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Bad Credit Credit Creditres One of South Jersey's biggest cash crops may soon move from the kitchen table to your car's fuel tank. Gov. James E. McGreevey, standing Tuesday before dozens of area farmers and rows of corn at a Mickleton farm, pledged the state's support for a planned $60 million ethanol plant in South Jersey.

The proposed plant is reportedly expected to use 14.5 million bushels of corn and sorghum each year in a process that will produce 40 million gallons of ethanol, a gasoline additive. Currently, there are 90, - nearly 24, 000 acres is located in the Third District, which includes Salem County and parts of Cumberland and Gloucester counties. The U. S. Department of Agriculture estimates that an ethanol plant producing 100 million gallons annually would create a number of local jobs.

Bad Consolidation Credit Debt The plant, which would convert corn into a fuel additive that reduces auto emissions, would be the first in New Jersey as well as the entire mid-Atlantic region.

During the same month Doyle announced his POWER Initiative, the state Senate voted 17 to 15 to table legislation that would require all regular unleaded gas to contain 10 percent ethanol. Among the objections cited by critics was that ethanol should stand on its own and not be forced upon consumers. There are ample signs, however, of a growing consumer interest in alternative fuels. Three years ago, Nilsestuen said the state couldn't get gas stations to install ethanol pumps, but now more than 200 are ready to install ethanol gas equipment, including those situated along Interstate highways.

Bad Company Credit Repair "New Jersey farmers are looking for a partner," McGreevey said. "Our goal is to be that partner, to work collaboratively with you."

Bad Card Credit Credit The proposed plant is expected to produce 40 million gallons of ethanol annually. It also would make 121,000 tons of distiller grains to be sold as livestock feed and 121,000 tons of carbon dioxide that would be sold to the carbonated beverage or dry ice markets.

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Bad Car Credit Loan McGreevey said state officials are working to obtain federal assistance for the project. Other financial assistance also is being sought from the state's Economic Development Authority, the Casino Reinvestment Development Authority and the Delaware River & Bay Authority.

Japan's Environment Ministry said it is launching a campaign to manufacture ethanol from sugar cane produced on Miyako island in Japan's southern island chain of Okinawa. Sugar cane can produce more ethanol than corn, which is the production plant of choice in America. Japan hopes to have gasohol, a blend of ethanol and gasoline, being used in 40 percent of its vehicles by 2010. The Japanese government is investing 300 billion yen (2.4 billion dollars) into the ethanol project.

Bad Credit Loan Mortgage The governor said federal funds could account for nearly 25 percent of the project. In addition, farmers and private investors would invest in it.

Auto Bad Credit Loan An ethanol plant not only would help farmers find a new market for their corn, but also is expected to create 40 jobs.

Bad Credit Mortgage Refinance McGreevey said the state could choose a site for the plant by March. Salem County is considered a front-runner for the plant.

Bad Credit Refinance Peter J. Furey, executive director of the New Jersey Farm Bureau, hopes the plant is completed by the end of next year.

Bad Credit Mortgage Second "If we can break ground by the first quarter of next year, it'll take 12 months to build," Furey said.

Bad Credit Loan Student Owen Pool, an East Greenwich resident who farms 250 acres, said an ethanol plant would be a boon for farmers and the environment.

Bad Card Credit A nearby plant also would save area farmers considerable amounts in trucking costs, Pool added. Presently, many farmers truck much of their grain to a mill in Maryland for processing, he said.

Bad Credit Financing Pool said the presence of an ethanol plant also may prompt many growers to switch their crops to corn.

Bad Credit Home Loan Mortgage Jim Etsch, a Middlesex County farmer and chairman of the Garden State Ethanol Board, said corn prices now average about $2.20 per bushel, excluding transportation costs. A new regional ethanol plant is expected to raise corn prices between 5 cents and 15 cents per bushel, he said.

Bad Credit Loan People Etsch said ethanol is typically blended with refined gasoline in a 10-percent mix. Blends can be as high as 27 percent ethanol.

Bad Card Credit Credit People He said a new plant will decrease dependence on foreign oil and help decrease pollution from auto emissions.

Bad Credit Guaranteed Loan Currently, many gasoline refiners add MTBE, or Methyl Tertiary Butyl Ether, to reformulated gasoline to produce a cleaner-burning fuel as required by law. But MTBE is a carcinogen and has contaminated thousands of groundwater sources across the country.

Bad Credit Refinancing Ethanol has twice the oxygen content of MTBE and is considered a safer, renewable fuel source.

Bad Credit Equity Home Loan Etsch said efforts have been under way for more than four years to build an ethanol plant in New Jersey.

Bad Credit Loan Payday John Rigolizzo, a Berlin Township farmer and president of the state Farm Bureau, called the proposed plant "a win- win-win for the state."

Bad Credit Repair "Farmers gain a new market for the corn used to produce the clean-burning fuel additive," he said. "The environment gains a viable alternative to MTBE, a source of concern for water pollution. And New Jersey residents benefit in two ways - from the cleaner environment and a guarantee of preserved open space."

Bad Credit Home Loan Uk Etsch said New Jersey farmers grow about 10 million bushels of corn annually.

2nd Bad Credit Mortgage The proposed ethanol plant would require 14.2 million bushels annually to produce 40 million gallons. Corn to supply the plant also would come from farmers in Pennsylvania, Delaware and Maryland.

Bad Credit Loan Unsecured What's ethanol?

Bad Consolidation Credit Loan Ethanol is an alcohol-based alternative fuel produced by fermenting and distilling starch crops that have been converted into simple sugars. Feedstock for this fuel include corn, barley and wheat. Ethanol is most commonly used to increase octane and improve the emissions quality of gasoline.

Bad Credit Home Loan New By Gene Vernacchio
Courier-Post - 8/28/2002

Topic: Petroleum Industry

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