Global production of the renewable fuel ethanol will boom over the next few years if oil prices stay high, analysts said. With crude oil prices climbing toward $46 a barrel ethanol has become an economically viable import for energy- hungry countries to use in industry or as a blend for vehicles, said Sergey Gudoshnikov, senior economist at the International Sugar Organization (ISO), an intergovernmental body.
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www.planetark.com, news of 2005-01-11.
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