Biofuel subsidy sees limited extension in US tax bill as opposition grows.
Buffeted by the economic crisis and a drop in the oil price, US producers of corn ethanol are encountering increasing scepticism from the legislators on Capitol Hill even as producers of the 'greener' cellulose-derived ethanol struggle to move beyond basic research and development.
Producers of ethanol from corn (maize) starch got what they needed out of a tax package enacted by the US Congress last week: a year's extension of the subsidies and protections granted under current law.
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