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The ethanol business is a good example.
But automotive specialists outside the ethanol business expressed skepticism.
They expect a wave of consolidation to sweep the ethanol business once the credit crisis eases.
The Archer Daniels Midland Company, a major agricultural processor, reported higher-than-expected quarterly profit yesterday, overcoming weakness in the ethanol business and sending its shares up as much as 9percentt.
A non-partisan Washington watchdog group, the Centre for Public Integrity, reported last month that Koch Industries' ethanol business enjoys high incomes thanks to government subsidies, despite their disapproval of such policies.
Mr. Taylor, who grows corn and soybeans in Prairie City, Iowa, east of Des Moines, said in an interview that the loss of the tax credit "will reduce the profit margin for a lot of people in the ethanol business".
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Brazil is also interested in buying up African commodities and in creating markets for its "green" ethanol and business opportunities for its powerful agricultural lobby.
Geoff Cooper, the association's director of ethanol and business development, says there is enough corn to go around.
This week, Pacific Ethanol's four ethanol-producing subsidiaries filed for bankruptcy, as part of an ongoing shakeout in the ethanol-production business.
A handful of small companies, including Pasadena, Calif.-based start-up Gevo, are scrambling to commercialize second-generation biofuels such as butanol that they believe will be cheap and clean enough to put ethanol out of business.
The ethanol conversion plant business is booming.
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