AtlasShrieked
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- Jun 12, 2008
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Obama Camp Closely Linked With Ethanol
"only obama will tell the people the truth" susan riceWhen VeraSun Energy......inaugurated a new ethanol processing plant last summer in Charles City, Iowa, some of that industrys most prominent boosters showed up. Leaders of the National Corn Growers Association and the Renewable Fuels Association, for instance, came to help cut the ribbon and so did Senator Barack Obama.Company Information
VeraSun Energy Corporation (VEC) is an ethanol producer in the United States. The Company focuses primarily on the production and sale of ethanol and its co-products. VEC owns and operates five ethanol production facilities in the United States, with a combined ethanol production capacity of 560 million gallons per year (MMGY). As of March 4, 2008, its ethanol production capacity represented approximately 7% of the total ethanol production capacity in the United States. In addition to producing ethanol, VEC produces and sells wet and dry distillers grains as ethanol co-products. During the year ending December 31, 2007, the Company produced approximately 376.1 million gallons of fuel ethanol and 1.2 million tons of distillers grains. On August 17, 2007, VEC acquired ASA OpCo Holdings, LLC. On March 31, 2008, VEC completed its merger with US BioEnergy Corporation.
Mr. Obama is running as a reformer who is seeking to reduce the influence of special interests. But like any other politician, he has powerful constituencies that help shape his views. And when it comes to domestic ethanol, almost all of which is made from corn, he also has advisers and prominent supporters with close ties to the industry at a time when energy policy is a point of sharp contrast between the parties and their presidential candidates.