![Page 1: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/1.jpg)
Corn pricesHo Wing Tung Janice
![Page 2: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/2.jpg)
What does corn make?• Food commodities
• Food grain for breeding
• By product: Bioethanol
![Page 3: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/3.jpg)
![Page 4: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/4.jpg)
![Page 5: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/5.jpg)
How to make biofuel?
• Filtering• Removing of water• Titration• Preparation of sodium methozide• Heating and mixing• Settling and separation
![Page 6: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/6.jpg)
Bioethanol
• A kind of alcohol made from corn, of high quality
• Commonly found in Brazil
• Blended into gasoline as a fuel enhancer
• Advantages• Increase car’s thermal efficiency• Reduce pollution
• Tax credit, subsidies are provided by US government
• Disadvantages• Smaller energy density and output level (2/3 of petrol)• Need a bigger tank to fully substitute petrol• Easy to erode pipelines
![Page 7: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/7.jpg)
What affects prices of corn?
![Page 8: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/8.jpg)
Prices of Corn
Highest: $445.75 Lowest: $300.5
![Page 9: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/9.jpg)
Emerging trends
![Page 10: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/10.jpg)
1. Global Warming
• Alternatives of gasoline and petrol
• Bioethanol can be a more environmentally friendly
• Higher demand for bioethanol
Prices of corn
![Page 11: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/11.jpg)
![Page 12: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/12.jpg)
![Page 13: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/13.jpg)
2. Second generation biofuel
• Aim:
• The Energy Independence and Security Act 2007
• Increase 3x usage of biofuel in 10 years with advanced biofuel
• Frees the industry from reliance on a single commodity
• Avoid threatening food supply and biodiversity
![Page 14: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/14.jpg)
Categories
![Page 15: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/15.jpg)
Second Generation Biofuel
• Derived from non-food commodities
• E.g. woodchips, industrial waste, leaves
• Less greenhouse gas emission
• Higher energy output
• Substitute of corn-biofuel with better performance
Prices of corn??
![Page 16: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/16.jpg)
Short term (3-5 years)
• Corn prices
• Target set by America’s Environmental Agency
• High fixed cost to invest in non-food biofuel
• Food-biofuel still dominates with raising demand
![Page 17: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/17.jpg)
Long Term (5-10 years)
• Joint ventures emerge
• US government grants and loans to investors
• Oil companies are joining the ventures
• Solazym and Chevron
• BP and Dupont
• Prices of corn will substantially
![Page 18: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/18.jpg)
Q & A
![Page 19: Corn prices Ho Wing Tung Janice. What does corn make? Food commodities Food grain for breeding By product: Bioethanol](https://reader035.vdocuments.us/reader035/viewer/2022070410/56649ea45503460f94ba8eea/html5/thumbnails/19.jpg)
Emerging trends
European Union’s goal of reaching 10% of transportation fuel as biofuel
Shell and Cosan team up on ethanolGeneration gameA champion of futuristic biofuels embraces the old-fashioned kindFeb 4th 2010 | SÃO PAULO |
America's biofuel muddleComing up emptyAmerica will have trouble meeting its ambitious goals for biofuelsMar 25th 2010 | CHICAGO
Joint ventures
Higher targets