I caught an interesting report last week by John Licata, founder of Blue Phoenix Inc. via CME Group in a PDF titled “Biorefineries May be New Greenfield”. Licata starts out explaining that following three decades of refinery contraction in the U.S. (the last one built in 1976), American consumers are now feeling this lack of refinery capacity in the way of higher gasoline prices. We are down to 144 operable U.S. refineries, the fewest since 1949. He warns that because of more stringent govenment fuel requirements coming, and older refineries incapable of breaking down crude to more eco-friendly gasoline, we will continue to see pump prices head upwards.
View the original article here: Are biorefineries the future?