NEW YORK, NY--(Marketwire - Dec 4, 2012) - Ethanol stocks have struggled as of late as a recent survey of automakers conducted by the AAA showed that just 5 percent of the 240 million cars and trucks in the U.S. are approved to use E15 ethanol fuels. The Paragon Report examines investing opportunities in the Ethanol Industry and provides equity research on BioFuel Energy Corp. (NASDAQ: BIOF) and Pacific Ethanol Inc. (NASDAQ: PEIX).
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Since the Environmental Protection Agency approved E15 ethanol fuel, which is a 15% Ethanol and 85% Gasoline blend, for sale, only 10 filling stations in the U.S. are currently offering the fuel. Major auto manufacturers have said the fuel could cause damage to a majority of the older cars on the road, while several manufacturers have stated they will not cover any engine damage caused by the new blend.
"It is clear that millions of Americans are unfamiliar with E15, which means there is a strong possibility that many motorists may improperly fill up using this gasoline and damage their vehicle," said AAA President & CEO Robert Darbelnet. "Bringing E15 to the market without adequate safeguards does not responsibly meet the needs of consumers."
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BioFuel Energy owns and operates two of the largest dry mill ethanol facilities in the United States. The company produces 230 million gallons per year of fuel grade ethanol and 720,000 tons of distillers grains at these facilities and deliver these products to fuel blenders and agricultural users both locally and nationwide.
Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States. The company recently reported that it has implemented corn oil separation technology at their Stockton Plant.
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