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One of the downsides of allowing 15% ethanol fuel is the big jump in corn prices in recent years. [17] Even though the 2012 North American drought has made the production of ethanol too expensive to put on a nationwide scale, NASCAR continues to use E15 ethanol fuel as an alternative to their "E0" gasoline that was used in the past. [ 18 ]
The NHRA will mandate a specification Sunoco racing fuel, but it is unknown if the specification fuel will be unleaded racing fuels as they are in other classes of motorsport where they are official fuel, or allow alcohol in the official NHRA fuel (as has been the case in Indycar, 85% ethanol, or NASCAR, 15% ethanol). Pro stock fuel systems ...
In 2011, the three national NASCAR stock car series mandated a switch from gasoline to E15, a blend of Sunoco GTX unleaded racing fuel and 15% ethanol. [116] Australia's V8 Supercar championship uses Shell E85 for its racing fuel. Stock Car Brasil Championship runs on neat ethanol, E100. Ethanol fuel may also be utilized as a rocket fuel.
The United States became the world's largest producer of ethanol fuel in 2005. The U.S. produced 15.8 billion U.S. liquid gallons of ethanol fuel in 2019, up from 13.9 billion gallons (52.6 billion liters) in 2011, [1] [2] and from 1.62 billion gallons in 2000. [3] Brazil and U.S. production accounted for 87.1% of global production in 2011. [1]
The company is the third largest ethanol fuel producer in North America (as of February 2012). [4] It was reported in early 2012 that the company ships approximately one billion gallons of ethanol per year. [3] The company employs approximately 640 people, [5] and was founded by Barry Ellsworth. [5]
In a reverse stock split, a company reduces the number of shares outstanding, boosting the share price. For example, with a 1:3 stock split, the number of shares is divided by three while the ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Since 2007, the Indy Racing League has used ethanol as its exclusive fuel, after 40 years of using methanol. [7] Since September 2007 petrol stations in NSW, Australia have been mandated to supply all their petrol with 2% ethanol content [ 8 ]