OBAMA CONTINUES TO BACK CORN-BASED ETHANOL

But, wants to see new non-corn biofuels

  President Obama continues to support the ethanol industry, but stopped short of committing to increasing the percentage blend of ethanol in gasoline during a White House press conference with regional reporters.  While supporting the current corn-based ethanol industry, Obama stressed again his desire to see new biofuels developed from non-corn feedstocks.  "Corn-based ethanol over time is not going to provide us with the energy-efficient solutions that are needed," Obama said, but added he wants to maintain "the progress we've made in building up a biofuels infrastructure and the important income generation that has come from ethanol plants."

<br>