据道琼斯8月24日消息,标准普尔的最新报告称,乙醇产业正面临来自于两个独立因素所带来的日益增长的压力:一个因素是油价的持续下跌,另一个因素是来自于要求政府放弃对于乙醇产业进行扶持的政治压力。在过去的十年间,受政府扶持的刺激,乙醇产业获得了快速成长。报告预测,这些因素将令生物燃料生产商的信用质量下降。通常而言,乙醇的交易价格与石油存在着较大的折扣,但是在过去的一年中,油价已经下挫逾一半,乙醇和石油之间的差价已经接近于零。对于以非玉米原料生产先进生物燃料的企业来说情况更为严峻,因为他们的生产成本更高。
庞晓华摘译自道琼斯
原文如下:
S&P Forecasts Gloomy Future for Biofuels
The ethanol industry is facing growing pressure from two separate factors: prolonged drop in oil prices and political pressure to repeal a government mandate that helped drive the sector over the last decade, according to a new report out of S&P. The report predicts that these factors could weaken the credit quality for biofuels producers. Ethanol typically trades at a sizable discount compared to oil, but with prices of the latter plummeting by more than half in the last year, the spread between the two is nearly gone. The outlook is particularly dire for companies producing advanced biofuels made from non-corn material because their production costs are high.