Rail car retrofits to cost $5.3 B to ethanol
December 8, 2014
By Canadian Biomass
Dec. 8, 2014 – An economic research group released a report stating that the proposed rules on rail tank cars could cost the U.S. economy as much as $60 billion. The projected costs for the ethanol industry would increase by almost $5.3 billion at its peak year in 2019.
Dec. 8, 2014 – An economic research group released a report stating that the proposed rules on rail tank cars could cost the U.S. economy as much as $60 billion. The projected costs for the ethanol industry would increase by almost $5.3 billion at its peak year in 2019.
Retrofitting the existing fleet of tank cars will be costly but the ethanol industry will also incur additional costs shifting to trucks during the modification process, according to Ethanol Producer Magazine. With the temporary shift from rail to road come additional safety and environmental risks associated with the substancial increase in truck traffic on highways.
For more information, go to www.ethanolproducer.com/articles/11722/report-on-rail-car-retrofits-pegs-5-3-b-cost-to-ethanol-in-2019
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