Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Branson bailing out of ethanol?

May 8, 2008
British entrepreneur Richard Branson has unloaded a company thatâ??s building two ethanol plants in the U.S., including one near Fort Wayne.

In an interview with Fortune magazine during the peak of ethanol optimism in early 2006, Branson said industry profit margins were running at about 30 percent. â??Fuel is a necessity and it should be a good industry,â?? he said.

Since then, corn has roughly doubled in price and the margins arenâ??t so good.

What does Bransonâ??s exit tell you? And what does the future hold for ethanol?
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