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St. Louis could be the next energy disruptor, VC says

St. Louis could be the next energy disruptor, VC says
November 16, 2017 Yodit Teklu

This story was originally published in St. Louis Business Journal on November 16, 2017.


By Steph Kukuljan| bizjournals.com


“The millions of acres of corn and soybeans planted within a 500-mile radius — and the ethanol those crops can produce — can transform St. Louis into the next big disruptor of the energy sector, according to Eric McAfee, Silicon Valley venture capitalist and founder and CEO of Aemetis Inc. (NASDAQ: AMTX), a Cupertino, California-based renewable fuels and biochemicals company.

The ethanol industry contributed $42 billion to the U.S. gross domestic product in 2016, with the value of U.S. ethanol exports topping about $2.1 billion, according to the Renewable Fuels Association. The state Department of Agriculture reported Missouri exported about $1.3 billion of corn and soybeans in 2015…”

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