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TeachMeFinance.com - explain Ethanol Ethanol The term 'Ethanol ' as it applies to the area of agriculture can be defined as ' C2H5OH; the alcohol product of carbohydrate fermentation used in alcoholic beverages and for industrial purposes (also known as ethyl alcohol or grain alcohol). It is blended with gasoline to make gasohol. In the 1998/99 corn marketing year, about 540 million bushels (5.5%% of the corn crop and 7.2% of domestic use) will be used to produce about 1.5 billion gallons of ethanol'.
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