Verasun soars on debut

According to Anuj Gangahar from the FT:

Shares in VeraSun opened for trading nearly 22 per cent above the offer price at $28. The stock closed at $30 in New York.
The company and stockholders had sold 18.25m shares at $23 each through the IPO, according to the company, exceeding the $21 to $22 range forecast in an earlier regulatory filing.

Let’s just have in mind that Clearfish found them inefficient and not worthwhile pursuing.
Check the trackback and Clearfish’s comments here.
Anyhow, I just wanted to highlight the potential increase in production that I mentioned in my previous post:

As a reference, yearly  gasoline disposition in the US is 3,330,625 MB (9,125 MBD x  365); so for the minimum E10 blend, 333, 062 MBY would be needed. The actual yearly production of ethanol is 110 MB  –in other words, the production of ethanol would have to increase 3,028 times to meet this E10 demand!