Again, ANDE is much more than an ethanol play, they are first a grain origination and trading company. I think also there is still ethanol bubble money sitting with the Andersons simply because ANDE didn't go bust and disappoint the investors.
Algae? a long way to go to make it pay.. someday.. for a world with even higher oil prices. I think this is an example where it is not very good to be first.