SAN FRANCISCO (Stockerblog) -- A company called Qteros, which is backed by George Soros, has developed a process to use microbes to create enzymes that more efficiently change plant waste to ethanol. The company has just entered into a joint venture with India-based Praj Industries.

Qteros is privately held, but there are plenty of publicly traded companies involved in ethanol production and products, over 15 of which pay dividends. Here are a few examples.

Archer Daniels Midland (ADM) has a corn processing division that produces ethanol from corn. The stock has a price to earnings ratio of 10.3, a forward P/E of 9.3 and a yield of 2%. Although revenues were up 12.6% for the latest quarter, earnings were down 30.4%.

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    The Andersons (ANDE), an Ohio-based company, is involved in the management of ethanol production facilities and grain and ethanol trading. The stock has a P/E of 12.8, forward P/E of 11.3 and a yield of 1.2%. Earnings for the latest quarter were up 11.5%.

    Bunge (BG) is a White Plains, N.Y., company founded in 1818 that produces ethanol from sugarcane. The stock has a P/E of 4.9, a forward P/E of 12.3 and a yield of 1.4%. Earnings for the latest quarter were down 8.6%.

    For a free list of stocks related to ethanol, visit WallStreetNewsNetwork.com.

    At the time of publication, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.