What happens to the corn residue after extraction of the ethanol? Or would
this be reduced to fibre with no nutritional value?

Following this maths (I am not familiar with US measurements), is there
anything left? :" ... a typical bushel of U.S. Number Two Corn weighs
approximately 56 pounds and yields approximately 2.65 gallons of undenatured
fuel ethanol ... 

Of interest: "We are an Ohio limited liability company ... seeking capital
to develop, build and operate an ethanol plant in Defiance County, Ohio ...
to have an annual capacity to process approximately 11.3 million bushels of
corn into approximately 30 million gallons of undenatured ethanol"
http://sec.edgar-online.com/2001/11/30/0000950152-01-506143/Section9.asp  

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