UPDATE 1-Bush touts ethanol plan on N.C. laboratory tour


(Adds White House comment in paragraphs 8-10) FRANKLINTON, N.C., Feb 22 (Reuters) - President George W. Bush toured a laboratory working to convert wood chips to ethanol on Thursday, touting his plan to boost U.S. use of the home-grown fuel fivefold over 10 years. In his State of the Union speech in January, Bush floated a plan to raise U.S. biofuels production five times current levels by 2017 to help reduce reliance on Middle East oil. Bush's plan bets heavily on advances in making ...

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