Exports of U.S. ethanol could hit a record 4 billion gallons a year in 2022, according to Mike Dwyer, chief economist for the U.S. Grains Council, reports Successful Farming.
Dwyer made the prediction Tuesday during a roundtable discussion on trade at the Iowa Renewable Fuels Summit at the Prairie Meadows Conference Center in Altoona, IA.
If the U.S. ethanol industry exports a total 4 billion gallons in 2022, it would more than the double the current record of 1.62 billion gallons of ethanol exports set during the 2017-2018 marketing year that ended August 31, 2018.