Create a free Feed & Grain account to continue reading

Ethanol Industry Says Its Inching Back from Collapse

As stay-at-home orders ease, fuel demand inches higher

Corninhands

The U.S. ethanol industry is showing some signs of recovery as government officials ease stay-at-home orders that depressed fuel demand, while a vote Friday in Congress could bring the industry one step closer to federal aid, industry officials said.

According to a report at Reuters, as restrictions ease and gasoline demand inches higher, about 140 ethanol facilities are idled or running at reduced rates, Renewable Fuels Association President Geoff Cooper said on Friday.

“It seems the worst may be behind us,” Cooper said in a call with reporters. “But make no mistake, we still have a very long way to go to climb out of the hole that COVID-19 put us in.”

Output is still down more than 40% from year-ago levels.

Page 1 of 354
Next Page