Ethanol Makers See Demand Surge on Hand Sanitizer Stockpiling
Cargill said demand for its denatured ethanol in Europe has doubled
Some ethanol producers worldwide said demand is up for their products due to customers stockpiling hand sanitizer -- which can be made using the biofuel -- as the coronavirus outbreak worsens, reports Reuters.
Cargill said on Monday that demand for its denatured ethanol in Europe has doubled since last month.
Sacramento-based producer Pacific Ethanol confirmed that industrial alcohol sales are rising, said Paul Koehler, vice president of commodities and corporate development.