Global Ethanol Use to Grow Dramatically: USGC
Sino-U.S. trade war will blunt the opportunity for ethanol from U.S.
China, Brazil, and the United States will help drive a dramatic global increase in ethanol consumption in the next 10 years, said a U.S. Grains Council analyst on Monday, reports Successful Farming.
However, the Sino-U.S. trade war will blunt the opportunity for ethanol from the United States, the world’s largest exporter, to win a share of the Chinese market in the near term.
Ethanol production hit 110 billion liters in 2018 and could expand significantly in the next decade, said Mike Dwyer, chief economist for the export-promoting Grains Council, at the Global Ethanol Summit.