USGC: Trade War Hurting U.S. Ethanol Industry ‘Badly’
Exports are the future of ethanol, even more so than E15 measures
The U.S.-China trade war is hurting the U.S. ethanol industry “badly,” Mike Dwyer, chief economist of the U.S. Grains Council, said on Wednesday at an event at New York Sugar week, reports Reuters.
“Without the tariff protection we would probably supply 90-plus percent of all (ethanol) import needs they (China) had,” Dwyer said.
While domestic measures like the promised expansion of higher ethanol gasoline blends such as E15 help, trade issues need to be resolved for the industry to thrive, said Dwyer.