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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.
