News

Canada is forecast to import a record amount of U.S. ethanol this year

A Canadian trade representative says the country’s biofuels market is growing and that is good news for U.S. corn farmers and ethanol producers.

Acting Consul General for Canada Aaron Annable says his country is trying to aggressively reduce greenhouse gas emissions by 2030. “The size of our ag sector currently isn’t at the scale of ethanol production in the United States.  And, while we see our new clean fuel regulation as hopefully spurring more domestic production in Canada. Looking at right now at forecasted demand, we will not be producing enough domestically.”  

Canada’s Clean Fuel Regulation requires the country to reduce greenhouse gas emissions 26 million tons by 2030.

He tells Brownfield his country will likely have to increase ethanol imports. “This definitely represents opportunities, I think, for U.S. ethanol exporters to Canada and that is based on an already strong ethanol-trading relationship between the two countries.”

Annable spoke with Brownfield at the 2022 Ag Outlook Forum presented by Agri-Pulse and the Kansas City Agribusiness Council.