Great potential for U.S. ethanol exports
November 22, 2019 By Julie Harker Filed Under: 2019 Events, 2019 NAFB Convention, News
Growth Energy says there’s
great potential for U.S. ethanol exports. Craig Willis, vice president of
Global Markets, tells Brownfield, “China,
they’ve got an E15 by 2020 policy. They’re probably not going to quite get
there but that’s the second largest gasoline market going to E10. Brazil,
everybody knows uses ethanol. They’re roughly at a 47% blend across the board.”
Without counting the U.S. and
Brazil, Willis says there’s only a three-percent blend rate globally.
“So, if we get to E10 in the
rest of the world, that would be 13 Billion gallons of new ethanol demand or
roughly 4-and-a-half Billion bushels of corn. And just for perspective, here in
the states, we use about 5-and-a-half Billion bushels of corn.”
Willis say the three largest
gasoline markets: the U.S., Brazil, and, China, make up more than half of the
gasoline demand, which means a lot of countries are not using ethanol and
that’s why E10 in the rest of the world is “a great target.”
Brownfield interviewed Willis at the NAFB convention in Kansas City.
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