USGC identifies top 5 ethanol market priorities for 2023
Summary
Canada was the top market destination for U.S. ethanol in MY 2021/22, totaling a record 466 million gallons (Mgal). “With renewed commitments to carbon reduction and a keener focus on energy diversification efforts, we have seen many countries begin to make the transition to include or commit to ethanol blending targets,” said Doug Berven, vice president of corporate affairs for POET, and the Council’s current ethanol A-team lead. With success stories of E85 or E10 in many EU member countries, it’s becoming more evident to decision makers the integral role ethanol has in a viable decarbonization strategy that can significantly reduce prices at the pump,” said Mackenzie Boubin, USGC director of global ethanol market development. Given the country’s ambitious blending target of E20, U.S. ethanol can facilitate supply gaps, with the Council’s office there anticipating a potential 200 million gallon market by 2025. The Southeast Asia (SEA) region represents many promising transportation markets receptive to ethanol’s octane economics and carbon reduction impacts.