RFA CEO Says Biofuels Seem to Be Turning Corner after Year of Covid Disruptions
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The CEO of the Renewable Fuels Association says it was this time last year when the pandemic pulled the rug out from underneath the ethanol industry. And 12 months later, Geoff Cooper tells Brownfield plants seem to be turning the corner.“It was at this time a year ago when we were sort of at the top of the rollercoaster and just starting down, wondering where in the world the bottom was.”
He says domestic ethanol blending rates have returned to pre-pandemic levels and the outlook is bright.
“We’ve still got strong export demand, we’ve got analysts talking about sort of returning to pre-pandemic gasoline demand this summer. So all of that bodes well and serves as bullish factors when we look at the outlook for ethanol supply and demand.” READ MORE
EIA maintains 2021, 2022 ethanol production forecasts (Ethanol Producer Magazine)
Good News For Ethanol: Americans ‘Can’t Wait To Get On The Road Again’ (AgWeb)
Driving Roars Back in U.S., Setting Up Gasoline for 7-Year High (Bloomberg)
E15 Sales Show Resiliency Despite Pandemic-Related Dip in Overall Fuel Consumption: Iowa retailers sold 60.59 million gallons of E15 in 2020, up from 48.96 million gallons in 2019. (Convenience Store News)
Gasoline prices continue retreat as COVID cases climb (Houston Chronicle)