Top Ethanol Markets Remain Dependable

Business, Business News/Analysis, Canada, European Union (EU), Feedstocks, Field/Orchard/Plantation Crops/Residues, Marketing/Market Forces and Sales, Nigeria, Opinions, Policy, Resources, Singapore, South Korea, Sustainability, UK (United Kingdom)

January 25, 2023

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by Mackenzie Boubin (U.S. Grains Council/Ethanol Producer Magazine) Working continuously to expand global markets for ethanol, the U.S. Grains Council has identified key priority and second tier markets to grow demand and, ultimately, help U.S. producers export four billion gallons of ethanol by 2025.

Ethanol remained a robust and diversified market with U.S. ethanol exported to nearly 80 different countries in 2021/22. Total U.S. ethanol exports for 2021/22 were up in eight of the top 10 markets, with Canada, the European Union, Nigeria, Singapore and the United Kingdom all setting records.

Canada was the largest market for U.S. ethanol in 2021/22 with nearly 470 million gallons exported, a 33 percent increase year-on-year and the highest on record. Canada’s recently released Clean Fuel Regulations formalized policy that provides stable demand for biofuels into 2030 and beyond. As a result, the Canadian government anticipates that the country will achieve a 15 percent national ethanol blend rate by 2030 as an avenue to comply with CFR carbon mitigation requirements, up from its current 8 percent national ethanol blend average.

South Korea surpassed India to become the second-largest market for U.S. ethanol in MY 2021/22, ….

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The EU was the third largest market for U.S. ethanol in 2021/22, ….

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Utilizing U.S. ethanol as a measure to reduce inflationary pressures, increase human health and contribute to decarbonization efforts is an idea that is resonating throughout the globe as more countries seek to implement higher biofuel standards and utilize ethanol to the fullest potential. These goals are a critical aspect of the U.S. Grains Council’s mission of developing overseas markets for U.S. product, to the benefit of domestic producers and foreign end-users alike. READ MORE

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