US Aims to Increase Ethanol Sales to PH
(Business Inquirer) Ethanol producers in the United States are keen on doubling exports to the Philippines under an aggressive expansion program that is centered on opening up the Asian market.
Edward S. Hubbard Jr., general counsel for the US Renewable Fuels Association (RFA) told the Inquirer that the US RFA could produce as much as 15.2 billion gallons this year from the 14.6 billion gallons it produced in 2014.
The Philippines was the fourth biggest importer of US ethanol in 2014, accounting for 67.5 million gallons. The top three importers were Canada (335.9 million gallons), Brazil (112.2M gallons), and the United Arab Emirates (68.3M gallons).
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The Ethanol Producers Association of the Philippines (Epap) said that although there had been an increase in the production of ethanol, the country’s output remained below the annual demand. READ MORE