15.
09.20
12:54

Ethanol production will not recover until 2022

Global ethanol production is expected to be 20% lower this year as the market hits the COVID-19 crisis, while a recovery in production to pre-pandemic levels cannot be achieved until 2022, a US Grains Council director said today .
According to Brian D. Healy, director of global market development for ethanol, around 23 billion liters of ethanol production were lost in 2020, closing more than 250 ethanol plants worldwide. The US Grains Council announced this at the virtual conference Platts APPEC 2020.
However, ethanol production in the US has almost recovered from the worst of the pandemic and is currently 10% lower than it was on August 16, 2019, Healy added.
After 2020, policy implementation will remain a key driver of ethanol demand, Healy said, adding that implementation delays have occurred in some markets that had announced significant expansions to their ethanol usage policies over the past two years.

Source
Hansa Terminhandel GmbH
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