By Growth Energy Senior Vice President of Global Markets Craig Willis
Ethanol exports fell over 50 million gallons (mg) to 99 mg for May — the lowest for the year — as major markets like Brazil, Canada, and India all saw major cuts in imports of U.S. ethanol. However, smaller ethanol markets around the globe continue to show signs of stability as they increasingly adopt ethanol fuel into their fuel stream. These markets stand testament to the growing popularity of ethanol fuel globally and underscore the necessity of ensuring free and open trade for growing markets.
Markets like the Philippines, South Korea, Colombia, and the United Arab Emirates all saw an uptick in exports for May and played a large part in keeping the export outlook for the month stable — remaining on pace to match or exceed last year’s export numbers. Volatility in major export markets will always be a concern and exports to larger markets declined by 54 percent in May. As we have discussed in the past, growth in smaller markets may therefore play an increasingly central role in creating a stable global ethanol outlook. Smaller markets currently make up nearly 40 percent of overall exports for 2019, and that share may grow as the year continues.
Growth Energy is committed to working with our international partners to ensure that growing markets reach their full potential by creating open and free trade between nations. As countries around the globe turn to ethanol fuel to reach their economic and environmental goals, we must create the circumstances for them to do so. Both smaller and larger markets often do not have the domestic ethanol supply to achieve those goals in full, and American ethanol producers are well positioned to help them do so economically.
PHOENIX – Last weekend at the Bluegreen Vacations 500, NASCAR reached a significant milestone, announcing that their drivers have surpassed 15 million miles on Sunoco Green E15, a fuel made with 15 percent American ethanol. NASCAR adopted E15 in 2011 across its three national series to reduce emissions in the sport, while maintaining the high-performance standard needed […]
Thx for the #RecycleChallenge, @rcrracing! #Biofuel production is all about reusing & recycling and at Growth Energy, we make sure to dispose of plastic properly and you can too! Find out how by going to how2recycle.info. We challenge @POETBiofuels to see how they do it! https://t.co/wdutRS05Rf
I joined @SenJohnThune @ChuckGrassley @SenJoniErnst @SenatorFischer & @RoyBlunt in a letter to @realDonaldTrump to request the EPA change its proposed rule to restore integrity to the Renewable Fuel Standard. 15 billion gallons means 15 billion gallons. https://t.co/veBkthgGki
Reminder to all Iowans: The deadline to submit public comments on the @EPA’s supplemental rule is Nov. 29. 15 billion gallons means 15 billion gallons, and Iowa’s farmers and producers are counting on it. Express your support for upholding the #RFS here: https://t.co/R3MA4qz3s8