WASHINGTON, D.C. – Today, Growth Energy, the nation’s largest ethanol association, hailed the announcement of a long-awaited deal on the U.S.-Mexico-Canada Agreement (USMCA) on trade. The USMCA modernizes the previous trade pact, strengthens the trade relationship between these North American nations, and provides critical market access for U.S. agriculture. Following the announcement, Growth Energy CEO Emily Skor issued a statement in support of USMCA:
“This is welcomed news for U.S agriculture and biofuel producers across North America,” said Skor. “We have a rich history of trade with Mexico and Canada, and the USMCA strengthens that vital economic bond between our three nations. This was no easy feat, so we thank our champions in Congress and the administration for their tireless efforts to secure its approval and for pursuing much-needed economic opportunities for rural Americans.”
The USMCA provides additional market access and trade opportunities for U.S. biofuel and its coproducts. Mexico’s move toward implementing a ten percent blend of ethanol nationwide could deliver a potential new market of 1.2 billion gallons for U.S. producers.
Canada is the U.S.’s second-largest ethanol export market, accepting 347 million gallons in 2018. The Canadian market has the potential to increase materially over the next 10 years due to changes in both federal and provincial policy, including pushes by Ontario and Quebec to move to a fifteen percent ethanol blend.
Additionally, Mexico is the U.S.’s largest dried distillers grains (DDGs) export destination, with over 2 million metric tons shipped in 2018. Canada was our seventh largest export destination for DDGs with 664 thousand metric tons in 2018, and is on track to be the fifth largest export destination in 2019.
We were honored to host @EPAMichaelRegan at our 12th Annual ELC. Administrator Regan participated in a virtual fireside chat with CEO @EmilySkor and discussed EPA's approach to decarbonization and how biofuels fit into the agency’s plan for a cleaner planet. https://t.co/eSQln8kD6c
Provides cleaner air (46% lower emissions). Renewable and plant-based (reduces reliance on fossil fuels). Made here in the U.S. #Biofuels, people! They ARE the answer! Thanks @GrowthEnergy for your tireless commitment! #FactualFriday #EthanolFTW https://t.co/NGdeubDWpN
Michael Lorenz, formerly with convenience-store chain Sheetz, will join @GrowthEnergy as senior vice president of market development, overseeing the global and domestic #expansion of higher ethanol blended #fuels. #cspdn https://t.co/RYpjVQXdWU https://t.co/bhnc2PNUBq