CropEnergies predicts higher EU ethanol demand as restrictions ease
Germany’s CropEnergies, one of Europe’s largest ethanol producers, revealed that demand for bioethanol is set to recover as easing COVID-19 lockdowns across the region enable more people to use their vehicles.
The company has also increased output of ethanol for disinfectants as fuel demand collapsed after lockdowns were imposed.
“CropEnergies expects to see an improvement in the second quarter compared with the first as the operating and mobility restrictions mandated since mid-March 2020 have been eased in more and more countries,” the company said in a statement. “This should go hand in hand with an increase in fuel demand.
“CropEnergies has expanded the production of ethanol suitable for disinfectants and contributed to closing supply gaps during the corona pandemic.”
Germany and other European Union countries require biofuels, including ethanol, to be blended with gasoline to reduce pollution, so falling fuel sales automatically cut ethanol demand.
The company has also increased output of ethanol for disinfectants as fuel demand collapsed after lockdowns were imposed.
“CropEnergies expects to see an improvement in the second quarter compared with the first as the operating and mobility restrictions mandated since mid-March 2020 have been eased in more and more countries,” the company said in a statement. “This should go hand in hand with an increase in fuel demand.
“CropEnergies has expanded the production of ethanol suitable for disinfectants and contributed to closing supply gaps during the corona pandemic.”
Germany and other European Union countries require biofuels, including ethanol, to be blended with gasoline to reduce pollution, so falling fuel sales automatically cut ethanol demand.
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