US ethanol exports remain high
While the US ethanol industry still awaits news of an E15 blending allowance exports of the fuel remain high.
The Renewable Fuels Association (RFA) says April ethanol exports reached 40.8 million gallons, including both denatured and undenatured non-beverage ethanol. That volume compares to 48.3 million gallons in March. Year-to-date exports are 124.3 million gallons, which means 2010 exports have already surpassed exports for the entire 2009 calendar year (113.3 million gallons).
Denatured ethanol exports were almost unchanged, but exports of undenatured non-beverage ethanol dropped by roughly 25%.
Exports to the EU, India, Jamaica, Australia, and Canada were up or stable. But exports to Brazil dropped to virtually zero, as Brazilian ethanol output rebounded from previous months.
‘American ethanol producers continue to be forced to look for overseas markets for their product as domestic markets for ethanol remain saturated due to the regulatory cap on blending levels,’ said RFA VP of research Geoff Cooper.
‘The transition of the United States to a net ethanol exporter due to its status as the low cost producer today is a reflection of the industry’s commitment to improving efficiencies and displacing petroleum. However, it also underscores the domestic opportunities lost due to the arbitrary cap on ethanol blending. As a matter of national energy security, America should first seek to maximise its use of domestic renewable fuels before it turns to overseas markets.’
The Renewable Fuels Association (RFA) says April ethanol exports reached 40.8 million gallons, including both denatured and undenatured non-beverage ethanol. That volume compares to 48.3 million gallons in March. Year-to-date exports are 124.3 million gallons, which means 2010 exports have already surpassed exports for the entire 2009 calendar year (113.3 million gallons).
Denatured ethanol exports were almost unchanged, but exports of undenatured non-beverage ethanol dropped by roughly 25%.
Exports to the EU, India, Jamaica, Australia, and Canada were up or stable. But exports to Brazil dropped to virtually zero, as Brazilian ethanol output rebounded from previous months.
‘American ethanol producers continue to be forced to look for overseas markets for their product as domestic markets for ethanol remain saturated due to the regulatory cap on blending levels,’ said RFA VP of research Geoff Cooper.
‘The transition of the United States to a net ethanol exporter due to its status as the low cost producer today is a reflection of the industry’s commitment to improving efficiencies and displacing petroleum. However, it also underscores the domestic opportunities lost due to the arbitrary cap on ethanol blending. As a matter of national energy security, America should first seek to maximise its use of domestic renewable fuels before it turns to overseas markets.’
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