Information
Ethanol trade using upswing
The chief economist for the Renewable Fuels Affiliation says the ethanol trade is firing on all cylinders.
Scott Richman tells Brownfield, “We’ve had the administration come alongside and supply waivers permitting year-round gross sales of E15. After which on the export entrance, by far file exports this 12 months. Final 12 months they had been about 10% over the earlier file. We’re truly forward of that up to now this 12 months.”
He says home use is anticipated to soar this summer season. “We’ve had a extremely good begin to the summer season driving season. AAA forecasted that there can be file journey and the EIA numbers for gasoline consumption bear that out.”
Richman says the trade is cautiously optimistic extra excellent news may very well be coming quickly. “We’re hopeful that someday this 12 months we’ll be capable to get laws that may permit year-round E15 to be everlasting.”
He says U.S. ethanol additionally continues to be priced competitively on the worldwide stage.
INTERVIEW: RFA’s Scott Richman
