SOURCE: Growth Energy
November 22, 2023
BY Growth Energy
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U.S. fuel ethanol production was down nearly 3% the week ending June 20, according to data released by the U.S. Energy Information Administration on June 25. Stocks of fuel ethanol were up 1% and exports fell by 33%.
The government of Brazil on June 25 announced it will increase the mandatory blend of ethanol in gasoline from 27% to 30% and the mandatory blend of biodiesel in diesel from 14% to 15%, effective Aug. 1.
Growth Energy announced that Americans could potentially save more than $10.1 billion in fuel costs this summer thanks to an emergency summer E15 waiver issued earlier this year by the U.S. EPA.
The EU on June 20 suspended tariff preferences on non-fuel ethanol imported from Pakistan. ePURE, the Euoprean renewable ethanol association, said the action is an important step toward restoring fair competition.
In June, the U.S. Grains Council signed a renewed MOU with Vietnam’s Ministry of Agriculture and Environment to strengthen bilateral trade of animal feed and biofuels and expand technical support to the Vietnamese agricultural industry.