October 21, 2024
BY Erin Voegele
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New markets, export opportunities and policy changes are all things that will help build demand, said IRFA Executive Director Monte Shaw at the Iowa Renewable Fuels Summit. The nearest term demand driver should be year-round E15, he added.
Brazil produced a record 36.83 billion liters (9.73 billion gallons) of ethanol in 2024, up 4.4% when compared to the previous year, according to data released by UNICA, the Brazilian sugarcane industry association.
The U.K. Department for Transport has announced it will invest £63 million over the next year under its Advanced Fuels Fund to support SAF producers. The agency also issued a response to its consultation on a revenue certainty mechanism for SAF.
According to new statistical reports released by the RFA, the value of the U.S. ethanol industry’s exports rose to a peak of $7.5 billion in 2024, fueled by a record 1.91 billion gallons of ethanol exported in 2024.
U.S. fuel ethanol production was up nearly 10% the week ending Jan. 31, according to data released by the U.S. Energy Information Administration on Feb. 5. Weekly ending stocks of fuel ethanol were up 3% and exports were down 41%.