Corn/Maize
John LaRose Jr. John LaRose Jr.
shared this article 3 years ago
Topics: Wheat, Corn/Maize, Rice, Commodities, Agriculture Global, Economics,
TOPIC(S): Wheat, Corn/Maize, Agriculture US, Trade (Commodities),
TOPIC(S): Corn/Maize, Agriculture US, Cover Crops, Conservation/Tillage, Carbon Farming,
Nancy Kavazanjian Nancy Kavazanjian
shared this article 3 years ago
Topics: Wheat, Corn/Maize, Trade (Commodities),
TOPIC(S): Corn/Maize, Soybeans, Fertilizer, Ag South America, Brazil,
Team AgWiki Team AgWiki
shared this article 3 years ago
Topics: Corn/Maize, Agriculture US, Ethanol/Biofuel, Ag Russia & CIS, Trade (Commodities), Commodity/Trade Groups,
TOPIC(S): Corn/Maize, Agriculture US, Ethanol/Biofuel, Commodity/Trade Groups,

03/12/2022 SOURCE: ethanolrfa.org

EIA Data Confirm Record Ethanol Blend Rate in 2021

Data released Monday by the U.S. Energy Information Administration show that ethanol comprised a record share of America’s gasoline in 2021, averaging 10.34 percent of every gallon sold. The final EIA data for 2021 also confirmed a significant rebound in both ethanol production and consumption after COVID-related shutdowns ravaged the fuel market in 2020. The Renewable Fuels Association said the EIA data also underscore ethanol’s ability to diversify the domestic fuel supply and keep pump prices in check. EIA’s data show that the U.S. ethanol industry produced 15.02 billion gallons (bg)in 2021, an 8 percent increase over 2020 and the largest annual volume growth since 2010. Domestic ethanol consumption grew even faster, jumping 1.26 bg over 2020 levels—a 10 percent increase. Meanwhile, U.S. ethanol exports dipped slightly from 2020 levels, but still registered as the fifth highest on record. RFA President and CEO Geoff Cooper said the data underscore the resilience of the U.S. ethanol industry and highlight the fact that the so-called “E10 blend wall” continues to crumble. “Ethanol’s share of our nation’s gasoline continues to rise, as consumers are increasingly drawn to lower-cost, lower-carbon options like E15 and E85,” Cooper said. “Based on the EIA data, we estimate that 600-700 million gallons of ethanol were consumed in blends other than E10, proving that the oil industry’s so-called ‘blend wall’ is nothing but a figment of their imagination. As war in eastern Europe destabilizes global petroleum markets and crude oil prices continue to rise, our nation’s leaders should be taking steps to increase the use of cleaner-burning, homegrown ethanol. We have enough unused production capacity in the ethanol industry to entirely replace U.S. crude oil imports from Russia.” Cooper touched on many of these themes in his State of the Industry addressat last week’s National Ethanol Conference.

Read More

TOPIC(S): Corn/Maize, Ethanol/Biofuel,

Advertisement

Where agriculture and technology come together. Learn to provide compelling solutions for today’s agricultural challenges. Agribusiness at Greenville University