2024-06-11 23:40:00 ET
Summary
- Higher decarbonization targets have seen biofuels regaining interest from governments as they seek to further reduce carbon emissions from traditional fossil fuels.
- In 2023, fuel ethanol accounted for 78% of total U.S. biofuel production, a level which has been broadly consistent since 2021.
- Global trading volumes in ethanol have increased rapidly, with more countries adopting higher blending mandates into products like gasoline.
By Elizabeth Hui and Paul Wightman
At a glance
- Higher blending mandates for gasoline are contributing to the rising demand for ethanol
Read the full article on Seeking Alpha
For further details see:
Why The World Is Using More Ethanol