Since 2011, U.S. ethanol has been the lowest cost motor fuel and octane source on the planet. As a result, global demand is booming and American-made ethanol is rapidly finding its way into new investment markets. Ethanol exports were approximately 825 million gallons in 2014, the second-highest total on record. Substantial market opportunities remain untapped. If the top 15 gasoline markets outside the U.S. all used even a 5% ethanol blend, they would consume more than 6.5 billion gallons of ethanol annually.
The development, production and sales of biofuels are global in their sweep and scope.
FACT: The U.S. again led the world in ethanol production, accounting for nearly 60% of global output in 2014. Brazil was responsible for about 25%, while the European Union followed with 6%. China and Canada were other leading producers.
FACT: In 2014, the U.S. exported an estimated 825 million gallons of ethanol. The U.S. has established itself as a powerhouse in the global ethanol trade. Not only has the U.S. led the world in production the past several years, but it has also evolved into one of the top ethanol exporters as well. Canada was again the U.S. ethanol industry’s top customer. Brazil was the second, followed by the United Arab Emeriates, Philippines and Mexico. Despite the European Union’s punitive tariff against U.S. ethanol, approximately 50 million gallons were shipped to European countries. Several new markets also emerged, including South Korea, Singapore, Panama and Tunisia.
FACT: As the low-cost producer of ethanol, and with excess supply, the U.S. has emerged as the world’s most reliable and cost-effective source of ethanol.
The U.S. ethanol industry leads the world not only in the production and use of biofuels, but also in exporting ethanol as well as livestock feed co-products such as distillers grains. Our success in the worldwide marketplace has helped to secure and sustain the growth of domestic ethanol production from all sources. While a stable and growing domestic market is an important priority for U.S. ethanol producers, the industry is increasingly focused on export opportunities for fuel and feed – especially because the U.S. market remains artificially constrained at 10% unless changes are made.