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Last update: 09.07.2011
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Is the bioethanol market reaching its limit?
Source : renewableenergyfocus.com
This is the question raised by the Czarnikow Group in its look at the bioethanol market. In 2010, US bioethanol consumption increased by a 20% to a total of 49 billion litres, up from 41bn in 2009. However, demand is now unlikely to increase significantly having hit the E10 blend wall - the effective saturation point for ethanol use at 10% of petrol, Czarnikow says. Over the past 18 months, the US has swung from a net-importer to exporter of bioethanol, and the most viable point of supply for many countries around the world. This looks set to continue in 2011 as US production now exceeds implied E10 demand by around 5%. US bioethanol prices are at 33-month-highs, but they have not rallied to the same extent as corn due to current over-supply in the market, and producer's margins are being squeezed. Coupled with further demand later in the year as US citizens take their vacations, pressure is being added on buyers of US ethanol abroad.
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25 May 2011 |
Figures ::
Bioethanol ::
International
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Articles in the category 'Figures' (74 articles)
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