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U.S. Ethanol Exports Reach Record High for 2018

U.S. Ethanol Exports Reach Record High for 2018

Today, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) released the final 2018 total export numbers for ethanol, with ethanol exports reaching a record 1.70 billion gallons. Ethanol exports in 2018 surpassed 2017 exports by 326 million gallons, a 23 percent increase, and ethanol co-products like distiller’s dried grains with solubles (DDGS) saw 7 percent growth. Growth Energy CEO Emily Skor issued a statement following the 2018 FAS report, noting that leveraging the benefits of ethanol is a growing international trend:

“The global appetite for ethanol has never been higher,” said Growth Energy CEO Emily Skor. “Countries around the globe are recognizing the significant role biofuels play in achieving their economic and climate goals. At Growth Energy, we are working to keep this incredible momentum going so the global ethanol outlook continues to flourish in 2019.”

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Article by Growth Energy