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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Ethanol Stock Reflects Plant Closures

09/24/2020

For the week ending September 18th U.S. ethanol stock attained 19.99 million barrels.  Since the advent of COVID-19, inventory has declined from a peak of 27.69 million barrels on April 17th reflecting plant closings

 

Ending stock is little changed from June 2010 attesting to lower off take of E-10 attributed to smaller and more efficient vehicles with lower consumption and fewer miles travelled by average consumers.

 

The recent decision by the Administration to promote E-15 will probably not make any difference to ethanol demand in the near future given that a high proportion of existing vehicles are ineligible to use dilution rates in excess of 10 percent of ethanol in gasoline. The Renewable Fuel Standard is based on a gross over-estimate of demand and should undergo revision to correspond to reality and to exclude the myth of cellulosic ethanol that has not materialized.

 


 
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