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. In 2015, the U.S. shipped approximately 850 million gallons to more than 50 countries.
With much lower crude oil prices in 2015, many predicted that demand for U.S. ethanol exports would falter. However, robust export volumes in 2015 demonstrate that gasoline blenders in foreign markets are increasingly valuing ethanol for its unique octane and oxygenate properties.
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 2015. Brazil was responsible for about 28%, while the European Union followed with 5%. China and Canada were other leading producers.
FACT: In 2015, the U.S. exported an estimated 850 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. Canada was again the U.S. ethanol industry’s top customer, receiving 30% of all shipments. Brazil, the Philippines, South Korea and India were other familiar top destinations. China’s rapid emergence as a Top 10 destination for U.S. ethanol was a major development.
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.