73 US Ethanol Plants Idled (Ind. Report)
Renewable Fuels Association
According to the ethanol trade group, the Renewable Fuels Association (RFA), of the 204 operating ethanol plants in the U.S., 73 plants are now idled and another 71 plants have reduced production as a result of the COVID-19 pandemic. RFA estimates that ethanol production could fall by around 3bn gallons in 2020, a nearly 20 percent cut from previously expected levels.
The RFA also notes 2020 U.S. ethanol sales could fall by more than $10 billion and the ethanol industry's contribution to gross GDP could fall by nearly one third.
(Source: RFA, ICIS, 20 April, 2020) Contact: Renewable Fuels Association, Geoff Cooper, (202) 289-3835, www.ethanolrfa.org
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