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Bioethanol Market to Surge at a Robust Pace in Terms of Revenue Over 2022
December 17, 2020 GMT
Pune, Maharashtra, India, December 17 2020 (Wiredrelease) Allied Analytics :The global bioethanol market is driven by growth in demand from the transportation industry, owing to biofuel mandates by regulatory bodies, rise in concerns regarding the surge in pollution emission of greenhouse gases, and abundant raw material availability. However, issues related to food scarcity use of food crops for production of bioethanol are unfavorable and thus, are expected to hinder the market growth during the forecast period. In addition, high initial production cost of cellulosic ethanol is also expected to affect the market negatively. However, the introduction of second- third-generation biofuels is expected to provide lucrative opportunities for the market growth.
Photo credit: Angelia Weiss, Getty Images contributor The ethanol industry, which says it has lost $3.8 billion in sales since March due to the pandemic, is increasingly looking to the Biden administration for relief at the same time that farm groups want the new president to resolve the trade war with China. But a Purdue University professor said it was unlikely that President Biden, when he takes office on Jan. 20, will immediately undertake broad-scale trade reform, pointing out that “he has other priorities that take precedence.” Corn ethanol production is down 2 billion gallons this year because of the economic slowdown that accompanied the pandemic and reduced gasoline consumption, said the Renewable Fuels Association on Wednesday. Geoff Cooper, the RFA’s chief executive, said Congress is shying away from targeted aid, but that the USDA could provide the money if Congress provides a new tranche of cash for agricultural assistance.
Past NFU presidents urge Biden to advance ag, bioenergy biomassmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biomassmagazine.com Daily Mail and Mail on Sunday newspapers.
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Nationally and globally, there is growing focus on renewable fuels as a potentially profitable part of the strategy to reduce carbon emissions and mitigate climate change. While a number of renewable fuels regulations and governmental incentives have been in force in the U.S. for nearly a decade, the intense investor, corporate and governmental focus on environmental, social and governance issues (“
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Commodities Trading News and Trends
Welcome to the inaugural issue of
Commodities Trading News and Trends, the first in a series aiming to help commodity market participants identify and adapt to the market news and legal developments that impact their commodity trading. Each issue will feature summaries and insights into current topics, ranging from developments in renewable energy to recently enacted federal and state laws andregulations. Our goal is to help you successfully navigate the shifting currents while remaining competitive. Please enjoy this issue.
Renewables
The US offshore wind industry continues to expand as three states agree to collaborate on a large-scale project off the Atlantic coast. Maryland, Virginia, and North Carolina have agreed to collaborate on offshore wind projects, offering an alternative model for states to pursue their climate related goals. This collaboration has two related aims: to advance regional offshore wind projects and to promote the Sou