Argentina increases required blend of ethanol in gasoline to 12%

Plantations International News Argentina is set to beef up its ethanol production by increasing the required blend of ethanol in gasoline from 10% to 12%, according to media reports. The South American country's President, Mauricio Macri, said the additional ethanol would be exclusively derived from sugar, according to news agency Reuters. The increase should provide a boost to farmers there who have been struggling with a slump in global sugar prices since 2010 due to oversupply. "This announcement that the blend of ethanol in gasoline will rise to 12% from 10% guarantees the growth of the region," Macri told Reuters. Argentina, [...]

EIA increases 2016 ethanol manufacturing expectation

Plantations International Information The United States Power Info Management (EIA) has actually forecasted that ethanol production will certainly average 970,000 barrels each day in both 2016 and 2017 in the US. The organization released the info in the January issue of its 'Short-Term Power Expectation'. The EIA has raised its prediction for 2016 when as compared to the 960,000 barrel each day prediction consisted of in the December Short-Term Power Overview. The January record includes EIA's very first short-term predictions for 2017. Ethanol production averaged around 964,000 barrels daily in 2013. Ethanol usage, which averaged 910,000 barrels per day last year, [...]