Through the middle of April, the COVID-19 pandemic, coupled with the effects of the Saudi-Russia oil price war, has had a devastating impact on the U.S. ethanol industry, slashing production by half and leading to the idling of dozens of plants across rural America. A new analysis estimates that U.S. ethanol sales in 2020 could fall by more than $10 billion.
In a conference call for news media on Monday, Renewable Fuels Association leaders discussed the impact of these hits—and what the organization is doing to address this crisis.
RFA Chief Economist Scott Richman will discuss a new analysis assessing the ongoing damage to the industry and providing a look at the impacts on the broader economy.
PRESENTERS
Geoff Cooper, President and CEO, Renewable Fuels Association
Neil Koehler, Chairman, RFA; Co-Founder and CEO of Pacific Ethanol
Mike Jerke, CEO of Southwest Iowa Renewable Energy
Mick Henderson, General Manager, Commonwealth Agri-Energy
Scott Richman, Chief Economist, Renewable Fuels Association
You can listen to and download the call here: RFA Press Call on COVID-19 Impact & Other Issues (58:46)