A new analysis released by the Renewable Fuels Association shows the devastating impact COVID-19 pandemic restrictions continue to have on ethanol producers, with losses nearing $4 billion.
RFA Chief Economist Scott Richman authored the white paper which shows ethanol production dropped by two billion gallons between March and November this year, which meant a 700-million-bushel decline in the use of corn for ethanol. He stressed that while this report looks at a one time period, the effects of the pandemic will continue for a long time to come.
In this edition of the Ethanol Report, Richman talks about the damage done to the ethanol industry this year and what the future might hold.Ethanol Report 12-15-20 (21:36)
The Ethanol Report is a podcast about the latest news and information in the ethanol industry that has been sponsored by the Renewable Fuels Association since 2008.
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