22 February 2012 22:49 [Source: ICIS news]
ORLANDO, Florida (ICIS)--US ethanol exports reached a record 1.1bn gal (4.2bn litres) in 2011, more than 600m gal over the previous record of 396m gal set in 2010, an industry group said on Wednesday.
The Renewable Fuels Association (RFA) said the rise in US ethanol exports "stems from the cost-efficient nature of US ethanol and the rising world sugar price".
"Forecasts for 2012 and beyond strongly suggest this dynamic will continue," the RFA said in its 2011 Ethanol Industry Outlook.
The publication was released at the 2011 National Ethanol Conference in Orlando, Florida.
"As the low-cost producer of ethanol, and with excess supply, American ethanol producers have emerged as the world’s most reliable and cost-effective source of ethanol," the RFA said in its outlook. "This is creating both friction and opportunity in other nations."
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