HOUSTON (ICIS)--The US and European ethanol markets are facing margin pressure amid elevated feedstock costs, resulting in falling production rates.
The fallout from the winter storm in Texas in late February is also pressuring the US market as producers sold off their natural gas supplies and logistics were disrupted.
US ethanol production fell nearly 28% week on week, according to the US Energy Information Administration (EIA), as producers lowered rates due to a storm in the US Gulf.
Meanwhile, demand in Europe is falling due to lockdowns.
Ethanol experts Nazif Nazmul and Alex Snodgrass discuss this and more in this podcast interview by Anna Matherne.