ethanol: a 21st century fuel for a 21st ... - sire, llc70. 71. 105. 626. 1147. 1800. 0. 400. 800....
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ETHANOL:
A 21st Century FuelFor a 21st CenturyConsumer
SIRE
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Strong Relationship Between Ethanol Growth and Corn Prices
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Avg Corn Price
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Global Wheat, Corn & Soybeans —Surplus
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Ethanol has potential to absorb higher productionBiofuel is growth market for cornE15 near term growth driver
• 6-7 billion gallons of new ethanol demand
• More than 2 billion bushels of new corn demand
E15 sets up E30 market
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At Home
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SITESE15 RETAIL ADOPTIONDoubled the size of the E15 market for fourth year in a rowWorking with 12 of the 20 largest retailers
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More than 1,300 sites
29 statesThe sites sell more than 4 billion gallons of gasolineAverage site sells 2.4 million gallons of gasoline vs. industry average of 1 million annually
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SITESE85 ADOPTIONGROWING BLENDS
E85 sites growing too thanks to Prime the Pump
• New retailer chains selling E85
• More E85 sold per site due to more dispensers
Infrastructure is ready for when Mid Level Blends are available
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Outside of the U.S.A.
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Background • INFORMAL PARTNERSHIP:
• Growth Energy, USGC, RFA, USDA/FAS
• Exports recognized as best source of new demand for ethanol and grain
2014: Established Ethanol Export Steering Committee
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2017 EXPORTS: 1.37 BILLION GALLONS
BRAZIL (32.6%)
PERU (4.0%)
MEXICO (2.2%)
CANADA (24.0%)
UAE (1.9%)
CHINA (1.8%)
INDIA (12.6%)
SOUTH KOREA (3.8%)
PHILIPPINES (5.2%)
NIGERIA (2.1%)
Source: EIA
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Ethanol Exports by Major Market
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Rest of WorldSecondary Markets *MexicoJapanIndiaChinaCanadaBrazil
Million gallons
* Colombia, E.U., Peru, Philippines, S. Korea, Vietnam