Ethanol is produced either as a petrochemical or through the fermentation of agricultural goods such as corn, sugarcane and other crops. Ethanol has many industrial applications, but is most commonly used as a motor fuel component which is added to gasoline.
Today, most US cars run on gasoline comprising up to 10 percent ethanol, known as E10. However, in some countries gasoline blends with up to 85 percent ethanol (E85) are also available.
The United States is both the largest consumer of gasoline, accounting for about two fifths of the world’s consumption on an annual basis, as well as the largest single renewable fuel market in the world. In 2012, the country switched to become a net importer of ethanol from being a net exporter the previous year, thus reflecting its growing domestic demand. Brazil is currently the world’s second largest ethanol producer while Europe, Africa and the fast growing Asian economies are rapidly moving into this expanding market.
Ethanol has been part of our trading portfolio since 2001. In that time we have seen global supply and demand grow exponentially.
Our US ethanol business has a presence in New York, Chicago, Houston, San Francisco and Los Angeles. We offer ethanol storage, supply and distribution in each of these key markets. For both fuel and industrial ethanol, our growing presence across Europe and Asia enables us to offer a unique service to supply customers around the world. In addition, we have acquired renewable fuel blending capability in Europe, the Middle East, Africa and Asia.