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DRIVING MORE PROFIT TO YOUR BOTTOM LI NE

Have you produced sanitizers or other higher-end commercial or industrial alcohols during the pandemic?

SOURCE: ETHANOL PRODUCER MAGAZINE

There is no better time to change your financial picture for the upcoming year. Learn how you can optimize and diversify your revenue streams with Fluid Quip Technologies. We transform ethanol facilities to have more profitable bottom lines.

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THE LEADER IN BIOFUEL AND BIOCHEMICAL TECHNOLOGY, ENGINEERING, AND PROCESS SOLUTIONS

FluidQuipTechnologies.com 319-320-7709 oil, has not matched actions with promises, and has given far too many breaks to big oil. One respondent said, “Current administration rhetoric, does not match their actions. No reason to think that will improve if they have another four years and no reelection pressure.” Another wrote, “We need an administration that is going to follow the law and not cave to the oil industry.”

One respondent did say Trump’s support is critical to the ethanol industry. A few others said neither party is friendly to corn or ethanol, and one said politics drive too much.

As for trade, respondents expressed severe concern about China, citing the vitality of exports for U.S. ethanol. “If we don't get international markets opened up it will severely impact American agriculture,” one said. Another responded, “I do not think China was ever realistically going to be a viable source for ethanol exports. There will always be some global market for DDGS.”

Other countries raising trade concerns include Brazil, Canada and Mexico. A few said they have concerns with EU markets, as well.

Moving forward, small refinery exemptions (SREs) prompt intense concern, reported many respondents. Of 29 responses to the question of other policy concerns, 12 centered on SREs. Other responses included trade policy, additional demand loss, E15 or E30 growth, guidelines for USP-grade ethanol, and oil prices.

One respondent likely summed up the mentality of many producers, when they said, “I am concerned about all things these days. Seems like head wind on everything we do.”

Author: Lisa Gibson Editor, Ethanol Producer Magazine 701.738.4920 lgibson@bbiinternational.com

How long do you predict it will take the industry to fully recover (reach normal production levels) from the COVID-19 downturn?

SOURCE: ETHANOL PRODUCER MAGAZINE