Monday, September 26, 2022

Canada: Record demand for bioethanol shoot imports – Bioeconomics

A report from the US Department of Agriculture’s Foreign Agricultural Service’s Global Agricultural Information Network. (USDA) predicted that bioethanol consumption in Canada this year will be 8.6% higher than last year, pushing production capacity closer to its maximum and forecasting that biofuel imports will reach an all-time high. Will go

According to the USDA, bioethanol consumption will be around 3,180 million liters this year, compared to 2,928 million liters in 2021, 2,783 million liters in 2020 and 3,064 million liters in 2019. Thus, the share of biofuels in petrol will be 6.7 per cent this year, from 6.3 per cent last year and 6.2 per cent in 2020.

There are currently 12 bioethanol refineries operating in Canada with a combined production capacity of 1,881 million liters. This number of plants has remained stable since 2018, with capacity remaining at its current level through 2020. Capacity utilization is expected to reach 95.7% this year, up from 93% in 2021 and up from 90% in 2020.

This installed capacity utilization is derived from USDA estimates that estimated Canada’s bioethanol refineries will produce about 1.8 billion liters of fuel ethanol this year, up from 1.75 billion liters in 2021 and 1.698 million liters in 2020. However, production is expected to remain marginally lower. In 2019, 1,891 million liters were produced.

Corn is the main feedstock used to produce fuel ethanol in Canada, with 3.7 million tonnes of grain expected to be consumed this year, up from 3.55 million tonnes in 2021 and 3.352 million tonnes in 2020. Another 560,000 tonnes will be wheat and other cereals. Also move on to fuel ethanol production this year compared to 540,000 tonnes in 2021 and 552,000 tonnes in 2020.

The USDA estimates that ethanol imports will reach 1,600 million liters this year, with 1,480 million liters of fuel ethanol, a new record. Canada imported 1,373 million liters of ethanol last year, including 1,254 million liters of fuel ethanol and 1,256 million liters in 2020, including 1,164 million liters of fuel ethanol.

Canada’s imports of the US fuel ethanol reached 1.3 billion liters in 2021, up 8% from 2020. US imports of the fuel ethanol are expected to increase to 1.5 billion liters in 2022, reaching a new record.

USDA predicts that Canada exports 180 million liters of ethanol this year, including 100 million liters of fuel ethanol. The country exported 178 million liters of ethanol last year, which includes 108 million liters of fuel ethanol and 143 million liters in 2020, which includes 75 million liters of fuel ethanol.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news
- Advertisement -