Thread Content
According to analysis agency FO Licht, global ethanol production is expected to be 77.1 million cubic meters in 2008, up from 64.1 million cubic meters in 2007. Of this, 63.4 million cubic meters of ethanol will be used for fuel, compared with 49.5 million cubic meters last year. FO Licht said that US ethanol production in 2008 is expected to be 33.8 million cubic meters, compared with 26 million cubic meters the previous year. Brazilian ethanol production is expected to be 26.1 million cubic meters, up from 22.6 million cubic meters the previous year. Canadian ethanol production is expected to be 1 million cubic meters, up from 700,000 cubic meters last year. EU ethanol production is expected to be 4.5 million cubic meters, up from 3.6 million cubic meters the previous year. China's ethanol production is expected to be 3.9 million cubic meters, compared with 3.8 million cubic meters last year. India's ethanol production is expected to be 2.3 million cubic meters, down from 2.5 million cubic meters in the previous year. Thailand's ethanol production is expected to be 565,000 cubic meters, up from 396,000 cubic meters the previous year. In the EU, France will be the largest ethanol producer, with output expected at 1.5 million cubic meters, compared with 1.2 million cubic meters the previous year. German production is expected to be 820,000 cubic meters, up from 700,000 cubic meters the previous year. Spanish production is expected to be 500,000 cubic meters, compared with 425,000 cubic meters the previous year. UK production is expected to be 400,000 cubic meters, compared with 327,000 cubic meters the previous year. Polish production is expected to be 220,000 cubic meters, compared with 198,000 cubic meters the previous year. Swedish production is expected to be 134,000 cubic meters, compared with 116,000 cubic meters the previous year. Hungarian production is expected to be 125,000 cubic meters, compared with 100,000 cubic meters last year. Italian production is expected to be 100,000 cubic meters, compared with 118,000 cubic meters the previous year. Austrian production is expected to be 820,000 cubic meters, compared with 25,000 cubic meters the previous year.
Global ethanol production in 2008 is expected to be 77.1 million cubic meters, up from 64.1 million cubic meters in 2007. Of this, 63.4 million cubic meters of ethanol will be used for fuel, compared with 49.5 million cubic meters last year. The wind is rising fast.
As oil prices skyrocket, more and more ethanol will be used for fuel.
Rising oil prices will create opportunities for alcohol