European ethanol market may open up to the US in wake of Abengoa fallout

In the Netherlands, Abengoa’s potential bankruptcy has the European market looking to potential imports to help fill the supply gap withdrawal of the major producer would leave, with the US seen as the main arbitrage opportunity. Brazil’s export capacity is limited at the moment because its crush is ending and is entering the inter-harvest period when its own market is typically tight.  It would take at least a month to bring the mothballed Ensus plant back online, leaving the market ripe for US exports.