In China, Archer Daniels Midland expects China will need to import 11.4 billion liters of ethanol annually from 2020 in order to meet its 10% ethanol-blending mandate because it can only double to its current production to around 7.6 billion liters. Demand for the mandate is estimated at 19 billion liters. The US is a likely origin for those imports as China seeks to reduce its US trade deficit. Canada also sees increased demand as an opportunity for its industry to export.
Category: Fuels