US Grains Council sees ethanol production not returning to pre-COVID levels until 2022

In Washington, Reuters reports the US Grains Council told a Platts virtual event that it doesn’t believe global ethanol production will recover to pre-COVID levels until 2022 while 2020 production will be 20% lower on the year. The USGC says more than 250 ethanol plants around the world have been shut down as a result of the global pandemic, with production 23 billion liters lower this year. Ethanol production in the US, however, is only currently off by about 10% compared to last year.