UK’s meat and beverages industries to be hit by ethanol plant closures following US trade deal

In the UK, Bloomberg reports that the impending closures of the country’s two largest ethanol plants due to significantly increased imports from the US following a new UK-US trade deal allowing for duty-free imports will also threaten other industries such as beef and beer production. The two ethanol plants represent 80% of the country’s CO2 production, which is already a tight market in Europe, and will impact the country’s meat processing plants as well as soft drink and beer producers who use CO2 in their drink production.