ADM sees China requiring 11.4 billion liters of ethanol imports from 2020

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