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The United States Leads in Fuel Ethanol Production for 2024

November, 2024

Fuel Ethanol Market

Countrywise Daily Ethanol Production, 2024 ( in 1000 Barrels)

Ethanol is made up of corn, which is mainly part of the makeup of gasoline. Fuel ethanol has significant advantages in the market, such as improved fuel economy and increased thermal efficiency. These are some of the leading reasons to fuel the market's growth globally. Further, ethanol can be applied as a bio-based additive in the automotive and transportation industry to minimize carbon emissions from gasoline. Furthermore, technological advancements in the production process have aided in the conversion of cellulosic biomass into ethanol. It makes ethanol fuel more efficient, scalable, and cost-effective.

  • According to the data published by the Indian Ministry of Petroleum and Natural Gas, carbon emissions have seen significant drop of 318.2 lakh tons in the past 8 years, highlighting advantages of using biofuels.
  • In May 2024, as per the data shared by the renewable fuels association, the average cost of wholesale ethanol in the nation was around USD 1.20 per gallon lower than the petroleum gasoline blendstock, showcasing the dominance of ethanol in the global fuel market.
  • In the U.S. production of ethanol currently stands at 876 thousand barrels per day and consumption rate is 838 thousand barrels. Most gasoline in the US contains 10% ethanol.

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