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Diane Publishing Books
Biofuel Use in International Markets: The Importance of Trade
Jayson Beckman (au)
Global biofuel production rose tremendously over 2001-13, led by rapid growth in the U.S. and the European Union (EU). Brazil, the second largest biofuel producer, doubled its production in that span. A favorable business and policy climate from 2001 to 2010 helped fuel the large increase in biofuel production. Various factors caused U.S. consumption to slow after 2011. This report shows that the U.S. became a net exporter of biofuels for the first time in 2010. While the U.S. exports ethanol, it concurrently imports ethanol to meet mandates for biofuels. With the EU imposing countervailing duties, recent U.S. biofuel exports have gone to Canada and other countries. U.S. ethanol production and exports both remained strong in the face of falling gasoline prices in 2014. However, continuation of a strong export market is contingent on plant capacity and biofuel policies. Figures and tables. This is a print on demand report.
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