New numbers show that, globally, ethanol production will be up just slightly this year. In the Global Renewable Fuels Alliance’s Global Annual Ethanol Production Forecast, the group that represents about two-thirds of the world’s ethanol production in 44 countries says production of the green fuel should hit 85.2 billion litres in 2012. This comes despite the worries about the world’s economy:
“While the world’s financial health continues to preoccupy policy makers and governments, the global ethanol industry continues to be a bright spot in the world economy. It continues to grow, supporting nearly 1.4 million jobs and contributing $277.3 billion to the global economy in 2010,” said Global Renewable Fuels Alliance spokesperson, Bliss Baker.
“The GRFA’s 2012 production forecast sees global ethanol production continuing to displace the need for hundreds of millions of barrels of imported crude oil, further reducing our crippling reliance on foreign oil,” said Baker. “Policy makers and governments must recognize the significant contribution biofuels are making to the global economy while reducing the world’s foreign oil consumption,” added Mr. Baker.
The United States and Brazil continue to be the largest producers of ethanol with production continuing at a steady pace in 2012.
The report highlights that Africa will see a 36 percent increase in ethanol production, although the continent remains relatively low compared to the big producers of ethanol. Europe is expected to see an 11 percent increase in ethanol production.