2019 was supposed to be a good year for US ethanol producers but trade war complications, a controversial domestic biofuel policy, over-supply and other factors got in the way. Now, some of the issues are clearing up, particularly in the international markets. China is preparing to resume purchases of US ethanol; Mexico is close to lifting the ban for E10 petrol in its three top cities; ethanol-blended fuels are gaining traction in other markets; Japan has opened its door to US ethanol; and US stockpiles have fallen aided by plant closures. With such catalysts, 2020 could be the breakout year the US ethanol industry has been waiting for.
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