Growth Energy continues to work in conjunction with other industry leaders to raise awareness and bolster the reputation of biofuels overseas, while also advising foreign governments on how to successfully implement smart biofuels regulations and legislation. The goal is to drive market growth outside our borders, and we have seen that effort pay dividends. The U.S. exported 1.7 billion gallons of ethanol in 2018, marking the second-consecutive year of record-setting exports. Over the last two years, ethanol exports have grown over 60 percent.
Over the next 10 years, there is the potential for more than 15.2 billion gallons of new international ethanol demand which would translate to more than 5 billion bushels of new potential corn demand.
The 15.2 billion gallons of potential new international ethanol demand only accounts for seven countries that Growth Energy has designated as priority markets and does not take into account other smaller markets that may arise across the globe.
Growth Energy will continue to work with key industry partners like the U.S. Grains Council to advocate for sound policies and practices that will see continued international growth for U.S. ethanol and corn demand.