国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

U.S. ethanol industry expects normal China trade to boost exports growth

Source: Xinhua| 2019-06-24 09:41:45|Editor: Yang Yi
Video PlayerClose

U.S-ATLANTIC-ETHANOL INDUSTRY-CHINA TRADE

A truck transporting corn moves at an ethanol plant of Elite Octane, LLC. in Atlantic, Iowa, the United States, June 18, 2019. The U.S. ethanol industry hopes to see an early resolution to the ongoing trade tensions between China and the United States in order to win a big share of the booming Asian market, industry insiders have said. (Xinhua/Wang Ying)

DES MOINES, the United States, June 23 (Xinhua) -- The U.S. ethanol industry hopes to see an early resolution to the ongoing trade tensions between China and the United States in order to win a big share of the booming Asian market, industry insiders have said.

"We'd love to develop the (Chinese) market and be a key supplier," Nick Bowdish, president and CEO of Elite Octane, LLC, told Xinhua recently at his ethanol plant in Atlantic, a small city in the U.S. state of Iowa.

Ethanol, a type of alcohol produced from corn, is often mixed with gasoline as biofuels, such as the widely-used E10, a blend of 10 percent ethanol and 90 percent gasoline. It has been proved to be able to greatly reduce air pollution from vehicle emissions.

As a privately-held company opened in 2018, Elite Octane produces 150 million gallons (around 567 million liters) of ethanol out of some 50 million bushels of corn (127,000 metric tons of corn) every year at the plant located in the U.S. heartland with abundant corn production, according to Bowdish.

The United States stands out as a top ethanol producer and consumer in the world. Bowdish said that China has been a "terrific market" for U.S. ethanol in the past few years as the country has stepped up efforts to promote clean energies.

In September 2017, China announced a plan for nationwide use of E10 by 2020, which would require a considerable amount of imports.

"I'm hugely supportive of China's initiative to go to a 10 percent ethanol blend," said Bowdish, noting that he was speaking from not only the perspective of a producer, but also that of a consumer because "it burns cleaner."

Rodney Williamson, director of research and development at Iowa Corn Promotion Board, shared a similar view. In an interview with Xinhua at his office in Johnston, Iowa in late April, Williamson said that China's ambitious plan is going to increase the consumption of ethanol in the country significantly, and to create a market for U.S. ethanol.

China imported over 278 million gallons (around 1.05 billion liters) of U.S. ethanol from 2015 to early 2018 before the U.S.-initiated trade frictions with China, which has led to a suspension of ethanol trade, according to the U.S. Energy Information Administration.

The past year has "not been what we want trade relations to be between our two countries," lamented Bowdish. "I don't think either one of us is paying the price alone."

He expressed hope that a trade deal could be made between the two countries as soon as possible, simply because "trade is a good thing" which leads to win-win results.

"We can be a key supplier (of ethanol) to China, and China does a lot of terrific things in manufacturing and other industries that our consumers can benefit from. So we need to work together," he added.

Williamson said that ethanol exports provide U.S. corn farmers with a greater market. "Our goal is to try to open doors, open markets, create opportunities for farmers to trade their commodities," he said.

"We think that there's mutual benefit from trade with China, and we hope that there's going to be a deal (between China and the United States)," he added.

   1 2 3 4 5 6 7 8 9 10 Next  

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001381682451
主站蜘蛛池模板: 遵化市| 安宁市| 新闻| 阿克陶县| 邢台市| 汤阴县| 咸宁市| 即墨市| 通海县| 来宾市| 宿迁市| 天峻县| 凭祥市| 景宁| 莲花县| 赤水市| 米林县| 岳阳县| 克拉玛依市| 钟山县| 宝坻区| 永泰县| 永仁县| 广平县| 庆城县| 巴林左旗| 元谋县| 泽库县| 平远县| 武威市| 宁强县| 即墨市| 通榆县| 张家口市| 五大连池市| 商城县| 汤原县| 南郑县| 曲周县| 宣恩县| 沙雅县|