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State of the Industry Report

State of the Industry Report

Geoff Cooper
Renewable Fuels Association

Transcript

  1. Essential Energy State of the U.S. Ethanol Industry Geoff Cooper

    President and CEO 2021 National Ethanol Conference
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  5. $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 U.S. Weekly Retail

    Sales of Hand Sanitizer Panic Buying Supply Chain Recovery and High Need Out-of- Stocks Source: Information Resources Inc.
  6. “Critical infrastructure describes the physical and cyber systems and assets

    that are so vital to the United States that the incapacity or destruction of such systems and assets would have a debilitating impact on security, national economic security, national public health or safety, or any combination of those matters.”
  7. - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 1981

    1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Million Gallons U.S. Ethanol Production - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Million Gallons U.S. Ethanol Exports Sources: RFA, U.S. Energy Information Administration, U.S. Census Bureau, U.S. Department of Commerce
  8. “We have to move toward net zero emissions. The first

    place to do that by the year 2035 is in energy production…” — President Joe Biden
  9. 1,883 28% 1,799 27% 1,471 22% 659 10% 443 7%

    376 6% Sources of U.S. Greenhouse Gas Emissions Transportation Electricity Generation Industry & Manufacturing Agriculture Commercial Residential Million Metric Tons Percent of Total Source: U.S. Environmental Protection Agency
  10. Source: RFA analysis using Department of Energy data; based on

    annual vehicle miles traveled of 11,824 (AFDC) 5.92 4.60 4.00 2.10 4.01 4.00 2.95 5.60 5.29 4.69 3.80 5.42 4.89 4.31 2.39 0.0 1.0 2.0 3.0 4.0 5.0 6.0 U.S. Avg. W. Virginia mix Kentucky mix U.S. Avg. mix Utah mix Missouri mix U.S. Avg. mix E15 E30 FFV E30 98 RON E85 FFV E15 E30 FFV E30 98 RON E85 FFV E0 Gasoline Battery Electric Plug-in Hybrid Internal Combustion: Corn Ethanol Internal Combustion: Corn Kernel Fiber Ethanol Tons/Year CO2eq. Annual GHG Emissions for Different Vehicle and Fuel Combinations
  11. 0 5 10 15 20 25 30 35 2010 2020

    2030 2040 2050 2020 history projections motor gasoline distillate fuel oil jet fuel electricity other Transportation sector consumption by fuel quadrillion British thermal units 0 2 4 6 8 10 12 14 16 18 2010 2020 2030 2040 2050 2020 history projections electric hybrid plug-in electric hybrid battery electric diesel flex fuel gasoline Light-duty vehicle sales by technology/fuel millions of vehicles Source: Energy Information Administration, 2021 Annual Energy Outlook EIA: Liquid fuels continue to dominate transportation sector through 2050
  12. “Data from satellite sensors show that during the Northern Hemisphere's

    growing season, the Midwest region of the United States boasts more photosynthetic activity than any other spot on Earth.” “Corn plants are very productive in terms of assimilating carbon dioxide from the atmosphere.” Source: Global and time-resolved monitoring of crop photosynthesis with chlorophyll fluorescence Luis Guanter, Yongguang Zhang, Martin Jung, Joanna Joiner, Maximilian Voigt, Joseph A. Berry, Christian Frankenberg, Alfredo R. Huete, Pablo Zarco-Tejada, Jung-Eun Lee, M. Susan Moran, Guillermo Ponce-Campos, Christian Beer, Gustavo Camps-Valls, Nina Buchmann, Damiano Gianelle, Katja Klumpp, Alessandro Cescatti, John M. Baker, and Timothy J. Griffis PNAS April 8, 2014 111 (14) E1327-E1333; first published March 25, 2014 https://doi.org/10.1073/pnas.1320008111
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  14. “The RFS is definitely a priority for this administration.” “President

    Biden has not been shy that agriculture will have a seat at the table as we tackle climate, and he’s been specifically focused on biofuels...” — Michael Regan, EPA Administrator Designee
  15. “We need to make sure we’re all driving good cars

    by increasing fuel efficiency and requiring that every car sold in the United States is a flexible fuel vehicle, or FFV, that can run on alternative fuel like E-85.” — Sen. Joe Biden (D-DE), Foreign Relations Committee, 2006