In discussing the environmental benefits of ethanol, let’s not forget: Biofuels go hand-in-hand with healthy economic effects. In this week’s news roundup, we spotlight three stories in which ethanol is—or will soon be—playing a starring role in the larger economic story.

Mexico to see first commercial-scale blending of fuel ethanol

According to Mexican news reports, a number of independent Mexican retailers are importing ethanol from the U.S. to blend with gasoline starting in August 2017.

About 300 retailers in the states of Jalisco, Colima, Michoacan, and Nayarit have signed an agreement to import U.S. ethanol.

The decision to import ethanol follows the Regulatory Energy Commission’s June decision to modify its gasoline specifications to allow ethanol blends up to 10%, though the regulation maintains the ban on using ethanol-blended gasoline in Mexico City, Monterrey and Guadalajara.

Assuming that all four states were to blend ethanol for the rest of 2017 (September through December) at E10, they would need roughly 2-3 mb/d (thousand barrels per day), or around 40 million gallons, of ethanol. Learn more at Stratas Advisors.

Ethanol contributes $623.4M to North Dakota economy annually

North Dakota’s ethanol industry contributes $623.4 million to the economy annually, according to a report from the North Dakota State University Department of Agribusiness and Applied Economics.

“The industry generated $187.7 million of economy-wide personal income and $121.5 million in retail trade activity,” said Deana Weise, executive director of North Dakota Ethanol Council. North Dakota’s ethanol industry is directly responsible for 234 jobs and more than 10,000 indirectly, according to Weise.

North Dakota’s five ethanol plants purchase 40 to 60% of the state’s corn to produce 500 MMgy, according to Weise. Up to 90% of that is exported.

Read more at Ethanol Producer Magazine or the North Dakota Ethanol Council.

India to unveil new biofuel policy soon to be worth $15.6B

India will soon announce a new policy to promote biofuels as part of efforts by the world’s third-largest emitter of greenhouse gases to cut imports of fossil fuels like oil, gas and coal, according to a government minister.

The government aims to develop a biofuel economy worth 1 trillion rupees ($15.6 billion) in the next two years, Oil Minister Dharmendra Pradhan told a conference on renewable energy this week.

India’s top three state-owned oil companies have pledged a combined $2 billion to carry out research to develop biofuel technologies and the government has pledged to guarantee a return on their investments, Pradhan said.

“The roadmap to lower crude oil imports is connected to biofuel,” Pradhan said. India, the world’s third-biggest oil consumer, aims to cut its crude imports by 10% by 2022.

Get more on this story via Reuters.

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Geoff Hayward

Communications Advisor at Novozymes
Geoff writes about Bioenergy for the Communications team at Novozymes. When he isn’t advocating for an industry that’s changing the world for the better, he can be found on a North Carolina bike path or playing slide guitar.