The effects on the carbon dioxide (CO2) industry caused by the Covid-19 outbreak are dramatic.
Many businesses have ground to a halt, or slowed significantly, and shortages of common household items are all too common. Gasoline is available, which includes that blended with ethanol, but traffic on the roads is significantly down. All of this impacts the CO2 industry.
As to the closing of businesses, it was announced US ethanol plants are cutting output due to crashing demand, as per the RFA (Renewable Fuels Association). Further, on this subject, the US ethanol producers shut down up to two billion gallons of capacity on an annualised basis, based on figures in late February, on 28thMarch. The biofuel producers are feeling the impact of the energy industry in crisis, due to the attempt to contain the virus, which is driven by a fall in demand for products including gasoline and jet fuel.
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