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GRFA said in the report that the annual global ethanol production has exceeded 536 million barrels.
GRFR spokesperson Bliss Baker said, “This industry is still continuing to develop, providing nearly 1.4 million jobs and contributing US$ 277.3 billion to the global economy in 2010.â€
Baker said, "According to GRFA's production in 2012, it is expected to see global ethanol production continue to replace the import of millions of barrels of crude oil, which will further reduce our dependence on foreign crude oil. Policy makers and governments must realize that biofuels The global economy has made a significant contribution while at the same time reducing foreign crude oil consumption."
The report shows that the United States and Brazil continue to be the world's largest producers of ethanol.
Global ethanol production increases 1% this year
According to the latest report of the Global Renewable Fuel Alliance (GRFA), global ethanol production is expected to increase by 1% in 2012 to 22.5 billion gallons.