World Ethanol Market

World Ethanol Market

This report analyzes the worldwide markets for Ethanol in Millions of Gallons. The specific end-use segments discussed are Solvent, Chemical Intermediate, Fuel, Food & Beverage, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East and South American. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 240 companies including many key and niche players worldwide such as Abengoa Bioenergy Corporation, Açúcar Guarani S/A, AltraBiofuels, Ancom Berhad, Archer Daniels Midland Co., Aventine Renewable Energy, Inc., Cargill, Inc., Chief Ethanol Fuels, Inc., Copersucar, Cosan S/A Ind. e Comércio, Delta-T, Glacial Lakes Energy, LLC, Greenfield Ethanol, Inc., Green Star Products, Inc., ICrystal, Inc., MGP Ingredients, Inc., Orkla AS, POET Ethanol Products, Santelisa Vale, Sasol Ltd., Southridge Ethanol, Inc., Tiger Renewable Energy, Ltd., Usina São Martinho S/A, VeraSun Energy Corp., and White Energy, Inc. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

ETHANOL MCP-2058
A GLOBAL STRATEGIC BUSINESS REPORT


CONTENTS


I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Solvents I-4
Chemical Intermediaries I-4
Fuel I-4
Food & Beverages I-4
Others I-4


II. EXECUTIVE SUMMARY

1. Market Overview II-1
Rising Ethanol Industry II-1
US – The Largest Producer of Ethanol II-2
Table 1: World Ethanol Production (2006): Annual Production
by Leading Regions for US, Brazil, China, EU, India, and Rest
of World in Million Gallons (includes corresponding
Graph/Chart) II-2
World Ethanol Market: A Peek into New Plant Establishments
Undertaken in Year 2005 &2006 II-2
World Ethanol Market: Plant Capacity Expansion Plans
Undertaken in the Year 2006 II-3
US – Registering Impressive Consumption Rates II-3
Demand by End-use Markets and Applications II-3
Applications of Ethanol in Automobiles II-3
Ethanol Profitability II-4
Worldwide Usage of Ethanol II-4
Production Trends II-4
Factors Influencing Worldwide Ethanol Demand (On a Scale of
1-10) II-5

2. Global Market Trends II-6
Coal Burned Ethanol -Catches Fire II-7

3. Alternative Fuels - An Emerging Concept II-8
Ethanol II-8
Methanol II-8
Ethanol Vs Methanol II-8
Methyl Tertiary Butyl Ether (MTBE) II-9
Tertiary Amyl Methyl Ether (TAME) II-9
Ethyl Tertiary Butyl Ether (ETBE) II-9
Gas-to-Liquids Fuels (GTL) II-9
Bio-diesel II-9
Aromatic Hydrocarbons II-10
Methylcyclopentadienyl Manganese Tricarbonyl (MMT) II-10
Natural Gas and Propane II-10
Comparison of Fuel Options II-10
Ethanol Preferred to Conventional Sources of Fuel II-11

4. Product Overview II-13
Ethanol - An Alcohol with a Hydroxyl Group II-13
Physical and Chemical Properties II-13
Blended Ethanol II-13
Common Grades of Ethanol II-13
Industrial-Grade Ethanol II-13
Neutral Spirit II-14
Anhydrous Ethanol II-14
Fuel-Grade Ethanol II-14
Beverage-Grade Ethanol II-14
Environment-Friendly Fuel II-14
Environmental Effects of Ethanol and Gasoline II-14
By-Products Formed During Ethanol Manufacturing II-15

5. Sources of Ethanol II-16
Corn - A Major Source of Fuel-Ethanol II-16
Table 2: US Corn Usage In Ethanol Production from 2000-2007
in Million Bushels (includes corresponding Graph/Chart) II-16
Corn Ethanol - A Positive Net-Energy Generation Process II-16
Sugarcane – Another Major Ethanol Source II-17
Cellulosic Materials for Ethanol Production II-17
Other Sources II-17

6. Production Processes II-18
Fermentation II-18
Dry Milling II-18
Wet Milling II-19
Extractive Fermentation II-19
Synthetic Process II-20
Emerging Production Technologies II-20

7. Applications of Ethanol II-21
Solvents II-21
Table 3: World Ethanol Sales for Solvents by Geographic
Region 2006 & 2007: Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific, Middle East and
South America (includes corresponding Graph/Chart) II-21
Chemical Intermediaries II-22
Table 4: World Ethanol Sales for Chemical Intermediates by
Geographic Region 2006 & 2007: Percentage Breakdown of Volume
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East and South America (includes corresponding Graph/Chart) II-22
Fuel II-22
Table 5: World Ethanol Sales for Fuel Applications by
Geographic Region 2006 & 2007: Percentage Breakdown of Volume
Sales for US, Canada, Japan, Europe, Asia-Pacific, Middle
East and South America (includes corresponding Graph/Chart) II-23
Effective Energy Producer II-23
Effective Gas Line Anti-freeze II-24
Octane Enhancer for Engines II-24
Excellent Cleaning Agent II-24
Equally Beneficial for Old and New Engine Technology II-24
Transportation Fuel II-24
In gasoline vehicles II-24
In Special Factory-Produced Vehicles II-24
As A Gasoline Component II-25
Food & Beverages II-25
Table 6: World Ethanol Sales for Food & Beverage Applications
by Geographic Region 2006 & 2007: Percentage Breakdown of
Volume Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East and South America (includes corresponding
Graph/Chart) II-25
Others II-25
Table 7: World Ethanol Sales for Other Applications by
Geographic Region 2006 & 2007(E): Percentage Breakdown of
Volume Sales for US, Canada, Japan, Europe, Asia-Pacific,
Middle East and South America (includes corresponding
Graph/Chart) II-26
Disadvantages II-26

8. Benefits of Ethanol II-27
Environmental Benefits II-27
To Reduce VOC Emissions II-27
Emissions Reductions From Low-Level and High-Level Ethanol
Blends II-27
Consumer and Economic Benefits II-27
Agricultural Benefits II-28
Energy/Trade Benefits II-28

9. Pricing Scenario II-29

10. Regulatory Environment II-30
United States II-30
Canada II-30
Europe II-30
Brazil II-30

11. Research & Development in the Recent Past II-31
MBI International Introduces The Quick Germ Process For
Drymill Ethanol Production II-31
Iogen Develops New Method for Ethanol Production II-31
AAE Technologies Introduces Ethanol-Diesel Blending Additives II-31
Advanced Bio-ethanol-An Emerging Technology II-31
RIITE Develops Process For Ethanol Production II-32
Ox Diesel - An Eco-friendly Ethanol Blend II-32
Diesel Additives II-32
Ethanol Powered Airplane II-32
Ethanol Does Not Contaminate Water II-32
Ethanol from Sewage II-32
New Fuel Additive from American Technologies Group II-33
At the University of Saskatchewan II-33
Genahol and Arizona State University to Jointly Study Fuel Demand II-33
At the Southwest Research Institute II-33
Research to Develop Alternative Fuel Sources II-33
New Production Process from Agrol and Bioengineering II-34
Co-product Research in the US and Canada II-34

12. Recent Industry Activity II-35
Verasun Energy Announces Merger with US Bioenergy II-35
White Energy Commences 100-Million-Gallon Ethanol Plant in Texas II-35
AltraBiofuels Starts Production in Ohio II-35
Xethanol Invests in Consus Ethanol II-35
Tata Chemicals to Set Up Ethanol Plant Asia Pacific II-36
Arcoy Biorefinery to Establish Ethanol Unit in Gujarat II-36
GSPI Acquires Technology License from BTR II-36
Lignol to Set-Up Cellulosic Ethanol Plant II-36
Abengoa Bioenergía Acquires Dedini Agro II-36
VeraSun Energy Acquires Ethanol Plants from ASAlliances II-36
Janus Capital Acquires Stake in Cosan II-37
Odebrecht Acquires Majority Stake in Alcidia Sugar and Ethanol
Plant II-37
Shree Renuka Purchases Ethanol Plant II-37
Praj Forms Joint Venture with Jaragua II-37
US BioEnergy Commences Ethanol Production in Nebraska II-37
Corporacion Azucarera Acquires Stake in Cartavio II-37
CEB Purchases Ethanol Plant at Parana II-37
Usina Boa Signs Ethanol Purchase and Sale Agreement II-38 with
Mitsubishi II-38
Frontier Oil Acquires Ethanol Management II-38
LD Commodities Acquires Four Sugar and Ethanol Plants II-38
Hong-Kong Noble Group Acquires Usina Petribu II-38
US Bioenergy Opens New Ethanol Plant in Iowa II-38
Dedini and Vaperma Collaborate to Improve Ethanol Production
in Brazil II-38
GLE Completes Expansion of South Dakota Ethanol Plant II-39
Ethanex Energy Inks Marketing Agreement with Eco-Energy II-39
Acucar Opens Fifth Sugar and Ethanol Mill in Brazil II-39
Abengoa Bioenergy Establishes Pilot Plant in Nebraska II-39
Ampal to Acquire Stake in Merhav’s Ethanol Plant II-39
Mae Sot Clean Energy to Set-Up Ethanol Plant in Tak II-39
Petrobras and Samsung Ink MoU for Ethanol Exports II-39
Bharti, Reliance, Tata Eye Bihar Sugar Mills II-40
Ethanex to Acquire Nebraska Ethanol Plant II-40
Niger Government to Build Ethanol Plant II-40
Brenco to Unveil Three New Ethanol Plants Latin America II-40
CNPC to Acquire Stake in Tianguan II-40
Rex to Construct New Ethanol Plant II-40
Eastern Petroleum to Tie Up with Guanxi Estate Farm II-41
Acucar Guarani to Expand Ethanol and Sugar Cane Production II-41
Brazil to Setup 4 New Ethanol and Sugar Plants II-41
For the People LLC to Construct Ethanol Plant II-42
Ethanex Energy to Set-Up Ethanol Plant in Illinois II-42
European Commission Approves EDF EN- Alcofinance Ethanol JV II-42
Abengoa Bioenergia Inks Ethanol Contract II-42
Petrobras Approves Five New Ethanol Plants II-42
Shetimal Prakriya Kharkhana to Construct a New Ethanol Plant II-43
Alconi to Build Ethanol Factory in Calabar II-43
Beihai Gofar to Set Up Ethanol Plant II-43
Abengoa to Sell Ethanol Plant in New Mexico II-43
Petrobras Inks Ethanol Supply Agreement with BPCL II-43
Cornhusker Energy to Expand Lexington Ethanol Plant II-43
Petrobras to Produce Ethanol II-44
US BioEnergy Acquires Millennium Ethanol II-44
Bateman Acquires Delta-T Corporation II-44
Bien Hoa and Fair Energy to Set-Up Ethanol Plant in Vietnam II-44
RCA Global to Set Up New Ethanol Plant in Thailand II-44
NNPC to Set-Up Ethanol Plant in Benue State II-45
Usina Navirai to Establish New Ethanol Plant II-45
Jamaica Broilers Opens Ethanol Plant II-45
Ambuja Exports to Set up Ethanol Plant II-45
Campos Chilenos to Construct Ethanol Plant II-45
FPL Energy to Convert Citrus Waste into Ethanol II-45
Cargill to Enlarge Ethanol Plant in Iowa II-46
Celunol and Diversa Complete Merger II-46
Greenfield Project Management and Belbiopharm to Form Two
Joint Ventures II-46
Tiger Ethanol Starts Construction of Ethanol Plant in China II-46
ACP to Set-Up Sugarcane Mill in Sao Paulo II-46
Pdvsa to Acquire 10% Stake in Alur II-47
E3 Biofuels Opens Ethanol Plant in Nebraska II-47
Zancaner Increases Stake in Unialco II-47
New Energy Sells Indiana Ethanol Plant II-47
Bacs-Bio-Etanol to Set Up Bio-Ethanol Plant II-47
Global Renewable Receives Approval to Build Ethanol Plant in
Sharon II-47
Abengoa Bioenergy Inks Bioethanol Supply Agreement II-48
Chevron and Texas A&M Form Strategic Biofuel Research Alliance II-48
Cargill to Produce Ethanol at Barby Plant II-48
Cosan to Expand Ethanol Production II-48
Etanol Participacoes Acquires Usina Santa II-48
Willmott Forests Acquires Majority Stake in Ethtec II-49
Brazilian Sugar and Ethanol Mills Plan to Merge II-49
Itochu and Petrosetco to Set-up Ethanol Plant in Vietnam II-49
Petrobras Inks MoU with JBIC II-49
COFCO to Emerge as Ethanol Major II-49
United Ethanol Inks Definitive Agreement with U.S. Sustainable
Energy Corp II-49
Medco to Set-Up Ethanol Plant in East Java II-50
Ondo Inks MoU with NNPC II-50
Sea Horse to Set-Up Ethanol Plant II-50
Indian Gasohol to Build 10 Ethanol Plants in Bihar II-50
LanzaTech to Convert Carbon Monoxide to Ethanol II-50
Medco to Invest US$400 Million to Boost Ethanol Production II-50
Coimex to Foray into Ethanol Business II-50
Brazil-Japan Ethanol Co. to Manufacture Bioethanol in SE Asia II-51
ABRD Inks R&D Agreement with Dyadic II-51
Abengoa and Ford Spain Enters into Cooperation Agreement II-51
Abengoa’s Biocarburantes Facility Commences Bioethanol Production II-51
U.S. Biofuels to Acquire Beatrice Biodiesel II-51
US BioEnergy to Purchase Remaining Shares in Val-E II-51
Honda and RITE Jointly Develop New Ethanol Production Technique II-52
Diversified Ethanol Shifts Headquarters to New Building II-52
San Carlos to Setup a New Bio-Ethanol Plant II-52
Diversified Ethanol Acquires New Ethanol Plant II-52
E4World takes over Xcelplus Global II-52
SunOpta to Divest Cellulosic Ethanol Plant to CRAC II-53
Global Ethanol to Setup Ethanol Plant in Iowa II-53
HEO Plans to Setup Ethanol Plant in Canada II-53
Bronzeoak to Setup Ethanol Plant in Southern Bukidnon II-53
Alternative Energy to Construct Ethanol Plant in Illinois II-53
Global Renewable to Set-Up Ethanol Plant in Wisconsin II-54
Andino Sugar Acquires Lacassine Sugar Mill II-54
White Energy Acquires U.S. Energy Partners II-54
Quadra Energy Purchases Wittig Energy II-54
CHS Acquires 28% Stake in U.S. BioEnergy II-54
American Ethanol Merges With Marwich II-54
Outlook Signs MoU with Parkland Ethanol II-54
ADM Signs Marketing Agreement with Siouxland Ethanol II-54
ADM Inks Pact with Millennium Ethanol II-55
US BioEnergy to Purchase Val-E Ethanol II-55
NetCo Purchases Assets of Syntec II-55
Global Ethanol Acquires 60% Stake in MGP II-55
Petrobras Forms Joint Venture With Nippon Alcohol II-55
Babcock & Brown Acquires Denco II-55
Bion Join Hands with Fair Oaks II-55
Aventine Signs an Agreement with E³ BioFuels II-56
Human BioSystems to Create Subsidiary for Ethanol Business II-56
Rusni to Manufacture Ethanol from Sweet Sorghum II-56
Earth Ethanol to Acquire Louisiana Ethanol Plant II-56
Cristal Union and Erstein Plans to Merge II-56
Dollex to Double Ethanol Production Capacity II-56
BHL to Invest US$500 Million in Brazil II-56
Alternative Energy to Construct Ethanol Plants II-57
Bunge and Southwest to Set-Up Ethanol Plant II-57
Xethanol Collaborates with PRAJ to Build Cellulosic Ethanol
Plant in Georgia II-57
Coshocton Starts Construction of Ethanol Plant in Ohio II-57
CRREIF to Build Ethanol Plant in New Mexico II-57
Altra Acquires Goshen Ethanol Plant II-57
Maquilagro to Set-Up Ethanol Plant II-57
Earth Ethanol Inks LOI with ABR II-58
Praj to Acquire Ethanol Plants in U.S II-58
Grupo Farias to Invest US$900 Million in Sugarcane Business II-58
SIL to Establish Ethanol Plant II-58
RIL to Set-Up Ethanol Plant in Pune II-58
Cosan Aquires Bom Retiro II-58
EBOF to Build Ethanol Plant in Oklahoma II-58
Xethanol to Increase Ethanol Production in Blairstown Plant II-59
Alternative Energy to Merge with Flex Fuels II-59
Alternative Merges with Beemer Energy II-59
US BioEnergy Acquires Platte Valley II-59
Permolex Acquires Stake in Northeast Biofuels II-59
Kleiner Perkins to Acquire 10% Stake in PRAJ Industries II-59
New Inverness Acquires Ethanex Energy II-59
Ares Partners Acquires Majority Stake in White Energy II-59
James Monroe Acquires Eagle Installation II-60
Xethanol Acquires UTEK’s Advanced Biomass II-60
Goldman Acquires Minority Stake in Iogen II-60
Holt County to Set-Up Two Ethanol Plants in Nebraska II-60
Pure Energy Enters into a JV with Green Star and Bio-Clean Fuels II-60
GRE and Headwaters to Construct Blue Flint Ethanol Plant II-60
Gold Energy Collaborates with US BioEnergy II-60
McNational and Slane to Set-Up Ethanol Plant in Ohio II-61
Hackerproof Acquires Alcar Group II-61
US Biofuels Acquires Beatrice Biodiesel II-61
Marwich to Acquire American Ethanol II-61
Global Ethanol Acquires Coltivare II-61
BorsodChem Acquires Petrochemia-Blachownia II-61
Cosan Acquires Mundial Ethanol and Sugar Plant II-61
Agri-Ethanol to Build Ethanol Plant in Aurora II-62
Bajaj Hindustan to Expand Sugarcane Crushing Capacity II-62
Absolute Energy to Set-Up Ethanol Plant in Lyle II-62
Merrick & Company Opens New Ethanol Plant II-62
Cascade to Acquire Minority Stake in Pacific Ethanol II-62
BCML to Expand Sugar and Ethanol Production Capacity II-62
Baard Renewables to Construct Ethanol Plant II-62
Arizona Grain to Set-Up Ethanol Plant II-62
Andersons to Build Ethanol Plant in Indiana II-63
ACFT to Form JV with OCT Land and Energy Co II-63
Central Indiana to Set-Up Ethanol Plant in Marion II-63
Alcohol Ltd to Build Ethanol Plant in Columbia II-63
Coimex to Construct Ethanol Plant II-63
Thai Oil to Set-Up Ethanol Plant II-63
GTL Acquires Stake in Illinois River Energy II-63
E3 Biofuels Acquires Nebraska BioClean Plant II-63
Xethanol Purchases Xylose Technologies II-64
MECS Acquires Enviro-Chem II-64
Jefferson Grain Processors Acquires Cargill Malt II-64
Aventine Signs Marketing Agreement with Panda Hereford II-64
Pine Lake Corn Starts Ethanol Production in Iowa II-64
Hawkeye Renewables Starts Construction of Second Ethanol Plant
in Iowa II-64
Sterling Ethanol Commences Construction of Ethanol Plant in
Colorado II-64
Frontier Ethanol Starts Construction of Ethanol Plant in Iowa II-64
Mid-Missouri Energy Starts Ethanol Production in Missouri II-65
Husky Energy to Expand Ethanol Plant in Manitoba II-65
North Country Ethanol Restarts Ethanol Production in South Dakota II-65
Liquid Resources Starts Ethanol Production in Ohio II-65
ADM Opts Distribution Partners for 2005 II-65
ADM Announces Ethanol Price Hike II-65
Archer Daniels Midland to Acquire Ethanol Business of Dow II-65
Abengoa Starts Construction of New Ethanol Plant II-66
Northstar Starts Ethanol Production II-66
Horizon Ethanol Starts New Ethanol Plant Construction II-66
New Ethanol Plant in Ord from Fagen Inc II-66
Lyondell Acquires Millennium Chemical II-66
BENP Takes Over SODES II-66
Midwest Grain Processors Expands Ethanol Plant in Iowa II-66
Agri-Energy Starts Construction of Ethanol Plant in Kansas II-67
Central Iowa Renewable Energy Starts Construction of Ethanol
Plant in Iowa II-67
VeraSun Fort Dodge Starts Construction of Ethanol Plant in Iowa II-67
Voyager Ethanol Starts Construction of Ethanol Plant in Iowa II-67
Otter Creek Ethanol Commences Ethanol Production in Iowa II-67
Utica Energy Expands Ethanol Plant in Wisconsin II-67
Iowa Ethanol to Commence New Plant Operations II-67
Ace Ethanol Completes Ethanol Plant Expansion II-67
Australian Ethanol Limited Acquires Australian Biofuels Pty Ltd. II-68
Australian Ethanol Limited to Acquire Tri State Ethanol Project II-68
Suncor to Establish New Ethanol Plant II-68
Accessity Corp. to acquire Pacific Ethanol II-68
Hawkeye Renewables Starts Ethanol Production II-68
Illinois River Energy Constructs New Ethanol Plant II-68
INDCOR purchases Tri-State Ethanol II-69
Bushmills Starts Construction of New Ethanol Plant II-69
Panhandle Energies Constructs New Ethanol Plant II-69
Monsanto Teams Up with General Motors and NEVC II-69
Midwest Renewable Starts Ethanol Production II-69
Broin Cos. To Construct New Ethanol Plants II-69
Brazilian Ethanol Export Terminal To Start Operations II-69
Kisumu Ethanol Plant Starts Production II-70
Granite Falls to Open New Ethanol Plant II-70
New Ethanol Plant from Northern Growers II-70
New Ethanol Plant Commences Operation II-70
James Valley Commences Production Operations II-70
DiamondWorks Acquires Stake in Ethanol Plant in Kenya II-70
Northeast Iowa Starts Ethanol Production II-70
Plover Ethanol Changes Name II-71
ADM Buys Minnesota Corn Processors II-71
Leading Ethanol Producers Form a New Alliance Group II-71
Northern Lights Establishes Ethanol Plant II-71
Michigan Ethanol Launches Ethanol Plant II-71
Adkins Energy Completes Construction of Ethanol Plant II-71
Thailand Grants Ethanol Plant Licenses II-71
JJR Partners Starts Design Operations of New Ethanol Plant II-72
Chevron USA Bags Patents for Reformulated Gasoline Production II-72
Minnesota Corn Mill Ethanol Plant Strikes a Deal With
Environmental Protection Agency II-72
Abengoa Acquires High Plains II-72
Badger State Ethanol Starts Ethanol Production II-72
Marubeni and Tsukishima Kikai Acquire Exclusive Rights from BC
International II-73
India Signs MOU With Brazil for Blending Ethanol With Diesel II-73
Williams Bio-Energy Inks Marketing Agreement with Tri-State
Ethanol II-73
Williams Co. Inks Pact with Ace Ethanol II-73
Williams Bio Energy Signs Agreement with Kinder MorganEnergy
Partners II-73
High Plains Corp. Upgrades Ethanol Plant II-73
Staley Manufacturing Increases Ethanol Capacity II-74
Dakota Ethanol Commences Ethanol Plant Operations II-74
Henan Nanyang Tianguan Group Corp. Begins Production II-74
Novozymes Biotech Develops Enzymes For Conversion of Biomass
to Ethanol II-74
Cubacol and Fine Alcohol Distillery Joint Venture Begins
Operations II-74
Abengoa and Azucarera Ebro Agricolas Form a Joint Venture II-74
Cuban-Spanish Joint Venture Starts Operations II-74
High Plains Sells Portales Ethanol Facility II-74
Japanese Researchers Produce Ethanol Thirty times more
Efficiently II-75

13. Focus on Select Players II-76
Abengoa Bioenergy Corporation (USA) II-76
Açúcar Guarani S/A (Brazil) II-76
AltraBiofuels (USA) II-76
Ancom Berhad (Malaysia) II-76
Archer Daniels Midland Co. (USA) II-77
Aventine Renewable Energy, Inc (USA) II-77
Cargill, Inc. (USA) II-77
Chief Ethanol Fuels, Inc. (USA) II-78
Copersucar (Cooperativa de Produtores de Cana-de-Açúcar,
Açúcar e Álcool do Estado de São Paulo) (Brazil) II-78
Cosan S/A Ind. e Comércio (Cosan S/A) (Brazil) II-78
Delta-T (USA) II-78
Glacial Lakes Energy, LLC (USA) II-79
Greenfield Ethanol, Inc. (Canada) II-79
Green Star Products, Inc. (USA) II-79
ICrystal, Inc. (USA) II-80
MGP Ingredients, Inc. (USA) II-80
Orkla As (Norway) II-80
POET Ethanol Products (USA) II-80
Santelisa Vale (Brazil) II-80
Sasol Ltd. (South Africa) II-81
Southridge Ethanol, Inc. (USA) II-81
Tiger Renewable Energy, Ltd. (Canada) II-81
Usina São Martinho S/A (Brazil) II-81
VeraSun Energy Corp. (USA) II-82
White Energy, Inc. (USA) II-82

14. Global Market Perspective II-83
Table 8: World Recent Past, Current & Future Analysis for
Ethanol by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/ Africa and South
American Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-83

Table 9: World Long-term Projections for Ethanol by Geographic
Region – US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East/Africa and South American Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2011 through 2015 (includes corresponding
Graph/Chart) II-84

Table 10: World Recent Past, Current & Future Analysis for
Ethanol by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/ Africa and South
American Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2001 through 2010 (includes
corresponding Graph/Chart) II-85

Table 11: World Long-term Projections for Ethanol by
Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and South American
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-86

Table 12: World Historic Review for Ethanol by Geographic
Region – US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East/Africa and South American Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 1991 through 2000 (includes corresponding
Graph/Chart) II-87

Table 13: World Historic Review for Ethanol by Geographic
Region – US, Canada, Japan, Europe, Asia- Pacific (excluding
Japan), Middle East/Africa and South American Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 1991 through 2000 (includes corresponding
Graph/Chart) II-88

Table 14: World 15-Year Perspective for Ethanol by Geographic
Region – Percentage Breakdown of Volume Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle
East/Africa and South American Markets for Years 1998, 2008 &
2012 (includes corresponding Graph/Chart) II-89

Table 15: World 15-Year Perspective for Ethanol by Geographic
Region – Percentage Breakdown of Value Sales for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle
East/Africa and South American Markets for Years 1998, 2008 &
2012 (includes corresponding Graph/Chart) II-90

Table 16: World Recent Past, Current & Future Analysis for
Ethanol in Solvents by Geographic Region – US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
South American Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-91

Table 17: World Long-term Projections for Ethanol in Solvents
by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/ Africa and South American
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-92

Table 18: World Historic Review for Ethanol in Solvents by
Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and South American
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 1991 through 2000 (includes
corresponding Graph/Chart) II-93

Table 19: World 15-Year Perspective for Ethanol in Solvents by
Geographic Region – Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East/Africa and South American Markets for Years 1998,
2008 & 2012 (includes corresponding Graph/Chart) II-94

Table 20: World Recent Past, Current & Future Analysis for
Ethanol in Chemical Intermediates by Geographic Region – US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East/Africa and South American Markets Independently Analyzed
with Annual Sales Figures in Million Gallons for Years 2001
through 2010 (includes corresponding Graph/Chart) II-95

Table 21: World Long-term Projections for Ethanol in Chemical
Intermediates by Geographic Region – US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
South American Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2011 through 2015
(includes corresponding Graph/Chart) II-96

Table 22: World Historic Review for Ethanol in Chemical
Intermediates by Geographic Region – US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/ Africa
and South American Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 1991 through 2000
(includes corresponding Graph/Chart) II-97

Table 23: World 15-Year Perspective for Ethanol in Chemical
Intermediates by Geographic Region – Percentage Breakdown of
Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and South American
Markets for Years 1998, 2008 & 2012 (includes corresponding
Graph/Chart) II-98

Table 24: World Recent Past, Current & Future Analysis for
Ethanol in Fuels by Geographic Region – US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
South American Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 2001 through 2010
(includes corresponding Graph/Chart) II-99

Table 25: World Long-term Projections for Ethanol in Fuels by
Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and South American
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 2011 through 2015 (includes
corresponding Graph/Chart) II-100

Table 26: World Historic Review for Ethanol in Fuels by
Geographic Region – US, Canada, Japan, Europe, Middle East
and South American Markets Independently Analyzed with Annual
Sales Figures in Million Gallons for Years 1991 through 2000
(includes corresponding Graph/Chart) II-101

Table 27: World 15-Year Perspective for Ethanol in Fuels by
Geographic Region – Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East/Africa and South American Markets for Years 1998,
2008 & 2012 (includes corresponding Graph/Chart) II-102

Table 28: World Recent Past, Current & Future Analysis for
Ethanol in Food & Beverages by Geographic Region – US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Middle
East/Africa and South American Markets Independently Analyzed
with Annual Sales Figures in Million Gallons for Years 2001
through 2010 (includes corresponding Graph/Chart) II-103

Table 29: World Long-term Projections for Ethanol in Food &
Beverages by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and South
American Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 2011 through 2015
(includes corresponding Graph/Chart) II-104

Table 30: World Historic Review for Ethanol in Food &
Beverages by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East and South American
Markets Independently Analyzed with Annual Sales Figures in
Million Gallons for Years 1991 through 2000 (includes
corresponding Graph/Chart) II-105

Table 31: World 15-Year Perspective for Ethanol in Food &
Beverages by Geographic Region – Percentage Breakdown of
Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and South American
Markets for Years 1998, 2008 & 2012 (includes corresponding
Graph/Chart) II-106

Table 32: World Recent Past, Current & Future Analysis for
Ethanol in Other Applications by Geographic Region – US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East/Africa and South American Markets Independently Analyzed
with Annual Sales Figures in Million Gallons for Years 2001
through 2010 (includes corresponding Graph/Chart) II-107

Table 33: World Long-term Projections for Ethanol in Other
Applications by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and South
American Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 2011 through 2015
(includes corresponding Graph/Chart) II-108

Table 34: World Historic Review for Ethanol in Other
Applications by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and South
American Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 1991 through 2000
(includes corresponding Graph/Chart) II-109

Table 35: World 15-Year Perspective for Ethanol in Other
Applications by Geographic Region – Percentage Breakdown of
Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and South American
Markets for Years 1998, 2008 & 2012 (includes corresponding
Graph/Chart) II-110


III. MARKET

1. The United States III-1
A.Market Analysis III-1
Market Overview III-1
Historic Review III-1
Industry Overview III-1
Rapidly Rising US Ethanol Market III-2
Vital Statistics III-3
Table 36: US Fuel Additives Market (2003-2013): Percentage
Breakdown of Demand in Value by Type-Commodity additives
(Ethanol, MTBE, Biodiesel, and Other Commodities) and
Specialty additives (includes corresponding Graph/Chart) III-3

Table 37: Production of Ethanol in the US: 2000-2006 (In
Million Gallons) (includes corresponding Graph/Chart) III-3

Table 38: US Fuel Ethanol Production Capacity (2007):
Breakdown by Major Producing States for Iowa, Nebraska,
Illinois, South Dakota, Minnesota, Wisconsin, Indiana,
Michigan, Kansas, Missouri, North Dakota and Texas in
Million Gallons (includes corresponding Graph/Chart) III-4

Table 39: US Imports of Ethanol (2005 & 2006): Breakdown by
Region – Brazil, Jamaica, El Salvador, China, Costa Rica,
South Africa, Trinidad and Tobago, Pakistan, Argentina,
Canada, and Others (In US$ Million) (includes corresponding
Graph/Chart) III-4

Table 40: US Imports of Ethanol from Brazil: 2002- 2006 (In
Million Gallons) (includes corresponding Graph/Chart) III-4

Table 41: US Industrial Grade Ethanol Consumption as
Solvent by Category: Percentage Breakdown for 2006 for
Toiletries & Cosmetics, Coatings & Inks, Detergents &
Household Cleaners, Processing Solvents, External
Pharmaceuticals and Miscellaneous (includes corresponding
Graph/Chart) III-5

Table 42: US Industrial Grade Ethanol Consumption as
Chemical Intermediary by Product Category: Percentage
Breakdown for 2006 for Ethyl Acrylate, Distilled Vinegar,
Ethylamines, Ethyl Acetate, Glycol Ethers and Miscellaneous
(includes corresponding Graph/Chart) III-5
Ethanol - A Vastly Polarized Market III-5
Table 43: Annual Production Capacity of Leading US Ethanol
Producers - 2006 (includes corresponding Graph/Chart) III-5

Table 44: Leading Fuel Ethanol Producers in the US (2006):
Percentage Volume Breakdown by Production Capacity for
Archer Daniels Midland (ADM), VeraSun Energy Corporation,
Aventine Renewable Energy, Hawkeye Renewables, ASAlliances
Biofuels, Abengoa Bioenergy Corp., Midwest Grain
Processors, U.S. BioEnergy Corp., Cargill Inc., New Energy
Corp. and Others (includes corresponding Graph/Chart) III-6
Poised for Growth III-6
Ethanol Use Reduces Greenhouse Gas Emissions III-6
California and other States Oil Companies Shift to Ethanol III-7
US Government Backs Ethanol Industry III-7
Government Initiatives Boost Market III-7
DOE to Offer Federal Funding for Five Ethanol Conversion
Projects III-7
Booming Ethanol Market Boosts US Economy III-8
Only Solution for Troubled Oil Market III-8
Corn Prices Influence Profit Margin III-8
Cellulose - An Alternative Fuelstock III-8
DOE to Provide Federal Funding for Six Cellulosic Ethanol Plants III-9
Outlook III-9
Emergence of Renewable Ethanol III-9
Increasing Popularity of Fuel Ethanol Among Auto Manufacturers III-10
Benefits to Consumers III-10
Alternative Fuels - An Emerging Concept III-10
The RFG Program III-10
Use of Fuel Ethanol Endorsed by the US ‘Clean Air Act’ III-11
Ethanol Producers and Consumers (EPAC) III-11
CARB’s Comingling Decision III-11
Minnesota Implements New Regulations to Increase Ethanol
Content in Fuel III-11
Western States - Trend towards Ethanol- Blended Gasoline III-11
Northeast - Focus on Biofuel-Based Ethanol II-12
California - Largest Consumer of Ethanol Blended Gasoline III-12
Ethanol Industry in Iowa: A Boon for Farmers III-12
Table 45: US Ethanol Market (2007 & 2012): Percentage
Breakdown of Demand for Corn in Producing Ethanol III-12
Florida’s Anti-Pollution Measures III-12
Regulatory Environment III-13
Energy Bill Offers Additional Increase in Demand For Ethanol III-13
EPA to Take Enforcement Action Against Ethanol Producers III-13
Wisconsin Law to Boost the Production of Ethanol III-13
Looming Troubles in Ethanol Industry III-14
Is the Green Credibility of Coal-Fired Ethanol Industry At
Risk? III-14
A Recent Past Overview III-14
What Lured Ethanol Players to Enter US Market? III-14
Fuel Ethanol Production in the US III-15
Table 46: US Fuel Ethanol Production Capacity in Million
Gallons (2004 & 2005): Percentage Breakdown by State for
Iowa, Illinois, Nebraska, South Dakota, Minnesota,
Wisconsin, Kansas, Missouri, Indiana, Tennessee, Michigan,
North Dakota, Kentucky, New Mexico, California, Wyoming,
Idaho, Colorado, Washington, Ohio, and Texas (includes
corresponding Graph/Chart) III-15

Table 47: Leading Fuel Ethanol Producers in the US (2004):
Percentage Volume Breakdown by Production Capacity for
Archer Daniels Midland, Aventine Renewable Energy, Inc.,
Cargill, Inc., New Energy Corp., VeraSun Energy
Corporation, Abengoa Bioenergy Corp., Tate & Lyle, Chief
Ethanol, and Others (includes corresponding Graph/Chart) III-16

Table 48: Production of Fuel Ethanol in the US: 2002-2005
(In Million Gallons) (includes corresponding Graph/Chart) III-16
Fuel Ethanol Imports III-16
Table 49: US Imports of Ethanol (2004 & 2005): Breakdown by
Region-Jamaica, Costa Rica, Brazil, El Salvador and
Trinidad-In Million Gallons (includes corresponding
Graph/Chart) III-16
Focus on Key Players III-17
AltraBiofuels III-17
Abengoa Bioenergy Corporation III-17
Archer Daniels Midland Co. III-17
Aventine Renewable Energy, Inc III-18
Cargill, Inc. III-18
Chief Ethanol Fuels Inc. III-18
Delta-T III-18
Glacial Lakes Energy, LLC III-19
Green Star Products, Inc. III-19
ICrystal, Inc. III-19
MGP Ingredients, Inc. III-19
POET Ethanol Products III-19
Southridge Ethanol, Inc. III-20
VeraSun Energy Corp. III-20
White Energy, Inc. (USA) III-20
Strategic Corporate Developments III-20
B.Market Analytics III-42
Table 50: US Recent Past, Current & Future Analysis for
Ethanol by End Use Segment – Solvents, Chemical
Intermediates, Fuel, Food & Beverage, and Other Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2001 through 2010 (includes corresponding
Graph/Chart) III-42

Table 51: US Long-term Projections for Ethanol by End Use
Segment – Solvents, Chemical Intermediates, Fuel, Food &
Beverage, and Other Markets Independently Analyzed with
Annual Sales Figures in Million Gallons for Years 2011
through 2015 (includes corresponding Graph/Chart) III-42

Table 52: US Historic Review for Ethanol by End Use Segment –
Solvents, Chemical Intermediates, Fuel, Food & Beverage,
and Other Markets Independently Analyzed with Annual Sales
Figures in Million Gallons for Years 1991 through 2000
(includes corresponding Graph/Chart) III-43

Table 53: US 15-Year Perspective for Ethanol by End Use
Segment – Percentage Breakdown of Volume Sales for Solvents,
Chemical Intermediates, Fuel, Food & Beverage, and Other
Markets for 1998, 2008 & 2012 (includes corresponding
Graph/Chart) III-43

2. Canada III-44
A.Market Analysis III-44
Historic Review III-44
Ethanol Trade III-44
Table 54: Canadian Imports and Exports of Ethanol for 2005
& 2006 (In US$ Million) III-44
Ethanol Industry - Gaining Momentum III-44
Overall Industry Picture III-44
Competition III-45
Table 55: Canadian Ethanol Industry in the Recent Past:
Production Capacity of Leading Producers for 2004 for
Commercial Alcohols Inc., API Grain Processors, Tembec
Inc., Pound-Maker Agventures and Husky/Mohawk (includes
corresponding Graph/Chart) III-45
Foreign Oil Sources in Canada III-45
Focus on the Use of Automotive Fuels Derived from Renewable
Biological Feedstock III-46
Use of Ethanol in Diesel Engines III-46
Ethanol as a Fuel - Its Future in Canada III-46
Impact of Fuel Ethanol on Different Sectors III-46
Favorable Impact on Economy III-46
Impact of Ethanol-Manufacturing on Food Supply III-47
Leads to Reduced Imports of Feedstock III-47
Impact of Fuel Ethanol on Agriculture III-47
Impact on Grain Prices III-47
Co-Products III-48
Manufacturing and Retailing III-48
Ethanol Manufacturing III-48
Bright Prospects in the Near Future III-48
Retailing Concepts III-48
Regulatory Environment III-49
A Different Approach - The US Vs the Canadian Government III-49
Initiatives Taken from Economic and Environmental Perspective III-49
Gasoline Standards III-49
Regulations Pertinent to the Production and Use of Ethanol
-Blended Fuels III-50
Focus on Key Players III-50
Greenfield Ethanol, Inc. III-50
Husky Energy Inc. III-50
Permolex International, L.P. III-51
Pound-Maker Agventures Ltd. III-51
Tiger Renewable Energy, Ltd. III-51
Strategic Corporate Developments III-51
B.Market Analytics III-53
Table 56: Canadian Recent Past, Current & Future Analysis
for Ethanol by End Use Segment– Solvents, Chemical
Intermediates, Fuel, Food & Beverage, and Other Markets
Independently Analyzed with Annual Sales Figures in Million
Gallons for Years 2001 through 2010 (includes corresponding
Graph/Chart) III-53

Table 57: Canadian Long-term Projections for Ethanol by End
Use Segment – Solvents, Chemical Intermediates, Fuel, Food &
Beverage, and Other Markets Independently Analyzed with
Annual Sales Figures in Million Gallons for Years 2011
through 2015 (includes corresponding Graph/Chart) III-53

Table 58: Canadian Historic Review for Ethanol by End Use
Segment – Solvents, Chemical Intermediates, Fuel, Food &
Beverage, and Other Markets Independently Analyzed with
Annual Sales Figures in Million Gallons for Years 1991
through 2000 (includes corresponding Graph/Chart) III-54

Table 59: Canadian 15-Year Perspective for Ethanol by End
Use Segment – Percentage Breakdown of Volume Sales for
Solvents, Chemical Intermediates, Fuel, Food & Beverage, and
Other Markets for 1998, 2008 & 2012 (includes corresponding
Graph/Chart) III-54

3. Japan III-55
A.Market Analysis III-55
Historic Review