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And as ethanol piles up, some ethanol plants are producing ethanol as a byproduct now, reports AgWeb.
Peter Meyer of S&P Global Platts says ethanol plants are now producing ethanol not for the fuel, but for the byproducts.
"Ethanol plants are selling a lot of their byproducts given the rise in soybean oil prices, which were somewhat based on palm oil prices going up, so you have corn oil in demand, and there's a need for carbon dioxide for all the dry ice needed to move the vaccines," Meyer told AgWeb.
Meyer says today, there are only about 30 ethanol plants with the capability to capture the carbon dioxide for resale. But the other product in high demand: DDGs.
