Colorado Corn - UK Ethanol
Colorado corn primarily feeds Colorado livestock. But the decision by the UK to refocus on ethanol has state growers feeling good about the future.
The UK government announced it will introduce E10 gasoline which contains up to 10% bioethanol, as the standard grade in September.
Nick Colglazier, Executive Director of Colorado Corn Administrative Committee spoke with Colorado Ag Today about the decision.
“The announcement by the UK that they are going to be going to an E10 blend is really significant for us because we have the ability to now access that market. It’s going to create an intense amount of demand for ethanol in the United Kingdom. That’s something that we can supply. Ethanol being a product of corn really helps bolster the ethanol market it helps bolster ethanol demand. While we only get about 15% of our corn going to ethanol here in Colorado, it’s a lot more throughout the nation. I believe it’s about 40 to 45% of the usage of all corn in the United States goes to ethanol. So we have the opportunity to expand those markets through exports to our allies and to our neighbors across the pond. It’s going to be great for the ethanol industry as well as our farmers who depend upon that industry for a place to take their corn.”
Livestock will remain the bulk of Colorado corn growers’ market at about 85% of all corn sold. But this will bolster demand for US corn as well as ethanol.