Ethanol (C2H6O) is a colourless and combustible liquid that has a distinct feeble odour. It is mainly produced through yeast fermentation or using a petrochemical process which involves ethylene hydration.
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It mainly serves as a substitute for motor fuel or as a gasoline additive, making it a more renewable energy source. Its respective melting and boiling points are 156 K (at room temperature) and the boiling point is 351 K.
Key Details About the Ethanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethanol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Ethanol Price chart, including India Ethanol price, USA Ethanol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Ethanol Price Trend:
Ethanol is mainly employed as a substitute fuel for gasoline that is used in internal combustion engines, as all gasoline engines in existence can operate on gasoline and around 10% ethanol. Therefore, the growing awareness regarding eco-friendly substitutes of the product, along with the shift among consumers for ethanol usage due to it being an environmentally safer option, will boost its market demand further. It is also used for producing alcoholic beverages. As it also serves as a solvent, it can be employed for preparing several medicines in the chemical and pharmaceutical industry. It also serves as a disinfectant which increased its market sales.
Key Players:
- Archer Daniels Midland Company
- Cargill, Incorporated
- CHS Inc
- POET
- LLC
- BP Plc
- The Andersons Inc.
News & Recent Development
- 2 May 2023- As per Food and Consumer Affairs, the nation will likely finish its goal of reaching a target of 20 per cent ethanol blending in petrol by 2025.
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