Renewable fuels producers are calling the airline industry a lifeline as sustainable jet fuel could be the best hope for corn-ethanol makers.
With the current Administration looking to slash gasoline demand over the next two decades, ethanol producers are looking at new markets. Around 40 percent of U.S. corn output is harvested to blend for gasoline. Renewable Fuels Producer Gevo, Inc. is going all in, currently blending a nearly $1 billion plant to make jet fuel from corn.
Economists believe if the U.S. market were to convert ethanol to jet fuel, the industry would grow to more than $100 billion by 2050.
