Driving revival fuels profits for beleaguered ethanol industry
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Ethanol margins surge 70% in revival for beleaguered industry and ADM
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(Bloomberg) Producers of ethanol, the biofuel made from corn, are finally catching a break as the summer US travel season is bringing an unexpected windfall to an industry that’s been saddled with weak consumption since the pandemic. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChin