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Grain Council Signs Ethanol MOU In Panama
USAgNet - 03/22/2023

The U.S. Grains Council (USGC) hosted a regional seminar in Panama City, Panama, held on Mar. 21-22, that brought together critical stakeholders and high-level government officials from Central American (CTA) countries and the Dominican Republic to learn about and discuss the technical aspects, benefits and challenges of ethanol and gasoline blending in the region.

While there, the Council and the Industrial Association of Sugar Cane of Panama (AZUCALPA) signed – and U.S. Department of Agriculture (USDA) Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor witnessed – an ethanol memorandum of understanding (MOU).

The MOU recognizes the importance of assessing the role and benefits of biofuels and ethanol in the promotion of economic growth, diversification of the energy matrix and decarbonization of transportation in the global energy transition to address global greenhouse gas emissions.

“This MOU bolsters economic and energy security through both domestic production and strengthening trade ties between our two nations,” said Taylor.

“Ethanol blending helps countries meet their climate change goals by boosting the use of renewable energy and reducing greenhouse gas emissions in the transportation sector. I hope these benefits encourage other nations throughout the region to explore ethanol blending policies of their own.”

Participants included ministers and vice ministers from the mines and energy, environment and agriculture sectors, along with representatives from national refineries, agro-industrial industries, oil and gas, finance, logistics and transportation.


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