The U.S. Grains Council (USGC) and the Indiana Corn Marketing Council welcomed delegations from Japan, Korea, India and Indonesia to Indianapolis. Photo: U.S. Grains Council

Jun 02, 2022

Ethanol's Role in Racing Highlighted at Indy 500

International stakeholders learn firsthand the U.S. ethanol value chain during USGC visit

Delegations from Japan, South Korea, India and Indonesia traveled to the U.S. last week to take part in theIndianapolis 500.

Hosted by theU.S. Grains Council(USGC)合作Indiana Corn Marketing Council, the group was able to see firsthand the roleethanolplays in the annual automobile race.

Exposing international stakeholders to the U.S. value chain allows them to learn and incorporate practices that have helped develop the U.S. industry.

Stakeholder visits like this help position the U.S. as a technical resource to countries interested in developing favorable ethanol policies to help meet their carbon reduction commitments.

Before heading to Indianapolis, two teams of officials, traders and media members traveled to Illinois and Missouri, learning how the U.S. ethanol industry has developed and seeing firsthand the entire U.S. value chain.

Grain value chain viewed from around the globe

Fourteen participants from Indonesia, Japan and Korea were in Illinois to gain on-the-ground experience including stops at farms, retail stations and ethanol plants.

In a similar fashion, a group of 11 participants from India’s automobile trade, government and petroleum industry were in Missouri to get a better understanding of the U.S. ethanol value chain and the environmental, economic and health benefits ethanol presents.

Discussions at the various facilities spanned across the technology of ethanol pumps, retail infrastructure and production capacity.

Upon arriving in Indiana, both groups had the opportunity to meet with several drivers competing in the race before taking part in an educational session on ethanol blending and its benefits.

The group heard from several speakers during the session: ethanol distributors and retailers, an automotive repair shop and a race organizing agency.

The presentations facilitated technical conversations about best practices for ethanol blending among participants from the various countries.

Indy 500 race day

"The Indy 500 was an innovative opportunity to show the benefits of ethanol within the racing industry," said Joana Hassan, USGC manager of global ethanol programs.

"Participants were intrigued to hear IndyCar drivers talk about the engine performance and safety ethanol provides as a racing fuel."

On race day, the group toured the IndyCar garage at theIndianapolis Motor Speedway之前看瑞典司机Marcus Ericssontake the trophy.

Face-to-face connections are crucial in enhancing the mission of USGC – developing markets, enabling trade and improving lives.

By welcoming this team to the U.S., USGC was able to showcase the high-quality commodities it represents and relationships it has with growers and industry representatives across the country.

“我们正在grateful to our state partners, Illinois Corn and Missouri Corn, for hosting the teams in their states and the Indiana Corn Marketing Council for the opportunity to show ethanol’s benefits,” Hassan said.

Feed & Grain Staff

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Marketwatch: Jun, 03

US Corn Price Idx:ZCPAUS.CM

open: 7.3242
high: 7.3392
low: 7.216
close: 7.2606

US Soybean Price Idx:ZSPAUS.CM

open: 16.6992
high: 17.0489
low: 16.6581
close: 16.919

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 11.077
high: 11.1709
low: 10.95
close: 10.9789

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 9.9989
high: 10.1539
low: 9.9343
close: 9.9891