Minneapolis trade show a gas
June 10, 2012 by James
American producers of the biofuel ethanol met in Minneapolis the first week of June for the 28th Annual International Fuel Workshop and Expo.
It is the first time since 2001 that the convention has been held in Minneapolis, located in the state of Minnestoa which is said to be the place where the ethanol industry first began in the United States in the 1980s. Ethanol is a fuel which is distilled from grain, corn or agricultural waste and there is high interest in biofuels.
The trade show came to Minneapolis just as producers are pondering the next step in the development of the industry. A tax credit worth more than $6 billion provided by the U.S. government, which enabled the industry to experiment and develop for more than 20 years, has recently expired. Ethanol producers in America’s corn-belt are the most affected by the loss of the tax credit.
Despite the fact that without the tax boost from the federal government margins will be smaller, the ethanol manufacturing industry is expected to maintain its profitability. It has grown from producing two billion gallons a year in 2001 to approximately 14 billion gallons, reaching market saturation.
The three-day expo was attended by over two thousand delegates representing 550 ethanol production companies from across North America and large scale producers of the biofuel in countries such as Brazil in South America. Large conventions with thousands of delegates are fertile ground for printing opportunities, from name tags to programs, flyer and brochure printing.