NCGA Aims for 10% Market Share in Key Sectors with New Demand Strategy

The National Corn Growers Association (NCGA) has released a report outlining its strategy to secure new demand for American corn. The report, titled 'A Strategy for New Demand,' aims to capture 10% of three key markets: maritime fuels, sustainable aviation fuel, and biobased products and biomanufacturing.

The NCGA estimates that securing 10% of the global maritime fuel market fueled by corn-based ethanol would equate to 3 billion bushels of annual new demand. Similarly, securing 10% of the global SAF market fueled by ethanol-to-jet technologies would represent 1.7 billion bushels of annual demand.

The report also highlights the potential for biobased products and biomanufacturing, where securing 10% of the global biochemical and biobased product market with corn-based feedstocks capable of replacing petroleum in 10% of the world's plastics would total 6.6 billion bushels of potential demand.

According to Jed Bower, Ohio farmer and president of the NCGA, 'U.S. corn farmers are the most productive and innovative farmers in the world, and the crop they grow deserves markets that match their potential.' He added that 'This report is about building the next chapter for corn, not just defending what we have but opening doors to industries that can fuel our energy security, reduce carbon emissions and create lasting demand for America's crop.'