London — A cargo of 5,000 cu m of fuel-grade ethanol has been booked for shipment in May from Guatemala to the EU, sources said.
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The ethanol is said to have 71% GHG savings and will be the last cargo from Guatemala for the year as it comes at the end of the crop cycle, a source said.
The vessel was fixed on Monday evening and can go to the EU or US west coast, according to a second source.
Imports into the EU were limited for the majority of 2015 which contributed to the shortness of supply in the European region.
With the arbitrage from the US to the EU opening at the beginning of 2016, a number of cargoes have been booked with one source anticipating around 40,000 cu m of ethanol leaving the US Gulf Coast for the EU over the first three months of the year.
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