Surprise Fuel Flows Sparked by Raging U.S.-China Trade War
- Malaysia replaced the U.S. as China’s biggest ethanol supplier
- At the same time, Malaysia imports a record amount from U.S.
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A Southeast Asian nation that was a bit player in the biofuel market is suddenly buying and selling unprecedented supplies. The U.S.-China trade war may have something to do with it.
Malaysia has emerged to displace the U.S. as the biggest supplier of ethanol to China in just two months. It’s also the first time the Southeast Asian country is selling such significant volumes to the world’s top consumer. At the same time, it’s buying a record amount of the fuel from America.