- Mar 26, 2020 3:52 pm GMT
The hand sanitizer scarcity is creating an opportunity, however, for businesses currently feeling the pinch of lower than normal sales. A few weeks ago those who make alcoholic beverages started taking a portion of their onhand alcohol to produce hand sanitizer. And now it appears that ethanol producers are doing the same. Ethanol in North America is produced from corn. It is a gasoline additive and a component in jet fuel.
Global consumption of biofuel content for gasoline, diesel, and jet fuel is way down which means ethanol sales have crashed. But the medical emergency for hand sanitizer has national regulators giving permission to their ethanol producers to switch to hand sanitizer production which also means some people will still keep their jobs producing both denatured and undenatured alcohol. Both are suitable for hand sanitizer.
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