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Horizontal consolidation and vertical integration in a growing industry: security of supply and market access in fuel-ethanol value chain

Horizontal consolidation and vertical integration in a growing industry: security of supply and market access in fuel-ethanol value chain

Chan, Jin ORCID: 0000-0002-6275-9763 and Reiner, David (2010) Horizontal consolidation and vertical integration in a growing industry: security of supply and market access in fuel-ethanol value chain. [Working Paper]

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Abstract

The global bio-ethanol industry expands rapidly in the past decade. The production increases at an average rate of 15% over the past 10 years. About 80% of the production is supplied to the fuel-ethanol market, the rest is for industrial and beverage uses. The fuel-ethanol market is growing rapidly but the other markets are rather stagnated. Fuel-ethanol is used as an additive/substitute for gasoline. In 2009, the global market share of fuel-ethanol in otto cycle transport fuel was about 6%.

This paper provides an overview of the current production, consumption and trade in the bioethanol industry. Then, it examines the horizontal concentration in ethanol producing segment in two major producing countries i.e. USA and Brazil, and in global scale. The top 20 producers are ranked and their market shares are estimated. The concentration ratios are then calculated and discussed.

Item Type: Working Paper
Uncontrolled Keywords: Biofuel, Energy policy, Vertical integration, Ethanol, Bi-directional integration
Faculty / Department / Research Group: Faculty of Business > Supply Chain Management Research Group
Related URLs:
Last Modified: 14 Oct 2016 09:37
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/14990

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