Do you want to invest in ethanol? We offer you an API that can give you a hand!
Ethanol is a chemical compound obtained from the fermentation of sugars that can be used as fuel, alone or mixed in various quantities with gasoline, and its use has been extended mainly to replace the consumption of petroleum derivatives.
In addition to being one of the most widely used fuels in Europe, bioethanol, one of the derivatives of ethanol, is ecological. This is because the CO2 emitted during its combustion is offset by the CO2 absorbed throughout its life from the plant it comes from. As a result, a bioethanol is obtained that, when burned, does not increase greenhouse gases on the planet since the carbon balance is neutral.
Because ethanol is effective at killing microorganisms, creating fuels, among other uses, many producers exploit their creation. This year, ethanol production grew by 22% compared to 2021, making it attractive for investors in the field. Countries like Great Britain, where 75% of its fuel is Ethanol-based, depends a lot on the ups and downs in the price of this chemical compound. Due to this, ethanol or bioethanol fuel investment companies are managed in the market analyzing the statistics through various ways, we recommend Commodities-API
What Is Commodities API?
Commodities-API It’s a free public API that gives you commodity prices for things like coffee, rice, sugar, and wheat.
The Commodities-API can supply data in whatever currency you choose, with an accuracy of 2 decimal points, from a list of over 170 options. You can get 60-second data updates and make 100.000 API queries each month. The same API endpoints may be used to convert currency and commodity prices, and any amount can be converted from one currency to another, as well as from one commodity to another, and from any currency to any currency. The API provides midpoint data for all commodities and exchange currencies. The average median bid and ask rates over a period of time are used to compute the midpoint rates.
How Is It Used?
It’s really easy to use! To receive an API key, go to www.commodities-API.com and search for the commodities and currencies you want, in this case Ethanol and GBP. After that, you’ll get the API in JSON format, which you may use as you like. JavaScript Object Notation is a method of encoding that avoids the need for each application to write its own ad-hoc code to communicate with certain servers. The JSON API module supports entity types, bundles, and fields, as well as data storage and data structures.
For more details, check their website.