At present, the USA has 208 first-generation capacity to produce ethanol (Mizik, 2021). Approximately, one-third of maize produced in the USA is utilized to reduce domestic consumption of gasoline by 6%o and increase the average fuel economy of the vehicle by only 3.2 kilometres challenges faced by the country are resolved. Firstly, the RFS2 mandated a higher production of ethanol resulting in a higher demand for maize in the USA. This resulted in a higher market price of maize (Hill, 2022). Higher maize prices also increase the cost of producing maize-based ethanol. Thus, as is observed