September sets another ethanol production record, sales also strong
The September U.S. sales figures have just been released by the Energy Information Administration (EIA), and ethanol keeps going from strength to strength. The industry produced 333,000 barrels of ethanol per day which is a new production record. Demand though was even stronger at 380,000 barrels per day according to the Renewable Fuels Association.
Production capacity is also rising with over five billion gallons of capacity estimated to be in place by the end of the year. At least 60 more ethanol plants are under construction or expansion, which equates to more than four billion gallons of annual capacity, and are expected to be operational with the next 18 months.
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[Source: Ethanol Producer Magazine via Biodiesel and Ethanol Investing]
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