US ethanol industry opens 2017 with record-setting production
The U.S. ethanol industry opened 2017 with a new weekly production record. Production reached an average of 1.049 million barrels per day the week ending Jan. 6, according to data released by the U.S. Energy Information Administration. The new record replaces one set the final week of 2016, when ethanol production reached an average of 1.043 million barrels per day the week ending Dec. 30.
The U.S. ethanol repeatedly broke records for ethanol production in 2016. Prior to Dec. 30, the record was set the week ending Dec. 9, when production averaged 1.04 million barrels per day.
The U.S. ethanol industry has surpassed the 1 million barrel per day mark only 25 times, all since November 2015. Prior to November 2015, the ethanol production record sat at 994,000 barrels per day, which was set the week of June 19, 2015.