Ethanol industry sets all-time monthly record

Over 136,000 barrels per day produced in August
By | September 01, 2002
The Renewable Fuels Association (RFA) this month announced that in August the U.S. ethanol industry set an all-time monthly production record of 136,000 barrels per day (b/d), according to data released by the U.S. Energy Information Administration. The previous record of 135,000 bpd was set in January. Production for the month was up over 20 percent compared to last August when 113,000 b/d of ethanol were produced.

House and Senate energy bill conferees are currently debating the timetable for RFS implementation. The Senate passed an RFS beginning in 2004 and ramping up to 5 billion gallons per year in 2012. The House, while agreeing on a 5 billion gallon RFS, would begin implementation in 2005 and not reach 5 billion gallons until 2014.

The ethanol industry is expected to produce an annual record of approximately 2 billion gallons this year. Currently, 66 ethanol plants have the capacity to produce over 2.55 billion gallons annually. With 3 additional plants scheduled to come on-line by the end of the year, production capacity will reach 2.7 billion gallons.