Ethanol industry sets monthly production record

Over 145,000 barrels per day produced in September
By | October 01, 2002
In September the U.S. ethanol industry set an all-time monthly production record of 145,000 barrels per day (b/d), according to data released by the U.S. Energy Information Administration. The previous record of 136,000 b/d was set in August. Production for the month was up 25 percent compared to last September when 116,000 b/d of ethanol were produced.

"A record number of new ethanol plants have come online this year and it's showing with consecutive all-time monthly production records," said Bob Dinneen, Renewable Fuels Association (RFA) president. "As the use of ethanol continues to grow, it increases gasoline market competition and diversity. That's good news for consumers and it's good news for farmers."

According to the RFA, the ethanol industry is on track to produce an annual record of approximately 2 billion gallons this year. Currently, the industry has the capacity to produce over 2.6 billion gallons annually.