American Ethanol Production Sets New Record
The Renewable Fuels Association announced that the U.S. ethanol industry set a monthly production record for October of 226,000 barrels per day (b/d), according to data released by the U.S. Energy Information Administration.
Production was up 20 percent compared to last October when 188,000 b/d of ethanol were produced. October's daily production record also ties the all-time monthly record set in September of this year.
The ethanol industry is expected to produce more than 3.4 billion gallons in 2004, up from 2.81 billion gallons in 2003. Currently, 83 ethanol plants nationwide have the capacity to produce nearly 3.6 billion gallons annually.
There are 16 ethanol plants and 2 major expansions under construction with a combined annual capacity of almost 750 million gallons.
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