Ethanol Producers Have Another Record Year
Production records keep being broken.
Compiled by staff
Published: Mar 1, 2011
According to data from the U.S. Energy Information Administration, 2010 was another record year for American ethanol producers. Daily ethanol production averaged nearly 863,000 barrels per day. That represents nearly 13.23 billion gallons of production for calendar year 2010 while 2009 ethanol production was 10.75 billion gallons.
Imports for 2010 stood at slightly more than 9.7 million gallons, down from 193 million gallons in 2009. Total ethanol exports ended the year at 397 million gallons, marking a nearly four-fold increase over 2009. A record volume of 9 million metric tons of distillers grains was also exported in 2010.
December 2010 was a bigger than expected month for ethanol production. The industry produced nearly 918,000 barrels per day, down slightly from 924,000 in November 2010.
Demand for ethanol, according to Renewable Fuels Association calculations rose to 918,000 barrels per day, up from 900,000 in November 2010. RFA calculations for 2010 ethanol demand stand at just shy of 860,000 barrels per day.
December stocks for ethanol fell slightly to 17.94 million barrels, or 19.5 days of supply based on demand calculations.
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