U.S. Ethanol Industry Continues Growth

[] Citing record October ethanol production statistics, the Renewable Fuels Association (RFA) announced that the U.S. ethanol industry continues to produce at a rate of more than 4 billion gallons annually. According to data released by the U.S. Energy Information Administration (EIA), ethanol production in the U.S. was averaging 269,000 barrels per day (b/d) in October, up 8,000 b/d from September. Demand for ethanol also grew substantially to 278,000 b/d. That is the second highest monthly demand, surpassed only by August demand. Currently, 94 ethanol plants have a combined production capacity of more nearly 4.2 billion gallons a year. There are 30 ethanol plants and nine expansions under construction with a combined annual capacity of more than 1.5 billion gallons.