US Ethanol Industry Sets Monthly Record

August 1, 2003[SolarAccess.com]The Renewable Fuels Association (RFA) announced that the U.S. ethanol industry set an all-time monthly production record in June of 181,000 barrels per day (b/d), according to data released by the U.S. Energy Information Administration (EIA). The previous all-time record was 179,000 b/d in April. Production was up 47 percent compared to last June when 123,000 b/d of ethanol were produced. RFA President Bob Dinneen said that the rapidly rising demand for grain created by ethanol, which the RFA cites as the nation’s fastet growing energy resource, is providing a real economic stimulus at a time when it is desperately needed in rural America. The ethanol industry is expected to produce more than 2.7 billion gallons in 2003, up from a record annual production of 2.13 billion gallons in 2002. Currently, 73 ethanol plants have the capacity to produce over 2.9 billion gallons annually. Thirteen ethanol plants are under construction.
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