US Ethanol Industry Has a 4.9 Billion Gallon Year; Consumption Beats RFS Standard by 1 Billion Gallons
29 December 2006
|Iowa’s ethanol output, 1978-2006. Click to enlarge.|
US ethanol production in October tied the all-time high set in September 2006 of 333,000 barrels per day (bpd), according to data released by the Energy Information Administration (EIA).
The US ethanol industry was averaging 310,000 bpd of production through October, an annualized volume of 4.75 billion gallons. Industry estimates show ethanol production reaching 4.9 billion gallons for the year, an increase of more than 25% from 2005, according to the Renewable Fuels Association.
Demand for ethanol also soared in 2006. October demand was 391,000 bpd, up from 278,000 bpd in 2005. For the year, demand has averaged 339,000 bpd or more than 4.3 billion gallons. Total demand for 2006 will greatly exceed 5 billion gallons, more than one billion gallons over the requirement of the Renewable Fuels Standard (RFS).
The state of Iowa alone accounted for almost 31% of that output, with a record 1.5 billion gallon produced in 2006, according to the Iowa Renewable Fuels Association. That level of output represents a 36% increase from the prior record of 1.1 billion gallons, set in 2005.
Since 2002, Iowa’s ethanol output has grown an average 36% per year, increasing 3.4 times from 440 million gallons.
Iowa ethanol plants consumed more than 550 million bushels of corn in 2006—about 25% of the state’s total corn harvest.
Iowa has more ethanol plants than any other state, including 16 new ethanol plants and five major expansions under construction.
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