ISSUE DATE: 03/21/2011
By Jennifer Latzke
By the numbers, 2010 was a very good year for American ethanol producers.
The U.S. Energy Information Administration reported that daily ethanol production averaged about 863,000 barrels per day, or about 36.24 million gallons each day. Total production in 2010 was about 13.23 billion gallons, up from 10.75 billion gallons in 2009.
With that increased production, ethanol exports also rose to all-time highs. The Renewable Fuels Association reported that exports ended the year at 397 million gallons--a four-fold increase over 2009. Meanwhile, imports in 2010 were at a little more than 9.7 million gallons, down from 193 million gallons in 2009.
Even with the great news from 2010, Robert White, director of Market Development, Renewable Fuels Association, said the ethanol industry has a promising but challenging future. There are a lot of issues that ethanol producers will have to address in the coming years in order to fuel its future.
NEWS
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