US Ethanol Plant Run Rate at 93.8% YTD
June-to-August Run Rate at 95.6% of Capacity
WASHINGTON (DTN) -- The utilization rate of U.S. ethanol plants averaged 93.8% in 2019 through mid-September, with the June-to-August run rate at 95.6% of capacity.
The run rate is based off 1.1 million barrels per day (bpd) in installed capacity as of Jan. 1 reported by the U.S. Energy Information Administration, reflecting a 2%, or 300 million gallon, year-on-year increase in 2018 to 16.9 billion gallons. In 2018, ethanol production capacity expanded by more than 700 million gallons.
In its Fuel Ethanol Plant Production Capacity report, EIA data showed nameplate capacity in the Midwest PADD 2 jumped almost 3%, or more than 400 gallons a year in 2018 to 15.5 billion gallons.
(BM/AG)
Copyright 2019 DTN/The Progressive Farmer. All rights reserved.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]