CRANBURY, N.J. (DTN) -- The Energy Information Administration expects ethanol production to average 1.03 million barrels per day (bpd) this year and in 2020, down 20,000 bod, or 1.9%, from 2018, according to its latest Short-term Energy Outlook released this afternoon.
EIA projects a 0.3% year-on-year growth rate in domestic ethanol consumption in 2020 after a 0.3% decline this year and 0.4% falloff in 2018 from 2017.
Biodiesel production is expected to edge 5,000 bpd up to 124,000 bpd this year from 2018, and to climb to 145,000 bpd in 2020.
In its outlook, EIA projects an 11.7% annual increase in U.S. biodiesel consumption this year and 10.7% year-on-year growth rate for 2020.
© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.