US Aug ethanol demand up 42% year on year - RFA
04 November 2008 00:03 [Source: ICIS news]
HOUSTON (ICIS news)--US ethanol demand in August totalled 861m gal, (661,000 bbl/day), a 42% increase from 465,000 bbl/day one year earlier, the Renewable Fuels Association (RFA) said on Monday.
The RFA said annualised ?xml:namespace>US demand for the biofuel had exceeded 10bn gal/year, approaching the legal limit for ethanol for blending in motor fuel.
The US government's Renewable Fuel Standard targets 9.0bn gal/year of renewable biofuels - mostly ethanol in 2008, rising to 10.5bn gal in 2009.
“In order to achieve the full promise offered by America's ethanol industry, expanding markets for ethanol is critical,” the RFA said in a statement.
US production of the biofuel in August was 647,000 bbl/day, a 49% increase from 434,000 bbl/day in August 2007.
The US is the world’s largest producer of ethanol, with current capacity estimated by the RFA at 10.9bn gal/year.
For more on ethanol visit ICIS chemical intelligence By: William Lemos+1 713 525 2653
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