01 December 2008 23:33 [Source: ICIS news]
The RFA said demand in September was up by 4.1% from 661,000 bbl/day in August.
US production of the biofuel in September was 640,000 bbl/day, a 45% increase from 441,000 bbl/day in September 2007, the RFA said, quoting data from the Energy Information Administration (EIA).
US ethanol output in September was slightly down from 647,000 bbl/day in August, the RFA said, citing economic challenges US producers of the biofuel have faced.
Those included higher input costs, lower ethanol values and lack of credit in the market, the association said
The RFA expects the US to produce 9bn gal of ethanol in 2008, making it the world’s top producer followed by Brazil, which is expected to produce 6.6bn gal this year.
The US in 2007 produced 6.5bn gal of ethanol. Meanwhile, Brazil produced about 6bn gal, according to data from sugarcane industry association Unica.
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