US ethanol demand hit monthly record in August - trade group

01 November 2010 22:02  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol demand in August set a monthly record of 911,000 bbl/day (1.18bn gal/day), up by 24% from 734,000 bbl/day a year earlier, the Renewable Fuels Association (RFA) said on Monday.

The RFA did not provide a comparison with July, but demand in August rose by around 10% from an average 829,000 bbl/day in the first half of 2010, according to data on the group’s website.

US ethanol production in August also rose to an all-time high, the RFA said, quoting figures from the Energy Information Administration (EIA).

August ethanol production averaged 869,000 bbl/day, up by 1.4% from 857,000 bbl/day in July.

US ethanol producers exported 29.6m gal of ethanol (both denatured and undenatured, non-beverage alcohol) in August, up by 18% from July, according to EIA data.

Total exports in August were the third-highest of the year, trailing only March and April, the group said.

US ethanol exports in January-August totalled 212.0m gal, nearly double the amount of total exports in 2009, the RFA said.

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By: William Lemos
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