WASHINGTON – The U.S. ethanol industry set a monthly production record for July, according to data released by the U.S. Energy Information Administration.
The new mark was 128,000 barrels per day (b/d). July’s record was 14 percent higher than the previous July record of 112,000 b/d set in 2001.
“Ethanol production capacity has increased by more than 1 billion gallons over the past few years,” said Bob Dinneen, Renewable Fuels Association president. “Blending greater amounts of ethanol can and should displace our current imports of Iraqi oil.”
The ethanol industry is expected to produce an annual record of more than 2 billion gallons in 2002, Dinneen said.
Currently, 66 existing plants can produce more than 2.55 billion gallons per year. Eleven plants are under construction.
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