April 26, 2023
BY Erin Krueger
U.S. fuel ethanol production fell by nearly 6 percent the week ending April 21, according to data released by the U.S. Energy Information Administration on April 26. Stocks of fuel ethanol were down nearly 4 percent.
Ethanol production averaged 967,000 barrels per day the week ending April 21, down 57,000 barrels per day when compared to the 1.024 million barrels per day of production reported for the previous week. When compared to the same week of last year, production for the week ending April 21 was up 4,000 barrels per day.
Weekly ending stocks of fuel ethanol fell to 24.306 million barrels the week ending April 21, down 987,000 barrels when compared to the 25.293 million barrels of stocks reported for the previous week. When compared to the same week of last year, stocks for the week ending April 21 were up 341,000 barrels.
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CoBank’s latest quarterly research report, released July 10, highlights current uncertainty around the implementation of three biofuel policies, RFS RVOs, small refinery exemptions (SREs) and the 45Z clean fuels production tax credit.
The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.
XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.