July 8, 2020
BY Erin Krueger
U.S. ethanol production was up nearly 2 percent the week ending July 3, while weekly ending stocks of fuel ethanol increased by more than 2 percent, according to data released by the U.S. Energy Information Administration on July 8.
U.S. ethanol production averaged 914,000 barrels per day the week ending July 3, up from an average of 900,000 barrels per day the previous week. The week ending July 3 marks the tenth consecutive week of growth following sharp declines that began in late March and continued through April due to market impacts caused by the COVID-19 pandemic. Production was down 133,000 barrels per day when compared to the same week of 2019 and down 165,000 barrels per day when compared to the final week of February, before COVID-19 began to impact U.S. fuel markets.
Weekly ending stocks of fuel ethanol increased for the first time since mid-April, reaching 20.62 million barrels for the week ending July 3, up from 20.164 million barrels the previous week. The increase follows 10 consecutive weeks of falling U.S. weekly ending stocks of fuel ethanol following a record high of 27.689 million barrels that was set the week ending April 17. Weekly ending stocks, however, were down 2.389 million barrels when compared to the same week of last year.
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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.
The U.S. exported 31,160.5 metric tons of biodiesel and biodiesel blends of B30 and greater in May, according to data released by the USDA Foreign Agricultural Service on July 3. Biodiesel imports were 2,226.2 metric tons for the month.