October 15, 2020
BY Erin Krueger
U.S. fuel ethanol production increased by nearly 2 percent the week ending Oct. 9, according to data released by the U.S. Energy Information Administration on Oct. 15. Stocks also increased by approximately 2 percent.
U.S. ethanol production increased to an average of 937,000 barrels per day the week ending Oct. 7, up 14,000 barrels per day from the average of 923,000 barrels per day reported for the previous week. When compared to the 971,000 barrels per day produced during the same week of 2019, production was down 34,000 barrels per day.
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Production of fuel ethanol has stabilized in recent months after falling to historic lows last spring due to the market impacts caused by the COVID-19 pandemic.
Ethanol production hit a low of 537,000 barrels per day the week ending April 24, but began to recover in May and June as travel restrictions associated with the pandemic began to ease and demand for transportation fuel began to recover. Production levels since July have generally stabilized in the range of 900,000 to 950,000 barrels per day, down roughly 10 percent when compared to the same period of last year.
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Weekly ending stocks for fuel ethanol increased to 20.008 million barrels the week ending Oct. 9, up 336,000 barrels when compared to the 19.672 million barrels reported for the previous week. Stocks of fuel ethanol have fallen over the past few months after reaching a record high of 27.289 million barrels the week ending April 17. When compared to the same week of last year, ethanol stocks were down 2.053 million barrels.
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.