June 8, 2022
BY Erin Krueger
The U.S. Energy Information Administration slightly reduced its forecast for 2022 fuel ethanol in its latest Short-Term Energy Outlook, released June 7. The agency’s forecast for fuel ethanol production in 2023 was maintained, while the forecasts for 2022 and 2023 ethanol blending were lowered.
The EIA currently predicts fuel ethanol production will average 1 million barrels per day in 2022, down from the agency’s May forecast of 1.01 million barrels per day. Ethanol production is currently expected to average 990,000 barrels per day in 2023, a forecast maintained from the May STEO. Ethanol production averaged 980,000 barrels per day in 2021.
On a quarterly basis, fuel ethanol production is expected to average 980,000 barrels per day in the second quarter of this year, increasing to 1 million barrels per day in the third quarter and 1.01 million barrels per day in the fourth quarter. In 2023, fuel ethanol production is expected to average 980,000 barrels per day in the first quarter, 990,000 barrels per day in the second and third quarters, and 1.01 million barrels per day in the fourth quarter.
The EIA currently expects ethanol blending to average 910,000 barrels per day in 2022 and 2023, down from a prediction of 920,000 barrels per day included in the May STEO. Ethanol blending averaged 910,000 barrels per day in 2021.
Advertisement
Advertisement
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.