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U.S. Ethanol Industry Expands And Creates Export Potential For Distillers’ Dried Grains
By Mr Ethanol | October 26, 2007
Grainnet:
Scott Richman, senior vice president of Informa Economics discussed the U.S. ethanol and distillers’ dried grains (DDG) situation and outlook with nearly 600 participants from 17 different countries at the first-ever International Distillers Grains Conference in Schaumburg, IL, sponsored by the U.S. Grains Council in partnership with BBI International.
Richman said 2007 has been an interesting year for the renewable energy industry, specifically ethanol.
Despite forecasts projecting a decline in ethanol production in the next five years, Informa is predicting a dramatic increase, which intensifies export opportunities for DDG.
According to the Department of Energy, U.S. ethanol facilities produced 4,855 million gallons of ethanol in 2006.
Informa expects the 2007 volume to total 6,440 million gallons.
Next year the estimate is 9,270 million gallons and 12,360 million gallons in 2009.
In 2008, Richman predicts an excess of 62 million pounds of distillers’ grains will be available for domestic and international usage.
Topics: BizOp, Ethanol, Industry |
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