The U.S. ethanol industry shows signs of a rebound. Ethanol production increased this spring and summer and reached a new record high of 871 million gallons in May, according to the Department of Energy's Energy Information Administration, the agency responsible for monitoring ethanol production and demand.
"More sanity in energy and commodity markets, an improving economic situation and continued growing demand for ethanol have all helped contribute to the rebound being seen in ethanol production,” says Renewable Fuels Association President Bob Dinneen.
Production should continue to improve as idled ethanol plants continue to come back online. As of August, all of the seven former VeraSun facilities that were shut down in November 2008 are now back at full production under new ownership by Valero Energy Corporation.
This once-shuttered ethanol plant in Albert City, Iowa, one of the largest in the U.S., is back online under new ownership by Valero Energy Corporation.