Ag Facts
- “The annual capacity of the U.S. ethanol sector stood at 4.4 billion gallons.
- Plants under construction or expansion are likely to add another 2.1 billion gallons to this number.
- U.S. ethanol production could reach 7 billion gallons in 2010, 3.3 billion more than the amount produced in 2005.
- With a corn-to-ethanol conversion rate of 2.7 gallons per bushel (a rate that many state-of-the-art facilities are already surpassing), the U.S. ethanol sector will need 2.6 billion bushels per year by 2010”
Source: http://www.ers.usda.gov/AmberWaves/April06/Features/Ethanol.htm |