US biofuels production, consumption, trade to stay stable through 2020: EIA
0 Comment(s)
Print
E-mail Xinhua, March 2, 2019
U.S. biofuels production, consumption and trade will stay almost unchanged through 2020, the U.S. Energy Information Administration (EIA) said Friday.
In its February 2019 Short-Term Energy Outlook (STEO), EIA forecast that U.S. fuel ethanol production, one of the most common biofuels consumed both domestically and globally, will remain near current levels, decreasing slightly to 1.04 million barrels per day (b/d) in 2019 and increasing to 1.05 million b/d in 2020.
The production of biomass-based diesel, another common biofuel consumed both domestically and globally, excluding renewable diesel, was about 120,000 b/d in 2018 and will grow to 160,000 b/d in 2020.
When it comes to biofuels consumption, biofuels remain a relatively small share of total U.S. liquid transportation fuels supply, though federal mandates and state programs continue to support biofuel consumption through 2020.
U.S. ethanol exports have accounted for an increasing share of production since 2013 and have contributed to market growth. EIA forecast net ethanol exports, which reached nearly 110,000 b/d in 2018, will fall to an average of 90,000 b/d in 2019 and 2020, while net imports of biomass-based diesel stay unchanged.
Go to Forum >>0 Comment(s)