Record U.S. Ethanol Exports in 2011
TODAY IN ENERGY: Tuesday, March 6, 2012
Record U.S. ethanol exports in 2011 help offset Brazil's production decline
U.S. ethanol exports in 2011 reached a record high partly due to Brazil's need to import more ethanol after a poor harvest of sugarcane—the feedstock for most of Brazil's ethanol—sharply decreased that country's ethanol production. U.S. ethanol exports were nearly 133,000 barrels per day at the end of 2011 compared with about 10,000 barrels per day in early 2010.