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Iowa Ag Review

Abstract

By the end of September 2006, there were 105 ethanol plants in the United States, with a combined production capacity of 5 billion gallons of ethanol. According to the Renewable Fuels Association, there are currently 42 new ethanol plants under construction and 7 plant expansions underway. These will add 3 billion gallons of ethanol production capacity to the United States. Beyond this, there are currently more than 300 business proposals for additional ethanol plants, which if built would create over 20 billion gallons of ethanol. So to say that the ethanol industry is booming may be an understatement. And the ethanol industry expansion is heating up corn futures prices and making corn a more lucrative crop to plant

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