Soyatech’s Biofuel Index, a group tracking biofuel production capacity, reports a 93% increase in planned ethanol production capacity. Total planned ethanol production rose from 6.761 BGY to 13.03 BGY. In addition, growth of ethanol capacity under construction grew from 2.417 BGY to 7.226 BGY. Total online capacity for ethanol is up to 5.853 BGY, up 6% for the quarter.

Biodiesel is also showing strong growth going from 890 MGY to 1.255 BGY, a 41% gain. The expectations are that a $1 federal subsidy for biodiesel will be extended later this year.