Business
Brazil-based Cosan recently released third quarter financial results, reporting that its RaÃzen Energia segment crushed 25.7 million tons of sugarcane during the quarter and sold 1.18 million tons of sugar and 847,000 cubic meters of ethanol.
Renewable Energy Group Inc. broke ground Nov. 8 on a $24 million biodiesel plant expansion in Ralston, Iowa, a project that will boost capacity from 12 MMgy to 30 MMgy. REG expects up to $20 million in long-term debt financing will be provided.
On the heels of Tuesday's historic election, the American Coalition for Ethanol recently announced its annual grassroots Washington, D.C., fly-in will take place March 22-23, with the Liaison Hotel on Capitol Hill serving as the event headquarters.
The U.S. Energy Information Administration has released the November edition of its Short-Term Energy Outlook, predicting fuel ethanol production will average approximately 990,000 barrels per day this year and next year.
On Nov. 10, the U.S. EPA proposed to deny several petitions requesting the agency redefine the point of obligation under the renewable fuel standard (RFS). A 60-day public comment period on the decision is scheduled to be opened soon.
The economic drivers behind recent higher ethanol blending rates were examined by Iowa economic researcher Sampath Jayasinghe in the Renewable Energy Report from the Iowa Agricultural Marketing Resource Center.
UNICA, the Brazilian sugarcane industry association, recently published a crop update for the first half of October, reporting ethanol production reached 1.4 billion liters (369.84 million gallons) during the two-week period.
The USDA November World Agricultural Supply and Demand Estimates report projects that corn used for ethanol will be 5.3 billion bushels in the 2016-'17 marketing year, 25 million bushels more than the agency estimated in its October WASDE report.
On Nov. 8, the U.S. elected republican nominee Donald Trump to serve as its 45th president. Representatives of the biofuels industry said they are confident Trump will continue to support the renewable fuels standard (RFS) and corn ethanol.
AgStar Financial's team leader reviews best practices for building good lender relationships. This Business Matters column appears in the December print issue of Ethanol Producer Magazine.
Holstein Travel Center, an Iowa retailer, is holding an ethanol pump promotion on Nov. 11–12 to celebrate the opening of new blender pumps. The travel center has has installed four blender pumps with eight hoses at its location in Holstein, Iowa.
Novozymes recently launched Fermax, an enzyme protease that prevents foam development during the sugarcane ethanol fermentation process, while delivering improved control and replacing chemicals.
The Andersons Inc. reported third quarter net income of $1.7 million, or 6 cents per diluted share, on revenues of $860. Pre-tax earnings were led by the ethanol group at $9.5 million, with the grain group earning $1.9 million.
Fresh on the heels of Export Exchange 2016, leaders from the U.S. Grains Council are heading to the National Association of Farm Broadcasting's annual Trade Talk interview fair next week to talk trade policy, ethanol market development and more.
U.S. ethanol exports totaled 99.6 million gallons (mg) in September, up 28 percent–nearly 22 mg–over August, according to government trade data released Nov. 4 and analyzed by the Renewable Fuels Association.
On Oct. 27, the U.S. EPA approved an efficient producer pathway petition for Redfield Energy LLC, bringing the total number of plants to receive pathway approvals under the efficient producer program to approximately 63.
The Renewable Fuels Association is hosting free ethanol safety seminars in Alabama. Two classes on Nov. 8 will be in Prattville, Alabama, and the remaining two classes on Nov. 10 will be held in Decatur, Alabama.
Green Biologics Inc. recently announced a strategic partnership with HOC Industries, a custom blender, packager and distributor of consumer and government products, headquartered in Wichita, Kansas.
On Nov. 2, Bunge Ltd. released third quarter financial results, reporting improved results for its sugar and bioenergy segment, driven primarily by its sugarcane milling operation, which benefitted from higher sugar and ethanol prices and volumes.
Pacific Ethanol sold a record 243.7 million gallons of ethanol during the third quarter of 2016. The increase reflected increased output from the company's eight plants and a 16 percent increase in third-party sales over the same period in 2015.
In the third quarter, REG sold a total of 163.1 million gallons of fuel, an increase of 36 percent over Q3 2015. The company produced 114.8 million gallons of biomass-based diesel during the quarter, a 35.2 percent increase from last year's Q3.
Iowa has awarded $368,200 through the fourth round of the “Fueling Our Future 100� initiative to support the installation of 15 new blender pumps and three underground storage tanks that can be used to distribute higher blends of renewable fuels.
A regional interdisciplinary team led by Montana State University has received $6 million to develop new innovations at the intersection of food, energy and water systems while training the next generation of scientists.
Ethanol workshop in Mexico City offers information, expertise
By U.S. Grains Council, Renewable Fuels Association, Growth Energy
November 01, 2016
Mexican authorities considering how ethanol fits into their country's energy mix heard from U.S. researchers about air quality, lung health and other quality of life benefits at a recent workshop hosted by Mexico's Secretariat of Energy and the USDA.
After a challenging first half 2016, Archer Daniels Midland Co. had a stronger third quarter and is positioned to finish the year with a solid financial performance, said Juan Luciano, ADM chairman and CEO.
Third quarter 2016 revenue at Green Plains Inc. was $841.9 million, up from $742.8 million in the third quarter last year, said Todd Becker, Green Plains president and CEO. The company produced 292.2 million gallons of ethanol during the quarter.
Renewable Energy Group announced plans Nov. 1 to spend $24 million expanding production capacity at its first biodiesel plant, the 12 MMgy Ralston, Iowa, facility built in 2001. The expansion would more than double capacity at the plant to 30 MMgy.
Ener-Core Inc., a developer of innovative gas conversion technologies for global commercial and industrial facilities, has delivered two of its 2 MW sized power oxidizers to the Stockton biorefinery site owned by Pacific Ethanol.
Sheetz, one of America's fastest-growing family-owned and operated convenience retailers, celebrated the impact of the USDA Biofuel Infrastructure Project Grant with the opening of its 10th E85 and E15 Biofuel station in Virginia on Oct. 26.
The U.S. EPA has announced plans to hold a public hearing on Dec. 6 in Chicago for its proposed Renewables Enhancement and Growth Support Rule. Those who wish to testify must contact the EPA by Nov. 22.
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