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EIA: Ethanol production up 1%, stocks down 4%

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By Erin Voegele

May 03, 2023

BusinessOperations

U.S. fuel ethanol production was up nearly 1 percent the week ending April 28, according to data released by the U.S. Energy Information Administration on May 3. Stocks of fuel ethanol declined by nearly 4 percent during the week.

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Raven SR Inc. Cap Clean Energy Corp. on April 25 announced they have signed a memorandum of understanding (MOU) to co-develop biofuels facilities in Canada to produce sustainable aviation fuel (SAF) and renewable diesel.

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Cavitation Technologies Inc. has received two purchase orders for its low-pressure Nano Reactor System (LPN) from a biodiesel production facility in Colombia, South America, for biodiesel production with an expected capacity for 400 mtpd.

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In April, USGC ethanol staff traveled to British Columbia, Canada, to meet with provincial government officials, fuel suppliers and fuel retailers about the province's updated low-carbon fuel standard and increasing ethanol blends to E15.

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Verbio North America Holdings Corp. announced on May 1 the signing and closing of a purchase agreement with Mercuria Investments US Inc. to acquire South Bend Ethanol LLC. Verbio plans to add RNG production capacity to the facility.

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U.S. operable biofuels production capacity increased in February, with gains for ethanol, biodiesel and renewable diesel and associated fuels, according to data released by the U.S. EIA. Total feedstock consumption was up slightly from February 2022.

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Yield10 Bioscience Inc. on May 1 announced that it has signed a non-binding LOI with Marathon Petroleum Corp. for a potential investment and offtake agreement for low-carbon intensity camelina feedstock oil for use in renewable fuels production.

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U.S. operable biofuels production capacity increased in February, with gains for ethanol, biodiesel and renewable diesel and associated fuels, according to data released by the U.S. EIA. Total feedstock consumption was up slightly from February 2022.

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Marathon Petroleum Corp. released first quarter financial results on May 2, confirming the second phase of its renewables conversion project at the Martinez refinery in California is progressing on schedule and expected to be complete by year end.

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CVR Energy Inc. is continuing to ramp up renewable diesel production at its Wynnewood refinery in Oklahoma. Total vegetable oil throughput during Q1 was approximately 22.4 million gallons, up from 12.8 million gallons during Q4 2022.

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BBI International has entered into a collaborative agreement with the Commercial Aviation Alternative Fuels Initiative to produce the first annual North American SAF Conference & Expo. The conference will be held in Minneapolis on Aug. 29-30.

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Fueled by Nebraska, a partnership of Nebraska biofuels organizations, and the Nebraska Soybean Board, is celebrating Renewable Fuels Month with giveaways, student contests, radio interviews, fuel promotions, and more.

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House Energy and Commerce Committee Republications on April 25 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to reconsider its plan to open the Renewable Fuel Standard to certain sources of renewable electricity.

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Vertex Energy Inc. cut the ribbon on its first renewable diesel facility at the company's Mobile refinery and the first renewable diesel facility in Alabama on April 28. The ceremony also served as a commissioning event.

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BBI International has entered into a collaborative agreement with the Commercial Aviation Alternative Fuels Initiative to produce the first annual North American SAF Conference & Expo. The conference will be held in Minneapolis on Aug. 29-30.

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Fueled by Nebraska, a partnership of Nebraska biofuels organizations, and the Nebraska Soybean Board, is celebrating Renewable Fuels Month with giveaways, student contests, radio interviews, fuel promotions, and more.

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Calumet Specialty Products Partners L.P. on April 25 announced that its Montana Renewables subsidiary has completed the startup of its sustainable aviation fuel (SAF) and pretreatment units. A ribbon cutting ceremony is planned for May 10.

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House Energy and Commerce Committee Republications on April 25 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to reconsider its plan to open the Renewable Fuel Standard to certain sources of renewable electricity.

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Neste Corp. released first quarter financial results on April 28, reporting the company's renewable products segment benefitted from robust demand for renewable diesel and favorable feedstock pricing during the three-month period.

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The U.S. EPA on April 28 issued an emergency waiver that will allow E15 sales to continue through the summer 2023 driving season nationwide. Representatives of the U.S. ethanol industry are applauding the agency's decision.

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Fluor Corp. announced April 20 that it has signed a license agreement with Federated Co-Operatives Limited for the application of Fluor's Econamine FG Plus carbon capture technology at FCL's Co-op Renewable Diesel Complex in Saskatchewan.

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The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact.

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Valero Energy Corp.'s renewable diesel segment set a new sales volume record during Q1 while its ethanol segment reported a profitable three-month period with higher production volumes. The company is also progressing with plans to produce SAF.

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Novozymes released first quarter financial results on April 26, reporting that bioenergy sales were up 28 percent during the three-month period. Overall company sales were up 5 percent for the quarter.

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Novozymes released first quarter financial results on April 26, reporting that bioenergy sales were up 28 percent during the three-month period. Overall company sales were up 5 percent for the quarter.

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The U.S. House of Representatives on April 26 narrowly approved a debt ceiling package that significantly reduces the application of the IRA's clean fuel and SAF tax credits, but leaves the existing biodiesel and renewable diesel BTC intact.

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Valero Energy Corp.'s renewable diesel segment set a new sales volume record during Q1 while its ethanol segment reported a profitable three-month period with higher production volumes. The company is also progressing with plans to produce SAF.

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Summit Carbon Solutions has signed a multi-year agreement to sell carbon dioxide removal credits (CDRs) to the NextGen CDR Facility (NextGen). In total, NextGen announced the purchase of 193,000 tons of CDRs from three projects.

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ICM announced Element LLC was placed into receivership due to market-based disruptions that have impacted profitability, including high corn basis and reduce LCFS values. ICM technologies installed at the plant, however, exceeded expectations.

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Iowa lawmakers announce victory for ag, biofuel producers

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By Office of Rep. Mariannette Miller-Meeks

April 26, 2023

The Members of Iowa's Congressional Delegatio released a statement on the debt ceiling package negotiations, discussing efforts to amend the bill to protect biofuel tax credits that benefit ethanol producers and the ag community.

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