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Rex reports strong Q4, predicts more challenging Q1

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By Erin Voegele

March 24, 2022

FeedstocksBusinessOperationsMarketsCoproducts

Rex American Resources released fiscal Q4 results on March 23, reporting a significant increase in sales revenue for the three-month period, but cautioning that high corn prices and other factors are likely to negatively impact 2022 results.

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SHV Energy and LanzaTech NZ Inc. have announced a new strategic partnership to employ LanzaTech's carbon capture and transformation (CCT) technology to bring renewable propane and other sustainable fuels to the market.

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Navigator CO2 Ventures LLC has entered into a long-term agreement with Siouxland Ethanol LLC to provide CO2 capture, transportation and storage services on its carbon capture and storage (CCS) system, the Heartland Greenway.

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Ethanol Producer Magazine's editor previews the April issue, which includes an update on proposed ethanol plant CO2 pipelines, an educational review of antimicrobial use, and a profile of a North Dakota-based company with interesting ties to ethanol.

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The U.S. Department of Energy has announced a new $34.5 million funding opportunity to improve the current science and infrastructure for converting waste streams into valuable biofuels and bioproducts that can benefit the local energy economy.

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An important new assessment published by experts from Argonne National Laboratory, Purdue University, and the University of Illinois system found major flaws in a recent paper that made unfounded allegations about the GHG benefits of ethanol.

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Navigator COâ‚‚ Ventures LLC on March 18 signed letters of intent (LOI) to use union labor for construction of the Heartland Greenway project with four national labor unions. The planned CCS project will span five states.

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The USGC has been working on expanding U.S. DDGS exports to Korea through two strategies – increasing DDGS inclusion rates in animal feeds and providing business-to-business interactions between U.S. suppliers and Korean buyers.

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Thirty years ago, Bob Thornberg stepped away from ethanol in pursuit of fermentation's feed and food derivatives. His vision grew into a thriving ag enterprise with multiple locations, global sales and a growing portfolio of products.

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Aemetis Inc. announced on March 15 that an offtake agreement has been signed with Qantas Group and Qantas Airlines for 35 million gallons of blended sustainable aviation fuel (SAF) to be delivered over the seven-year term of the agreement.

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The U.S. exported 123.82 million gallons of ethanol and nearly 1.09 million metric tons of distillers grains in January, according to data released by the USDA Foreign Agricultural Service on March 11.

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Summit Carbon Solutions announced a plan to build the world's largest carbon capture pipeline last year. The project will connect ethanol biorefineries across five states in the Upper Midwest—Iowa, Minnesota, Nebraska, North Dakota and South Dakota.

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With three CO2 pipelines in development, carbon capture and sequestration is poised to become a transformative force in ethanol production. The industry's quest for net-zero emissions, in part, depends on it.

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The USDA on March 11 announced it is extending the deadlines to apply for its Partnerships for Climate-Smart Commodities funding opportunity. The agency opened the $1 billion funding opportunity in February.

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Alto Ingredients Inc. released Q4 financial results on March 10, reporting a significant increase in net sales and gross profit. The company confirmed its biorefinery in Idaho is operational and discussed progress on high-protein initiatives.

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Aemetis Inc. released Q4 financial results on March 10, reporting a 28 percent increase in revenues for the full year. During an earnings call, company officials discussed progress with plant improvement projects and advanced biofuel initiatives.

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Ethanol Producer Magazine has announced the preliminary agenda for the 2022 International Fuel Ethanol Workshop & Expo (FEW) and co-located events taking place June 13-15, 2022, at the Minneapolis Convention Center in Minneapolis, Minnesota.

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Alto Ingredients Inc., a leading producer and distributor of specialty alcohols and essential ingredients, announced its Pekin, Illinois, facility is now ICH Q7 and EXCiPACT Good Manufacturing Practices (GMP) certified.

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Aemetis Inc. has announced the commencement of commissioning of the $12 million biogas-RNG upgrading facility connected to the PG&E gas pipeline interconnection unit located at the Keyes ethanol plant site.

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ICM and Agribrasil have signed an agreement to develop a greenfield dry-mill grain ethanol production facility near Canarana in the Brazilian state of Mato Grosso. The new plant will have a grinding capacity of 1,700 metric tons of corn daily.

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As part of ongoing market development efforts in Chile, Guatemala and Mexico, and to increase ethanol use in Colombia, the U.S. Grains Council hosted a delegation comprised of key government and industry representatives in late February.

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A report released by the DOE in February found that the development of CCS technology poses no significant supply chain risk and will support U.S. net-zero goals. In addition, CCS deployment could produce up to 1.8 million good-paying jobs.

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In the wrap-up session of a two-day EPA workshop, Reid Detchon, senior advisor for climate solutions for the United Nations Foundation, urged EPA to stop dwelling on uncertainties in GHG modeling and incorporate Argonne's GREET model.

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On March 2, Summit Carbon Solutions announced a strategic investment of $250 million from Continental Resources Inc. to create the largest carbon capture and sequestration project of its kind in the world.

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Patrick Gruber, CEO of Gevo Inc., provided an update of the company's plans to produce sustainable aviation fuel (SAF) and other renewable hydrocarbons from ethanol during a fourth quarter earnings call held Feb. 24.

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The USDA recently released its Grain Crushings and Co-Products Production report for December, reporting that corn use for fuel ethanol production was up from both the previous month and the same period of 2020.

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Oklahoma State University was recently issued a patent that could significantly increase biofuel and chemical yields while reducing carbon dioxide emissions. The co-fermentation process uses naturally occuring bacteria.

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A case study of a multi-facility ethanol company's successful incorporation of Tricanters into its production portfolio. Numerous benefits for DCO recovery were found, including cost reduction, enhanced versatility and lower maintenance.

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The U.S. Department of Commerce's International Trade Administration is recruiting participants for the Clean EDGE Asia Business Development Mission to Indonesia and Vietnam. Biofuels companies are among those encouraged to participate.

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In 2021, the U.S. ethanol industry “recovered substantially� from pandemic conditions, with ethanol and gasoline use approaching pre-COVID-19 levels in the second half of the year, according to an analysis completed by ABF Economics.

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