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Alto Ingredients reports profitable Q1

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By Erin Voegele

May 13, 2021

BusinessOperationsCoproducts

Alto Ingredients Inc. released first quarter financial results on May 12, reporting solid performance for the three-month period. Mike Kandris, CEO of Alto Ingredients, discussed plans for several capital improvement projects, including CCS.

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The 2021 International Fuel Ethanol Workshop & Expo, slated for July in Des Moines, Iowa, will bring its traditional slew of experts and information. This guide will help attendees decide which panels to take in.

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Lakeview Energy LLC. announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners L.P. to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio.

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Fluid Quip Technologies has announced it will install a high-quality alcohol (HQA) system at the Three Rivers Energy Coshocton, Ohio, biofuel plant. The HQA installation will enable the plant to produce high quality and high purity GNS alcohol.

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The U.S. exported 132.98 million gallons of ethanol and 882,553 metric tons of distillers grains in March, according to data released by the USDA Foreign Agricultural Service on May 4. Exports of both products were up when compared to February.

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The Andersons Inc. on May 4 released first quarter financial results, reporting a profitable three-month period for its ethanol business. President and CEO Pat Bowe also expressed optimism in the outlook for ethanol and coproducts moving forward.

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Researchers from Argonne National Laboratory on May 4 published the results of a new study that shows the carbon intensity (CI) of corn ethanol decreased 23 percent from 2005 to 2019, from 58 to 45 gCO2e/MJ.

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Total Cray Valley and Gevo Inc. announced on May 3 the successful completion of Phase 1 of their joint development agreement (JDA) to upgrade fusel oils into renewable isoamylene. The companies are now seeking to advance to Phase 2 of the JDA.

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Todd Becker, president and CEO of Green Plains Inc., discussed the company's efforts to transform into a global ag tech company and provided an update of plant improvement projects during a first quarter earnings call held May 3.

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Summit Carbon Solutions has announced the growth and further development of the world's largest carbon capture and storage project. A total of 30 biorefineries have now signed on participate in the carbon capture network.

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The USDA recently released its Grain Crushings and Co-Products production report for April, reporting that corn use for fuel ethanol production in February 2021 was down when compared to both the previous month and February 2020.

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Jewel Bronaugh, President Biden's nominee to serve as deputy secretary of agriculture, discussed the important role biofuels and bioenergy will play in meeting the administration's climate goals during a senate confirmation hearing on April 22.

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Reps. David Schweikert, R-Ariz.; Brad Wenstrup, R-Ohio; and Carol Miller, R-W.V., on April 19 joined House Minority Leader Kevin McCarthy, R-Calif., in announcing a bill to improve and extend the 45Q tax credit for carbon capture and sequestration.

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Gevo Inc. announced on April 15 that it has closed a $68.155 million “Green Bond� private activity bonds offering to finance the construction of its dairy renewable natural gas (RNG) project in Northwest Iowa.

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A projected spike in renewable diesel production, partnered with rising corn oil prices, presents a market opportunity for ethanol producers.

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Ethanol Producer Magazine has announced the preliminary agenda for the 2021 International Fuel Ethanol Workshop & Expo (FEW) taking place July 13-15, 2021 at the Iowa Events Center in Des Moines, Iowa.

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Species-specific tailoring in distillers grains opens new markets such as pet feed and aquafeed, expands existing markets and increases product demand.

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Editor Lisa Gibson previews the May edition of Ethanol Producer Magazine.

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The DOE on April 8 announced it will award $61.4 million to support the development and demonstration of bioenergy projects, including those focused on marine and aviation fuels, cellulosic sugars, separations technologies, wood heating, and RNG.

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Using Agricultural Trade Promotion funds, the U.S. Grains Council's Mexico office augmented its marketing efforts for U.S. corn distillers' oil (CDO) in poultry rations, resulting in convincing three important poultry companies to import the product.

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The U.S. exported 101.67 million gallons of ethanol and 779,324 metric tons of distillers grains in February, according to data release by the USDA on April 7. Exports of both products were down when compared the previous month and February 2020.

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LanzaJet Inc. has announced that Shell joins as an investor in the company to advance LanzaJet's global growth, accelerate commercialization of its technology, and scale the production of sustainable aviation fuel (SAF).

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In the 2020 calendar year, more than one out of every three metric tons of DDGS leaving the United States headed for ports in Southeast Asia and Oceania, illustrating how increased marketing efforts in the region by USGC have paid off.

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Aemetis Inc. on March 31 announced CARB has approved a new LCFS pathway for ethanol produced at its Keyes, California, plant using dairy biogas. The following day, the company announced the launch of a carbon capture subsidiary.

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Poet has expanded its production of all-natural, 100 percent plant-based purified alcohol, which exceeds the highest global quality standards for alcohol. The company has also unveiled a suite of biobased products under a new label, Poet Pure.

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President Biden on March 31 released a $2 trillion infrastructure and jobs plan, officially titled the American Jobs Plan. Biofuel/bioproducts and carbon capture and storage (CSS) are each briefly addressed in the plan.

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The USDA recently released its Grain Crushings and Co-Products production report for March, reporting that corn use for fuel ethanol production in January 2021 was down when compared to both the previous month and January 2020.

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Rex American Resources released fourth quarter results on March 25, reporting that the company's ethanol operations are currently profitable. Rex officials also discussed the potential for CCS and said the company continues to consider acquisitions.

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Gevo Inc. on March 17 released fourth quarter financial results, discussing plans for its net-zero biorefinery projects and confirming that its existing ethanol plant in Luverne, Minnesota, continues to be idle.

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The Iowa Economic Development Authority on March 19 announced it has awarded tax benefits through the High Quality Jobs program to Verbio Nevada to support a project that aims to integrate ethanol production at the RNG production facility.

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