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Rex reports profitable Q2, provides update of CCS and capacity expansion projects

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By Erin Voegele

August 31, 2023

OperationsCarbon Capture

Rex American Resources Inc. on Aug. 30 announced sales were down during its fiscal second quarter, the three months ending July 31. During an earnings call, company officials discussed planned capacity expansion and CCS projects.

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POET has reopened its bioprocessing facility in Cloverdale, Indiana. POET Bioprocessing – Cloverdale celebrated the occasion on Aug. 31 with an event at the facility that included area farmers, community members, and state officials.

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U.S. fuel ethanol production fell by nearly 4 percent the week ending Aug. 25, according to data released by the U.S. EIA on Aug. 30. Stocks of fuel ethanol were down more than 5 percent and exports were down nearly 27 percent.

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Canadian fuel ethanol consumption increased approximately 20 percent last year while Canadian imports of fuel ethanol produced in the U.S. were up an estimated 40 percent, according to a report filed with the USDA.

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U.S. fuel ethanol production was down 2 percent the week ending Aug. 18, according to data released by the U.S. Energy Information Administration on Aug. 23. Ethanol stocks were down nearly 3 percent while exports were up 19 percent.

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Fluid Quip Technologies has announced that its patented Distillers Corn Oil (DCO) Technology is achieving record distillers corn oil yields for Ace Ethanol in Stanley, Wisconsin, with increases of over 20 percent above historical rates.

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The U.S. Department of Energy's national laboratories are helping companies advance sustainable aviation fuel (SAF) technologies by offering customizable pilot plants, laboratory equipment, and even supercomputers.

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U.S. fuel ethanol production was up nearly 5 percent the week ending Aug. 11, according to data released by the U.S. Energy Information Administration on Aug. 16. Ethanol stocks were up more than 2 percent, with exports up more than 14 percent.

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U.S. fuel ethanol production was down 4 percent the week ending Aug. 4, according to data released by the U.S. Energy Information Administration on Aug. 9. Stocks of fuel ethanol were up slightly, while ethanol exports were down 51 percent.

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Whitefox Technologies has announced that Glacial Lakes Energy LLC has agreed to install the Whitefox ICE membrane dehydration system at its ethanol plant located in Mina, South Dakota. Installation is expected to be complete by Q2 2024.

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Bryan McGregor, president and CEO of Alto Ingredients Inc., discussed the company’s financial and operational performance during a second quarter earnings call held Aug. 7. He said Alto is pleased by the market’s continued improvements during the period.

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Green Plains Inc. released second quarter financial results on Aug. 4, reporting the company was negatively impacted during the three-month period due to the temporary shutdown of its Wood River, Nebraska, facility and additional planned and unplanned downtime at other locations.

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The Andersons Inc. held a second quarter financial earnings call on Aug. 2, reporting that ethanol crush margins strengthened over the three-month period. The current margin outlook, despite volatility, remains strong, according to the company.

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European ethanol producer CropEnergies has announced plans to invest more than EUR 100 million in various projects at its ethanol plant in Wilton, U.K. The investments will increase plant profitability and reduce CO2 emissions.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing and ethanol production by mills in the south-central region of the country were both up during the first half of July.

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Operable biofuels production capacity in the U.S. fell slightly in May, with reductions for both ethanol and biodiesel, according to date released by the U.S. EIA on July 31. Feedstock consumption was up from both the previous month and May 2022.

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Valero Energy Corp. released second quarter financial results on July 27, reporting improved operating income for both its renewable diesel and ethanol business segments. The company also said its SAF project is progressing on schedule.

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U.S. fuel ethanol production was up 2 percent the week ending July 21, according to data released by the U.S. Energy Information Administration on July 26. Stocks of fuel ethanol were up slightly while exports were unchanged from the previous week.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane process was up during the second half of June. Ethanol production was down for the two-week period, while ethanol sales were up for the full month.

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U.S. fuel ethanol production expanded by nearly 4 percent the week ending July 14, according to data released by the U.S. Energy Information Administration on July 19. Stocks of fuel ethanol were up 2 percent while exports were up 69 percent.

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The U.S. DOE's BETO on will host a Bioenergy Cybersecurity Workshop on Sept. 11. The virtual event will focus on the identification of cybersecurity risks in biofuel and bioproduct manufacturing as well as ways to address those risks.

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U.S. fuel ethanol production fell by nearly 3 percent the week ending July 7, according to data released by the U.S. EIA on July 12. Weekly ending stocks of fuel ethanol were up 2 percent while exports were down 36 percent.

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Total operable biofuels production capacity in the U.S. expanded in April, according to data released by the U.S. Energy Information Administration on June 30. Feedstock consumption was up when compared to the same month of last year.

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U.S. fuel ethanol production for the week ending June 23 was unchanged from the previous week, according to data released by the U.S. EIA on June 28. Ethanol stocks were up 1 percent while exports were up nearly 20 percent.

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U.S. ethanol production was up more than 3 percent the week ending June 16, reaching the highest level since December 2022, according to data released by the U.S. EIA on June 22. Ethanol stocks were also up 3 percent, with exports up 14 percent.

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The USDA recently released its Grain Crushings and Co-Products Production report for June, reporting that corn use for fuel ethanol production in April was down when compared to both the previous month and the same month of last year.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing by mills in the south-central region of Brazil was up in late May. Ethanol production and sales were also up during the two-week period.

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The ethanol industry has a role to play in the emerging SAF indsutry through both ethanol-to-jet technologies and the supply of distillers corn oil feedstock.

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A new technology developed by Proteum Energy could use ethanol as a feedstock for producing hydrogen, a very real contender in the hard-to-electrify sector.

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ICM is leveraging whole stillage separation to improve DCO gains while bringing energy usage down through a more dry cake.

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