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EIA: Ethanol production up 3%, stocks down 1%, exports down 42%

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By Erin Voegele

18 hours ago

OperationsBusiness

U.S. fuel ethanol production expanded by more than 3% the week ending April 26, according to data released by the U.S. Energy Information Administration on May 1. Stocks of fuel ethanol were down 1% and exports were down 42%.

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The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.

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Archer Daniels Midland Co. on April 30 released first quarter financial results, reporting improved earnings for Vantage Corn Processors subsegment, which includes the company’s dry mill ethanol plants.

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Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel, especially for Nebraskans, according to Fueled by Nebraska, a partnership of Nebraska biofuel and ag organizations.

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On April 29, 40 companies and organizations that hold a stake in the development and deployment of sustainable aviation fuel united to announce the formation of the Sustainable Aviation Fuel (SAF) Coalition.

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As part of the USGC’s strategy to support the initiation of the ethanol-gasoline blending program in Costa Rica, the group participated in a technical workshop in San Jose, Costa Rica, that focused on ethanol and vehicle compatibility.

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Aemetis Inc. has announced it is implementing the Microsoft Dynamics enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.

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Valero Energy Corp. on April 25 announced that its SAF project in Texas is progressing ahead of schedule and expected to be operational this year. The company also reported its ethanol and renewable diesel operations were profitable during Q1.

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LanzaJet on April 22 announced an investment from Microsoft’s Climate Innovation Fund. This investment from Microsoft enables LanzaJet to continue building its capability and capacity to deploy its sustainable fuels process technology globally.

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U.S. fuel ethanol production fell by 3% the week ending April 19, according to data released by the U.S. Energy Information Administration on April 24. Stocks of fuel ethanol were down 1% and exports fell by 23%.

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Vertimass on April 23 announced that the U.S. EPA has approved registration for blending up to 20% of Vertimass green gasoline with conventional gasoline. This new renewable gasoline product, VertiGas20, is made from renewable ethanol.

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The USDA on April 23 awarded more than $43 million in grants through the Higher Blends Infrastructure Incentive Program to support projects that will increase the availability of domestic biofuels in 15 states.

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Indigo Ag and Red Trail Energy have announced a collaboration to source low carbon intensity (CI) corn to support farmers using sustainable practices and benefit from emerging clean fuels market tax credit programs.

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CoBank is predicting a positive outlook for ethanol in 2024 as plants capitalize on lower corn prices and improved margins, according to the company’s latest Quarterly Research Report, released April 11.

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In celebration of Earth Day, Iowa biofuel producers, farmers, retailers, and policy leaders gathered for a community tree planting event hosted by Growth Energy. The event is part of a larger woodland restoration project.

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EcoEngineers on April 15 announced the expansion of its services in compliance with the Canadian Clean Fuel Regulations. The company has been granted a scope extension by the ANSI National Accreditation Board (ANAB).

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Nearly 1.91 billion RINs were generated under the Renewable Fuel Standard in March, down from 1.92 billion generated during the same month of 2023, according to data released by the U.S. EPA on April 18.

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The U.S. EPA on April 18 released updated small refinery exemption (SRE) data, reporting that two additional SRE petitions have been filed under the Renewable Fuel Standard in the past month. A total of 38 SRE petitions are now pending.

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U.S. fuel ethanol production was down 7% the week ending April 12, according to data released by the U.S. Energy Information Administration on April 17. Stocks of fuel ethanol were down slightly and exports expanded by more than 12%.

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Marquis and United Cooperative on April 16 announced the sale of Marquis’ 100 MMgy Necedah, Wisconsin, ethanol facility to United Cooperative. The facility will operate under the new name of United Energy Necedah LLC.

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Carbogenesis and Octent Automation join RFA

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By Renewable Fuels Association

April 18, 2024

Carbogenesis, a global private equity fund focused on industrial decarbonization, and Octent Automation, which provides tools designed to enhance outcomes during the fermentation process, have joined the RFA as associate members.

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Sustainable Aviation Buyers Alliance has announced the largest ever collection of deals to purchase high-integrity SAF certificates (SAFc), with SABA members committed to channel close to $200 million into purchasing SAFc over five years.

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Southwest Airlines in March acquired SAFFiRE Renewables LLC, as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures LLC. SAFFiRE is part of a NREL project to develop SAF.

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Blue Biofuels Inc. on April 16 announced it has commenced an FEL 1 & 2 engineering study for a 2.4 MMgy cellulosic ethanol facility. This endeavor is grounded in the company's innovative cellulose-to-sugar (CTS) system.

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Following the success of a November 2023 program in Nigeria, the U.S. Grains Council (USGC) returned to the country in March to continue engagement with local stakeholders as the interest in E10 use in Nigeria’s fuel mix continues to grow.

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The ethanol and ethanol co-product industry continues to be a main economic driver in Nebraska, producing near-historic averages in 2020, despite lower ethanol prices and COVID-related production issues, according to a new study.

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U.S. fuel ethanol production fell by nearly 2% the week ending April 5, according to data released by the U.S. Energy Information Administration on April 10. Ethanol stocks were down nearly 1% and exports expanded by 120%.

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Colonial Oil Industries Inc. will pay a $2.8 million civil penalty and purchase and retire 9 million RINs at an estimated price of $12.2 million under a settlement agreement reached with the EPA and Justice Department related to CAA violations.

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Tallgrass, the developer of a CO2 pipeline project that will sequester CO2 sourced from ethanol plants and other facilities, has entered a Community Benefits Agreement with Bold Alliance. The CBA is endorsed by several ag and biofuel groups.

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The U.S Energy Information Administration increased its forecast for 2024 fuel ethanol production in its latest Short-Term Energy Outlook, released April 9. The 2024 and 2025 forecasts for fuel ethanol blending were reduced.

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