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PHOTO: UNIVERSITY OF MINNESOTA

November 20, 2018

BY Jerry Shurson

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Rex reports near record financial results, continues development of CCS project

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By Erin Voegele

4 minutes ago

OperationsBusinessCarbon Capture

Rex American Resources Inc. on March 28 released financial results for its fiscal Q4, reporting near record profits for both the three-month period and the full year. Sales volumes for ethanol and coproducts were up.

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U.S. fuel ethanol production was up nearly 1% the week ending March 22, according to data released by the U.S. Energy Information Administration on March 27. Ethanol stocks were up slightly while exports were down 37%.

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Legislation introduced in the Illinois Senate aims to create a technology-neutral clean fuel standard (CFS) that would reduce the carbon intensity of transportation fuels by 20% by 2038.

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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 was down when compared to both the previous month and January 2023.

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Green Plains Inc. has begun commissioning of the York, Nebraska, demonstration facility combining Fluid Quip Technologies’ precision separation and processing technology (MSC) with Shell Fiber Conversion Technology (SFCT).

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