FEATURED EVENT

Argus Biofuels & Feedstocks 2016
October 18-20, 2016 - London UK


Oil company restarts NY ethanol plant

An old beer brewery turned ethanol plant is once again producing fuel. A ribbon cutting ceremony was held July 21 at the former Northeast Biofuels LLC plant, now referred to as the Sunoco Fulton Ethanol Facility, Thomas Golembeski, a Sunoco spokesman, told EPM.READ MORE

Valero Energy reports strong second quarter

For Valero Energy Corp., the 2010 second quarter results are the best it's had since the third quarter of 2008. The company reported continuing operations of $530 million, or 93 cents per share, compared to a loss for the same time period last year. In the second quarter of 2009 continuing operations were $191 million or 36 cents per share. "It's great to be profitable again," said Valero Chairman and CEO Bill Klesse.READ MORE

GPRE reports second quarter financial results

Green Plains Renewable Energy, Inc. announced today its financial results for the second quarter of 2010. Net income attributable to Green Plains was $8.7 million, or 27 cents per diluted share, compared to net income of $600,000 or 3 cents per diluted share, for the same period of 2009. Revenues were $453.4 million for the second quarter of 2010 compared to $284.7 million for the same period of 2009.READ MORE

Genera breaks ground on biomass center

Genera Energy LLC, owned by the University of Tennessee Research Foundation, broke ground on a first-of-its-kind biomass processing center July 29. The Biomass Innovation Park will be co-located with the Genera/DuPont Danisco Cellulosic Ethanol demonstration-scale facility near Vonore, Tenn., and will process all feedstocks used at the ethanol production plant.READ MORE

Senate energy bill ignores biofuels

After a summer of delays, Senate Majority Leader Harry Reid, D-Nev., finally unveiled the Senate's attempt at an energy bill July 27, to the disappointment of many in the biofuels industry.READ MORE

Bill calls for VEETC on amount above mandate

Rep. Jeff Fortenberry, R-Neb., believes it's improbable that the Volumetric Ethanol Excise Tax Credit, or blender's credit, will get extended as it stands today. That's why he introduced a bill to only pay the credit for blending of biofuels over and above the amounts mandated by the Renewable Fuels Standard.READ MORE

Draft bill reduces VEETC to 1 year, 36 cents

The good news for the ethanol industry is that the draft version of an energy jobs bill coming out of the House of Representatives Committee on Ways and Means includes an extension of the Volumetric Ethanol Excise Tax Incentive. As expected, however, the bill has been scaled back to a one-year extension at 36 cents per gallon. It also extends the 54-cent tariff on imported ethanol for one year.READ MORE

EU shows growth in ethanol production, use

After strong growth approaching 60 percent in 2008, European fuel ethanol production continued to increase growing 31 percent in 2009. "This gives a clear signal to all doubters that European bioethanol is here to stay and to fulfill its increasingly important role in curbing greenhouse gas emissions and in contributing to energy security," eBIO, the European ethanol association, said in releasing the numbers.READ MORE
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