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ADM: Bioproducts segment earnings down on weak ethanol margins

GRAPHIC: Archer Daniels Midland Co.

November 6, 2018

BY Erin Voegele

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USDA: US ethanol exports top 148 million gallons in September

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The U.S. exported 148.49 million gallons of ethanol and 1.01 million metric tons of distillers grains in September, according to data released by the USDA on Nov. 5. Exports of ethanol were up, while exports of distillers grains were down slightly.

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The Andersons Inc. released third quarter financial results on Nov. 5, reporting record third-quarter pretax income for its renewables segment on strong operating performance and improved ethanol margins.

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The American Fuel & Petrochemicals Manufacturers on Nov. 1 petitioned the U.S. EPA to waive a portion of the compliance year 2024 Renewable Fuel Standard renewable volume obligation (RVO) for cellulosic biofuel.

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EcoEngineers hosted two webinars in October on reducing ethanol plant emissions. Ultimately, getting into the high-value, low-CI ethanol market is now as much about climate-smart farming as energy-efficient production.

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Missouri Attorney General Andrew Bailey on Nov. 1 sent a letter to the California Air Resources Board demanding the agency rescind proposed changes to its LCFS. CARB is expected to vote to adopt proposed LCFS amendments on Nov. 8.

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