PHOTO: PHIBRO
May 17, 2022
BY David Fowlie, Jim Ekenstedt and Kaitlyn DenHouten
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Valero Energy Corp. on Jan. 30 released Q4 financial results, reporting that both its ethanol and renewable diesel segments were profitable during the period. The company also announced that its SAF project in Texas is fully operational.
Green Plains Inc. has idled its 119 MMgy ethanol plant located in Fairmont, Minnesota, due to “commodity market conditions,” according to a notice filed with the Minnesota Department of Employment and Economic Development.
US. Fuel ethanol production fell by nearly 8% the week ending Jan. 24, according to data released by the U.S. Energy Information Administration on Jan. 29. Stocks of fuel ethanol were down nearly 1% and exports were up 6%.
U.S. fuel ethanol production was up slightly the week ending Jan. 17, according to data released by the U.S. Energy Information Administration on Jan. 23. Ethanol stocks were up more than 3% and exports were up 35%.
UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing was down significantly during the second half of December. Ethanol production was down only slightly due to high levels of corn ethanol production.