PHOTO: PHIBRO
March 18, 2022
BY Katie Schroeder
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Rex American Resources Inc. on Dec. 3 released fiscal Q3 financial results, reporting the three-month period was the second most profitable quarter in the company’s history. Work on the company’s capacity expansion and CCS projects is ongoing.
U.S. ethanol and biodiesel capacity held steady in September, while renewable diesel capacity fell slightly, according to data released by the U.S. EIA on Nov. 29. Feedstock consumption was down when compared to the previous month.
Dakota Spirit has announced the successful installation and operation of Alfa Laval's Prodec Oil Plus centrifuge technology, designed to optimize oil recovery at the plant. The system is achieving a 25% increase in oil recovery yield.
U.S. fuel ethanol production expanded by 1% the week ending Nov. 22, setting a new record high, according to data released by the U.S. EIA Nov. 27. Stocks of fuel ethanol were up more than 1% and exports were up 10%.
UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing during the second half of October was down significantly as rain disrupted harvest activities. Ethanol production was down, but sales were up.