PHOTO: K&F
May 22, 2022
BY Katie Schroeder
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The Brazilian development bank (BNDES) on Jan. 14 approved $480 million in financing for project that will boost sugarcane ethanol production at a facility in south-central Brazil by 22.45 MMgy per year and boost biomass energy capacity by 34 MW.
The U.S. EPA on Jan. 17 released updated data showing that more than 25.22 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in 2024, up from 23.85 billion in 2023.
The USGC was awarded a second round of funding from the USDA under its Regional Agriculture Promotion Program. The award will disperse $16 million to the USGC for use in developing markets for U.S. agricultural exports.
Green Plains Inc. on Jan. 16 announced that key milestones for the “Advantage Nebraska” carbon strategy have been met. The project, which will sequester CO2 from three of the company’s ethanol plants, remains on track to be operational in 2025.
U.S. fuel ethanol production was down approximately 1% the week ending Jan. 10, according to data released by the U.S. Energy Information Administration on Jan. 15. Ending stocks of fuel ethanol were up 4% and exports were down 19%.