July 25, 2018
BY Erin Voegele
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The U.S. Energy Information Administration maintained its forecast for 2024 and 2025 fuel ethanol production in its latest Short-Term Energy Outlook, released May 7. The agency also maintained its forecast for 2024 ethanol blending but increased its forecast for 2025 blending.
Alto Ingredients Inc. on May 6 reported that its Q1 earnings were negatively impacted by low crush margins and inclement weather, but that high-quality alcohol sales contributed to improved gross profit.
Novonesis, a company formed via the January 2023 merger of Novozymes and Denmark-based bioscience company Chr. Hansen, released first quarter financial results on May 3, reporting strong results for its Bioenergy segment.
In August, maintenance personnel will gather at the Team M3 event in Sioux City, Iowa, to share knowledge, help each other maximize uptime and solve production problems.
Green Plains Inc. on May 3 released Q1 financial results, reporting the company was impacted by low margins and industry oversupply during the quarter. The company also announced progress on its Clean Sugar Technology facility and MSC joint venture.