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January 18, 2021

BY Lisa Gibson

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ADM reports improved Q1 earnings for dry mill ethanol plants

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By Erin Voegele

a day ago

OperationsBusiness

Archer Daniels Midland Co. on April 30 released first quarter financial results, reporting improved earnings for Vantage Corn Processors subsegment, which includes the company’s dry mill ethanol plants.

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Aemetis Inc. has announced it is implementing the Microsoft Dynamics enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.

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Valero Energy Corp. on April 25 announced that its SAF project in Texas is progressing ahead of schedule and expected to be operational this year. The company also reported its ethanol and renewable diesel operations were profitable during Q1.

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U.S. fuel ethanol production fell by 3% the week ending April 19, according to data released by the U.S. Energy Information Administration on April 24. Stocks of fuel ethanol were down 1% and exports fell by 23%.

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U.S. fuel ethanol production was down 7% the week ending April 12, according to data released by the U.S. Energy Information Administration on April 17. Stocks of fuel ethanol were down slightly and exports expanded by more than 12%.

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