SOURCE: U.S. Energy Information Administration
June 3, 2024
BY Erin Voegele
Advertisement
Advertisement
U.S. fuel ethanol production was up less than 1% the week ending Dec. 6, according to data released by the U.S. Energy Information Administration on Dec. 11. Stocks of fuel ethanol were down nearly 2% and exports were down more than 2%.
The U.S. Energy Information Administration maintained its forecasts for 2024 and 2025 fuel ethanol production and exports in its latest Short-Term Energy Outlook, released Dec. 10. The outlook for 2024 ethanol blending was revised down.
Gevo Inc. has announced that its planned acquisition of the ethanol production plant and CCS assets of Red Trail Energy LL passed an important milestone as the equity holders of Red Trail Energy voted overwhelmingly to approve the transaction.
The USDA increased its forecast for 2024-’25 corn use in ethanol production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 10. The forecast for season-average corn prices was unchanged.
The USDA on Dec. 6 delivered an interim final rule setting technical guidelines for climate-smart agriculture crops used as biofuel feedstocks to the White House OMB. OMB review marks a final step before a rule is promulgated.