SOURCE: U.S. Energy Information Administration
July 17, 2024
BY Erin Voegele
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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.
Aemetis Inc. announced on Dec. 10 that its Aemetis Biogas subsidiary started producing renewable natural gas (RNG) from its tenth anaerobic digester built to process waste from a dairy in Stanislaus County, California.
The European Union and Mercosur, a South American trade bloc consisting of Argentina, Brazil, Paraguay and Uruguay, on Dec. 5 finalized negotiations on a new trade agreement. The agreement could increase the volume of ethanol imported into the EU.