Photo: Stock
September 17, 2022
BY Luke Geiver
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U.S. fuel ethanol production was up 1% the week ending March 28, according to data released by the U.S. Energy Information Administration on April 2. Stocks of fuel ethanol were down 3% and exports were down 62%.
As the ethanol industry navigates new opportunities in low-carbon fuels, contracts with grain procurement agencies are rising in popularity.
U.S. operatable biofuels capacity increased slightly in January, with gains for ethanol, according to the U.S. EIA’s Monthly Biofuels Capacity and Feedstock Update, released March 31. Feedstock consumption was down when compared to December.
Rex American Resources Inc. released fourth quarter financial results on March 26, reporting increased ethanol sales volumes and progress with the company’s planned carbon capture and storage (CCS) project in Illinois.
Gevo Inc. CEO Patrick Gruber discussed the company’s proposed sustainable aviation fuel (SAF) project in South Dakota during a fourth quarter earnings call, held March 27, indicating financial close could be achieved by year-end.