Ethanol prices take wild ride in December
January 20, 2014
BY Rick Kment, DTN
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The U.S. Grains Council, in collaboration with the Korea Biofuel Forum, a biofuel advocacy group, held its annual conference in Seoul in mid-May with the goal of promoting biofuel’s economic and environmental benefits to South Korean stakeholders.
U.S. fuel ethanol production was up 2% the week ending May 23, according to data released by the U.S. Energy Information Administration on May 29. Weekly ending stocks of fuel ethanol were down 3% and exports were down 30%.
A notice published in the Federal Register by the U.S. EPA indicates that far fewer parties than originally anticipated have registered with the agency as biointermediate producers under the Renewable Fuel Standard.
The USDA recently released its Grain Crushings and Co-Products Production report for May, reporting that corn use for fuel ethanol production in March was down when compared to the same month of last year.
During the past six weeks, 10 taxis in Monterrey, Mexico converted to flex fuel technology and traveled more than 43,000 miles, using in excess of 1,500 gallons of E85. The trial resulted in reduced operating costs and emissions.
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