May 31, 2013
BY Susanne Retka Schill
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The USDA Economic Research Service on May 29 released its latest quarterly trade outlook report, announcing the agency now expects the value of fiscal year (FY) 2025 ethanol exports to reach $4.3 billion, up from the February outlook of $4.2 billion.
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%.
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.
USGC Multilateral Ethanol Policy Manager Linda Schmid attended the International Energy Agency’s Fuels Workshop in Paris to engage in discussions on the challenges and areas that call for greater policy attention to energy production and demand.