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Pacific Ethanol increases ownership in ethanol plants

Pacific Ethanol

December 30, 2013

BY Chris Hanson

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MN Bio-Fuels: Ethanol industry contributed $2.5B to Minnesota’s economy in 2023

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By Minnesota Bio-Fuels Association

February 23, 2024

Business

A study by the University of Minnesota Extension shows the ethanol industry contributed $2.5 billion to Minnesota’s GDP in 2023. The industry produced 1.35 billion gallons of ethanol, which in turn resulted in $6.6 billion of economic activity.

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Novonesis, formerly Novozymes, has introduced new yeast technology— Innova Delta, which allows plants using non-GM yeasts to achieve operational performance on par with their global peers using the most advanced GM yeasts.

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U.S. fuel ethanol production was up slightly the week ending Feb. 16, according to data released by the U.S. Energy Information Administration on Feb. 22. Ethanol stocks were down more than 1% and exports were up nearly 59%

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Raízen, an integrated energy company, and Wärtsilä, the global leader in power system technologies for marine and energy markets, signed a decarbonization agreement in order to advance decarbonization of the marine sector.

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The Andersons Inc. released fourth quarter results on Feb. 20, reporting that the company’s four ethanol plants achieved record production for the three-month period. The Renewables segment also reported record pretax income.

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