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Record corn use for ethanol reported for 2013-'14 marketing year

U.S. Energy Information Administration

October 6, 2014

BY Susanne Retka Schill

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Gevo announces agreement to purchase Red Trail Energy

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By Erin Voegele

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Gevo Inc. on Sept. 12 announced it has entered into a definitive agreement to acquire the ethanol production plant and CCS assets of Red Trail Energy LLC for $210 million. Gevo plans to add net-zero SAF production capacity to the site.

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The USDA maintained its forecast for 2024-’25 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released Sept. 12. The estimate for 2023-’24 corn use in ethanol was revised up.

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The USDA increased its forecast for corn production and yields in its latest monthly Crop Production report, released Sept. 12. The agency currently expects corn production to be down 1% when compared to last year.

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Recently, the USGC escorted a group of key ethanol industry stakeholders from Egypt, Ghana, Nigeria and the United Arab Emirates (UAE) on a tour of U.S. ethanol facilities to advance biofuel exports to Africa and the Middle East.

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U.S. fuel ethanol production was up 4% the week ending Sept. 6, according to data released by the U.S. Energy Information Administration on Sept. 11. Stocks of fuel ethanol were up nearly 2% and exports were up 95%.

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