RFA launches young professionals network
July 28, 2020
BY Renewable Fuels Association
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The U.S. Energy Information Administration increased its forecast for 2026 fuel ethanol production and fuel ethanol blending in its latest Short-Term Energy Outlook, released July 8. The outlook for exports was unchanged.
Gevo Inc. on July 10 that Barclays Capital Inc. has purchased $40 million of newly issued non-recourse tax-exempt private activity bonds issued by the Iowa Finance Authority for the benefit of Gevo’s wholly owned subsidiary, Gevo NW Iowa RNG LLC.
U.S. fuel ethanol production was up nearly 1% the week ending July 4, according to data released by the U.S. Energy Information Administration on July 9. Stocks of fuel ethanol were down 1% and exports were down 8%.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
With a Middle East crisis once again roiling global oil markets, a new report shows that American-made ethanol keeps gasoline prices down—saving drivers well over $50 billion each year, or 39 cents per gallon.
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