PHOTO: PHIBRO ETHANOL
October 8, 2021
BY Tom Bryan
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Minnesota’s ethanol industry produced 1.4 billion gallons of ethanol and contributed $2.1 billion to the state’s gross domestic product in 2024, according to a new study by the University of Minnesota Extension.
Aemetis Inc. released fourth quarter and full year 2024 financial results on March 13, reporting increased revenues for its U.S. ethanol and biogas operations as well as its biodiesel operations in India.
U.S. fuel ethanol production fell by nearly 3% the week ending March 7, according to date released by the U.S. Energy Information Administration on March 12. Ethanol stocks were up slightly and exports expanded by 32%.
The U.S. Energy Information Administration reduced its outlook for 2025 fuel ethanol production in its latest Short-Term Energy Outlook, released March 11. The estimates for 2024 fuel ethanol production and exports were revised up.
The Renewable Fuels Association on March 7 congratulated member company Elite Octane, based in Atlantic, Iowa, for reaching the milestone of producing its billionth gallon of ethanol. The facility began operations in July 2018.