October 14, 2024
BY Mackenzie Boubin
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Valero Energy Corp. released Q1 financial results on April 24, reporting that a tough margin environment negatively impacted the company’s renewable diesel operations during the three-month period. Valero’s ethanol segment was profitable.
UNICA, the Brazilian sugarcane industry association, has released final data for the 2024-’25 harvest season, reporting record high ethanol production and sales despite reduced sugarcane milling. Corn ethanol production was up significantly.
U.S. fuel ethanol production was up 2% the week ending April 18, according to date released by the U.S. Energy Information Administration on April 23. Weekly ending stocks of fuel ethanol were down 5% and exports were down 45%.
USGC President and CEO Ryan LeGrand, USGC Regional Director for Latin America Marri Tejada and USGC Regional Ethanol Consultant Federico Salcedo visited Guatemala and Panama to enhance trade relations.
U.S. ethanol exports have crossed the 1-billion-gallon threshold halfway through Marketing Year (MY) 2024-'25, a 27% increase from the same period in MY 2023-‘24, according to new information from the USDA.