September 27, 2024
BY Erin Voegele
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Verity Holdings LLC, a subsidiary of Gevo Inc., and Landus have announced a new agreement aimed at unlocking added value for farmers through sustainability premiums via export markets.
New markets, export opportunities and policy changes are all things that will help build demand, said IRFA Executive Director Monte Shaw at the Iowa Renewable Fuels Summit. The nearest term demand driver should be year-round E15, he added.
Summit Carbon Solutions and Infinium, a leading electrofuels (eFuels) producer, have entered an arrangement for the supply of up to 670,000 metric tons of CO2 annually at a proposed eFuels facility in North Dakota or South Dakota.
According to new statistical reports released by the RFA, the value of the U.S. ethanol industry’s exports rose to a peak of $7.5 billion in 2024, fueled by a record 1.91 billion gallons of ethanol exported in 2024.
The U.S. exported 194.42 million gallons of ethanol in December, bringing export volumes for the full year 2024 to a record 1.91 billion gallons, according to data released by the USDA Foreign Agricultural Service on Feb. 5.