USGC Regional Director for Europe, the Middle East and Africa Ramy Taieb (third from left) is pictured observing the trials at Aydin Adnan Menderes University in Turkey. / SOURCE: USGC
January 24, 2025
BY U.S. Grains Council
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The USDA Economic Research Service on May 29 released its latest quarterly trade outlook report, announcing the agency now expects the value of fiscal year (FY) 2025 ethanol exports to reach $4.3 billion, up from the February outlook of $4.2 billion.
The U.S. Grains Council, in collaboration with the Korea Biofuel Forum, a biofuel advocacy group, held its annual conference in Seoul in mid-May with the goal of promoting biofuel’s economic and environmental benefits to South Korean stakeholders.
U.S. fuel ethanol production was up 2% the week ending May 23, according to data released by the U.S. Energy Information Administration on May 29. Weekly ending stocks of fuel ethanol were down 3% and exports were down 30%.
The USDA recently released its Grain Crushings and Co-Products Production report for May, reporting that corn use for fuel ethanol production in March was down when compared to the same month of last year.
ICM has signed a new agreement with Little Sioux Corn Processors to install ICM’s proprietary FOT Oil Recovery system at the company’s 170 MMgy ethanol plant in Marcus, Iowa. The project is expected to be operational in Q1 2026.