Ethanol Week - November 5, 2012

Platts acquires Kinsman, broadens biofuel capabilities Platts, a leading global provider of energy, petrochemical and metals information and a division of The McGraw-Hill Companies Inc., today completed its acquisition of Kingsman SA. The purchase price of the acquisition was not disclosed. READ MORE SHARE
ICM reduces workforce by 25 ICM Inc. announced today that it has reduced its workforce by 25 employees effective immediately. "The decision to make staffing reductions is extremely difficult, and it is one that is not taken lightly," said Dave Vander Griend, ICM CEO. READ MORE SHARE
	Calculator helps farmers find cost of switching to biomass crops University of Illinois agricultural economist Madhu Khanna developed a customizable online calculator to eliminate some of the guesswork and help farmers decide if growing biomass crops makes sense to for their farming operation. READ MORE SHARE
Valero posts loss for ethanol segment, expects improved margins Valero Energy Corp. has released its latest quarterly financial results. While the company's ethanol segment continues to struggle with high margins, Valero's management seems confident that margins will continue to improve. READ MORE SHARE
Industry reacts to BP decision to cancel US project BP's announcement that it was cancelling its cellulosic ethanol project in Highlands County, Fla., generated a number of statements from members of the Fuels America coalition underscoring the industry's continuing commitment to advanced biofuels. READ MORE SHARE
	Gevo releases Q3 financial results Gevo Inc. has released its financial results for the quarter ended Sept. 30, posting revenues of $600,000 for the quarter. This is a significant reduction compared to the $ 17.5 million in revenue reported for the same period of last year. READ MORE SHARE
Valero idles 2 plants; US production down 12 percent in Oct. Valero Renewables has once again idled two of its 10 ethanol plants due to tight margins. The two 120 MMgy plants at Albion, Neb., and Linden, Ind., were idled earlier in the summer, restarted in September and have recently been idled again. READ MORE SHARE
Profiling Team Romney: Charles Conner Charles Conner's extensive background in agriculture includes several years in the USDA as deputy secretary of agriculture as well as serving as acting secretary of agriculture from August 2007 to January 2008, when Ed Schafer took on the job. READ MORE SHARE
INEOS Bio facility begins production of renewable power INEOS Bio has announced that its joint-venture project, INEOS New Planet BioEnergy, has reached another milestone and is now producing renewable power using INEOS Bio's feedstock flexible BioEnergy technology. READ MORE SHARE
Green Plains reports 'good performance' considering margins While it's true Green Plains Renewable Energy Inc. reported a $1 million net loss in the third quarter, the company's Oct. 31 conference call highlighted several positives and predicted a profitable fourth quarter. READ MORE SHARE
ADM announces financial results, management changes Archer Daniels Midland Co. has released financial results for the quarter ended Sept. 30. Profits associated with corn processing activities decreased during the quarter, due primarily to continued negative ethanol margins. READ MORE SHARE
Agro2 achieves sustainability certification for cassava in Panama Agro2 S.A., located in Veraguas, Panama, is proud to be the first company in Panama to be certified by the International Sustainability and Carbon Certification confirming the compliance of Agro2's cassava production and processing method. READ MORE SHARE
New enzyme offers corn-ethanol plants increased yield Novozymes launched a new enzyme for corn-ethanol production on Oct. 30. Avantec, a trademarked product, allows ethanol producers to increase ethanol yield by about 2.5 percent, said Peder Holk Nielsen, executive vice president of Novozymes. READ MORE SHARE
Green Plains reports third quarter 2012 financial results Green Plains Renewable Energy Inc. has announced financial results for the three months ended Sept. 30, 2012. Net loss attributable to Green Plains for the quarter was $1 million, compared to net income of $12.4 million for the same period of 2011. READ MORE SHARE
Profiling Team Romney: Neb. Gov. Dave Heineman If Republican candidate Mitt Romney wins the election, there's a good chance Nebraska will once again send a native son to Washington to serve in the president's cabinet. Gov. Dave Heineman is on the shortlist for potential cabinet appointees. READ MORE SHARE
Xavier University wins grant to study cassava ethanol potential The Philippine Department of Energy has granted Xavier University PHP3.3 million ($80,000) to research the possibility of producing cassava ethanol. The project aims to evaluate the potential of several cassava varieties in Northern Mindanao. READ MORE SHARE
Green Plains not exiting ag sector with sale of grain elevators Green Plains Renewable Energy Inc. is selling 12 of its 15 grain elevators, or about 83 percent of its grain storage capacity and all of its agronomy and retail petroleum operations. Diversification, however, will remain as a strategy for success. READ MORE SHARE
Miss. ethanol plant to temporarily idle by end of November Bunge-Ergon Vicksburg LLC, a 54 MMgy corn-ethanol plant in Vicksburg, Miss., will join the list of temporarily idled ethanol plants at the end of November. The decision to idle the plant is attributed high corn prices that resulted from the drought. READ MORE SHARE
Beta Renewables, Novozymes form strategic partnership Novozymes, a producer of industrial enzymes, and Beta Renewables, a cellulosic biofuels company that is part of Gruppo Mossi & Ghisolfi, have announced an agreement to jointly market, demonstrate and guarantee cellulosic biofuel solutions. READ MORE SHARE
ZeaChem completes construction of Ore. biorefinery Construction is complete at ZeaChem Inc.'s advanced biofuel production facility in Boardman, Ore., and by the end of the year, the company expects to begin producing. The 250,000 gallons per year facility was finished on budget. READ MORE SHARE