Argus Biofuels & Feedstocks 2016
October 18-20, 2016 - London UK

MGP Ingredients posts quarterly net loss

Atchison, Kan.-based MGP Ingredients Inc., a diversified agricultural products company, reported a net loss of $17.2 million for its first quarter of fiscal year 2009 ending Sept. 30. The company, which owns and operates two ethanol plants, saw a 16 percent decline in ethanol sales compared with its first quarter of fiscal year 2008.READ MORE

Poet's first commercial corn cob harvest set for 2009

Sioux Falls, S.D.-based ethanol producer Poet LLC plans to conduct its first commercial harvest of corn cobs in the fall of 2009, according to Jim Sturdevant, director of Poet's Project LIBERTY, which will include an integrated corn-to-ethanol and cellulose-to-ethanol biorefinery that will produce 125 MMgy of ethanol, 25 MMgy from corn cobs.READ MORE

High corn costs cut into Pacific Ethanol earnings

Due to higher corn prices and suspended construction, Pacific Ethanol Inc. posted a net lost of $54.9 million in its third-quarter earnings report, compared with a $4.8 million loss it accrued the same quarter a year ago.READ MORE

South Dakota blender pump program is a success

South Dakota's blender pump program, initiated in May on behalf of the Ethanol Promotion and Information Council and South Dakota Corn Utilization Council in May, has granted 45 entities funds to install blender pumps. As of mid-November, 37 of the applicants had already installed the pumps in 27 South Dakota cities.READ MORE

ADM posts record first-quarter earnings

Archer Daniels Midland Co.'s first-quarter earnings more than doubled on the back of higher grain commodity prices as the Decatur, Ill.-based agri-giant posted net earnings of $1.05 billion for the quarter ending Sept. 30. It was an increase of approximately 138 percent when compared with the $41 million it reported the same period a year ago.READ MORE

Verenium reports third-quarter net loss

Cambridge, Mass.-based cellulosic ethanol producer and specialty enzyme company Verenium Corp. posted a net loss of $133,242 in its third-quarter earnings report. According to the company's earning statement, total revenues for the quarter totaled $16.4 million as a result of "solid growth in produce revenue, partially offset by a decrease in collaborative and grant revenue."READ MORE

Judge dismisses lawsuit filed by Agassiz Energy

A North Dakota federal judge has dismissed a lawsuit filed in July by Crookston, Minn.-based Agassiz Energy LLC, which intended to build an ethanol plant in the state. In the lawsuit, Agassiz Energy accused Fargo-based Wanzek Construction, Teton Industrial Group, Utility Engineering Corp. and Vogelbusch USA of misrepresenting themselves collectively as Bio-Renewable Group.READ MORE

Proponents of indirect land use voice opinions

Although the U.S. EPA isn't expected to release a policy proposal for public comment on the specifics surrounding the renewable fuels standard enacted in the Energy Independence & Security Act of 2007 (RFS) until later this fall, groups on both sides of the indirect land use change argument are making their voices heard.READ MORE

Growth Energy forms to fight food price myths

A group of U.S. ethanol producers has launched Growth Energy, a new advocacy organization dedicated to promoting ethanol and setting the record straight regarding ethanol's effect on food prices. It has rolled out an advertising campaign focused on dispelling the myth about ethanol's role in increasing the price of food.READ MORE

WASDE: Corn production numbers reduced

As the U.S. corn harvest nears completion, the USDA's Nov. 10 World Agricultural Supply and Demand Estimates lowered its corn production forecasts. However, with exports expected to slow, as well, the USDA raised ending stocks by 36 million bushels compared with its revised forecast from last month.READ MORE
Subscribe     Unsubscribe

308 Second Ave. N., Suite 304 | Grand Forks, ND 58203 | www.ethanolproducer.com | 701-746-8385

© BBI International 2010