Ethanol Week - December 5, 2016

Court accepts $48.5M bid for Abengoa Hugoton from Synata Bio Startup Synata Bio outbid Shell Oil Co. in the bankruptcy auction for Abengoa Bioenergy Biomass of Kansas at Hugoton, Kansas. Shell's stalking horse bid of $26 million was nearly doubled in the winning bid. READ MORE SHARE
Canada announces plans for national low-carbon fuel standard On Nov. 25, the government of Canada announced plans to develop a low-carbon fuel standard that would require reductions in the carbon footprint of fuels supplied in the nation based on lifecycle analysis. READ MORE SHARE
	Corn consumption for fuel alcohol higher in October The total amount of corn used for ethanol and other industrial uses during October was 5 percent higher than it was in September and 3 percent more than was used in October 2015, according to the Dec. 1 USDA grain crushings and coproducts report. READ MORE SHARE
Rex third quarter sales, revenue up from third quarter 2015 Rex American Resources released third quarter financial results Nov. 29, reporting net sales and revenue of $116.3 million, up from $110.6 million in the third quarter of 2015. READ MORE SHARE
New chemical enhances biodiesel, ethanol production BASF is introducing a new version of its Lutropur brand of methanesulfonic acid (MSA) with higher active concentration for multiple applications in biodiesel and ethanol processing. READ MORE SHARE
Letter to EPA: Don't change RFS point of obligation Several associations sent a letter this week to Gina McCarthy, EPA administrator, expressing their unified support for keeping the renewable fuel standard (RFS) program’s point of obligation unchanged. READ MORE SHARE
STB seeks nominations to fill vacancy on RETAC The Surface Transportation Board has announced it is seeking nominations to fill a vacancy on its Rail Energy Transportation Advisory Committee. The STB is seeking candidates representing private railcar owners, lessors or manufacturers. READ MORE SHARE
Queensland RFA: Mandate shouldn’t result in higher pump prices Queensland motorists should not expect to pay more at the pump due to the state’s ethanol mandate, said Larissa Rose, Queensland Renewable Fuels Association managing director. READ MORE SHARE
Export Exchange results in $460M grain, coproduct sales Buyers at this fall's Export Exchange struck deals to purchase an amount of DDGS equivalent to roughly 8 percent of last year’s total U.S. DDGS exports. READ MORE SHARE
Shell, Cosan revise Raízen joint venture agreement Shell and Cosan have reached an agreement to strengthen the Raízen joint venture in Brazil through a change in its contractual structure that has transformed Raízen from a temporary to a permanent joint venture. READ MORE SHARE
Growth Energy: Annual October Pink Out Program a success Growth Energy partnered with major fuel retailers Sheetz, Minnoco, Protec Fuel and Murphy USA for its annual Pink Out program to raise funds and awareness for breast cancer during October. READ MORE SHARE
ePure: Proposal to phase out conventional biofuels not scientific The European Renewable Ethanol Association (ePURE) regrets the European Commission’s intentions to phase out, or significantly reduce, the use of conventional biofuels in Europe. READ MORE SHARE
RFA: Most manufacturers approve using E15 in MY 2017 vehicles More than 80 percent of new 2017 model year vehicles are approved by the manufacturer to use E15 , according to an analysis of warranty statements and owner’s manuals conducted by the Renewable Fuels Association. READ MORE SHARE