Ethanol Week - March 17, 2020

Canada ratifies USMCA trade agreement The Canadian Parliament approved the U.S-Mexico-Canada (USMCA) trade agreement on March 13. The trade pact, which replaces the North American Free Trade Agreement, has now been ratified by all three countries. READ MORE SHARE
COVID-19 lowers corn demand, ethanol price A report from University of Illinois Extension shows weak demand for corn for ethanol use in the middle of the COVID-19 pandemic. Ethanol production will fall dramatically, it predicts, with gasoline consumption expected to be down about 20 percent. READ MORE SHARE
	Red Trail Energy to begin drilling well for carbon sequestration Sen. John Hoeven, R-N.D., announced March 11 that Red Trail Energy will begin the drilling of a stratigraphic well, designed with the intent to be permitted as a Class VI injection well and used to sequester CO2 from the company’s ethanol plant. READ MORE SHARE
Executive order expands Oregon’s Clean Fuels Program Oregon Gov. Kate Brown signed an executive order on March 10 that sets a new goal for greenhouse gas (GHG) reduction and outlines several steps the state will take to combat climate change, including expanding Oregon’s Clean Fuels Program. READ MORE SHARE
EIA increases 2020 ethanol production forecast The U.S. Energy Information Administration slightly increased its forecast for 2020 ethanol production in its latest Short-Term Energy Outlook, released March 11. The 2021 forecast, however, was unchanged. READ MORE SHARE
	UDSA: US ethanol, distillers grains exports up in January The U.S. exported 151.23 million gallons of ethanol and 976,688 metric tons of distillers grains in January, according to data released by the USDA Foreign Agricultural Service on March 6. Exports of both products were up from the previous month. READ MORE SHARE
RFA calls for White House to act as COVID-19 roils energy markets The ethanol industry is being adversely affected not only by the economic constraints caused by the coronavirus, but also by the oil price war, ongoing trade disputes and EPA’s small refinery waivers, according to the RFA. READ MORE SHARE
Aemetis provide updates of RNG, cellulosic ethanol projects Aemestis Inc. released fourth quarter financial results on March 12, reporting increased revenues and progress with the development of its cellulosic ethanol and renewable natural gas (RNG) projects. READ MORE SHARE
Gevo says goodbye to fossil-based electricity at Luverne facility Gevo Inc. and partners Juhl Energy and Harrison Street Investors held a ribbon cutting ceremony to celebrate the completed construction of two wind turbines that will supply up to 5.0 MW of fully renewable electricity to Gevo's biorefinery. READ MORE SHARE
USDA: March WASDE maintains forecast for corn use in ethanol The USDA maintained its forecast that 5.425 billion bushels of corn will be used to produce ethanol during the 2019-’20 crop year in its latest World Agricultural Supply and Demand Estimates report, released March 10. READ MORE SHARE