Ethanol Week - May 5, 2020

USDA to award $100 million under biofuels infrastructure program The USDA announced on May 4 it intends to make available up to $100 million in competitive grants under the Higher Blends Infrastructure Incentive Program to support activities designed to expand the availability and sale of ethanol and biodiesel. READ MORE SHARE
North Dakota offers $15M low-interest loans to ethanol producers Officials in North Dakota on April 30 announced the launch of a low-interest loan program that will provide ethanol producers located within the state up to $15 million to help weather the economic impacts of the COVID-19 pandemic. READ MORE SHARE
	Bill authorizes $600 million to support biofuel infrastructure Rep. Abby Finkenauer, D-Iowa, on April 28 announced the introduction of the Clean Fuels Deployment Act of 2020. The bill aims to provide funding for installing and converting fuel pump infrastructure to deliver higher blends of ethanol and biodiesel. READ MORE SHARE
Americans for Prosperity urges Trump to waive 2020 RFS RVOs A coalition of 24 organizations, including Americans for Prosperity, sent a letter to President Trump on April 28 urging him waive Renewable Fuel Standard blending requirements for the remainder of the year. READ MORE SHARE
Green Plains achieves progress with Project 24, high-protein feed Green Plains Inc. released first quarter financial results on May 4. The company announced progress with its Project 24 and high-protein animal feed initiatives and discussed actions it taking as a result of the COVID-19 pandemic. READ MORE SHARE
Aemetis begins deliveries of carbon dioxide Aemetis Inc. announced on May 1 that it has commenced deliveries under a long-term agreement with Messer to supply carbon dioxide (CO2) to a newly-constructed, state-of-the-art CO2 plant located adjacent to the Aemetis ethanol plant. READ MORE SHARE
ADM discusses impacts of COVID-19 on ethanol, biodiesel ADM held an earnings call to discuss Q1 results on April 30 and announced a partnership with Sazerac to increase hand sanitizer production. During the call, the company discussed the impact of COVID-19 on its operations, including biofuel production. READ MORE SHARE
EIA: Ethanol production hits new low, weekly ending stocks fall U.S. ethanol production volumes were down slightly the week ending April 24. Weekly ethanol ending stocks, however, fell by nearly 5 percent after setting record highs for four consecutive weeks, according to data released April 29 by the EIA. READ MORE SHARE
Valero: Q1 loss for ethanol segment, profit for renewable diesel Valero released first quarter 2020 financial results on April 29. While the company’s operations are being impacted by the COVID-19 pandemic, members of the executive team confirmed that demand for transportation fuels is beginning to rebound. READ MORE SHARE
DOE funds CCUS project at ethanol plant, opens new CCUS FOA The U.S. Department of Energy on April 24 announced plans to award funding to a carbon capture and storage project under development at an Illinois ethanol plant. The agency is also soliciting applications for a new round of CCUS project funding. READ MORE SHARE