Ethanol Week - August 4, 2020

ADM discusses potential for restart of idle dry mill plants ADM confirmed on July 30 that two of its dry mill ethanol plants remain idle. The company is taking a data-driven approach to determining a restart date for those plants, and said a strategic review of ADM’s ethanol business is ongoing. READ MORE SHARE
Green Plains approved for $75M in financing for protein strategy Green Plains Inc. has received final credit approval for a $75 million, 15 year term loan facility that will support the execution of its protein strategy. The company said its Wood River plant will be the next to add high protein production. READ MORE SHARE
	Grassley: Ethanol producers may have to depend on Perdue for aid Sen. Chuck Grassley, R-Iowa, said on July 28 that he would like to see $3 billion for ethanol included in a phase four COVID-19 relief package. Legislation released by the U.S. Senate in late July, however, provides no dedicated relief for ethanol. READ MORE SHARE
Ernst urges Wheeler to take action on barriers to E15 growth Sen. Joni Ernst, R-Iowa, sent a letter to U.S. EPA Administrator Andrew Wheeler on July 28 urging him to initiate a rulemaking to certify biofuel infrastructure for E15 and remove unnecessary labeling requirements for the fuel blend. READ MORE SHARE
Nebraska lawmakers consider action to promote biofuels industry A resolution introduced in the Nebraska Legislature on July 23 aims to determine what changes should be made to the state’s statutory and regulatory policies in order to enhance and promote the biofuels industry in Nebraska. READ MORE SHARE
	Valero: Q2 ethanol production down, renewable diesel sales up Valero Energy Corp. released second quarter financial results on July 30, reporting that ethanol production volumes were down approximately 50 percent when compared to the same period of 2019. Renewable diesel sales volumes, however, were up. READ MORE SHARE
EIA: Weekly ethanol production up 5.5%, stocks up 2.4% U.S. ethanol production was up approximately 5.5 percent the week ending July 24, while weekly ending stocks of fuel ethanol increased by about 2.4 percent, according to data released by the U.S. Energy Information Administration on July 29. READ MORE SHARE
Didion begins production of USP grade alcohol In response to COVID-19 , Didion has modified its ethanol production facility to meet a growing demand for high-quality industrial alcohol. The company will have the capacity to produce 50 MMgy of USP grade alcohol per year starting this fall. READ MORE SHARE
Poet produces biobased industrial alcohol Poet has announced its commitment to scale up production of industrial and beverage-grade alcohol at its biorefineries in Leipsic, Ohio, and Alexandria, Indiana. Poet said the changes will help meet growing demand caused by COVID-19. READ MORE SHARE
UNICA: Fuel ethanol sales down, ethanol sales for sanitizer up UNICA, the Brazilian sugarcane industry association, has announced ethanol production and sales were down a respective 2 percent and 14 percent during the first half of July despite a 14 percent increase in the volume of sugarcane processed. READ MORE SHARE