Ethanol Week - July 19, 2022

Red Trail Energy begins carbon capture and storage The first carbon capture and storage (CCS) project allowed under state primacy in the U.S. has commenced operations. Red Trail Energy LLC officially began CCS at its ethanol facility located near Richardton, North Dakota, on June 16. READ MORE SHARE
CoBank highlights ethanol industry's strong Q2 The U.S. ethanol industry delivered a very strong Q2, according to the latest quarterly report issued by CoBank’s Knowledge Exchange on July 14. Ethanol profits and production remain robust despite record gas prices, according to the report. READ MORE SHARE
	CARB releases E15 emissions study The California Air Resources Board on July 15 released the results of a multi-year study on the emissions impact of E15. The study highlights the air quantity benefits that could be achieved by adopting the use of E15 within the state. READ MORE SHARE
EIA increases 2022, 2023 fuel ethanol production forecasts The U.S. Energy Information Administration increased its forecasts for 2022 and 2023 fuel ethanol production in its latest Short-Term Energy Outlook, released July 13. The forecast for 2023 fuel ethanol consumption was also increased. READ MORE SHARE
EU ethanol production, consumption expected in increase in 2022 Ethanol consumption in the European Union was up an estimated 5.5 percent last year, surpassing the pre-COVID level of 2019 and setting a new record. EU ethanol consumption is expected to expand an additional 2.3 percent this year. READ MORE SHARE
	European groups comment on key RED vote in Parliament The European Parliament's ITRE Committee members voted decisively in favor of increasing the ambition for GHG emissions reduction in transport while leaving Member States free to use crop-based biofuels in their transport energy mix. READ MORE SHARE
USGC showcases ethanol’s carbon benefits at G20 meeting U.S. Grains Council Regional Director for Southeast Asia and Oceania Caleb Wurth showcased the significant role fuel ethanol plays in decarbonizing the transport sector and bolstering fuel security during a G20 workshop. READ MORE SHARE
EIA: Ethanol production down 4%, stocks up 1% U.S. fuel ethanol production fell nearly 4 percent the week ending July 8, according to data released by the U.S. Energy Information Administration on July 13. Ethanol stocks expanded by nearly 1 percent. READ MORE SHARE
USDA maintains 2020-’23 forecast for corn use in ethanol The USDA maintained its forecast for 2022-’23 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released July 12. The 2022-’23 corn outlook is for increased supplies and higher ending stocks. READ MORE SHARE
RFA: Ethanol Days of Summer free fuel contest continues The Renewable Fuels Association’s Ethanol Days of Summer Contest, which offers free fuel to participants for reporting prices of E15 and E85, continues through Labor Day. Each week, RFA awards $250 in free fuel. READ MORE SHARE
EIA: RIN prices for ethanol, biomass-based diesel remain high The prices of RIN credits—a compliance mechanism used for the RFS program administered by the U.S. EPA—have remained high in 2022. So far this year, D4 RINs peaked on April 28 at $1.91 per gallon and D6 RINs peaked on June 7 at $1.68 per gallon. READ MORE SHARE
ePURE: ITRE Committee vote is a step in the right direction The European Parliament's ITRE Committee members voted on July 13 in favor of increasing the ambition for GHG emissions reduction in transport and allowing Member States to continue using a limited amount of crop-based biofuels. READ MORE SHARE