Ethanol Week - August 16, 2022

House passes Inflation Reduction Act The House on Aug. 12 voted 220 to 207 to pass the Inflation Reduction Act, a legislative package that includes a wide range of provisions that benefit the biofuel and bioenergy industries. President Biden is expected to sign the bill soon. READ MORE SHARE
Gevo to celebrate Net Zero 1 groundbreaking in September Gevo Inc. plans to host a groundbreaking ceremony in September to kick off the initial site work phase at its proposed Net Zero 1 facility under development in Lake Preston, South Dakota, according to comments made by CEO Patrick Gruber on Aug. 8. READ MORE SHARE
	39th Annual Fuel Ethanol Workshop & Expo to be held June 12-14 BBI International has announced the 39th Annual International Fuel Ethanol Workshop & Expo will be held June 12-14, 2023 at the CHI Health Center in Omaha, Nebraska. Speaker presentation abstracts will be accepted through Feb. 10, 2023. READ MORE SHARE
EIA maintains 2022-’23 forecast for corn use in ethanol The USDA reduced its estimate for 2021-’22 corn use in ethanol by 25 million bushels in its latest World Agricultural Supply and Demand Estimates report, released Aug. 12. The forecast for 2020-’23 corn use in ethanol was maintained. READ MORE SHARE
USDA: US corn production down 5% from last year U.S. corn production for 2022 is expected to reach 14.4 billion bushels, down 5 percent when compared to last year, according to the USDA National Agricultural Statistics Service’s latest Crop Production report, released Aug. 12. READ MORE SHARE
	Novozymes reports 23% increase in bioenergy sales Novozymes released its interim report for the first half of 2022 on Aug. 11, reporting a 23 percent increase in bioenergy sales for the first half of the year, with second quarter bioenergy sales up 19 percent. READ MORE SHARE
EIA: Ethanol production down 2%, stocks down 1% U.S. fuel ethanol production fell by 2 percent the week ending Aug. 5, according to data released by the U.S. Energy Information Administration on Aug. 10. Stocks of fuel ethanol were down approximately 1 percent. READ MORE SHARE
Alto highlights plant improvement projects in Q2 earnings call Alto Ingredients Inc. released second quarter financial results on Aug. 8, reporting increased net sales and net income. During a second quarter earnings call, CEO Mike Kandris discussed various plant improvement and upgrade projects. READ MORE SHARE
EIA maintains forecasts for 2022, 2023 ethanol production The U.S. Energy Information Administration maintained its forecasts for 2022 and 2023 fuel ethanol production in its latest Short-Term Energy Outlook, released Aug. 9. The agency also maintained its forecast for 2022 and 2023 ethanol consumption. READ MORE SHARE
USGC signs ethanol MOU in Philippines during ATM During a recent USDA agricultural trade mission to the Philippines, representatives from the U.S. Grains Council and Mariano Marcos State University signed a memorandum of understanding (MOU) on biofuels. READ MORE SHARE
Growth Energy comments on updates to California LCFS On Aug. 9, Growth Energy Senior Vice President of Regulatory Affairs submitted comments to the California Air Resources Board following its initial workshop on potential revisions to its low carbon fuel standard (LCFS). READ MORE SHARE
Summit Carbon Solutions: 700+ Iowa landowners sign easements With over 700 Iowa landowners having signed more than 1,200 voluntary easements in the state, Summit Carbon Solutions has made significant progress in advancing its transformative carbon capture and storage project. READ MORE SHARE