Ethanol Week - March 14, 2023

Bill aims to create clean transportation standard in Minnesota Legislation currently pending in Minnesota aims to establish a clean transportation standard that would require the state’s transportation fuels to achieve 100 percent reduction in carbon intensity (CI) by 2050. READ MORE SHARE
Iowa, Nebraska signal intent to sue EPA over year-round E15 delay The attorneys general of Iowa and Nebraska on March 6 notified U.S. EPA Administrator Michael Regan of their intent to sue the agency over its illegal delay in issuing regulations to allow year-round sales of E15 within their states. READ MORE SHARE
	USDA: US ethanol exports at 117.82 million gallons in January The U.S. exported 117.82 million gallons of ethanol and 770,344 metric tons of distillers grains in January, according to data released by the USDA FAS on March 8. Exports of both products were down when compared to January 2022. READ MORE SHARE
EIA increases 2023, 2024 ethanol production, blending forecasts The U.S. Energy Information Administration increased its forecasts for both 2023 and 2024 fuel ethanol production in its latest Short-Term Energy Outlook, released March 7. The forecast for ethanol blending was also increased. READ MORE SHARE
Aemetis reports 21% increase in revenues for 2022 Aemetis Inc. released Q4 results on March 9, reporting full year revenues were up 21 percent when compared to 2021. During an earnings call, company officials discussed ongoing projects related to ethanol, RNG and SAF production. READ MORE SHARE
	A vision and beyond: POET celebrates 35 years POET is celebrating its 35th anniversary. The company, founded in 1987, currently boasts an annual production rate of 3 billion gallons of bioethanol, 14 billion pounds of animal feed, and 1 billion pounds of corn oil. READ MORE SHARE
Alto reports challenging Q4, continues to diversify operations Alto Ingredients Inc. on March 9 released Q4 results, reporting that the company was negatively impacted by commodity price swings. The company is diversifying its operations to produce high protein products, corn oil, CCS credits and RNG. READ MORE SHARE
Gevo provides update on Net Zero, RNG projects in Q4 report Gevo Inc. released Q4 results on March 9, confirming that the company’s Net Zero 1 project in South Dakota remains on schedule for startup in 2025. Gevo said its RNG project continues to ramp up operations, while its Minnesota biorefinery is idle. READ MORE SHARE
ClearFlame Engine Technologies raises $30M in series B funding Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty engines with clean, renewable fuels and create a viable business solution to reduce carbon and soot. READ MORE SHARE
EIA: Fuel ethanol production up 1%, stocks up 2% U.S. fuel ethanol production expanded by nearly 1 percent the week ending March 3, according to data released by the U.S. Energy Information Administration on March 8. Weekly ending stocks of fuel ethanol were up more than 2 percent. READ MORE SHARE
USDA maintains forecast for 2022-’23 corn use in ethanol The USDA maintained its forecast for 2022-’23 corn use in ethanol production in its latest World Agricultural Supply and Demand estimates report, released March 8. The agency also lowered its forecast for season-average corn prices. READ MORE SHARE
USDA celebrates inaugural National Biobased Products Day The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government. READ MORE SHARE