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Iowa economists: 2014 ethanol prices drop to 58% of retail gas

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By Susanne Retka Schill

April 14, 2014

Business 

The continuing shifting relationships between ethanol, corn and gasoline are the subject of two analyses done by Iowa agricultural economists Don Hofstrand and Robert Wisner for the AgMarketing Resource Center newsletter.

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After getting approval in March for a $250,000 grant from Hopewell's City Council, Vireol Bio-Energy LLC announced it is opening its multi-feedstock ethanol plant, which will be the biggest ethanol plant on the East Coast.

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The Federal Trade Commission has published a proposed rule to amend its Rule for Automotive Fuel Ratings, Certification and Posting that would adopt and revise rating, certification and labeling requirements for ethanol-gasoline blends.

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Ceres Inc. released its second quarter financial results and an update on its efforts in Brazil during a webcast on April 10. The company said it has increased its planting of sorghum in Brazil, where it is pursuing ethanol and biomass power markets.

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With corn oil extraction widely implemented, the ethanol industry turns to improving yields and efficiency.

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China's fast-growing demand for oil, and its continued dependency on sugar-based ethanol, is opening up opportunities for advanced ethanol technologies, according to Lux Research.

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On April 10, representatives of the Renewable Fuels Association and Growth Energy presented testimony at a Surface Transportation Board hearing. The testimony focused on the negative impact that rail congestion is having on the ethanol industry.

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The U.S. Energy Information Administration included a slight revision of projected 2014 U.S. ethanol production in the April issue of its Short-Term Energy Outlook. The EIA now predicts 2014 ethanol production will average 908,000 barrels per day.

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The International Fuel Ethanol Workshop & Expo will celebrate its 30th anniversary in June. With plant personnel making up more than a fourth of its 2,000 attendees, the world's longest-running ethanol event is still “Where Producers Meet."

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RFA calls CARB's ILUC analysis out of date

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By Renewable Fuels Association

April 10, 2014

The Renewable Fuels Association has submitted comments to the California Air Resources Board pertinent to CARB's draft indirect land use change analysis. The comments express concern with many aspects of the draft.

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RFA: Poll shows Americans overwhelmingly support the RFS

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By Renewable Fuels Association

April 09, 2014

A new national poll conducted by American Viewpoint found 65 percent of adults support the renewable fuel standard (RFS), while just 26 percent are opposed. Support for the RFS has been steadily rising, increasing from 61 percent in 2012.

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The ethanol industry needs to call for new fuel testing standards when testing gasoline with varying ethanol content, according to Steve Vander Griend, technical manager of fuel and engine technology at ICM Inc.

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Syngenta has announced an agreement with Cellulosic Ethanol Technologies LLC, a wholly owned subsidiary of Quad County Corn Processors, to license its Adding Cellulosic Ethanol technology, a new process for ethanol plants.

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On April 7, the U.S. Court of Appeals for the District of Columbia heard oral arguments in a lawsuit challenging the U.S. EPA's final rule for 2013 renewable fuel standard (RFS). The petitioners are asking the court to vacate the EPA's rulemaking.

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BBI International's Tom Bryan introduces the June Ethanol Producer Magazine. The issue contains a look-back at past International Fuel Ethanol Workshop & Expos as well as several stories about corn oil, which is theme for the month.

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A new corn oil technology developed by a fluid purification company offers multiple coproducts, improved ethanol yield and water balance, and other benefits.

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Grain Processing Corp. of Muscatine, Iowa, a wet mill that produces quality alcohol and some fuel ethanol, has been ordered to pay a $1.5 million civil penalty for environmental violations and will transition from coal to natural gas.

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LanzaTech will be moving its headquarters to Illinois as it continues to develop its projects in China and Soperton, Ga. The company's process turns industrial and biomass-based gases into ethanol and other chemicals.

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Two value-added distillers grains companies have come up with a plan to put more distillers grains into a cattle feed supplement, from what the cattle eat to the pan it's put into.

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GeoSynFuels LLC has acquired the cellulosic demonstration facility formerly owned and operated by Blue Sugars Corp., the parent company of Western Biomass Energy LLC. GSF plans to retrofit the plant to use its proprietary 5CS Technology.

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A group of Nebraska, Iowa, and Ohio corn farmers have returned from a multi-state trade mission to Brazil excited about the potential relationships and similarities of ethanol fuel.

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An early morning fire on March 31, destroyed about 5,200 of the 55,000 corn stover bales stored at a 30-acre DuPont stover storage site located about 10 miles northeast of Nevada, Iowa. It is suspected lightning started the fire.

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The Senate Finance Committee approved tax credit extension package on April 3 that includes several biofuel and bioenergy provisions. The committee voted down an amendment that aimed to strip biofuel and renewable energy credits from the bill.

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Purdue University researchers are launching a company, Spero Energy Inc., focusing on an innovative process that could revolutionize how lignocellulosic biomass is used to make biofuels and other bio-based products and chemicals.

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EIA: Rail congestion, cold weather raise ethanol spot prices

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By U.S. Energy Information Administration

April 03, 2014

Ethanol spot prices have increased steadily since early February. By late March, New York Harbor spot ethanol prices exceeded prices for RBOB (the petroleum component of gasoline) by more than $1 per gallon.

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A Texas county commission recently voted to waive all but 5 percent of a Plainview, Texas, ethanol plant's taxes, as part of a 10-year tax abatement pact signed with the county in 2009.

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The Senate Finance Committee is scheduled to markup a tax extenders bill on April 3. The legislation, titled the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, includes extensions of several biofuel tax credits.

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A minor fire that broke out in a section of ductwork at Monroe, Wis.-based Bader State Ethanol LLC is not expected to impact plant operations. The incident occurred in the early morning hours of April 1. No injuries were reported.

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American Ethanol to plant trees to put more green in spring

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By National Corn Growers Association

April 02, 2014

The National Corn Growers Association will join NASCAR in kicking off its second year of the NASCAR Race to Green Campaign. The campaign is intended to highlight the environmental accomplishments of green programs put in place by NASCAR.

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The Iowa Senate has passed a bill that aims to extend the deadline for renewable energy projects to qualify for the state's renewable energy tax credits. It also has provisions that apply to cogeneration projects associated with ethanol plants.

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