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Green Plains sees strong Q3 earnings, positive ethanol outlook

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By Susanne Retka Schill

October 30, 2013

Business Operations Markets 

Earnings at Green Plains Renewable Energy Inc. made a strong recovery, according to the company's third quarter report. "We believe ethanol industry fundamentals are as positive as we have seen in recent history," said Todd Becker, president and CEO.

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Archer Daniels Midland Co. reported financial results for the third quarter on Oct. 29. One of the highlights was corn processing profit increased $91 million, which ADM attributed to ethanol margin recovery.

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The Biotechnology Industry Organization and the Advanced Ethanol Council issued a letter to the White House on Oct. 29, expressing concerns over a draft proposal for the 2014 renewable fuel standard (RFS) that was leaked earlier this month.

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The corn harvest is progressing rapidly, at 59 percent harvested in the 18 leading corn production states, compared to just 39 percent a week ago, according to USDA's weekly Crop Progress report released Monday.

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Ceres Inc. and Syngenta AG have extended their joint market development agreement in Brazil, where Ceres has been introducing its sweet and high-biomass sorghum varieties at Brazilian ethanol mills.

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Novozymes recently released its nine-month interim financial report, which reveals that the company's new trademarked enzyme technologies, Avantec and Spirizyme Achieve, have been well received by its customers, the company said.

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AAA is urging the U.S. EPA to include lower mandates for ethanol in the 2014 renewable fuels standard (RFS), claiming that higher ethanol blends could damage engines. The American Petroleum Institute is also continuing its fight against the RFS.

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The U.S. EPA has published new renewable fuel standard (RFS) compliance data, showing that both D3 cellulosic biofuel and D7 cellulosic diesel renewable identification numbers (RINs) were generated in September.

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The U.S. EPA has released its third year of greenhouse gas data gathered through its Greenhouse Gas Reporting Program, which tracks more than 8,000 facilities in the U.S. An online tool provides users with easy access to the information.

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IRFA releases E15 sales data, declares E10 blend wall dead

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By Iowa Renewable Fuels Association

October 25, 2013

On the heels of surging E15 and E85 sales, the Iowa Renewable Fuels Association has declared the so-called E10 blend wall dead. The Organization has released the first month of sales data for E15 in Iowa following its Sept. 16 reintroduction.

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Bunge Ltd. reported disappointing earnings in its Brazilian sugar and ethanol holdings, although overall, the agribusiness firm reported third quarter earnings before interest and taxes (EBIT) of $404 million on $14.7 billion in sales.

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Trial testing of Enogen corn at Bonanza BioEnergy LLC has convinced Conestoga Energy Partners LLC to sign a second commercial agreement to use Syngenta's corn with enzymes built right into it at two of the three plants it manages and operates.

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After being shut down and idle for more than five years, the ethanol plant in Pratt, Kan., is back in business under the ownership of Pratt Energy, a partnership between The Scoular Company and Pratt Biofuel Investors.

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Thirteen members of Congress have sent a letter to the U.S. Commodity Futures Trading Commission advocating for an investigation into the role fraud and manipulation have played in the volatility of the renewable identification number (RIN) markets.

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Edeniq Inc. has announced that Flint Hills Resources Renewables LLC will expand its use of Edeniq's Cellunator proprietary technology by installing Cellunators at two additional locations. Flint Hills already employs the process in Fairbank, Iowa.

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RFA, USGC to hold 2014 Export Exchange in Seattle

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By Renewable Fuels Association

October 23, 2013

The Renewable Fuels Association and U.S. Grains Council have announced that Export Exchange 2014 will take place Oct. 20-22 in Seattle. The event, held every two years, is the nation's premier international trade conference on coarse grains.

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Yokogawa Electric Corp. announced that its subsidiary, Yokogawa America do Sul Ltda., has received an order to supply the control system and field instruments for the Sao Miguel dos Campos second-generation ethanol plant in Brazil.

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Enerkem Inc. and Myriant Corp. are two of the companies highlighted by Lux Research in its recently released top-10 list of companies profiled during the third quarter of 2013. The selected companies show potential for near-term growth.

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A group of 30 biomass companies and organizations recently wrote to four congressmen supporting mandatory funding for Farm Bill Energy Title programs. The letter highlighted the economic benefits those programs can bring to rural areas.

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The USDA has announced it is accepting applications for the Biorefinery Assistance Program, which provides loan guarantees to viable commercial-scale advanced biofuel projects. Applications are due Jan. 30, 2014.

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The National Corn-to-Ethanol Center opened its doors for tours, lunch and demonstrations during a recent open house celebration. NCERC began operation in October 2003, and conducts biofuel research for both the public and private sectors.

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Penn State Extension has announced plans to host a two-day short course on next generation biomass conversion in Philadelphia Nov. 11-12. The event will feature researchers and biofuel business developers who will discuss a wide range of issues.

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Energias Renovaveis do Brasil has signed a contract to construct a cogeneration facility to produce power and steam from sugarcane bagasse biomass at an ethanol plant owned by SVAA, a joint venture of Dow Chemical and Mitsui & Co.

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ICM Inc. has announced that Patriot Renewable Fuels LLC of Annawan, Ill., has purchased its patent-pending Selective Milling Technology, a value-added ICM platform technology that increases ethanol yield, reduces viscosity and increases oil recovery.

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After the drought of 2012, ethanol producers saw a strong increase in grind margins, better ethanol netbacks and decreased feedstock costs in the first two quarters of 2013, according to a recently Christianson & Associates PLLP report.

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RFA, BNSF to host ethanol safety seminar in Tacoma, Wash.

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By Renewable Fuels Association

October 17, 2013

The Renewable Fuels Association and the Burlington Northern Santa Fe Railway will co-host a free Ethanol Safety Seminar on Oct. 23 and 24 at the Tacoma Fire Department Training Center in Tacoma, Wash.

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Government officials in Iowa have announced a new biofuels pilot program called "Fueling Our Future." The public-private partnership aims to help expand the market for mid-level biofuel blends, including ethanol and biodiesel.

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UNICA, the sugarcane industry association of Brazil, recently reported that rains are slowing the sugarcane harvest in South-Central Brazil. However, the quantity of sugarcane processed and volume of ethanol produced are still up from last year.

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University of Florida gets new distillation module

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By Greenbelt Resources Corp.

October 16, 2013

Greenbelt Resources Corp. and its wholly-owned subsidiary Diversified Ethanol Corp., a provider of sustainable energy production systems, has announced delivery of a distillation module to the University of Florida.

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Germany-based CropEnergies AG has released financial results for the first half of its 2013-'14 financial year, which spans from March 1 through Aug. 31. The company has reported increased revenues and startup activities at its Ensus plant.

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