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ADM reports improved results for ethanol subsegment, delays Q3 earnings call

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By Erin Voegele

November 06, 2024

Operations Business 

Archer Daniels Midland Co. on Nov. 4 released preliminary third quarter 2024 highlights, reporting strong performance for its Carbohydrates Solutions business. The company postponed its third quarter earnings call due to accounting errors.

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Strength Through Diversification

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By Luke Geiver

November 06, 2024

Chief Ethanol is celebrating 40 years of operation in south-central Nebraska—a milestone made possible by its parent company’s seven-decades-long strategy of enterprise breadth.

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The U.S. exported 148.49 million gallons of ethanol and 1.01 million metric tons of distillers grains in September, according to data released by the USDA on Nov. 5. Exports of ethanol were up, while exports of distillers grains were down slightly.

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The Andersons Inc. released third quarter financial results on Nov. 5, reporting record third-quarter pretax income for its renewables segment on strong operating performance and improved ethanol margins.

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The American Fuel & Petrochemicals Manufacturers on Nov. 1 petitioned the U.S. EPA to waive a portion of the compliance year 2024 Renewable Fuel Standard renewable volume obligation (RVO) for cellulosic biofuel.

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In honor of Veterans Day, a special fuel promotion will give local drivers access to a deep fuel discount on two popular ethanol fuel blends, sponsored by Kansas Corn and Veterans for Renewable Fuels.

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LanzaTech Global Inc. has announced plans to develop a commercial-scale carbon capture and utilization (CCU) facility at Herøya Industrial Park in Porsgrunn, Norway. The plant will produce ethanol and is expected to begin operations in 2028.

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ICM has signed an EPC agreement to provide Absolute Energy LLC, with its patented FOT Oil Recovery technology, which enhances oil production while reducing natural gas consumption and improving the facility’s overall energy efficiency.

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Green Plains Inc. released Q3 financial results on Oct. 31, reporting improved ethanol margins. Company officials discussed the successful startup of Green Plains’ Clean Sugar Technology facility and the planned retirement of CFO Jim Stark.

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The California Air Resources board has announced an historic agreement with the nation’s leading passenger and cargo airlines to dramatically accelerate the use of sustainable aviation fuel (SAF) for flights within the state.

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U.S. fuel ethanol production was up slightly the week ending Oct. 25, according to data released by the U.S. Energy Information Administration on Oct. 30 Stocks of fuel ethanol fell by 2% and exports were down more than 43%.

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The USDA on Oct. 29 announced it is awarding $39 million in grants to more than three dozen projects under its Higher Blends Infrastructure Incentive Program to support increased availability of ethanol and biodiesel.

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The USDA on Oct. 29 announced it is allocating $200 million to the newly created Biobased Product Market and Access Grant Program, which will support innovative biobased technologies and bridge the gap between pilot-scale demonstrations and commercial viability.

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Whitefox Technologies has announced the successful installation of the Whitefox ICE XL membrane dehydration system at Western Plains Energy LLC ethanol plant in Oakley, Kansas. The solution enables the plant to reduce natural gas use by 50%.

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In October, the U.S. Grains Council sent a delegation to Italy and Spain to meet with private sector leaders and influential policymakers to learn how to assist the countries in their ongoing efforts to reduce carbon emissions in the transportation sector.

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The Renewable Fuels Foundation is now offering scholarships for college students interested in attending the annual National Ethanol Conference, taking place Feb. 17-19 in Nashville, Tennessee. Applications are due Jan. 9.

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CTE Global has added Innova Eclipse yeast to its portfolio. Innova Eclipse uses the most advanced technologies to push past fermentation limits, significantly reducing glycerol levels and increasing ethanol yields.

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KATZEN International Inc. on Oct. 23 announced the completion and startup of the INPASA Agroindustrial S/A ethanol plant expansion project in Sinop, Mato Grosso, Brazil. The project boosted the plant’s capacity 554.76 MMgy.

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Valero Energy Corp. released Q3 financial results on Oct. 24, reporting increased production for both its ethanol and renewable diesel segments. Valero’s SAF project is expected to be fully operational before the end of the year.

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Technip Energies and Enerkem Inc. have signed a collaboration agreement, solidifying their commitment to accelerate the deployment of Enerkem’s technology to convert non-recyclable waste and residues into sustainable fuels and chemical products.

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LanzaTech Global Inc. has been awarded $3 million by the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management, as part of a broader $29 million investment program to advance its carbon management priorities.

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The Brazilian Development Bank (BNDES) in mid-October announced support for two new corn ethanol projects. Together, the projects will boost the country’s corn ethanol production capacity by an estimated 130 MMgy.

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IFF, an industry leader in food, beverage, health, biosciences, and scent, on Oct. 21 announced the launch of its OPTIMASH F200 and OPTIMASH AX enzyme solutions in combination to maximize corn oil recovery at fuel ethanol plants.

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Alto Ingredients Inc. has announced its Magic Valley facility in Idaho is operating at full capacity. The facility has installed Harvesting Technology’s patented system to capture its high protein and corn oil products.

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New Energy Risk, a wholly owned division of Paragon Insurance Group, and Ecostrat on Oct. 22 announced a partnership to develop Feedstock Supply Insurance, an insurance offering that aims to mitigate risk in biomass feedstock supply chains.

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The U.S. Treasury Department and IRS on Oct. 18 issued additional guidance for the 40B SAF tax credit. The new guidance, Notice 2024-74, addresses the use of an updated 40BSAF-GREET 2024 model released by the U.S. Department of Energy in October.

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ICM Inc. has announced the successful startup and commissioning of its FOT Oil Recovery system at Elite Octane LLC’s ethanol facility in Atlantic, Iowa. The newly installed system is exceeding anticipated oil recovery and performance targets.

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Propel Fuels Inc., a leading retailer of low-carbon fuels at stations throughout California, was awarded victory by a jury in its trade secrets misappropriation case against Phillips 66 Co., following a five-week trial.

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EIA: US capacity to produce biofuels increased 7% in 2023

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By U.S. Energy Information Administration

October 18, 2024

Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category the EIA calls renewable diesel and other biofuels.

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U.S. fuel ethanol production was up slightly the week ending Oct. 11, according to data released by the U.S. Energy Information Administration on Oct. 17. Stocks of fuel ethanol were up less than 1% and exports were down nearly 1%.

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