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CropEnergies: Ethanol production, revenue up in Q1-Q3

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By Erin Voegele

January 18, 2023

Feedstocks Business Operations Markets Coproducts 

European ethanol producer CropEnergies has released financial and operational results for the first three quarters of its fiscal year, which began March 1, 2022, reporting increased ethanol production and higher revenues.

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The DOE has released the U.S. National Blueprint for Transportation Decarbonization, which focuses on achieving net-zero emissions in the transportation. The blueprint, in part, discusses the role sustainable fuels can play in reaching that goal.

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The call for speaker presentation ideas is now open for the 2023 International Fuel Ethanol Workshop & Expo (FEW). The three-day event is scheduled to take place June 12-14, 2023 in Omaha, Nebraska.

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The U.S. exported 81.44 million gallons of ethanol and 728,409 metric tons of distillers grains in November, according to data released by the USDA Foreign Agricultural Service on Jan. 5. Exports of both products were down.

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The USDA recently released its Grain Crushings and Co-Products Production report for December, reporting that corn use for fuel ethanol production in October was up when compared to the previous month, but down when compared to October 2021.

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The U.S. EPA on Jan. 3 released an external review draft of its third triennial report to congress on biofuels and environment for public comment. A 60-day public comment period will be open through March 6.

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Treasury, IRS issues guidance on new SAF tax credit

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By U.S. Treasury Department

December 27, 2022

The Treasury Department and Internal Revenue Service on Dec. 19 issued a notice regarding the sustainable aviation fuel (SAF) credit. The new credit was created by the Inflation Reduction Act of 2022.

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Green Plains Inc., Tallgrass and Osaka Gas USA on Dec. 21 announced the commencement of a joint feasibility study to evaluate the production of up to 200,000 tons per year of synthetic methane in the U.S. Midwest.

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2022 was a year of positive change for POET, including an acquisition that expanded global market access, new opportunities for POET's bioproducts, and a visit from President Biden to announce summertime E15.

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USGC representatives recently traveled to Sharm El-Sheikh, Egypt, to participate in the 2022 UN Framework Convention on Climate Change, an event held each year where 197 nations come together to discuss how to jointly address climate change.

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U.K. ethanol producer CropEnergies in early December announced that it will continue operations at its Ensus production plant in Wilton, U.K. The company also announced plans to build a renewable ethyl acetate plant in Germany.

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Rex American Resources released fiscal Q3 results on Dec. 1, reporting increased sales for the three-month period ending Oct. 31. Executive Chairman Stuart Rose said the company remains profitable moving into Q4 despite challenging crush spreads.

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Virgin Atlantic on Dec. 6 announced the purchase of 10 million U.S. gallons per annum of sustainable aviation fuel (SAF) to be produced by Gevo Inc. and supplied by Virgin Atlantic's joint venture partner, Delta Air Lines.

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The U.S. exported 83.77 million gallons of ethanol and 798,100 metric tons of distillers grains in October, according to data released by the USDA Foreign Agricultural Service on Dec. 6. Exports of both products were down.

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Axens announced it has demonstrated the succesfull start-up of the first ethanol-to-ethylene pilot plant based on Axens Atol technology with Sumitomo Chemical. The facility is part of a waste-to-polyolefins project in Japan.

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To reengage with the poultry sector in Egypt, U.S. Grains Council staff in the Middle East, Africa and Europe region traveled to the country in early November to conduct a general trade servicing mission. The event, in part, addressed DDGS.

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President Joe Biden on Dec. 2 signed legislation to implement tentative agreements reached between railroads and workers in September, avoiding an economically devastating rail strike that was set to begin Dec. 9.

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The USDA recently released its Grain Crushings and Co-Products Production report for November, reporting that corn use for fuel ethanol was down in September when compared to both the previous month and September 2021.

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U.S. Grains Council staff, alongside agribusiness and producer members, recently had the privilege of participating on the USDA agriculture trade mission (ATM) to both Nairobi, Kenya, and Zanzibar, Tanzania.

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U.S. EPA Administrator Michael S. Regan has announced the appointment of 20 members, including the new committee chair and committee vice-chair to the Farm, Ranch, and Rural Communities Federal Advisory Committee.

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Scientists from NASA and Boeing recently met near Seattle to test whether an aircraft with engines burning different blends of sustainable aviation fuels produced fewer soot particles than traditional jet fuel.

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Ethanol Producer Magazine's editor previews the feature articles in the publication's December edition while reflecting on the rise of EVs, the promise of higher-level ethanol blends and the enormity of the industry's burgeoning SAF opportunity.

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Summit Carbon Solutions reached another major project milestone as the company has now secured easement agreements for more than 50 percent of the proposed pipeline route in South Dakota, with 650 easement agreements signed.

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The Senate Ag Committee on Nov. 15 continued its work to develop the 2023 Farm Bill with a hearing focused on rural development and energy programs, including HBIIP, REAP, the BioPreferred Program, and 9003 loan guarantee program.

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Total ethanol production in Brazil is expected to be up nearly 9 percent this year, with fuel ethanol production up by nearly 8 precent, according to a report filed with the USDA Foreign Agricultural Service's Global Agricultural Information Network.

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Gevo Inc. announced progress with its RNG project during a Q3 earnings call held Nov. 8. The company also provided an update on its SAF project under development in South Dakota and discussed plans to pursue CCS.

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Alto Ingredients Inc. on Nov. 7 released third quarter financial results and announced it has entered into a $125 million senior secured term loan facility that will support efforts to complete strategic upgrades.

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Summit Carbon Solutions has signed approximately 3,400 easement agreements totaling 1,030 miles across Iowa, Minnesota, Nebraska, South Dakota and North Dakota. The agreements cover more than half of the proposed CCS pipeline route.

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The Renewable Fuels Association and Growth Energy are among the organizations that participated in a virtual roundtable with the U.S. Department of Treasury on Nov. 7 that focused on implementation of the Inflation Reduction Act.

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On Nov. 4, Growth Energy sent a letter to the U.S. Department of the Treasury on implementation of Inflation Reduction Act of 2022 tax credits for SAF. The letter urges regulators to use accurate, science-based lifecycel carbon assessement methods.

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