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Verbio acquires Indiana ethanol plant, plans to add RNG capacity

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By Verbio North America Holdings Corp.

May 02, 2023

BusinessOperationsCoproducts

Verbio North America Holdings Corp. announced on May 1 the signing and closing of a purchase agreement with Mercuria Investments US Inc. to acquire South Bend Ethanol LLC. Verbio plans to add RNG production capacity to the facility.

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BBI International has entered into a collaborative agreement with the Commercial Aviation Alternative Fuels Initiative to produce the first annual North American SAF Conference & Expo. The conference will be held in Minneapolis on Aug. 29-30.

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Summit Carbon Solutions has signed a multi-year agreement to sell carbon dioxide removal credits (CDRs) to the NextGen CDR Facility (NextGen). In total, NextGen announced the purchase of 193,000 tons of CDRs from three projects.

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POET has signed an exclusive partnership agreement with Midwest Commodities in Detroit, Michigan. As part of the agreement, Midwest Commodities will provide DDGS truck-to-container transload services solely to POET.

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The USDA recently released its Grain Crushings and Co-Products Production Report for April, reporting that corn use for fuel ethanol in February was down when compared to both the previous month and February 2022.

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The European Commission announced on April 26 that a political agreement has been reached on the REFuelEU Aviation proposal, which creates a mandate requiring the use of sustainable aviation fuel (SAF).

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USGC Chairman Josh Miller joined USGC staff to share the benefits of U.S. ethanol at the Seoul Mobility Show in Seoul, South Korea. The USGC's Korea office also held various events for the nearly 4,000 attendees at its booth this year.

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The looming battle over the U.S. debt ceiling could result in the repeal of the sustainable aviation fuel (SAF), clean fuels, clean hydrogen and renewable diesel/biodiesel tax credits, along with the scaling back of the 45Q tax credit for CCS.

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The U.S. Grains Council's Europe, Middle East and Africa (EMEA) office had two opportunities to promote distiller's dried grains with solubles (DDGS) in March, including at an event in Turkey and a tour of three Saudi Arabian cities.

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Gevo Inc. and LG Chem Ltd. announced on April 12 that they have entered into a joint development agreement to develop bio-propylene for renewable chemicals using Gevo's ethanol-to-olefins (ETO) technology.

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The USGC has released a handbook about new and evolving high-protein corn co-products produced by the U.S. ethanol industry. It is meant to update international customers on the nutritional profiles of these products and their feed applications.

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Technip Energies has been awarded the contract for the FEED phase of LanzaTech's DRAGON SAF project based on LanzaJet alcohol-to-jet (ATJ) technology. The project is on track to be one of the first commercial SAF facilities in the U.K.

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Green Plains is developing new technologies and coproducts. CEO Todd Becker talks about the company's various projects related to protein, corn oil, clean sugar and carbon, as well as a newly announced joint venture in SAF.

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Metacon has announced Switzerland-based WattAnyWhere (WaW) has ordered its second ethanol-to-green hydrogen reforming system from Metacon subsidiary Helbio. Deliver of the system is planned for the fourth quarter of this year.

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The U.S. Grains Council on April 6 announced it is now accepting applications to join its seven Advisory Teams (A-teams), including the Ethanol A-team, for the 2023-2025 term. Applications are due April 30.

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In March, a delegation of public and private sector representatives from Mexico, Costa Rica, Ecuador, Panama and Colombia traveled to North Dakota to see the U.S. ethanol industry in action before attending the RFA's National Ethanol Conference.

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The U.S. exported 104.03 million gallons of ethanol and 764,494 metric tons of distillers grains in February, according to data released by the USDA Foreign Agricultural Service on April 5. Exports of both products were down.

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The USDA recently released its Grain Crushings and Co-Products Production Report for March, reporting that corn use for fuel ethanol production in January was up when compared to the same month of 2022.

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To identify opportunities to increase corn and distillers dried grains with solubles (DDGS) exports to Nicaragua, U.S. Grains Council staff in Latin America (LTA) recently met with relevant beef and poultry producers.

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The U.S. Government Accountability Office on March 27 issued a report that includes recommendations on how three federal agencies can track progress related to the Biden administration's Sustainable Aviation Fuel Grand Challenge.

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Rex American Resources Inc. released fiscal Q4 results on March 23, reporting a profitable quarter. During an earnings call, company officials discussed plans to increase ethanol production capacity and reported progress with a CCS project.

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The Iowa House of Representatives on March 22 voted 73 to 20 in favor of a bill that would require CO2 pipeline companies to acquire at least 90 percent of route miles through voluntary deals before they could seek the use of eminent domain.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2023 International Fuel Ethanol Workshop & Expo (FEW) taking place June 12-14, 2023 at the CHI Health Center in Omaha, Nebraska.

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The U.S. Department of Energy on March 21 announced $14 million in funding to support and optimize the production of affordable biofuels and biochemicals while significantly reducing carbon emissions.

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President Joe Biden has proclaimed March 21 as National Agriculture Day. Agriculture Secretary Tom Vilsack and EPA Administrator Michael Regan issued comments recognizing the ag community for its work to provide the U.S. with food, fuel and fiber.

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Minnesota's ethanol industry contributed $2.7 billion to the state's gross domestic product (GDP) in 2022, according to a new study by the University of Minnesota Extension that was sponsored by the Minnesota Bio-Fuels Association.

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Reserachers at the U.S. Department of Energy's National Renewable Energy Laboratory are evaluating the regional variables associated with deploying sustainable aviation fuel (SAF), including a case study of Chicago O'Hare International Airport.

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Gas Liquids Engineering Ltd. has commenced detailed engineering on a major carbon capture and sequestration project for Marquis Carbon Capture LLC at the Marquis Industrial Complex that houses the Marquis Energy corn ethanol plant.

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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.

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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.

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