Murphy USA Inc. has released financial results for the third quarter, reporting $6 million of operating income from its 110 MMGy ethanol plant in Hereford, Texas. The company posted a loss of $900,000 for the facility during the same period of 2013.
The natural gas market is caught between risk of a cold winter and a growing imbalance between structural growth of natural gas supply and demand. There's now a realization that underlying market fundamentals are encouraging for end users.
Growth Energy participated in a market development mission with the U.S. Grains Council and the Renewable Fuels Association to explore export opportunities for U.S. ethanol in Panama and Peru. Missions are also planned to countries in Southeast Asia.
The Renewable Fuels Association has submitted comments to the Oregon Department of Environmental Quality detailing a number of requested changes to the proposed rule for Phase 2 of the Oregon Clean Fuels Program.
USDA is still projecting a record corn crop, but just not quite as big, reducing its forecast by 68 million bushels in the Nov. 10 World Agricultural Supply and Demand Estimates. Corn production is now forecast at a record 14.407 billion bushels.
Domestically, increased DDGS inclusion rates are continuing. Both soymeal and corn never got as cheap as buyers expected, and with DDGS getting below 100 percent, and then 95 percent or below, the value of corn, buyers formulated it in to the max.
Ethanol prices shifted higher in a moderately aggressive manner through the middle of October, fed by renewed buyer support in the corn complex as well as a three-week pull-down in overall ethanol inventories across the country.
A public comment period on the Oregon Clean Fuels Program is set to end Nov. 7. The program, which is similar to California's Low Carbon Fuels Standard, requires a 10 percent reduction of greenhouse gases from transportation fuels by 2025.
Archer Daniels Midland Co. reported good overall financial results for the third quarter, which ended Sept. 30, including significant improvements in corn processing. In fact, profit in this segment nearly doubled, reaching $356 million.
A Renewable Fuels Association analysis of model year (MY) 2015 warranty statements and owner's manuals reveals that auto manufacturers explicitly approve the use of E15 in approximately two-thirds of new vehicles.
The Canadian Renewable Fuels Association has announced that W. Scott Thurlow has stepped down from his position as president and Andrea Kent, previously vice president of communications, has been appointed to the position.
UNICA, the Brazilian sugarcane industry association, has released a new biweekly report. Since April, the report indicates ethanol sales have totaled 13.11 billion liters, with most of that production, 12.34 billion liters, sold domestically.
Green Plains Inc. has released financial results for the third quarter of 2014, reporting net income of $41.7 million, or $1.03 per diluted share, up from $9.4 million, or 28 cents per diluted share, during the same period of last year.
Enerkem Inc. announced agreements with three Chinese companies in October. Under each agreement, Enerkem is expected to license its waste-to-biofuel technology. The final business structure and sites for each project have not been disclosed.
An ethanol association is working hard to grow the ethanol industry in South Africa and nearby countries. Right now, an association staff member said, the industry feels very small and far behind the U.S. and other ethanol-producing areas.
Two weeks from Election Day, Bob Dinneen told grain and animal feed buyers gathered in Seattle that whichever party controls Congress next year will "have the gavel" on energy and agriculture but lack the power to advance or upset biofuels policy.
A computer model that states use to assess mobile source emissions is seriously flawed, according to an analysis by Urban Air Initiative and could effectively block access to the market for higher ethanol blends.
A growing world population, urbanization and rising income will continue to drive investment in commodities, and the link between energy and agriculture will stay strong for years to come. But there are still many unknowns about world grain stocks.
Gevo Inc. announced that it is selling renewable isooctane to Total for formulation into Formula 1 racing fuel. Gevo's renewable isobutanol from Luverne, Minnesota, is being converted into bio-isooctane at its biorefinery at South Hampton Resources.
Peru-based Maple Energy plc has announced it has received an offer from two strategic investors. The agreement is expected to provide sufficient capital to support ongoing operations of the company's ethanol business.
UNICA, the Brazilian sugarcane industry association, has announced the south-central region of Brazil experienced a smaller than average crush during the second half of September. However, more than 60 percent of the processed cane went to ethanol.
On Oct. 15, Finland-based Chempolis Ltd. announced it has signed a partnership agreement with Numaligarh Refinery Ltd., an enterprise of the Indian government, to build a cellulosic ethanol and chemical production facility in Assam, India.
The Canadian ethanol industry has grown tremendously in the last 30 years, writes W. Scott Thurlow. Still it is nowhere close to reaching the full potential of Canada's renewable fuels technology, innovation or products.
In an effort to promote E85 sales and track E85 prices, the Renewable Fuels Association announced a unique opportunity to win free E85 for one year with a simple snap of a camera and click of a mouse.
The Canadian Renewable Fuels Association congratulates Gale's Gas Bars on its debut of E30 gasoline in Ontario. Gale's has 16 sites throughout Niagara and E30 will be offered at 143 Welland Avenue, in St. Catharines, beginning Oct. 16.
Bob Dinneen, president and CEO of the Renewable Fuels Association, recently submitted a letter to the California Air Resources Board outlining serious concerns regarding the staff's new indirect land use analysis.
The recently established Low Carbon Fuels Coalition is encouraging low carbon fuel producers and other industry stakeholders to weigh in on the availability of low carbon fuels by submitting comments to the California Air Resources Board.
Growth Energy and the RFA responded to the USDA's October supply/demand report, which forecasted a record corn yield. Growth Energy said it ended the food vs. fuel myth and RFA said it underscores the need for market certainty.
2014 was unlike any other that Mike McAdams, president of the Advanced Biofuel Association, has seen in his decades-long career. And that's not a positive observation.
USDA October supply/demand report projects corn yield at record 172.4 bushels per acre and record corn production at 14.47 billion bushels, coming in slightly lower than the trade's average prediction.
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