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EIA: Ethanol production up 4%, stocks up 2%, exports up 95%

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By Erin Voegele

September 11, 2024

OperationsBusinessMarkets

U.S. fuel ethanol production was up 4% the week ending Sept. 6, according to data released by the U.S. Energy Information Administration on Sept. 11. Stocks of fuel ethanol were up nearly 2% and exports were up 95%.

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The U.S. Energy Information Administration increased its forecasts for both 2024 and 2025 fuel ethanol production in its latest Short-Term Energy Outlook, released on Sept. 10. The outlook for 2024 fuel ethanol blending was revised down.

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European Union ethanol biorefineries produced more food and animal feed than fuel in 2023, according to audited data released on Sept. 5 by ePURE, the European renewable ethanol association.

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Fluid Quip Technologies has announced strong results from their cutting-edge Low Energy Distillation (LED) and Grain Neutral Spirits (GNS) technologies after 12 months in operation at the Three Rivers Energy facility in Coshocton, Ohio.

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U.S. fuel ethanol production was down nearly 1% the week ending Aug. 30, according to data released by the U.S. Energy Information Administration on Sept. 5. Stocks of fuel ethanol were also down 1% while exports fell by 37%.

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UNICA, the Brazilian sugarcane industry association, has released data showing sugarcane processing was down during the first half of August. The production of corn ethanol continued to grow, and overall ethanol sales were up for the two-week period.

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Blue Biofuels Inc. has announced another significant advancement of its proprietary cellulose-to-sugar (CTS) technology. The company has successfully produced cellulosic ethanol in high yields from multiple biomass feedstocks.

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Intelligent Data Distillation

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By Luke Geiver

September 03, 2024

Filtering through vast amounts of information and scenarios continuously, AI-powered dashboards help ethanol plants detect, diagnose and more quickly resolve issues.

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Rex American Resources Inc. released fiscal second quarter financial results on Aug. 27, reporting improved margins. Rex also detailed progress with its CCS project and capacity expansion, which are both underway at One Earth Energy in Illinois.

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U.S. fuel ethanol production declined by more than 2% the week ending Aug. 23, according to data released by the U.S. Energy Information Administration. Stocks of fuel ethanol were down slightly, while exports were up 77%.

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UNICA, the Brazilian sugarcane industry association, has announced sugarcane processing in the south-central region of the country was down slightly in late July. Ethanol production and sales were both up during the two-week period.

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U.S. fuel ethanol production expanded by more than 2% the week ending Aug. 16, according to data released by the U.S. Energy Information Administration on Aug. 21. Stocks of fuel ethanol were up nearly 1% and exports were up more than 15%.

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More than 2.24 billion RINs were generated under the RFS in July, up from 1.99 billion generated during the same period of last year. Total RIN generation for the first seven months of 2024 reached 14.42 billion.

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U.S. fuel ethanol production was up slightly the week ending Aug. 9, according to data released by the U.S. Energy Information Administration on Aug. 14. Stocks of fuel ethanol were down nearly 2% and exports were down more than 66%.

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Although ethanol producers are looking ahead to carbon capture and storage as the predominant means of lowering their carbon intensity scores, measures such as energy storage, CHP and electrification can have a substantial impact on CI scores now.

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Alto Ingredients Inc. on Aug. 6 reported that Q2 earnings were negatively impacted by repair and maintenance shutdowns and lower coproduct pricing. Margins began to improve in July and the company expects to deliver solid results in Q3.

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The U.S. Energy Information Administration maintained its forecasts for 2024 and 2025 fuel ethanol production in its latest Short-Term Energy Outlook, released on Aug. 6. The outlook for fuel ethanol blending was also unchanged.

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Vertimass seeks to diversify ethanol market opportunities for ethanol producers by commercializing its unique single-step CADO technology for making SAF, gasoline, LPG and chemicals.

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U.S. fuel ethanol production fell nearly 4% the week ending Aug. 2, according to data released by the U.S. Energy Information Administration on Aug. 7. Ethanol stocks were down 1% and exports were up more than 262%.

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The Andersons Inc. released second quarter results on Aug. 6, reporting strong performance for its renewables segment on improved ethanol margins supported by lower corn basis and strong export demand.

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Green Plains Inc. released Q2 financial results on Aug. 6, reporting progress with the clean sugar, high protein coproduct and CCS projects. Market fundamentals are looking strong going into the second half of 2024, according to the company.

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Aemetis Inc., a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products that replace fossil fuels, on Aug. 1 announced Q2 2024 revenues were up 48% when compared to the same period of 2023.

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Verbio has commenced the commercial production of corn-based ethanol at its 60 MMgy biorefinery facility in Nevada, Iowa. The facility also has the capacity to produce 2.3 million MMbtu of RNG.

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U.S. fuel ethanol production reached a record high of 1.109 million barrels per day the week ending July 26, up slightly from the previous record of 11.08 million barrels per day set late 2017, according to data released by the U.S. EIA on July 31.

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ADM on July 30 released second quarter results, reporting improved ethanol margins supported by robust demand for fuel ethanol in both domestic and export markets. Stronger margins are currently expected to continue into the third quarter.

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UNICA, the Brazilian sugarcane industry association, has reported that sugarcane processing during the first half of July was negatively impacted by rain. Ethanol production was down during the two-week period, but sales were up.

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Valero Energy Corp. released Q2 financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s SAF project in Texas remains on track to begin operations later this year.

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U.S. fuel ethanol production was down 1% the week ending July 19, according to data released by the U.S. Energy Information Administration on July 24. Ethanol stocks were up more than 2% and exports were down 34%.

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U.S. fuel ethanol production expanded by nearly 5% the week ending July 12, reaching a near-record high, according to data released by the U.S. EIA on July 17. Ethanol stocks fell by 2% and exports were down nearly 62%.

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Gevo Inc. announced on July 15 that its renewable natural gas (RNG) business achieved an annualized production rate of approximately 402,000 MMBtu in May, exceeding the previous record, which was set in March.

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