Market data and business announcements from the April issue of Ethanol Producer Magazine, including record-breaking E15 sales in Minnesota, Gevo signing on to Summit Carbon Solutions, all-time high export values reached in 2022, and more.
At the U.S. Grains Council's 20th International Marketing Conference and 63rd Annual Membership Meeting in Savannah, Georgia, the Council's Ethanol Advisory Team (A-team) solidified key market priorities for 2023.
Americans strongly support expanded use of lower-cost, lower-carbon renewable fuels like ethanol, want greater access to higher ethanol blends, and strongly oppose policies that remove options at the gas pump or the auto dealership.
Gevo Inc. released Q4 results on March 9, confirming that the company's Net Zero 1 project in South Dakota remains on schedule for startup in 2025. Gevo said its RNG project continues to ramp up operations, while its Minnesota biorefinery is idle.
Drax is partnering with the Federation of Southern Cooperatives that will help minority and underserved small landowners in the U.S. South with greater access to the biomass market, further encouraging sustainable forestry management.
Gevo Inc. released Q4 results on March 9, confirming that the company's Net Zero 1 project in South Dakota remains on schedule for startup in 2025. Gevo said its RNG project continues to ramp up operations, while its Minnesota biorefinery is idle.
Greenlane Renewables Inc. has been awarded a $7.2 million (US$5.4 million) contract through Synthica St Bernard LLC for a food waste to pipeline renewable natural gas (RNG) project in Ohio.
The U.S. exported 117.82 million gallons of ethanol and 770,344 metric tons of distillers grains in January, according to data released by the USDA FAS on March 8. Exports of both products were down when compared to January 2022.
This month, Drax loaded its 200th shipment of sustainable biomass at the Port of Greater Baton Rouge. The shipment marks a major milestone for Drax's operations as it amounts to more than 10 million mteric tons shipped from the U.S. to U.K.
Strategic Biofuels has been invited by the U.S. Department of Energy's Loan Programs Office (LPO) to submit a Part II application for a proposed $1.6 billion loan guarantee under the Title XVII Innovative Clean Energy Loan Guarantee Program.
The assets of Cedar Road Bioenergy Inc., located in Nanaimo on Vancouver Island, British Columbia, are being offered for sale via an online auction that ends March 21. The landfil gas-to-energy facility opened in 2009 and opeated through 2020.
The RFA has welcomed ArrowUp LLC, a global technology company that offers bacteria control services, and Hanigan Law Group PLC, which focuses on business transactions and securities law, as its newest associate members.
Vertimass has launched a Series C investment opportunity with the goal of establishing a commercialization platform for its breakthrough biofuel technology for the production of jet, diesel, gasoline, and LPG fuels from biomass.
The U.S. exported 117.82 million gallons of ethanol and 770,344 metric tons of distillers grains in January, according to data released by the USDA FAS on March 8. Exports of both products were down when compared to January 2022.
The U.S. exported 637,518.4 metric tons of wood pellets in January, down from both 917,175.4 metric tons the previous month and 655,656.5 metric tons in January 2022, according to data released by the USDA Foreign Agricultural Service on March 8.
Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty engines with clean, renewable fuels and create a viable business solution to reduce carbon and soot.
On the inaugural National Biobased Products Day, the Agriculture Energy Coalition released a letter to Senate and House Agriculture Committee leaders urging them to preserve funding for Farm Bill energy title programs.
The USDA maintained its forecast for 2022-'23 soybean oil use in biofuel production in its latest WASDE report, released March 8. The agency also slightly reduced its outlook for season-average soybean oil prices.
POET is celebrating its 35th anniversary. The company, founded in 1987, currently boasts an annual production rate of 3 billion gallons of bioethanol, 14 billion pounds of animal feed, and 1 billion pounds of corn oil.
The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government.
On the inaugural National Biobased Products Day, the Agriculture Energy Coalition released a letter to Senate and House Agriculture Committee leaders urging them to preserve funding for Farm Bill energy title programs.
UNICA, the Brazilian sugarcane industry association, has announced facilities in the south-central region of Brazil produced 207.26 million liters of ethanol during the first half of February. Corn ethanol accounded for 98 percent of that volume.
With carbon capture and sequestration taking ethanol towards net-zero, a rising CCS developer is focused on working with producers that are uniquely positioned to sequester near their plant.
The USDA maintained its forecast for 2022-'23 corn use in ethanol production in its latest World Agricultural Supply and Demand estimates report, released March 8. The agency also lowered its forecast for season-average corn prices.
U.S. fuel ethanol production expanded by nearly 1 percent the week ending March 3, according to data released by the U.S. Energy Information Administration on March 8. Weekly ending stocks of fuel ethanol were up more than 2 percent.
Air bp, the international aviation fuel products and service supplier, has announced the first sale of International Sustainability and Carbon Certification (ISCC) EU SAF from bp's Castellon refinery in Spain.
Marathon Petroleum Corp. on March 8 announced it has acquired a 49.9 percent interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the U.S., from Cresta Fund Management for $50 million.
The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government.
Vertex Energy on Feb. 28 confirmed that the renewable diesel conversion project at its refinery in Mobile, Alabama, is on track to be mechanically complete in late March, with initial production volumes expected in April.
The RFA and Growth Energy have praised many elements included in the U.S. EPA's Third Triennial Report to Congress on the environmental impacts of the RFS, but are calling on the agency to make several important improvements to the report.
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