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SIRE releases financial results, expects good financial year

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By Southwest Iowa Renewable Energy LLC

May 07, 2015

Business Operations 

On May 6, Southwest Iowa Renewable Energy LLC announced its unaudited financial results for the three and six months ended March 31, 2015. SIRE reported net income for the six months ended March 31 of $6.9 million, or $519.10 per basic unit.

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A group of 12 biofuel trade organizations and companies recently sent a letter to President Obama, requesting a high-level White House meeting to discuss rulemaking related to the renewable fuels standard (RFS).

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Pacific Ethanol is completing upgrades at its 40 MMgy ethanol plant in Madera, California. The company recently announced corn oil production at the plant has commenced. In addition, an-industrial scale membrane system is scheduled to be installed.

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Renmatix has acquired existing assets of the former Mascoma Corp.'s 56,000 square foot manufacturing facility in Rome, New York. The new feedstock processing facility utilizes proprietary Plantrose process conditions to convert biomass to sugars.

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Murphy USA has released financial results for the first quarter, reporting that while the company's Texas ethanol plant generated an operating loss during the first three months of the year, the plant set records in terms of production and yield.

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Net income was down substantially, but still in the black for Ohio-based The Andersons Inc. Its ethanol group achieved record first quarter ethanol production volumes and saw E85 sales progress to a first quarter record as well.

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BBI International recently reported that this year's International Fuel Ethanol Workshop & Expo, taking place June 1-4, 2015 in Minneapolis, is set to have the largest number of ethanol producers ever gathered at an industry event.

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The Biotechnologies Industry Organization recently released an analysis that shows delays in renewable fuel standard (RFS) rulemaking by the U.S. EPA over the past two years have chilled investment in advanced and cellulosic fuels.

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Novozymes recently issued its interim financial report for the first quarter of 2015 and announced a deal to supply enzyme technology to St1 Biofuels for its proposed cellulosic biofuel plant in Finland.

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Archer Daniels Midland Co. reported solid earnings for the first quarter, even though its corn processing segment was down due to tight ethanol margins. Overall, ADM reported adjusted earnings per share of 77 cents for the quarter.

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The corn crush for ethanol was up from the short month of February, but still down a bit from January's corn crush, according to the Grain Crushings and Co-Products Production report released May 1 by the USDA.

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UNICA, the Brazilian sugarcane industry association, has announced final numbers for the 2014-'15 crop along with initial data for the new crop. Ethanol production was up 2.23 percent last season, and the current season is off to a strong start.

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Solenis will introduce a novel family of antibiotic-free fermentation aids and a new scale inhibitor at the 2015 International Fuel Ethanol Workshop & Expo to be held June 1-4 in Minneapolis.

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Thompsons Ltd. announces an agreement with IGPC Ethanol Inc. to partner for sourcing corn for 50 MMgy facility for IGPC in Aylmer, Ontario, effective Oct. 1. Cargill will continue to serve IGPC for corn purchases and deliveries through Sept. 30.

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Valero Energy Corp. has released financial results for the first quarter, reporting net income of $964 million, While operating income for the company's ethanol segment was down, average quarterly ethanol production volumes were up.

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Produced by BBI International, the 2015 International Fuel Ethanol Workshop will bring together the largest gathering of ethanol producers to discuss the industry's renewed certainty for long-term growth supported by the U.S. government.

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In spite of a first quarter net loss overall and its ethanol segment breaking even on an EBITDA basis, Todd Becker, CEO of Green Plains Inc., remains confident the company will see a strong performance overall for 2015.

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Taiwan's largest integrated steel maker, China Steel Corp. has announced formal board approval of a $46 million capital investment in a LanzaTech commercial ethanol facility. This follows the successful White Biotech demonstration plant project.

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In a speech April 23 at Michigan State University, Agriculture Secretary Tom Vilsack laid out a comprehensive approach to partner with agricultural producers to address the threat of climate change.

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ZeaChem has announce the launch of the ZeaChem Technology Institute & Processing Services in Boardman, Oregon. The institute will enable third parties to scale their efforts in a cost-effective manner on a accelerated timetable.

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Aventine sends first unit train shipment of ethanol

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By Aventine Renewable Energy Inc.

April 23, 2015

Aventine Renewable Energy Inc. has announced its first BNSF unit-train shipment of ethanol produced at its two ethanol facilities in Aurora, Nebraska. On April 19 Aventine's first unit train pulled out of Aurora heading to Birmingham, Alabama.

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Sen. Dianne Feinstein, D-Calif., recently introduced legislation that would allow railroads to be granted short-term extensions on the implementation of Positive Train Control. The bill also contains a provision that would impact ethanol trains.

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The U.S. EPA has released renewable identification number (RIN) generation data for March, reporting that more than 1.44 billion RINs were generated during the month, including nearly 7.8 million cellulosic RINs.

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On April 17, the U.S. Department of Transportation and two of its agencies announced a package of actions that aims to enhance the safe transportation of Class 3 flammable liquids, including ethanol and crude oil.

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NexSteppe has announced that it sold more than 10,000 hectares (25,000 acres) of its Palo Alto biomass sorghums in Brazil this past growing season, compared to just over 1,000 hectares in the previous year.

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RFA: E85 station opens in California

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By Renewable Fuels Association

April 14, 2015

Pearson Fuels and G&M Oil Co. are celebrating their latest partnership with the grand opening of California's newest E85 station at 499 Sandalwood Drive in Calimesa. There will be a ribbon-cutting celebration on April 15.

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Cascades Inc. has announced an investment in a new technology at its Norampac - Cabano facility. This innovative new process is used to extract hemicellulose, a cellulosic sugar with high value-added potential, from wood chips.

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Syngenta recently announced that Quad County Corn Processors has produced its 1 millionth gallon of cellulosic ethanol through the use of Cellerate process technology at its Galva, Iowa, ethanol production facility.

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The U.K. Department of Energy and Climate Change has released provisional annual energy statistics for 2014, reporting that ethanol accounted for 4.6 percent of gasoline last year. Biodiesel accounted for 3.4 percent of total diesel.

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The U.S. EPA has posted a notice to its website announcing that the volume requirements for the 2014, 2015 and 2016 renewable fuel standard (RFS), along with the 2017 volume requirement for biomass-based diesel, will be finalized by Nov. 30.

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