Southwest Iowa Renewable Energy LLC has announced unaudited financial results for the first quarter of fiscal 2015, reporting net income of $9.8 million or $737.45 per unit for the three months ended Dec. 31.
Golden Grain Energy LLC has reached a new milestone, with 1 billion gallons of ethanol produced. The 120 MMgy plant, located in Mason City, Iowa, broke ground in 2003. Members of the ethanol industry have spoken out to applaud the achievement.
Bio-Process Innovation Inc. has announced the completion of the construction of its 1-ton pilot plant and successful operation of its low temperature steep delignification (LTSD) pretreatment process at its facility in Otterbein, Indiana.
The Andersons Inc. reported record earnings in 2014 with the ethanol group delivering full-year operating income of $92.3 million, far exceeding its prior best year of $40.6 million. The company also achieved record ethanol production and yields.
The U.S. Energy Information Administration has published the February issue of its Short-Term Energy Outlook, reporting ethanol production is expected to average 938,000 barrels per day this year, increasing to 936,000 barrels per day next year.
Valicor Inc. has announced that it has completed the acquisition of a patent that covers the extraction of protein from corn ethanol stillage and is designed to help ethanol producers maximize their coproduct recovery and value.
Ten more corn ethanol plants were approved through the U.S. EPA's efficient producer petition process (EP3) at the end of January, bringing the total to 19. The first round of nine approvals were announced in December.
USDA put a number to a projected increase in ethanol use in its Feb. 10, supply/demand report. Based on the higher forecasts for 2015 gasoline consumption, the USDA raised expected corn use for ethanol production by 75 million bushels.
Blume Distillation LLC just doubled its Series B capitalization with a $1 million capital infusion from cleantech seed and venture capital fund Climate Change Investigation, Innovation and Investment Co.
ICM Inc. has announced that Kansas Ethanol LLC, of Lyons, Kansas, has signed an agreement for purchase, license to operate, and full-scale installation of ICM's patent-pending Fiber Separation Technology.
European-based CropEnergies AG has announced revenues of EUR 626 million ($710.42 million) for the first nine months of fiscal year 2014/2015, up 9.4 percent from EUR 573 million in revenue reported for the same period of the prior year.
U.S. ethanol exports hit 836 million gallons in 2014, 6 percent of the total 14.3 billion gallons produced nationwide. According to the Renewable Fuels Association, the 2014 export volume is second only to the 1.19 billion gallons exported in 2011.
In 2014, Green Plains Inc. produced a record 966 million gallons of ethanol, processed 10 million tons of corn and earned more than $100 million in non-ethanol operating income, and is close to meeting its goal of having zero net term debt.
Murphy USA Inc. has released 2014 financial results, reporting the compan''s ethanol plant in Hereford, Texas, achieved record annual income of $20.1 million last year, up from $2.9 million in 2013.
Archer Daniels Midland Co. reported adjusted earnings per share for the calendar year 2014 of $3.20, up 37 percent compared to the prior year. That was in spite of total revenues being down from the previous year at $81.2 billion.
On Jan. 30, Flint Hills Resources LLC announced that it has finalized the acquisition of an ethanol plant near Camilla, Georgia, from Southwest Georgia Ethanol LLC. The Camilla plant opened in 2008 and has an annual capacity of 120 million gallons.
Valero Energy Corp. showed strong earnings in its fourth quarter and year-end financial report. The oil refiner and ethanol producer showed adjusted net income of $952 million, or $1.83 per share in Q4.
Since launching the renewable fuels report in the Agriculture Marketing Resource Center in 2008, retired Iowa State University ag economist Don Hofstrand has followed the swings in ethanol profitability through a model Iowa-based ethanol plant.
Genera Energy Inc. recently celebrated 1,533 days, or four years, without an accident. Recent U.S. Bureau of Labor Statistics data show that Genera's core operations intersect three of the 10 most deadly occupations in the U.S.
A new version of an online tool created by the U.S. Department of Energy's Argonne National Laboratory will help biofuels developers gain a detailed understanding of water consumption of various types of feedstocks.
Iowa Gov. Terry Branstad has announced a new campaign to promote the renewable fuel standard (RFS) during the 2016 Iowa presidential caucuses. The multimillion dollar effort will aim to educate both candidates and caucus-goers on the RFS.
Gevo Inc. has announced several cost-saving initiatives aimed at improving its overall cash flow. The actions are expected to decrease the company's average monthly corporate-wide EBITDA burn rate by 40 percent this year.
Algenol and Reliance Industries Ltd. have successfully deployed India's first Algenol algae production platform. The demonstration module is located near the Reliance Jamnagar Refinery. Construction on the project was complete in November.
U.K-based Green Biologics Inc. has raised $76 million to support the acquisition and conversion of a Minnesota ethanol plant to produce n-butanol and acetone. The funding will also support continued development of the company's process technology.
BBI International has announced the agenda for the technical sessions of the 8th annual International Biomass Conference & Expo, North America's largest and fastest growing biomass conference, taking place April 20-22 in Minneapolis.
Novozymes has released 2014 financial results, reporting that sales growth was in line with expectations. During an investor call, Peder Holk Nielsen, president and CEO of Novozymes, said bioenergy was the strongest growth driver last year.
A new white paper written by Ron Alverson of the American Coalition for Ethanol reveals how scientists are applying technology innovations by farmers and ethanol facilities to improve the accuracy of carbon intensity modeling for biofuels.
Sens. Dianne Feinstein, D-Calif., and Pat Toomey, R-Pa., have attached an amendment that would eliminate corn ethanol from the renewable fuel standard (RFS) to the Keystone bill that is currently before the U.S. Senate.
Penford Corp. has released financial results for the first quarter of fiscal 2015, reporting its industrial ingredients division reported sequential improvements for the past five quarters in gross margin and operating income.
The U.S. EPA has released renewable identification number (RIN) generation data for December, reporting that more than 8.53 million cellulosic RINs were generated during the month, bringing the total for 2014 to 33.01 million.
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