In 2003, VeraSun Energy Corp. opened the nation's first 100 MMgy dry-grind, corn-to-ethanol plant in Aurora, S.D., followed by a 110 MMgy facility in Fort Dodge, Iowa, in 2005. Its third ethanol facility—VeraSun Charles City LLC, a 110 MMgy plant in Charles City, Iowa—held its grand opening celebration in August, proving that with each plant the company opens, it is fine-tuning the art of efficiency.
Administrative priorities, congressional legislation and internal priorities of individual agencies continue to escalate government funding for biofuels research and development. One agency in particular, the U.S. DOE, helped make this a banner year for monetary support to advance the biofuels industry, especially the cellulosic ethanol industry.
Tight margins for ethanol producers in the latter half of 2007 forced project developers to take a more calculated approach to raising money. EPM talks with financial analysts to discover what trends can be expected heading into 2008.
In 2007, market forces squeezed ethanol profit margins. Production records were set month after month without a similar spike in demand resulting in low prices. How far did ethanol prices fall, where will prices go in 2008 and what does that mean for the profitability of ethanol production?
By Craig A. Johnson
November 13, 2007
In December 2006, EPM reported 64 plants under construction representing 4.2 billion gallons of capacity. In June 2007, new construction peaked at 5.94 billion gallons and started to fall. New plants and expansions are still expected to be built in 2008 but at a more manageable pace.
Recent mergers and acquisitions activity in the ethanol industry have some wondering if consolidation is a trend that will continue into 2008.
In 2004, as a follow-up to the development of the pyrolysis process, University Professor Christian Roy and his student Richard Cranford began to explore the possibilities of creating a unique membrane for the purification of syngas. Their efforts evolved into Quebec-based Vaperma Inc. a company specializing in the development and commercialization of advanced gas solutions for the production of ethanol, biodiesel and natural gas. Now, with its innovative membrane technology in hand, Vaperma looks to revolutionize the biofuels industry.
By Nicholas Zeman
November 13, 2007
Coon Rapids, Iowa — Population: 1,305
By Michael Shirek
November 13, 2007
By Michael Shirek and Craig A. Johnson
November 13, 2007
By Bryan Sims
November 13, 2007
By Michael Shirek
November 13, 2007
By Bryan Sims
November 13, 2007
By Michael Shirek
November 13, 2007
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