Pacific Ethanol Inc. has released second quarter financial results, reporting the company sold a record 140.7 million gallons of ethanol during the three-month period. Net sales were $277.6 million and gross profit was $6.3 million.
Advancing Alongside Ag
July 30, 2015
Cognizant of rapidly evolving farming and biomass sectors, New Holland aims to stay ahead of the game.
A team of Canadian buyers and end-users of U.S. distillers dried grains with solubles (DDGS) recently visited the United States on a learning journey cosponsored by the U.S. Grains Council and the Corn Marketing Program of Michigan.
Andigestion's new anaerobic digestion facility in Bishop's Cleeve near Cheltenham, U.K., has officially opened. The facility processes food waste into renewable energy and an organic liquid fertilizer coproduct.
Argonne National Laboratory recently teamed with industry to investigate alternative fuels for recreational marine applications. Research has demonstrated the safety and effectiveness of a blend of fuel that includes 16 percent butanol.
On July 30, Enviva Partners LP released its second quarter financial results, reporting revenue of $109.7 million, an increase of 60 percent over the corresponding quarter in 2014, on sales of 560,000 metric tons of pellets.
Gevo Inc. has announced that Express Lube of Fredericksburg, Texas, is the first U.S. service station to sell gasoline blended with Gevo's renewable isobutanol at the pump. Express Lube has been selling the fuel at over a 50 percent premium to E10.
Gevo Inc. has announced that Express Lube of Fredericksburg, Texas, is the first U.S. service station to sell gasoline blended with Gevo's renewable isobutanol at the pump. Express Lube has been selling the fuel at over a 50 percent premium to E10.
Valero Energy Corp. reported strong second quarter earnings for the company on July 30, reporting net income from continuing operations attributable to Valero stockholders of $1.4 billion, or $2.66 per share, compared to $1.22 in Q2 2014.
Word is that the Clean Power Plan rules will be released next week.
Amec Foster Wheeler has announced the award of a contract by Fortum Zabrze S.A. for the design, supply, construction and commissioning for a multi-fuel circulating fluidized-bed (CFB) steam generating combined-heat-and-power (CHP) plant in Poland.
Argonne National Laboratory recently teamed with industry to investigate alternative fuels for recreational marine applications. Research has demonstrated the safety and effectiveness of a blend of fuel that includes 16 percent butanol.
Commodities: Corn prices remain volatile ahead of harvest
By Jason Sagebiel, FCStone
July 29, 2015
The corn market caught a 53 cent rally from the end of June to mid-July. However, the price did a turnabout within 10 days, down about 51 cents.
UPS has announced agreements for up to 46 million gallons of renewable fuels over the next three years, constituting a 15-fold increase over prior contracts and making UPS one of the largest users of renewable diesel in the world.
Viaspace Inc. recently announced that it has completed the engineering and design work for a 2 MW biogas power plant in Papua New Guinea for Salt Lake City, Utah-based Clean Energy Solutions Pacific.
Green Plains Inc. has announced second quarter financial results, reporting net income of $7.8 million, or 19 cents per diluted share, compared to $32.3 million, or 82 cents per diluted share, during the same quarter of 2014.
Many gas stations are promoting E0. It not only costs more than regular gasoline that contains 10 percent ethanol, new data shows it also burns dirtier in your engine which then puts more toxic emissions into the air.
Two highly inaccurate statements are often made about using wood pellets as a substitute for coal in power generation:
Pacific Ethanol Inc. has begun commercial production of corn oil utilizing Valicor's corn oil recovery system at its Columbia ethanol plant located in Boardman, Oregon. All four of the western Pacific Ethanol plants are now producing the coproduct.
The Biomass Thermal Energy Council has announced plans to release a draft of the first thermal efficiency test method designed specifically for commercial-sized boilers that utilize solid biomass as a fuel stock.
The Rockies Express Pipeline (REX) went into service in 2009, running from Wyoming to Ohio. At the time, gas out west was relatively cheap, and the eastern supply sources in decline. Now, REX is in the process of reversing its flow.
On July 22, the U.S. Senate Committee on Energy & Natural Resources introduced a bipartisan energy bill, titled the "Energy Policy Modernization Act of 2015." The committee was scheduled to hold business meetings on the bill on July 28 and July 30.
Pre-testing of waste materials using prototype Pyrofab technology was recently underway ahead of a summer tour to evaluate sustainable sources of bioenergy from waste in Europe. The Pyrofab is based on technology developed at Aston University.
Covanta Energy reported strong operational performance in its core business, achieved record quarterly special waste revenue, and provided several updates on acquisition and commissioning activities during its Q2 2015 earnings call.
As August approaches, values in the DDGS market have rebounded a bit. Chinese cargoes, which last month looked to be a lot more at risk of getting executed, either did get shipped, or got rolled to a deferred month.
Ethanol futures posted a strong 20-cent-per-gallon price retraction in the last half of July, following aggressive pressure in corn prices and most outside markets. As of July 27, RBOB gasoline futures had fallen over 30 cents from season highs.
DuPont has released second quarter financial results, reporting an 11 percent drop in sales and a slight increase in earnings per share. The company also noted its cellulosic refinery in Iowa is now mechanically complete.
On July 28, Drax Group plc released its half-year results for the six months ended June 30, delivering Europe's largest decarbonization project, on time and on budget, while also producing 8 percent of the U.K.'s electricity.
The Massachusetts Clean Energy Center recently announced $1.1 million in funding for three anaerobic digestion projects across Massachusetts that will convert organic materials into energy. The projects are located in Bourne, Freetown and Hadley.
Syngenta recently released its half-year results, reporting sales of $7.6 billion, up 3 percent at constant exchange rates. Second quarter sales increased 7 percent. EBITDA was $2 billion, up 21 percent at constant exchange rates.
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