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Green Plains reports record earnings, 34 cent margin for Q1

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By Susanne Retka Schill

May 01, 2014

Business 

Green Plains Renewable Energy Inc. reported yet another quarter of record earnings. Net income for the first quarter of 2014 was $43.2 million, or $1.04 per diluted share, compared to $2.6 million, or 8 cents per share, in the same period in 2013.

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Repreve Renewables is collaborating with farmers and landowners in the United States to grow giant miscanthus, combining an innovative business model with proprietary equipment technologies custom-built for rhizome-propagated crop production.

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Genera Energy Inc. has announced a 14 percent reduction in harvest costs utilizing Genera's recently demonstrated in-field harvesting operations when compared to similar operations using typical field-edge systems.

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The Brazilian Sugarcane Industry Association (UNICA) has announced it is projecting a cane crush of 580 million tons for the 2014/2015 harvest. This is a 16.94 million ton reduction from the 2013/2014 crush of 596.94 million tons.

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Mike Erhart, CEO and general manager of Prairie Horizon Agri-Energy, has announced the formation of a partnership with WB Services LLC to integrate a renewable diesel production facility into the existing ethanol plant.

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CHS Inc. has announced it has signed an agreement with Sinav Ltd. of London, England, to acquire 100 percent of the company's stock, which includes Illinois River Energy LLC, a 133 MMgy ethanol plant at Rochelle, Ill.

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The Iowa Renewable Fuels Association recently applauded the Iowa legislature for voting overwhelmingly to pass Senate File 2344, showing a strong, bipartisan commitment to protecting Iowa biodiesel jobs and providing increased consumer access to E15.

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Valero Energy Corp. has released its financial results for the first quarter, reporting record operating income for its ethanol segment, despite production slowdowns caused by weather-related challenges in transporting ethanol by rail.

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Byogy Renewables Inc. and airline partner Avianca Brasil have launched a significant initiative to support advanced testing to accelerate the Byogy alcohol-to-jet (ATJ) ASTM approval. The technology transforms ethanol into a biobased jet fuel.

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The U.S. Energy Information Administration has released the April issue of its Monthly Energy Review, which includes monthly ethanol production, net import and consumption data. The U.S. exported 2.05 million barrels of ethanol in January.

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Several states are joining the fight to take a legal dispute over California's low carbon fuels standard (LCFS) to the U.S. Supreme Court. On April 21, a group of 21 states requested a review of a lower court ruling that the LCFS is constitutional.

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The Scoular Co. and Vireol Bio-Industries LLC are pleased to announce their exclusive partnership at the revitalized ethanol plant in Hopewell, Va. Scoular will procure all the corn, operate the grain facility, and market the distillers grain.

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The U.S. EPA has opened a comment period on draft permits for Archer Daniels Midland Co.'s carbon capture and storage project in Dacatur, Ill. The project aims to inject and sequester carbon dioxide produced at ADM's Decatur ethanol plant.

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The Canadian government has announced plans improve rail safety, including the phase out certain railcars used to carry ethanol and crude oil over a three year period. Some DOT-111 railcars are being removed from dangerous goods service immediately.

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Two USDA economists took up the U.S. EPA's request for comments on whether and how to account for carryover renewable identification numbers (RINS) in setting yearly mandated renewable fuel volumes.

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Proterro CEO Kef Kasdin recently reported that his company reached its Q1 sugar-production pilot milestones. "While sugar production has begun at low levels, it has been controllable," he said.

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Cellulosic ethanol from corn residue worse than gas? Not so fast

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By Brendan Jordan, Great Plains Institute

April 24, 2014

A new academic paper on biofuels was released this week, and some media outlets have reached sweeping conclusions. A careful reading of the paper, however, doesn't in any way support these conclusions.

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The Fuels American coalition recently released an economic impact study that demonstrates the economic benefits of ethanol and other biofuels on a state-by-state basis. The analysis was completed by John Dunham & Associates.

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Three enzymes that promise to improve profits for producers of corn ethanol are behind the strong growth in Novozymes' first quarter bioenergy sales, including Avantec, Spirizyme Achieve and Olexa.

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Renewable Fuel Association President and CEO Bob Dinneen gave a presentation at a rail safety forum hosted by the National Transportation Safety Board on April 23.

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Vireol Bio Energy LLC has selected Murex LLC as its marketing partner for the bioethanol plant in Hopewell, Va. Vireol recently announced their plans to bring the 63 million gallon per year ethanol plant in Hopewell online in April of 2014.

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While global investments in renewable energy technologies dropped in 2013, continuing a two-year trend, there are several silver linings to that observation, according to a new report by Bloomberg New Energy Finance.

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Three Rivers Energy joins Growth Energy

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By Growth Energy

April 23, 2014

Growth Energy has welcomed Three Rivers Energy LLC as its newest member, bringing total plant membership to 83, with another 85 associate members. Three Rivers Energy is a 50 MMgy plant located in Coshocton, Ohio.

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The U.S. EPA has taken action to revise the 2013 cellulosic biofuel requirements under the renewable fuels standard (RFS) to 810,185 ethanol-equivalent gallons, the volume for which cellulosic RINs were generated in 2013.

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The American Petroleum Institute and the American Fuel and Petrochemical Manufacturers recently filed a motion to sever and hold in abeyance their legal challenge to the 2013 renewable fuel standard. Biofuel groups are opposing the move.

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Gevo Inc. recently announced that it has come to an agreement with Lufthansa to evaluate Gevo's renewable jet fuel with the goal of approving Gevo's alcohol-to-jet fuel (ATJ) for commercial aviation use.

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The Fuels America coalition has launched a new advertising campaign dubbed "Oil Rigged" on Earth Day to counter what biofuels industry leaders called Big Oil's deliberate campaign to distort the facts.

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The U.S. DOE has announced its intent to offer up to $4 billion in Section 1703 loan guarantees to support a wide variety of renewable energy and energy efficiency projects. Public comments are being accepted on the scope of the final solicitation.

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The Nebraska Corn Board, in cooperation with the National Corn Growers Association, is joining NASCAR in kicking off its second year of the NASCAR Race to Green Campaign, which highlights green programs put in place by NASCAR and its partners.

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Sen. Mike Johanns, R-Neb., has written Margaret Hamburg, commissioner of the Food and Drug Administration, urging the FDA to exempt distillers grain, raw agricultural commodities, and other products from a proposed rule impacting feed producers.

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