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U.S. Energy Services purchased by World Fuel Services

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By U.S. Energy Services

August 16, 2013

Business 

U.S. Energy Services was purchased by World Fuel Services Corp., based in Miami, Florida. WFS is a global fuel logistics company, engaged in the marketing, sale and distribution of aviation, marine and land fuel products and related services.

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On Aug. 13 Sen. Charles Schumer, D-N.Y., issued a statement urging the U.S. Department of Transportation to require freight rail carriers to either create a plan to retrofit DOT-111 tank cars, or phase them out completely.

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CHS Inc. was named the ethanol marketing partner of Patriot Renewable Fuels LLC, a 100 MMgy ethanol plant in Annawan, Ill. The partnership could give the ethanol plant additional global market access, as CHS is expanding its ethanol platform rapidly.

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Dyadic International Inc. has announced financial results for the second quarter of 2013, noting that total revenue for the three-month period decreased to $7.1 million compared to $7.8 million for the same period of last year.

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BioFuel Energy Corp. has its financial results for the second quarter of 2013, reporting a net loss of $4.7 million on revenues of $91 million, and noting that it has received indications of interest from parties regarding the purchase of its plants.

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Edeniq and Pacific Ag have announced a five-year exclusive collaboration agreement to assist existing corn-based ethanol production facilities to add cellulosic ethanol production, thereby diversifying feedstock sources, and enhancing margins.

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On Aug. 15, the USDA awarded more than $21 million in grant and loan funding to 631 projects under the Rural Energy for America Program. A portion of that funding will support the installation of ethanol blender pumps.

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The sale of the Oshkosh, Wis.-based Utica Energy LLC ethanol plant to Stanley, Wis.-based Ace Ethanol LLC officially closed Aug. 12. The plant will now be a wholly owned subsidiary of Ace Ethanol, and is to be named Fox River Valley Ethanol.

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On Aug. 1, 2013, Marathon Petroleum Corp. acquired from Mitsui & Co. (U.S.A.) Inc. its interests in three ethanol companies operated by The Andersons for $75 million in cash.

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Brazilian ethanol sales were booming in late July, according to UNICA, the Brazilian Sugarcane Industry Association. Specifically, sales by sugar mills in Brazil's South Central region are up more than 30 percent compared to sales early in the month.

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One week after the U.S. EPA finalized the 2013 volume requirements for the renewable fuels standard (RFS), the American Fuel & Petrochemical Manufacturers and American Petroleum Institute are already gearing up to fight the 2014 RFS standards.

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IRFA launches E85 wholesale price listing service

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By Iowa Renewable Fuels Association

August 13, 2013

The Iowa Renewable Fuels Association has announced the launch of its E85 Wholesale Price Listing Service. The IRFA lists E85 prices from wholesale distributors with the intent of increasing transparency in the marketplace.

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While the USDA lowered its corn crop estimates in its monthly supply/demand report, the ethanol industry is pointing out that it is still a record crop and demonstrates the weaknesses in the arguments from opponents of the renewable fuel standard.

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Mascoma Corp. says it is actively seeking project financing to build its two proposed cellulosic ethanol plants amid news that Valero Energy Corp. is no longer involved in its U.S. project planned for Kinross, Mich.

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Prepared plant operators are trained to quickly and efficiently react in the case of a chemical accident.

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Combatting grain engulfment accidents with proper equipment, procedures and training.

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Process safety management requires comprehensive hazard analysis and records.

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A Kansas-based company is offering two bolt-on options for ethanol producers looking to turn crude corn oil into biodiesel or renewable diesel.

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The U.K. Department for Transport has published statistics on its renewable transport fuel obligation (RTFO) for the most recent compliance year, which spanned from April 15, 202 through April 14, 2013.

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EZ Stop of Mapleton, Iowa, commits to offering E15

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By Iowa Renewable Fuels Association

August 09, 2013

EZ Stop of Mapleton, Iowa, will be offering E15 to 2001 and newer vehicles this fall. In order to offer E15, a retailer must register with the U.S. EPA. The Iowa Renewable Fuels Association is assisting EZ Stop in the registration process.

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NREL, Ecopetrol partner to develop cellulosic process

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By National Renewable Energy Laboratory

August 09, 2013

The U.S. DOE's National Renewable Energy Laboratory is working with Ecopetrol, the largest oil company in Colombia, to process the residue from sugar cane and palm oil harvesting into fuel ethanol for blending with gasoline.

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Groundbreaking ceremonies for the first corn-ethanol plant to begin construction in five years took place Friday, Aug. 9. The 65 MMgy Dakota Spirit AgEnergy LLC is being co-located next to Great River Energy's Spiritwood Station in Spiritwood, N.D.

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Gevo Inc. has released financial results for the second quarter of 2013, reporting revenues of $1.9 million. During a call to discuss the results, Gevo CEO Patrick Gruber provided an update of progress at the company's Luverne, Minn., facility.

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Praj Industries Ltd. has broken ground on a cellulosic ethanol demonstration plant with the the capacity to process 100 dry metric tons of feedstock per day. The facility will test a variety of feedstocks, including corn stover, cobs and bagasse.

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The ethanol group at The Andersons reported recording operating income of $10.6 million in the second quarter on revenues of $222 million. This compares to an operating loss of $2.1 million during the same period of 2012 on revenues of $168 million.

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Archer Daniels Midland Co. reported net earnings of $223 million, or 34 cents per share, for the second quarter, which ended June 30. Operating profit of the company's bioproducts segment, which includes ethanol, went up $158 million to $97 million.

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The U.S. EPA has updated its RE-Powering Mapping and Screening Tool, which is part of the RE-Powering America's Land Initiative. The tool lists thousands of potential sites for bioenergy and biofuels on contaminated land, landfill and mine sites.

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The U.S. EPA has finalized the 2013 volume requirements for the renewable fuel standard (RFS). The final 2013 overall volumes and standards require 16.55 billion gallons of renewable fuels to be blended into the U.S. fuel supply.

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