The Andersons Inc. reported a strong year for its diversified agribusiness, earning $79.5 million, or $4.23 per diluted share, on revenues of $5.3 billion. The company's ethanol group had an operating loss of $3.7 million in 2012.
Archer Daniels Midland Co. has reduced ethanol production as a response to poor margins, investors were told in a question period following the company's Feb. 5 earnings report.
U.S. Secretary of Agriculture Tom Vilsack spoke articulately and passionately of the importance of America's ethanol producers in helping to strengthen this country's economic and national security at the National Ethanol Conference.
California is home to nearly 30 advanced biofuel companies, but dozens of other states from coast to coast also are beginning to realize the economic benefits of this emerging industry, according to analysis by Environmental Entrepreneurs (E2).
The ethanol industry faced one of the most challenging years in its history last year, said Bob Dinneen during his state of the industry address at the National Ethanol Conference, and it faces a fierce battles regarding E15 and the RFS this year.
Ag Processing Inc. announced that it has shut down operations of its corn processing plant at Hastings, Neb., effective Feb. 1, 2013, citing ongoing challenging economic conditions in the ethanol industry for the decision of an extended shutdown.
Brazil-based ETH Bioenergy and Inbicon have announced an agreement to bring the second generation ethanol for the Brazilian market. The partnership will combine the experience of industrial and commercial ETH and technology and know-how of Inbicon.
Valero Energy Corp. has released its financial results for the fourth quarter of 2012. Regarding Valero's ethanol segment, the company reported an operating income of $12 million in the fourth quarter, a decrease compared to the same period of 2011.
Novozymes announced it has reached an agreement to acquire Iogen Bio-Products, the industrial enzyme business of Ottawa-based Iogen Corp. for CA $67.5 million and potential earn-out payments of up to CA $12.5 million.
Spot prices for U.S. fuel ethanol were lower throughout most of 2012 compared to 2011. Prices were relatively stable during the first half of 2012, but they rose at mid-year as severe drought and scorching temperatures reduced corn yields.
On Jan. 31 the U.S. EPA published a proposed rule that creates a structured process for buyers of renewable identification numbers (RINs) to verify their validity. A 30-day comment period will allow member of the public to weigh in on the measure.
The phones were ringing and multiple staff meetings were being held at the Iogen Corp. headquarters following the Jan. 31 announcement of Novozymes' acquisition of the industrial enzymes business of the Ottawa-based enzyme maker.
ACE Ethanol LLC and Front Range Energy LLC have signed 15-year agreements with Sweetwater Energy Inc. to purchase cellulosic sugars for processing at their corn-ethanol facilities.
The Wall Street Journal editorial board has once again demonstrated that it either does not understand why Congress decided to require oil companies to use cellulosic biofuels five years ago or it is not willing to tell the truth about it.
High corn prices, difficult supplies and tight margins have taken three more ethanol plants offline in recent weeks, including one in Plainview, Texas, one in York, Neb., and a third in Ravenna, Neb.
On Jan. 28 Global Partners LP announced it would acquire 100 percent of the membership interests of an idled 110 MMgy ethanol plant in Clatskanie, Ore., as well as an onsite rail transloading facility serviced by the BNSF Railway, and other assets.
The Coordinating Research Council has released a report outlining fuel test results that show E15 fuel can damage fuel system components. Representatives of the ethanol industry, however, are questioning the testing methods.
The U.S. Energy Information Administration's Fuel Ethanol Overview in its January Monthly Energy Review shows that ethanol consumption for the first 10 months of 2012 was up slightly compared to the two previous years.
The Bundesverband der deutschen Bioethanolwirtschaft (BDBe), a German ethanol trade organization, has released production statistics for 2012. According to the organization, German ethanol production increased by 7.4 percent last year.
A recently released European Commission proposal on deploying alternative fuels infrastructure recognizes the importance of biofuels but does not go far enough, said ePURE, the European Renewable Ethanol Association.
Praj Industries has announced major order gain for an ethanol plant from Riopaila Castilla SA for a 400,000 liter-per-day plant that will be located at La Paila in the Valle del Cauca region of Columbia.
On Jan. 23, Guardian Energy Heron Lake LLC announced the signing of an agreement to acquire the ethanol production assets of Heron Lake BioEnergy LLC, a 50 MMgy ethanol plant located in Heron Lake, Minn.
Poet Biorefining-Macon will temporarily suspend plant operations effective Feb. 1 due primarily to a lack of available local corn. All of the plant's 44 team members will remain employed at their current hours.
The Renewable Fuels Association and the Renewable Fuels Foundation are excited to announce Wade Hunt of Sterling, Neb., is this year's recipient of a scholarship to attend the 18th Annual National Ethanol Conference: Driving Forward.
An idled ethanol plant in Nebraska has been purchased by a North Dakota-based company that intends to turn around and find a new buyer and operator for the facility, according to the plant's president and general manager.
Novozymes has appointed a new president and CEO and released its financial results for 2012. On Jan. 21, the company announced its board of directors has appointed Peder Holk Nielsen president and CEO, effective April 1.
The first employees of the 10 MMgy Enerkem Alberta Biofuels LP cellulosic ethanol plant under construction in Edmonton, Alberta, have begun technical training at Enerkem Inc.'s demonstration facility in Westbury, Ontario.
Pacific Ethanol Inc. has contracted to install Edeniq Inc.'s Cellunator technology at its 60 MMgy Stockton, Calif., ethanol plant. The company also announced it has increased its ownership in the four plants it operates.
McDermott described the current situation as a margin compression, which unlike the 2008-'09 or 1995 ethanol industry downturns, is not as steep, though longer lasting. Many producers learned from those downturns, and have improved performance.
Agriculture Secretary Tom Vilsack will be the keynote speaker at the 18th Annual National Ethanol Conference of the Renewable Fuels Association in Las Vegas, Nev. Vilsack will address the crowd of over 1,000 attendees at 8 a.m. Pacific on Feb. 7.
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