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The Andersons reports strong Q4, record full year earnings

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By Erin Krueger

February 20, 2023

Business Operations Coproducts 

The Andersons Inc. released fourth quarter financial results on Feb. 14, reporting strong quarterly results and record full year earnings. The company's renewables segment achieved good results despite lower ethanol margins.

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The U.S. EPA on Feb. 16 released data showing that two SRE petitions have been filed under the RFS over the past month. A total of 24 SRE petitions are now pending, up from 22 that were pending as of mid-January.

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The U.S. EPA has released data showing more than 1.75 billion renewable identification number (RINs) were generated under the Renewable Fuel Standard in January, up from 1.59 billion that were generated during the same month of 2022.

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Partnering with gold medal Olympian and bestselling author Shawn Johnson East and her family, Growth Energy has launched a campaign designed to show American drivers how they can lower their carbon emissions just by filling up with Unleaded 88.

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Ethanol Producer Magazine's editor previews the feature articles in the publication's March issue, including stories about carbon capture and sequestration on the High Plains, energy-neutral dehydration and efforts to validate broader use of E30.

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Kemin Bio Solutions launches FermSAVER

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By Kemin Industries

February 09, 2023

Kemin Industries recently launched FermSAVER, a tea-extract product utilized during yeast fermentation for ethanol production. FermSAVER was developed to help reduce stress when yeast is exposed to excess heat generated during the summer months.

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A bipartisan group of 31 federal lawmakers are urging the Biden administration to “swiftly and diligently� take action on a petition filed by a coalition of Midwest governors in April 2022 seeking a permanent solution to year-round E15 sales.

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RFA to testify on potential of a national clean fuels program

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By Renewable Fuels Association

February 09, 2023

RFA President and CEO Geoff Cooper has been invited to testify at a hearing of the Senate Committee on Environment and Public Works. The hearing will address considerations for a potential national clean fuels program.

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The U.S. Department of Energy announced $25.5 million in funding to enable the sustainable use of domestic biomass and waste resources, such as agricultural residues and algae, to produce low-carbon biofuels and bioproducts.

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Summit Carbon Solutions' proposed carbon capture, transportation, and storage project continues to advance through the regulatory process as the North Dakota Public Service Commission on Feb. 1 issued an order establishing hearing dates.

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According to new statistical reports released by the RFA, the value of the U.S. ethanol industry's exports soared to a record level of $7.2 billion in 2022. Ethanol export volumes strengthened to 1.35 billion gallons in 2022.

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The U.S. Department of Energy on Jan. 30 awarded $131 million for 33 carbon management projects. At least four of the funded projects specifically address carbon capture related to bioenergy and biofuels.

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The U.S. Energy Information Administration maintained its forecast for 2023 fuel ethanol production in its latest Short-Term Energy Outlook, released Feb. 7. The forecast for 2024 ethanol production was reduced slightly.

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Green Plains Inc. released fourth quarter financial results on Feb. 8, reporting that the company's operations were impacted by high corn prices, rail embargoes, and cold weather during the three-month period.

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U.S. fuel ethanol production was down 3 percent the week ending Feb. 3, according to data released by the U.S. Energy Information Administration on Feb. 8. Stocks of fuel ethanol were down slightly for the week.

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Emily Skor, CEO of Growth Energy, issued a statement in advance of President Biden's 2023 State of the Union address urging the White House to renew its focus on ongoing efforts to accelerate progress under the RFS and expand E15 availability.

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During his state of the industry address at the 2023 Iowa Renewable Fuels Summit, Iowa Renewable Fuels Association Executive Director Monte Shaw said that the Iowa biofuels industry is “energized, but a little bit angry.�

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Illinois Gov. JB Pritzker on Feb. 3 signed the Invest in Illinois Act. The legislative package, in part, creates a $1.50 per gallon sustainable aviation fuel (SAF) purchase tax credit to support the supply and use of SAF within the state.

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U.S. ethanol exports were down in December, falling to 74.17 million gallons. Exports for the full year reached 1.35 billion gallons, up when compared to 2021, according to data released by the USDA on Feb. 7.

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Nippon Paper announces MOU for cellulosic ethanol, SAF

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By Nippon Paper Industries Co. Ltd.

February 06, 2023

Nippon Paper Industries Co. Ltd., Sumitomo Corp. and Green Earth Institute Co. Ltd. are partnering on the production of cellulosic bioethanol from woody biomass in Japan and its development into bio-chemicals and sustainable aviation fuel (SAF).

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Axens and Praj have signed a memorandum of understanding (MOU) to work jointly on projects in India for production of sustainable aviation fuel (SAF) from low carbon alcohols through alcohol-to-jet (ATJ) pathway.

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The government of the Philippines is currently studying the possibility of allowing the use of gasoline blends containing up to 20 percent ethanol, according to a report filed with the USDA FAS Global Agricultural Information Network.

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Sustainable crop-based biofuels remain the main source of renewable energy consumption in EU transport, but are still needlessly restricted in how much they can help meet climate goals, according to ePURE.

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In a country where the USGC has had a presence for decades, the organization held its official ribbon-cutting ceremony in India in January to mark the opening of its office there. The office will support ethanol promotion efforts.

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The government of Brazil on Feb. 1 announced it has reinstated its tariff on fuel ethanol imports. The import tax will be set at 16 percent through the end of 2023, increasing to 18 percent next year.

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Summit Carbon Solutions announces progress in Iowa

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By Summit Carbon Solutions

February 02, 2023

The momentum behind Summit Carbon Solutions' carbon capture, transportation, and storage project continues to grow as Iowa landowners have signed easement agreements accounting for two-thirds of the company's proposed project route in the state.

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Growth Energy on Feb. 2 launched The Green American Road Trip—a new Get Biofuel consumer campaign designed to show drivers how they can lower their carbon emissions by fueling their cars with higher biofuel blends, such as E15.

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Minnesota Gov. Tim Walz has proposed to increase funding for the state's Minnesota's Bioincentive Program, which aims to spur private investment in the production of advanced fuels, renewable chemicals and biomass thermal energy.

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UNICA, the Brazilian sugarcane industry association, has released data showing that ethanol sales during the first half of January were up slightly when compared to the same period of 2021. Ethanol production was also up for the two-week period.

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The USDA's Commodity Credit Corp. announced on Jan. 27 that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2022, which runs from Oct. 1, 2022 through Sept. 30, 2023.

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