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Poet considers purchase of Flint Hills Resources' ethanol plants

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By Erin Krueger

May 14, 2021

Business Operations 

Poet LLC is considering the purchase of Flint Hills Resources' six ethanol plants. The two companies are currently in exclusive discussions over the possible sale of Flint Hills Resources' biofuels business, according to a Poet spokesperson.

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Business Briefs

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By Ethanol Producer Magazine

May 13, 2021

USGC hires new communications manager; Poet expands product portfolio; and ERI, DBI merge.

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Alto Ingredients Inc. released first quarter financial results on May 12, reporting solid performance for the three-month period. Mike Kandris, CEO of Alto Ingredients, discussed plans for several capital improvement projects, including CCS.

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The 2021 International Fuel Ethanol Workshop & Expo, slated for July in Des Moines, Iowa, will bring its traditional slew of experts and information. This guide will help attendees decide which panels to take in.

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If India realizes its goal of 20% ethanol by 2025, it would be one of the higher blend rates achieved globally, putting India at the forefront of reducing overall greenhouse gas (GHG) emissions.

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Lakeview Energy LLC. announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners L.P. to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio.

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Fluid Quip Technologies has announced it will install a high-quality alcohol (HQA) system at the Three Rivers Energy Coshocton, Ohio, biofuel plant. The HQA installation will enable the plant to produce high quality and high purity GNS alcohol.

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U.S. ethanol production was up approximately 3 percent the week ending May 7, according to data released by the U.S. Energy Information Administration on May 12. Fuel ethanol stocks were down more than 5 percent from the previous week.

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University of Nebraska Researchers have proven E30 is safe for long-term use in non-flex fuel vehicles. The findings could bolster the push for state- and federal-level low-carbon fuel legislation.

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The RFS creates competition that lowers fuel prices and reduces carbon emissions. Yet, refiners still complain.

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The EIA maintained its forecasts for 2021 and 2022 ethanol production in a forecast released May 11. The outlook for 2021 ethanol blending was increased slightly. The EIA also discussed the recent spike in corn, ethanol and RIN prices.

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The U.S. EPA hasn't approved a corn fiber pathway in more than four years, but hope is renewed with a new administration. Meanwhile, NREL has pitched a new cellulose volume measurement method to help address EPA's concerns with accuracy.

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Editor Lisa Gibson previews the June issue, including features about corn fiber-to-ethanol pathways, low-carbon fuels legislation and a preview of the International Fuel Workshop & Expo coming up in July.

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UNICA, the Brazilian sugarcane industry association, has announced that the 2021-'22 harvest season kicked off in early April with a slower pace of production. Ethanol sales, however, were up nearly 20 percent.

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The Andersons Inc. on May 4 released first quarter financial results, reporting a profitable three-month period for its ethanol business. President and CEO Pat Bowe also expressed optimism in the outlook for ethanol and coproducts moving forward.

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Researchers from Argonne National Laboratory on May 4 published the results of a new study that shows the carbon intensity (CI) of corn ethanol decreased 23 percent from 2005 to 2019, from 58 to 45 gCO2e/MJ.

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U.S. ethanol production was up approximately 1 percent the week ending April 30, according to data released by the U.S. Energy Information Administration on May 5. Fuel ethanol stocks were up nearly 4 percent from the previous week.

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Todd Becker, president and CEO of Green Plains Inc., discussed the company's efforts to transform into a global ag tech company and provided an update of plant improvement projects during a first quarter earnings call held May 3.

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American Coalition for Ethanol producer member Al-Corn Clean Fuel of Claremont, Minnesota, is celebrating its 25th year of operation. ACE CEO Brian Jennings has spoken out to congratulate the company on its anniversiary.

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The Renewable Fuels Association is extending congratulations to member companies Chippewa Valley Ethanol Co. and Al-Corn Clean Fuel for celebrating their 25th anniversaries this week. Both plants are based in Minnesota.

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The USDA recently released its Grain Crushings and Co-Products production report for April, reporting that corn use for fuel ethanol production in February 2021 was down when compared to both the previous month and February 2020.

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Alto Ingredients Inc. has signed a definitive agreement with Seaboard Energy California LLC to sell its fuel ethanol production facility in Madera, California, for total consideration of $28.3 million. The transaction is expected to close in Q2.

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U.S. ethanol production was up slightly the week ending April 23, according to data released by the U.S. Energy Information Administration on April 28. Fuel ethanol stocks were down nearly 4 percent from the previous week.

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ADM released first quarter financial results on April 27, reporting significantly higher results for its carbohydrate solutions business segment, which includes its ethanol production business, and the restart of two idle ethanol plants.

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The U.S. EPA has released data showing that more than 1.64 billion renewable identification numbers (RIN) were generated under the Renewable Fuel Standard in March, up from 1.58 billion during the same month of last year.

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Valero Energy released first quarter results on April 22, reporting improved results for its ethanol operations and record operating income for its renewable diesel segment. The company also discussed plans for a CCS project at its ethanol plants.

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U.S. ethanol production was flat the week ending April 16, according to data released by the U.S. Energy Information Administration on April 21. Fuel ethanol stocks were down slightly from the previous week.

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ICM Inc. has signed an agreement with Lakeview Plymouth Energy LLC to upgrade the ethanol producer's distillation system and convert its high-pressure distillation system to ICM's proprietary lower-temperature vacuum distillation.

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Chippewa Valley Ethanol Co., a 50 MMgy ethanol plant located in Benson, Minnesota, is celebrating a new milestone. April 2021 marks the 25th anniversary of the company's fuel ethanol and industrial alcohol manufacturing.

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This year marks the 50th year of business for NLB Corp., the largest manufacturer of high-pressure water equipment and accessories.

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