Rex American Resources Corp. has released third quarter financial results, reporting that net sales and revenue reached $121.2 million, up 4.2 percent when compared to the $116.3 million reported for the same period of last year.
The U.S. ethanol industry produced a record-setting 1.074 million barrels per day the week ending Nov. 17, overcoming the previous record of 1.061 million barrels per day set the week ending Jan. 27.
The U.S. Grains Council recently participated in a USDA agricultural trade mission to India, led by new Undersecretary of Trade and Foreign Agricultural Affairs Ted McKinney.
FROM THE DECEMBER ISSUE: Insurance claim data show certain incidents occur more often than others in the ethanol industry. Policies, culture and rapid emergency response can help prevent serious injuries.
The Agricultural Utilization Research Institute has named The Chippewa Valley Ethanol Co. of Benson, Minnesota, its 2017 Ag Innovator of the Year. The award is the group's highest honor.
FROM THE DECEMBER ISSUE: Corn oil maximization seems an obvious goal, but some DDGS feed markets prefer a higher oil content for better energy value.
FROM THE DECEMBER ISSUE: Ener-Core's power oxidation system draws energy from volatile organic compounds to produce heat and power, offsetting natural gas use.
UNICA, the Brazilian sugarcane industry association, has announced sales of hydrous ethanol continued to increase during the final half of October, reaching a near record high of 839.63 million liters domestically.
FROM THE DECEMBER ISSUE: Off-take agreements lose their financial appeal under a new provision taking effect at the end of next year.
FROM THE DECEMBER ISSUE: Lallemand acquires bacteria developer, Henderson re-elected as RFA board chairman, Bioenergy Australia appoints new CEO, and more.
The USDA has released the November edition of its Grain Crushings and Co-Products Production report, noting corn consumed for fuel alcohol reached 448 million bushels in September, down 7 percent from August, but up 3 percent from September 2016.
The U.S. Energy Information Administration recently released the November edition of its Short-Term Energy Outlook, maintaining its 2017 and 2018 ethanol production forecasts made in its October STEO.
Aemetis Inc. has released third quarter financial results, reporting revenues for its ethanol business grew 6.2 percent when compared to the same quarter of last year. Aemetis CEO Eric McAfee also noted ethanol production increased 4 percent.
The Andersons Inc. has released third quarter financial results, reporting that its Ethanol Group was challenged by decreasing margins. The group generated pretax income of $6.1 million, down from $9.5 million during the same period of last year.
Pacific Ethanol Inc. has released third quarter financial results, reporting the company achieved a record total gallons sold of 250 million and a record production gallons sold of 141.8 million.
UNICA, the Brazilian sugarcane industry association, recently announced that mills in the south-central region of the country continued to focus on ethanol production during the first half of October.
Enerkem Inc. has received approval from the U.S. EPA to sell cellulosic ethanol produced at its Edmonton, Alberta, facility under the U.S. Renewable Fuels Standard. Enerkem expanded the Edmonton facility to produce ethanol earlier this year.
Green Plains Inc. has released third quarter financial results, reporting net income of $34.4 million, or 74 cents per diluted share, up from $7.9 million, or 20 cents per diluted share, for the same period of last year.
The White House Office of Management and Budget is reviewing the U.S. EPA's final rule to set 2018 Renewable Fuel Standard renewable volume requirements (RVOs), along with the 2019 RVO for biomass-based diesel.
Clariant has announced the approval by its board of directors to invest in a new full-scale commercial plant for the production of cellulosic ethanol from agricultural residues using its sunliquid technology. The new plant will be built in Romania.
Archer Daniels Midland Co. released third quarter financial results on Oct. 31, reporting increased earnings for the Bioproducts segment due to better ethanol margins. Overall, the company reported adjusted segment operating profit fell 17 percent.
The U.S. EPA has released renewable identification number (RIN) data for September, reporting that nearly 1.6 billion RINs were generated during the month, including nearly 21.36 million cellulosic RINs.
Valero Energy Corp. has released third quarter financial results, reporting that its ethanol segment earned $82 million of operating income during the three-month period, down from $106 million during the same period of last year.
MEPs are calling for the European Union to source 35 percent of its energy from renewable sources by 2030, set nationally binding targets for renewable energy, phase-out of palm oil and food-based biofuels and set biomass sustainability standards.
Poet-DSM Advanced Biofuels has overcome bottlenecks associated with the feedstock pretreatment process and is now focused on downstream processing at Project Liberty, its 20 MMgy cellulosic ethanol plant in Emmetsberg, Iowa.
UNICA, the Brazilian sugarcane industry association, recently announced ethanol production reached 2.02 billion liters (533.63 million gallons) during the second half of September, up 11.55 percent when compared to the same period of last year.
European ethanol producer CropEnergies AG has announced a significant increase in revenues and earnings during the first half of its 2017-'18 financial year. The increase is attributed to higher production volumes of ethanol, food and animal feed.
ICM Inc. has announced the successful startup and commissioning of Brazil's first standalone dry-mill corn ethanol plant. The FS Bioenergia plant is a joint venture between U.S.-based Summit Agricultural Group and Fiagril Ltda of Brazil.
U.S. EPA Administrator Scott Pruitt has said the agency is expected to set final 2018 Renewable Fuel Standard blending obligations at or above proposed levels. He also indicated EPA will issue a final rule maintaining the current point of obligation.
FROM THE NOVEMBER ISSUE: Mexico's allowance of E10 blends creates an opportunity for the U.S., and work to develop that market is ongoing.
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