According to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 958,000 barrels per day (b/d)—or 40.24 million gallons daily. That is up 46,000 b/d from the week before. The four-week average for ethanol production stood at 920,000 b/d for an annualized rate of 14.10 billion gallons. Stocks of ethanol stood at […]
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The Biofuels Digest Index, an index of publicly traded biofuels stocks, was flat at 68.90 despite an ethanol advance. For the day, Aemetis (AMTX) retreated 4.40 percent to $4.35, while Codexis (CDXS) dropped 3.74 percent to $4.12. Among other equities, OriginClear (OOIL) soared 33.47 percent to $0.06. Overall, advances led declines by a 5 to […]
In Wisconsin, the American Lung Association’s Wisconsin Clean Air Choice program, the Wisconsin Corn Promotion Board and the Wisconsin Corn Growers Association are looking for cornfields along six major roadways to place placards promoting ethanol as part of their new E85 statewide campaign. The campaign is designed to be in the “Burma Shave-style” where several […]
In the Netherlands, bidding for T2 ethanol has softened recently in the face of ever more aggressive offers, with prices falling late last week to EUR514.75/cu m, the lowest since March 27. Ethanol producers are making the most of good margins and have boosted production but that has also increased supply which is now weighing […]
In Australia, the ethanol industry is fighting against the agriculture industry who claim that an ethanol mandate in Queensland would push up the price of food and fuel. The industry says the claims of food vs fuel are untrue, with other arguments also failing to stand up. Instead it is bullish on the opportunity for […]
In Jamaica, Petrojam Ethanol Ltd is being forced to relocate as the Petrojam oil refinery expands, putting the distillery in a tricky position. The energy minister insists the refinery expansion be well on its way by year’s end but PEL doesn’t yet have a game plan, though it would prefer to co-locate at a port […]
In Minnesota, financial advisory firm Ascendant Partners expects ethanol demand to rise and slowly boost prices—reversing a slowdown during Q1—as drivers get back on the road and consume more fuel at the pump. Increased demand for ethanol exports are also expected to help support prices and therefore margins for ethanol producers.
In Brazil, the ethanol export window to the US remains open for vertically integrated producers with a vessel booked for 40,000 cubic meters to load at the Port of Santos with Tampa as its destination. Bids and offers for Brazil ethanol exports were heard by Platts at $450 and $85 per cubic meter last week.
In Ecuador, the country will use the Platts US Gulf Coast ethanol pricing index plus delivery and a K factor of 18 cents per liter as it rolls out an E10 blending policy through 2018. The country is looking for nearly $1 billion to invest in sugarcane ethanol production to supply the mandate. Production to […]