In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 965,000 barrels per day (b/d)—or 40.53 million gallons daily. That is down 8,000 b/d from the week before. The four-week average for ethanol production stood at 977,000 b/d for an annualized rate of 14.98 billion gallons. Stocks of ethanol […]
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In California, Pacific Ethanol reported Net sales of $227.6 million, Gross profit of $6.3 million and Adjusted EBITDA of $5.4 million for Q2 2015, and reported record total gallons sold of 140.7 million. Neil Koehler, the company’s president and CEO, stated: “We closed our stock-for-stock acquisition of Aventine Renewable Energy, establishing Pacific Ethanol as the […]
In California, Pacific Ethanol has begun commercial production of corn oil utilizing Valicor’s corn oil recovery system at its Columbia ethanol plant located in Boardman, Oregon. With the completion of this 2-year initiative, all four of the western Pacific Ethanol plants are now producing corn oil. In May, Pacific Ethanol began commercial production of corn […]
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 973,000 barrels per day (b/d)—or 40.87 million gallons daily. That is down 11,000 b/d from the week before. The four-week average for ethanol production stood at 978,000 b/d for an annualized rate of 14.99 billion gallons. Stocks of ethanol […]
In the Netherlands, the T2 ethanol premium over Eurobob gasoline reached $134.06/cu m as ethanol prices remain strong and gasoline prices continue to slip. As the premium hits a one-month high, some traders say they may look to blend less ethanol while others say it could create additional demand for double-counted ethanol.
In Iowa, the Le Mars city council has approved a rail easement agreement and a $300,000 loan towards building a rail spur for a proposed $3.1 million ethanol transfer facility. The plans include 300,000 gallons of storage and transfer equipment to allow the transfer of ethanol from one mode of transport to another.
In China, June ethanol imports soared to 20,643 cu meters from just 100 cu meters a year ago, led by exports from the US and Pakistan. Pakistan led the export push with 15,507 cu m of undenatured ethanol thanks to a duty-free trade agreement it has with China. Fuel-grade ethanol is on its way to […]
In Brazil, Raizen has secured its first export orders for cellulosic ethanol to Europe, and on top of that received a 26% premium over conventional ethanol prices of roughly 35 cents per gallon. The 26 million liter per year Piracicaba cellulosic ethanol plant was inaugurated on Wednesday but has been producing since December as it […]
In California, Blume Distillation sold a license to its Blume Biorefinery system to Numbitrax, based in Touwsriver, Western Cape, South Africa, has completed a purchase agreement and fund transfer for a Blume Biorefinery system. The purchase represents a several million-dollar investment for Numbitrax, which plans to produce ethanol as well as additional high-return offtake products, […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, fell 0.67 percent to 60.95 as ethanol equities were drubbed. For the day, Pacific Ethanol (PEIX) dumped 9.95 percent to $7.78, while Amyris (AMRS) lost 5.53 percent to $1.64. Among other equities, Gevo (GEVO) rebounded 7.26 percent to $2.07. Overall, declines led advances by […]