Search Results for 'ethanol'

COFCO setting up ethanol trading desk for US-Brazil-China trade

COFCO setting up ethanol trading desk for US-Brazil-China trade

May 26, 2016 |

In New York, COFCO is setting up an ethanol trading desk in an attempt to penetrate the US ethanol market. The company has headhunted a trader from Louis Dreyfus Commodities and will likely source others to facilitate trade from the US and Brazil into China. They trader would also look to trade between the US […]

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Nigeria’s Cross River to get $2.5 million cassava ethanol plant

Nigeria’s Cross River to get $2.5 million cassava ethanol plant

May 26, 2016 |

In Nigeria, the Cross River government is supporting the development of a $2.5 million cassava ethanol plant in the state in collaboration with the Partnership Initiative for the Niger Delta (PIND) Foundation but it is unclear the government’s role or who the private sector partner is for the project. The state is the country’s largest […]

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Midwest ethanol prices on the rise ahead of Memorial Day weekend

Midwest ethanol prices on the rise ahead of Memorial Day weekend

May 26, 2016 |

In the Midwest, with the Memorial Day holiday fast approaching, ethanol prices for fuel loaded on trucks in Minnesota and Wisconsin. In Minneapolis, prices rose three cents per gallon from Monday to Thursday, a typical move ahead of holiday weekends when fuel will need to be blended on the go to keep holiday travelers moving. […]

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Digest Bioeconomy Index drops 0.68 percent to 53.81 as ethanol equities retreat

Digest Bioeconomy Index drops 0.68 percent to 53.81 as ethanol equities retreat

May 26, 2016 |

The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, dropped 0.68 percent to 53.81 as ethanol equities retreated.  For the day, Pacific Ethanol (PEIX)  dipped 4.14 percent to $5.79, while Renewable Energy Group (REGI) tumbled 12.66 percent to $8,62 after announcing a convertible debt raise. Among other equities, Biox (BX.T) surged 10.64 […]

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Chinese ethanol imports fell 47% in April

Chinese ethanol imports fell 47% in April

May 25, 2016 |

In China, ethanol imports fell 47% in April compared to March at 53,142 cu m, but the figure is way above the April 2015 imports of just 7,441 cu m. The vast majority of the imports were denatured from the US, at a total of 44,496 cu m, less than half of March’s imports of […]

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ADM finalizes sales of Brazilian ethanol plant

ADM finalizes sales of Brazilian ethanol plant

May 25, 2016 |

In Illinois, Archer Daniels Midland Company announced that it had completed the sale of its sugarcane ethanol operations in Limeira do Oeste, in the Brazilian state of Minas Gerais. “ADM’s Corn business is delivering on its strategy of diversifying our portfolio and expanding our global footprint, while addressing underperforming businesses,” said Chris Cuddy, president of […]

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European ethanol crushing margins tighten as feedstock prices increase

European ethanol crushing margins tighten as feedstock prices increase

May 25, 2016 |

In the Netherlands, corn and wheat prices have been getting stronger over the past few sessions which is having a negative impact on ethanol producers by squeezing margins, due to the fact the traditional summer driving season is slow in arriving thanks to a colder spring, keeping demand and supply in balance. The front-month Paris […]

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Digest Bioeconomy Index moves up 1.54 percent to 54.18 as ethanol equities jump again

Digest Bioeconomy Index moves up 1.54 percent to 54.18 as ethanol equities jump again

May 25, 2016 |

The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, jumped 1.54 percent to 54.18 as ethanol equities jumped again. For the day, Pacific Ethanol (PEIX)  soared 20.56 percent to $5.95, while Gevo (GEV) rose 6.18 percent to $0.36. Among other equities, Aemetis (AMTX) gained 2.76 percent to $2.61. Overall, advances led declines […]

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USDA leads ethanol leaders on trade mission to Mexico

USDA leads ethanol leaders on trade mission to Mexico

May 24, 2016 |

In Washington, Acting Deputy Secretary of Agriculture Michael Scuse will lead a team of U.S. ethanol industry leaders on a mission to Mexico May 24 to May 25, to explore opportunities to expand both the United States’ and Mexico’s renewable energy sectors. Mission participants will share their experiences with both ethanol production and the development […]

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New Uganda ethanol plant boosts local cassava prices three-fold

New Uganda ethanol plant boosts local cassava prices three-fold

May 24, 2016 |

In Uganda, an $1.8 million cassava-based ethanol plant has boosted prices more than three-fold since coming online last year, supporting economic development for local farmers. A 2010 World Bank-funded project supporting cassava production in Eastern Africa boosted supplies but there was no market to feed into, weighing heavily on prices. Yields have jumped to more […]

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