Search Results for 'ethanol'
In Washington, ABF Economics released a study for the Renewable Fuels Association that says U.S. ethanol has emerged as the lowest cost transportation fuel and octane source in the world over the past several years. The study addresses several issues relative to the competitiveness of American-made ethanol in three key U.S. markets: New York, Chicago […]
In Brazil, a bumper corn crop is weighing on prices but that downward trend is making the crop more profitable as a feedstock for ethanol. Usimat, which uses corn to produce ethanol during the sugarcane inter-harvest period, expects to produce 100,000 metric tons of ethanol from corn this next period due to low corn prices, […]
In Brazil, Copersucar says that ethanol demand could jump by 2.11 billion gallons a year if the government eliminated the price cap on gasoline. Analysts estimate Petrobras is discounting gasoline prices by up to 15% compared to international prices. Boosting the ethanol blend in gasoline to 27.5% from the current 25% would increase demand by […]
In South Africa, if Botswana, Namibia and Swaziland ratify the Economic Partnership Agreement negotiated between the countries and the European Union, South Africa will have a duty-free export quota to the EU of 80,000 metric tons of ethanol per year, in addition to other concessions.
In the US, ethanol production for last week averaged 943,000 barrels per day, 39.61 million gallons daily.That is up 16,000 b/d from the week before. The four-week average for ethanol production stood at 940,000 b/d for an annualized rate of 14.41 billion gallons. Imports of ethanol were 5,000 b/d, down from last week. Gasoline demand […]
The Biofuels Digest Index, an index of publicly traded biofuels stocks, rebounded 1.24 percent to 81.08 as ethanol equities rallied. For the day, Amyris (AMRS) jumped 5.28 percent to $3.59, while Metabolix (MBLX) lost 11.05 percent to $0.55. Among other equities, DSM (DSM.AS) rocketed up 4.31 percent to $52.09. Overall, advances led declines 11 to […]
In the Netherlands, European spot prices for ethanol have fallen to a four-year low at $590.57/cu m FOB. Oversupply compared to local demand has weighed on prices during the whole of the year, except when Middle East export demand led to a short-term surge in March. Crush margins for corn and wheat remain negative for […]
In Honduras, the first ethanol plant in the eastern part of the country has been inaugurated in Catacamas, in the department of Colancho, at the headquarters of the National Agricultural University. The facility was developed as part of a wider Organization of American States initiative with the support of Brazil and the US.
In India, the chemical industry says that the current 5% ethanol blend and proposed 10% ethanol blend for transport has caused shortages of ethanol and irrational price increases for use in chemicals. Roughly a million liters per year is required for the chemical industry, which it claims is the deficit now created in the market […]
In Egypt, the government has proposed the UAE invest $250 million in a 100,000 ton per year molasses-based ethanol plant as well as a $240 million ethanol plant that would use 100,000 tons per year of rice straw as feedstock. The UAE has expressed interest in investing in the country’s petrochemical sector so will revert […]