Tweet In Brazil, GranBio’s financing round is complete for Brazil’s first commercial scale second generation ethanol plant. The company’s subsidiary, Bioflex Agroindustrial, received a $149 million loan from BNDES, Brazil’s National Social and Economic Development Bank. The project will use Beta Renewables’s technology for the 22 mgy bagasse and sugarcane crop residue plant. The BNDES [...]
Tweet In Washington, US ethanol production averaged 857,000 barrels per day (b/d) — or 35.99 million gallons daily. That is up 14,000 b/d from the week before and tied for highest of the year. The four-week average for ethanol production stood at 853,000 b/d for an annualized rate of 13.08 billion gallons. Stocks of ethanol [...]
Tweet In France, the International Energy Agency released its 2013 Mid-Term Oil Market Report, projected that US ethanol growth will stall almost completely through 2018 due to political opposition to the US Renewable Fuel Standard, the ethanol blend wall, stalling gasoline demand, and rising feedstock costs. “Though there is no clear indication the RFS2 will [...]
Tweet In Luxembourg, the Renewable Fuels Association (RFA) and Growth Energy filed a complaint with the EY General Court in Luxembourg challenging the European Union’s decision to impose a 9.6 percent antidumping duty on all ethanol imported from the United States. The complaint outlines 10 specific violations of one established trade law committed by the [...]
Tweet Today on Twitter: fuelfreedomnow What is cellulosic #ethanol anyway? @DuPont_ability breaks it down JhonCooper just had fundraising call from @GreenpeaceUK – apparently biofuels are better than arctic drilling… and artic is ‘like, a big bit of ice’ padotnet The Hazards of Biofuels
Tweet In Oregon, the former $200 million Cascade Grain, in part paid by $36 million in subsidies and tax credits, is now being used by its current owners to store and ship crude oil produced by fracking coming from the North Dakota oil fields. The oil is being stored in the tanks that once held [...]
Tweet In Washington, U.S. Rep. Pete Olson (R. TX) has submitted a bill that would see ethanol produced from natural gas treated the same as ethanol produced for corn or other crops. The move would be a boost to Celanese, Coskata and Primus Green, all of whom have developed ethanol from natural gas technologies.
Tweet In Brazil, Bloomberg New Energy Finance says rising ethanol production will mean 20% fewer petroleum imports for Petrobras this year, who will benefit significantly. UNICA says that the huge fall in sugar prices won’t be offset by the increase in ethanol demand, however.
Tweet In Massachusetts, community activists are warning about the potential for ethanol tankers to be used as a terrorist weapon if allowed to use rail lines running through residential areas near Boston en route to Global Partners’ terminal near Chelsea Creek. About 200,000 residents live within a half mile of the rail line running through [...]
Tweet In Ohio, operating profits for the ethanol arm of The Andersons soared to $2.5 million during the first over just $100,000 last year thanks to improved ethanol margins, which Morgan Stanley estimates are currently around 29 cents per gallon, and on more income from ethanol co-products. Morgan Stanley estimates for ethanol margins include a [...]