Tag: ethanol

US ethanol wants a home in the Philippines but it’s weighing on prices

US ethanol wants a home in the Philippines but it’s weighing on prices

July 26, 2016 |

In the Philippines, ethanol prices have fallen dramatically in light of significant volumes of US ethanol looking for a home in Asian markets. CIF prices fell to $490/cu m, the lowest since mid-March, from a recent high of $569.33/cu m on June 15. Prices are closely following corn futures south, which matched with export premiums […]

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Dung Quat ethanol plant mothballed following unpaid debts of $58 million

Dung Quat ethanol plant mothballed following unpaid debts of $58 million

July 26, 2016 |

In Vietnam, the Dung Quat ethanol plant has been mothballed following unpaid debts of $58 million. The facility has suffered heavy losses since its commissioning in 2012, never gaining a proper foothold on the market despite its potential to be a major player producing 100 million liters annually. Drivers have not responded to government support […]

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Cornell researchers develop ethanol production from anaerobic microbe

Cornell researchers develop ethanol production from anaerobic microbe

July 26, 2016 |

In New York state, Cornell University biological engineers have deciphered the cellular strategy to make the ethanol, using an anaerobic microbe feeding on carbon monoxide. To make biofuel from inorganic, gaseous industrial rubbish, the researchers learned that the bacterium Clostridium ljungdahlii responds thermodynamically – rather than genetically – in the process of tuning favorable enzymatic […]

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New York Harbor ethanol prices continue to fall weighed down by oversupplies

New York Harbor ethanol prices continue to fall weighed down by oversupplies

July 25, 2016 |

In New York state, ethanol prices continue to fall in the New York Harbor region due to oversupply, bringing prices down to their lowest since March at $1.50/gal. Even with prices so low, some barges have been traded at a 2 cent per gallon discount to second-month prices for prompt delivery. Though stocks fell last […]

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Chinese ethanol imports slide more than half from May’s record

Chinese ethanol imports slide more than half from May’s record

July 25, 2016 |

In China, ethanol imports in June slid to less than half of May’s record volume at just 111,651 cu m. Most of the imports came from the US with 104,536 cu m denatured or fuel grade, while much of the remaining ethanol was for beverage use and came from Pakistan, double what the country imported […]

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Ethanol production breaks record again at an average of 1.029 million bpd

Ethanol production breaks record again at an average of 1.029 million bpd

July 21, 2016 |

Across the Midwest, ethanol production continues to break records with the week of July 15 seeing an average of 1.029 million barrels per day, higher than the last record of 1.013 million barrels per day the week ending June 10. It was the eighth time production passed an average production of more than a million […]

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Brazilian hydrous ethanol prices rise on stock building demand

Brazilian hydrous ethanol prices rise on stock building demand

July 20, 2016 |

In Brazil, the Centre for Advanced Applied Economics (CEPEA) says hydrous ethanol prices rose last week in the Sao Paulo area to $1.87/gal, up 1.6% on the week, thanks to increased demand for stock building. Sugar mills are switching towards more sugar production thanks to higher prices, which may eventually have an impact on ethanol […]

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New York Harbor ethanol prices fall to discount against second-month

New York Harbor ethanol prices fall to discount against second-month

July 19, 2016 |

In New York state, oversupply in the New York Harbor region continues to weigh on prices with front-month prices falling to a 1.75 cents per gallon discount against the second-month. Stocks in the East Coast region were 492,000 barrels higher the week ending July 9 than during the previous year at 7.838 million barrels, up […]

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NNPC to invest $300 million in ethanol production in Benue state

NNPC to invest $300 million in ethanol production in Benue state

July 19, 2016 |

In Nigeria, the Nigerian National Petroleum Company is preparing to invest $300 million in an ethanol facility that will use sugarcane, cassava and oil palm residues as feedstock grown on 20,000 hectares that have been provided by the Benue Government as equity. The project will be financed through a joint venture with foreign partners and […]

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Brazilian mills keep focus on ethanol but wet weather means production behind last year

Brazilian mills keep focus on ethanol but wet weather means production behind last year

July 18, 2016 |

In Brazil, sugarcane mills continued to focus on ethanol production during the last half of June thanks to dry weather conditions that helped them bring in a huge amount of cane following weeks that had impeded the crush. Ethanol production is down 4% so far this year as a result of the delays despite more […]

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