In Illinois, ethanol imports are lowering the price of ethanol to such an extent that it is having a heavy impact on profit margins for Midwest ethanol plants. Platts is reporting that margins fell to $1.6313/gal last week, down nearly 20% on the week. Ethanol prices hit an eight-year high the last week of March.
In Brazil, the agriculture ministry has confirmed that it is looking to increase the blend of anhydrous ethanol in gasoline to 27.5% from the current 25%. Such a move is expected to reduce Petrobras’ fuel imports, helping to offset some of its losses. The Brazilian stock exchange BOVESPA responded favorable to Petrobras on Friday after […]
In Sierra Leone, Addax Bioenergy is expected to begin ethanol production next week on Tuesday. The country’s president visited the site over the weekend ahead of the opening. When at full capacity, the facility will produce 85 million liters of ethanol per year in addition to 100,000 MWh of electricity.
According to EIA data, ethanol production averaged 896,000 barrels per day, or 37.63 million gallons daily. That is down 26,000 barrels per day from the week before. The four-week average for ethanol production stood at 898,000 barrels per day for an annualized rate of 13.77 billion gallons. Imports of ethanol were up from last week […]
In Brazil, despite the draught that has damaged sugarcane so far this year, the national agriculture statistics agency Conab expects ethanol production to increase 1.47% to a record of 28.37 billion liters. Ethanol production in the northeast will increase 4.53% to just over 2 billion liters. Overall sugarcane production should increase 2% to just under […]
In New York, ethanol prices at the harbor are falling at last with prices running at a discount to Chicago argo ethanol prices for the first time in six months. Platts is reporting the discount is on $0.0015 per gallon, but it’s still a discount. New York Harbor ethanol was assessed at $2.8395/gal on Wednesday. […]
In Suriname, the state-owned oil company Staatsolie is looking to scale-up a pilot project it undertook jointly with Brazil that produced ethanol from sugarcane. Now the company wants to grow 300ha of cane on old rice fields. It’s preparing to put out an EPC contract to tender to produce sugar, ethanol and electricity.
In the UK, CropEnergies’ ethanol plant does not yet have a restart date but will continue into April. The facility, purchased from Ensys in July last year, was taken offline in early March with the expectation of stopping production for two weeks. Platts reports that the company recently exported 16,500 cu to Raizen for export […]
In Virginia, Vireol Bio Energy LLC will commission the former Osage Bio Energy facility and begin production of ethanol in the City of Hopewell. The company, which will produce ethanol from corn, barley and other small grains, will invest more than $26.2 million to begin production at the facility, creating 70 new jobs in the […]
In Thailand, the country’s third-largest ethanol producer will use about 296 million shares from its upcoming IPO to fund a 3MW biogas power plant, along with reducing debt and increasing working capital. The power plant will supply the ethanol plant and is expected to significantly reduce its power costs. The two phases of the project […]