In Thailand, seven ethanol plants have the capacity to use deteriorated rice as feedstock and are likely to be brought into the government’s plan to use up to 1.4 million metric tons for ethanol production. The process should take about four months and will help to offset the lack of available cassava for feedstock. The […]
In California, the Imperial County Board of Supervisors only approved a loan of $750,000 to California Ethanol + Power for its proposed sugarcane and sweet sorghum ethanol plant rather than the $1.5 million loan it had sought.
In Brazil, hydrous ethanol’s fuel price parity with gasoline slipped last week for the 18th consecutive time to the lowest seen since Oct. 2010 with ethanol averaging about 63% of gas in the southeast of the country. Yet even though ethanol prices are slumping, drivers are still filling up with less E100 at the pump, […]
In the Philippines, the Department of Energy has decided to relax the requirement for 10% ethanol blending in premium 97 octane gasoline in an effort to reduce ethanol import demand following the lack of local production. The circular dated June 9 makes the move temporary until the local supply situation can be resolved.
In California, the Imperial County Board of Supervisors met on Tuesday to discuss a $1.5 million loan application from the Agriculture Benefit Fund for California Ethanol + Power LLC to build its planned sugarcane and sweet sorghum ethanol, power and biogas plant.
In Brazil, Platts reports that about 40,000 cubic meters of ethanol were booked to the US from the port of Santos for shipment in July and August with expectation of prices around $480/cu m FOB. A stronger dollar and stronger ethanol prices in the US made the arbitrage deal viable. A recent rally of D5 […]
In the Philippines, the Renewable Fuel Association is looking to double its ethanol exports to the country from the 67.5 million gallons exported in 2014. Despite opportunities for the local industry to produce enough fuels to supply its domestic blending mandate, it hasn’t managed to boost supply sufficiently so must rely on imports such as […]
In Illinois, corn prices are expected to fall soon, known as a “mini harvest”, as farmers look to offload corn before bringing in the new crop this fall, a move that will help corn ethanol margins rebound from recent levels. Corn prices have risen 5% over the past few weeks, pressuring margins to 10 cents […]
In Brazil, 58% of sugarcane harvested in the center-south region during the first half of June went towards ethanol production, and more than 61% during the crush so far, with the remainder going towards sugar. Despite the heavy focus on ethanol, production was down on the year due to 5% less cane being crushed during […]
In Brazil, Petrobras hasn’t managed to secure a buyer willing to pay the asking price for its 42.9% stake in Guarani’s sugar and ethanol mills. Tereos, who owns the majority of Guarani, has offered $200 million but Petrobras says it’s not enough. The asset is on the company’s books as being worth $407 million, plus […]