In the Netherlands, stronger physical ethanol prices continue to rise with the May swap supporting prices further, yet the cash premium over the front-month contract has taken a tumble to a one-month low. The premium reached on a seven-month high on April 17 but since then more supply has slowly been becoming available towards the […]
In Brazil, UNICA says hydrous ethanol sales soared during the first half of April at 693.7 million liters, up from 453.86 million liters during the same period last year. Higher gasoline taxes nationwide since February have helped improve demand while further support came from Minas Gerais where a lower sales tax on hydrous is encouraging […]
In Germany, two top executives from Suedzucker and CropEnergies respectively have stepped down following disastrous results in the ethanol business. Among those on the chopping block was CropEnergies’ CEO. The company’s UK ethanol business Ensus has been mothballed since February due to a weak Euro and poor ethanol prices.
In Nebraska, Green Plains says it expects US ethanol to retain its export advantage over Brazil through 2015 and well into 2016 despite a stronger dollar and slowing exports. The company has already seen strong interest in its Q1 ethanol production for 2016 while more than 20% of its Q1 production for 2015 has been […]
In Brazil, Platts expects sugar mills to have directed 68.57 percent of the sugarcane harvested during the first half of April towards ethanol production, reaching a total of 637,000 liters, including 450,000 liters of hydrous and 187,000 liter of anhydrous ethanol.
In Delaware, Croda International is investing $170 million through 2017 to create the first North American plant that will lead to 100-percent sustainable non-ionic surfactants, active emulsifying agents that help keep oil and water together, which are used in a range of products from face creams to toothpaste to paint to laundry detergent. The expansion […]
In India, Praj’s CEO expects the government to boost the ethanol blending mandate to 20% at some point in the future. About 4 billion liters of ethanol would be required to achieve that mandate. In an attempt to help boost sugar mills, the government approved a measure this week to drop excise tax on ethanol, […]
In the Philippines, the country’s Dept. of Energy hasn’t yet issued its ethanol blend quotas for Q3 following a mix up in the Q1 production and quotas that led to companies not sourcing all of the ethanol they should have. The country’s eight producers only managed to produce 43 million liters during Q1 despite promising […]
Across the Midwest, the crushing margins for corn-based ethanol was up last week by nearly 6% to 64.19 cents/gal, a four-month high. Even though feedstock prices were up slightly, spot demand for ethanol boosted prices and therefore the crush margin.
In Australia, United Petroleum says it can’t wait another 15 years for Queensland’s government to implement an ethanol blending policy as its ethanol plant in Dalby has already had to be mothballed several times due to lack of demand. The grain-based facility is currently running at about 50% production capacity.