Tag: Illinois

Ethanol futures sink to 9-year lows

Ethanol futures sink to 9-year lows

January 15, 2015 |

In Illinois, ethanol futures prices fell to a nine-year low to $1.29 per gallon following the Energy Information Agency’s data release that showed ethanol stocks at a two year high of 20.23 million barrels for the week ending Jan. 9. That is 1.38 million barrels more than the week before.  The EIA data also weighed […]

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Argonne releases new version of water consumption tool for biofuel developers

Argonne releases new version of water consumption tool for biofuel developers

January 15, 2015 |

In Illinois, a new version of an online tool created by the U.S. Department of Energy’s Argonne National Laboratory will help biofuels developers gain a detailed understanding of water consumption of various types of feedstocks, aiding development of sustainable fuels that will reduce impact on limited water resources. The newest version of the Water Assessment […]

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TruMarx Data Partners introduces biodiesel and RIN capacity to OTC platform

TruMarx Data Partners introduces biodiesel and RIN capacity to OTC platform

January 14, 2015 |

In Illinois, TruMarx Data Partners Inc., the creator of COMET, an on-demand platform for custom bilateral OTC transactions, announced the introduction of biodiesel and RINs transaction capability. COMET now supports direct bilateral transactions for biodiesel and assigned RINs, separated D4 RINs, and RINless biodiesel (wet gallons). This new capability allows users to:

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ADM’s CCS project hailed a success after storing 1 million tons of carbon

ADM’s CCS project hailed a success after storing 1 million tons of carbon

January 12, 2015 |

In Illinois, ADM’s carbon capture and storage project co-located at its ethanol plant in Decatur has successful stored 1 million metric tons of carbon since coming online in November 2011. So far the carbon has showed no signs of moving upward. ADM is getting ready to drill a second demonstration project that will stores 1.1 […]

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Corn futures fall below $4 a bushel as ethanol production slips

Corn futures fall below $4 a bushel as ethanol production slips

January 7, 2015 |

In Illinois, Chicago corn futures have fallen below $4 a bushel after the Energy Information Agency reported that ethanol production fell by 25,000 barrels per day last week on shrinking crush margins. Some ethanol plants are already running in the red with margins at just 21 cents per gallon, but increasing DDGS demand has lifted […]

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Chicago mayor sends E15 legislation back to the drawing board

Chicago mayor sends E15 legislation back to the drawing board

December 11, 2014 |

In Illinois, Chicago mayor Rahm Emanuel has deferred the vote on the proposed E15 availability mandate for the city, saying the proposal still needs tweaking so as not to negatively impact small businesses. The bill’s proponent, however, says it has already been weakened so smaller stations don’t have to comply, leaving just a quarter of […]

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Up to $11 million available to help Chicago gas stations switch to E15

Up to $11 million available to help Chicago gas stations switch to E15

December 9, 2014 |

In Illinois, the ethanol industry and the Chicago Lung Association are offering $11 million to gas stations to help them transition their pumps to E15 if the full city council approves a measure to mandate the blend city-wide. The policy has been watered down from its original version, giving stations 360 days to comply with […]

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Chicago Argo ethanol prices lose most of November’s gains

Chicago Argo ethanol prices lose most of November’s gains

December 9, 2014 |

In Illinois, Chicago Argo ethanol has tumbled to its lowest in at least a month at $2.0875/gal, down 11.25 cents from recent levels. After record ethanol production following a record corn crop, the market may at last be oversupplied after soaring nearly 54% in November. Already more than 71 cents of the 98 cents gained […]

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Ethanol exports up 31% on year but that’s nothing compared to 2020

Ethanol exports up 31% on year but that’s nothing compared to 2020

December 8, 2014 |

In Illinois, ethanol exports have increased 31% this year, the highest seen since 2011, but Citibank expects exports to double 2010’s levels between 2015-2020 at around 1 billion gallons per year. The longer the RFS remains in limbo, the more attractive and vital exports become. The RFA has already traveled on trade missions to Peru, […]

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Sorghum Partners have found sorghum products with aphid pest tolerance

Sorghum Partners have found sorghum products with aphid pest tolerance

December 8, 2014 |

In Illinois, Sorghum Partners has announced that several of its hybrid sorghum products have demonstrated tolerance against the sugarcane aphid pest that has plagued crops as far North as Kansas. A third-party evaluation conducted by the Agricultural Research Service division of the USDA verified that several Sorghum Partners® brand sorghum hybrids exhibit strong tolerance to […]

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