In Illinois, the U.S. Environmental Protection Agency is accepting public comment on a proposed permit that would allow Archer Daniels Midland to inject carbon dioxide deep underground at a facility in Decatur, Illinois. This process – known as “carbon sequestration” – is a means of storing carbon dioxide, a greenhouse gas that contributes to climate […]
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 Illinois, LanzaTech will be establishing its global headquarters in Skokie, Governor Pat Quinn announced. The new location will also house the company’s research and development center, which recently received a $17 million investment. The new corporate headquarters, which will include proprietary synthetic biology and gas fermentation science, will be at the Illinois Science and […]
In Illinois, ethanol futures prices continued to soar on Friday with prices jumping 7.8% to the highest seen July 2006. Rail delays both to transport corn to distilleries and to ship ethanol to the coast areas where most of the demand is are forcing the high prices. Futures are up by a third in the […]
In Illinois, the premium for ethanol over gasoline hit its highest level in two years on Monday with 13 cents dividing the two fuels. Ethanol futures for April delivery hit $2.988 per gallon, the highest premium seen since November 2011, while the “at the rack” price paid by blenders hit $3.447 per gallon, up more […]
In Illinois, ethanol futures for April delivery soared 6% to a seven-month high on Tuesday at $2.72 a gallon after ethanol stocks fell to a record low. The contract with May delivery rose to $2.495 a gallon. US inventories are down 17.5% on the year at 15.28 million barrels while East Coast stocks are at […]
In Illinois, ethanol shippers are working to avoid the rail bottleneck in Chicago that has built up over the past several weeks following extreme winter weather. The backlog of shipments has forced delays across the nation not just in ethanol but in a wide variety of commodities. The impact on ethanol trade has been especially […]
In Illinois, sluggish return times for rail cars mean that ethanol prices in Chicago, traded as Chicago R11, are up $1.07 per gallon in the past month at $3.16. Little ethanol is available for prompt delivery, boosting spot prices. It’s the highest price Platts has assessed since it began doing so on Sept. 1, 2011. […]
In Illinois, GreenShift Corporation announced that Illinois Corn Processing LLC of Pekin, Illinois, has executed an installation and licensing agreement with GreenShift for its proven Corn Oil Extraction System. ICP is now the thirty-second ethanol plant to license GreenShift’s patented technology.
In Illinois, Maas Companies will auction $3.3 million of unused surplus activated carbon injection systems, scrubber equipment and particular baghouses through a timed, online auction ending Friday, March 28 at 4:00 p.m. central standard time. The equipment is located in East Peoria, Ill. Maas Companies specializes in liquidating specialized assets including ethanol and biodiesel plants and […]