Tag: Illinois

Aventine secures $40 million loan for working capital and increased borrowing

Aventine secures $40 million loan for working capital and increased borrowing

September 18, 2014 |

In Illinois, Aventine Renewable Energy announced that on Sept. 17 the company secured a $40 million loan and security agreement in partnership with AloStar Bank of Commerce in Birmingham, Alabama, and MidCap Financial LLC in Bethesda, Maryland. The new loan replaces a previous agreement and adds over $10 million of increased borrowing capacity while providing […]

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Illinois Corn Marketing Board leads drive for higher ethanol blends

Illinois Corn Marketing Board leads drive for higher ethanol blends

September 16, 2014 |

In Illinois, Illinois Corn Marketing Board (ICMB) and the American Lung Association (ALA) recently chose Gilbarco Veeder-Root as their partner to help drive the adoption of higher ethanol blend fuel in Illinois. The partnership brings together three industry leaders to provide retailers a one-of-a-kind opportunity to make fuel dispensing equipment compatible with higher blends of […]

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USDA September 1 corn stock estimates won’t matter, asserts UIllinois Ag economist

USDA September 1 corn stock estimates won’t matter, asserts UIllinois Ag economist

September 10, 2014 |

In Illinois, Darrel Good, an Agriculture economist with the University of Illinois Extension, has published an article asserting that the USDA September 1st corn stocks estimates aren’t as important as the previous three years, when “stocks were generally small and the U.S. average corn yield was below trend value.” Said Good, “the market expectation is […]

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E15 ethanol: a smog, cancer and CO2 reducer, new study concludes

E15 ethanol: a smog, cancer and CO2 reducer, new study concludes

September 4, 2014 |

In Illinois, a new report concludes that E15 gas rather than regular gas displaces cancer causing emissions from gasoline, and will result in a 6.6% net decrease in cancer risk, a reduction in smog forming potential and a 1.5% reduction in greenhouse gas emissions compared to regular gasoline which contains 10% ethanol. The study was […]

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LanzaTech appoints Gregg Clevenger as CFO

LanzaTech appoints Gregg Clevenger as CFO

August 27, 2014 |

In Illinois, LanzaTech has appointed Gregg Clevenger as Chief Financial Officer. Clevenger joins LanzaTech as the company is set to commercialize its ground-breaking technology that recycles carbon into sustainable, valuable products. Its patented process uses a microbe to convert waste gas containing carbon monoxide or carbon dioxide (from industrial sources like steel mills and processing […]

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Increased demand due to cheap feedstock seeing support vegetable oil prices

Increased demand due to cheap feedstock seeing support vegetable oil prices

August 20, 2014 |

In Malaysia and Illinois, prices for palm oil and soy oil both fell to five-year lows following a current glut and expectation of further supplies from a bumper soy crop. The cheap prices are expected to boost demand, however, which Oil World says will least to stronger prices.  

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Corn use for ethanol likely to top 5 billion bushels

Corn use for ethanol likely to top 5 billion bushels

August 13, 2014 |

In Illinois, ethanol producers are expected to consume about 5.1 billion bushels of corn this year, based on the expectation of 14.1 billion gallons of ethanol. The boost in production over the previous year is a result of higher demand, more exports, fewer imports and rebuilding stocks after high corn prices due to drought reduced […]

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Illinois universities looking to develop national biofuel education standard

Illinois universities looking to develop national biofuel education standard

August 11, 2014 |

In Illinois, Southeastern Illinois College and a consortium of community colleges in the state are looking to develop the first national certification for biofuels processing. Building upon its associate degree program for ethanol and biodiesel processing, the certification would require sign off from the Dept. of Labor. Development of the certification would be done in […]

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University of Illinois says regulations needed for new energy crops

University of Illinois says regulations needed for new energy crops

August 7, 2014 |

In Illinois, if the hottest new plant grown as a biofuel crop is approved based solely on its greenhouse gas emission profile, its potential as the next invasive species may not be discovered until it’s too late. In response to this need to prevent such invasions, researchers at the University of Illinois have developed both […]

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Volumes for ethanol trade hit 20-year high

Volumes for ethanol trade hit 20-year high

August 4, 2014 |

In Illinois, the ethanol prices reported by Platts have reached a 20-year high at 605,000 barrels. The increased volumes mirrors the increased volumes on Chicago ethanol swaps. About 300,000 barrels of the July volumes were based on the Chicago ITT Argo terminal basis for 5-15 days forward. A major spike on NY Harbor-based volume also […]

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