Tag: Platts

Elite Octane comes online just in time to flood pre-holiday DDGS market

Elite Octane comes online just in time to flood pre-holiday DDGS market

July 4, 2018 |

In Iowa, Platts reports that Elite Octane’s new 120 million gallon per year ethanol plant started crushing corn this week, just in time to load extra supplies of DDGS on the local market ahead of the holiday weekend when stocks are high and demand is low. Some plants are offering DDGS at a $20/ton discount […]

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Monterrey and Guadalajara ask to boost ethanol blends to 10%

Monterrey and Guadalajara ask to boost ethanol blends to 10%

July 3, 2018 |

In Mexico, Platts reports that Monterrey and Guadalajara have asked for 10% ethanol blending mandates in the expectation that it will be able to reformulate its gasoline. Current fuel specs in Mexico are such that higher ethanol blends boost the evaporation rate but US gasoline doesn’t, so it needs to either reformulate or import from […]

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EPA says it’s on track to publish 2019 and 2020 RVOs soon

EPA says it’s on track to publish 2019 and 2020 RVOs soon

June 18, 2018 |

In Washington, Platts reports that the Environmental Protection Agency confirmed it is close to announcing renewable volume obligations for 2019 advanced biofuels and ethanol and 2020 requirements for biodiesel. The interagency review process should be finalized this week and the announcement will be made shortly thereafter. The agency is keeping to the established timetable in […]

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Ethanol production picks back up but stocks continue to fall

Ethanol production picks back up but stocks continue to fall

May 31, 2018 |

In Washington, Platts reports that Energy Information Administration data showed a 13,000 bpd jump on ethanol production over the previous week to 1.041 million bpd. Yet despite the return to higher production volumes, stocks still fell in four out of five regions to 21.263 million barrels, down 866,000 barrels from the week prior. The Rocky […]

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China sourcing ethanol from Central America after US arb window closed

China sourcing ethanol from Central America after US arb window closed

May 30, 2018 |

In China, Platts reports that with the ethanol arbitrage window tightly shut against the US after imposition of an additional 15% import tariff, importers are instead looking towards origins in Central and South America to source needed supplies. Shipments heard include a likely one-off duty-free shipment of up to 17,000 metric tons from Costa Rica […]

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European Commission to begin registering Argentine biodiesel imports Friday

European Commission to begin registering Argentine biodiesel imports Friday

May 24, 2018 |

In Belgium, Platts reports that as part of the European Commission’s most recent trade investigation into potential dumping of Argentine biodiesel on the European market, the EC will begin registering imports of Argentine biodiesel as of Friday in an effort to better track potential increases in import volumes and be able to respond quicker.  The […]

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Biodiesel RIN prices nosedive to 2.5-year lows on lack of buying interest

Biodiesel RIN prices nosedive to 2.5-year lows on lack of buying interest

May 22, 2018 |

In Washington, Platts reports that with obligated parties finding ways out of compliance with the Renewable Fuels Standard, prices for RINs are falling, like biodiesel RINs that fell to 2.5 year lows earlier this week at 45.50 cents/RIN. Prices fell in April as well as news that hardship waivers were being granted to far more […]

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Rising corn prices squeezing Midwest ethanol producers

Rising corn prices squeezing Midwest ethanol producers

May 22, 2018 |

In Illinois, Platts reports that it may be rising corn prices squeezing the already tight crush margin that begins to slow down ethanol production. Platts reported margins at just 2.96 cents/gal after corn futures soared nearly 14 cents in a week following China’s decision to drop an investigation into US sorghum exports that sent all […]

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Boho factor slips into negative territory for first time in 3.5 years

Boho factor slips into negative territory for first time in 3.5 years

May 17, 2018 |

In Texas, Platts reports that the boho factor that measures the spread between soybean oil and heating oil that typically is an indicator of favorable blending economics for biodiesel when at the lower of the scale has entered into negative territory for the first time since November 2014 at minus 1.47 cents/gal. The spread went […]

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CropEnergies’ 2017/18 ethanol production rose 12% but operating profits down

CropEnergies’ 2017/18 ethanol production rose 12% but operating profits down

May 17, 2018 |

In Germany, Platts reports that CropEnergies’ ethanol production jumped 12% during 2017/18 to a record 1.149 million cu m, together with 15% more animal feed and protein production of 662,000 metric tons saw revenues increase 10% on the year to $1.042 billion. Higher raw material cost and maintenance saw operating profits fall by a quarter […]

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