In China, Reuters reports that 9,000 metric tons of US-origin ethanol is set to arrive in Nanjing on Friday which is seen as the first shipment following the phase one agreement of the new China-US trade deal agreed in January. The ethanol was loaded at the Sohar Port in Oman in April, although it wasn’t […]
In China, the Global Times newspaper reports that as part of the China-US phase one trade deal, the secretary general of the China Petroleum and Chemical Industry Federation says the country will buy $800 million worth of ethanol during 2020 as part of a wider $32.8 billion energy product purchase from the US. The US […]
In China, Platts reports that as part of its efforts to ease trade tensions with the US, it is pulling back tariffs on close to 700 products, including denatured ethanol, which is meant to significantly help the US ethanol industry who has been suffering due to high tariffs that made exports to that key market […]
In China, China Dialogue reports that Brazil is likely to be the main origin of ethanol imports that will be required to bridge the gap between its 3 million metric tons of ethanol production and the 15 million tons required to achieve its planned E10 blending mandate by 2020. Estimates are that domestic ethanol production […]
In China, Reuters reports that despite an upcoming meeting between US and Chinese leaders next week and an investigation into anti-dumping tariffs on US-origin DDGS that concluded in April, the country has decided not to drop the tariffs because it fears that lowering the tariffs would encourage an untenable influx of DDGS that could damage […]
In China, Reuters reports that the government has started to review its tariff policy on US-origin DDGS as requested by the US Grains Council and others. Tariffs were first set in 2016 at 33.8% but were later raised to as high as 53.7% in addition to up to 12% anti-subsidy tariffs but the commerce ministry […]
In China, ICIS reports that ship-to-ship transfers of US-origin ethanol is one way the fuel is making its way to lucrative Chinese markets despite 70% tariffs on ethanol imports. In 2016, about 17% of total US ethanol exports found their way to China. Malaysia and the Philippines have become common “new” origins for US-origin ethanol […]
In China, Platts reports that bids and offers for US origin ethanol are being heard after practically no trade since July due to the ongoing, but potentially easing, trade war between the US and China. Bids were offered for $450-460/ton CFR China while an offer was made for $510/ton CFR China for prompt shipment of […]
In Thailand, Reuters reports that the government has halted imports of US-produced DDGS unless it has been “properly fumigated” due to two shipments in August and November that had been infested with Khapra beetle. Thailand and the US are negotiating with gas is best to use for the fumigation—Thailand wants methyl bromide while the US […]
In Michigan, in early December 2018, VERBIO North America terminated the agreement it had entered into to purchase a 159-acre parcel owned by Mrs. Myrtle Posey located at the southeast corner of N. Meridian Road and E 110 Avenue N. The site was selected, following a detailed search that lasted approximately 3 months, because it […]
