In Washington, the Energy Information Administration reports ethanol production fell to an average of 965,000 barrels a day last week as seasonal maintenance continues, but in line with the same volumes during this period last year. As a result, stocks fell to an 18-week low of 24.2 million barrels. As a result of lower production […]
In Brazil, Compagnie Maritime Monegasque (CMM) announced the closing of up to $94 million in financing. The transaction was funded by Summit Ridge Capital Partners. Panorama Capital Partners sourced and advised on the transaction, and participated as a co-investor. This financing enables CMM to recompose its shareholder structure and to expand its fleet. As part […]
In Brazil, Ukragroconsult reports the Mato Grosso Institute of Agricultural Economics (Imea) data shows about a quarter of the state’s corn production when to ethanol in the 12 months ending in March 2024. Ethanol production during that period rose 39% on the year to 4.54 billion liters using more than 10 million metric tons of […]
In South Africa, the Paper Manufacturers Association of South Africa (PAMSA), in collaboration with Stellenbosch University (SU), Sappi Southern Africa and Mpact recently launched its demonstration plant converting cellulose fiber-rich waste from pulp and paper mill operations into ethanol using a specialised fermentation process. Driven by the vast potential of this feedstock, the research by […]
In India, The Economic Times reported that the Indian government has allowed sugar mills to use 670,000 tons of B-heavy molasses as feedstock for making ethanol in the current year. Sugar mills in India were holding excess stock of B-heavy molasses — a byproduct of the sweetener — produced before the ban on its use […]
In India, the Economic Times newspaper reports the Indian government will allow 670,000 metric tons of Heavy B-molasses to be diverted to ethanol production following a ban, lifting of the ban, and then putting the ban back in place on sugarcane-based feedstocks due to expected lower cane production this season. Mills have been holding on […]
In Washington, Brownfield Ag News reports ethanol production fell to its lowest level in 13 weeks on the back of seasonal maintenance, the third consecutive week in a row that production as fallen. Production reached just 954,000 barrels a day, levels not seen since mid-January, which has helped to tap into growing stocks that have […]
In Wisconsin, Marquis and United Cooperative announced the sale of Marquis’ Necedah, Wisconsin, ethanol facility to United Cooperative. The facility will operate under the new name of United Energy Necedah LLC. The asset sale will be effective May 31, 2024, ensuring a seamless transition for grain customers and staff. The Necedah facility, which procures 36,000,000 […]
In Canada, Renewable Industries Canada (RICanada) notes the announcement in Tuesday’s Federal Budget 2024-2025, which included C$776 million towards a retooled Clean Fuels Funding program to support renewable diesel (RD), sustainable aviation fuel (SAF), and renewable natural gas (RNG). However, RICanada is issuing a serious concern over the apparent exclusion of ethanol among the supported […]
In Brazil, Bloomberg reports that despite presure from the Biden Administration, Brazil will continue to apply tariffs on US origin ethanol to protect its ethanol producers. Brazil would be open to lower tariffs, however, if tariffs into the US market allowed for more Brazilian sugarcane-based ethanol for Sustainable Aviation Fuel. By “growing the pie”, there […]
