It was no surprise that VeraSun, one of the nation’s largest ethanol producers, filed for reorganization under Chapter 11 on Friday. The move has been expected as the company’s position continued to worsen after taking a fall on pricey forward corn contracts. The company was put on the market in September and Morgan Stanley was hired as an adviser. According …
Corn Growers Research Non-Fuel Ethanol Use
Ethanol production can yield some non-fuel uses that have yet to be realized. The National Corn Growers Association (NCGA) has been researching efforts that produce ethyl lactate from reactive distillation. Ethyl lactate is a general all-purpose solvent as well as a common ingredient in pharmaceutical preparations, food additives and fragrances, and it is typically derived from petrochemicals. The reactive distillation …
Biomass Conversion Technology Development
A Texas company is moving forward with technology that converts non-food biomass into chemicals that can be processed into ethanol and other renewable fuels. Terrabon has developed and is currently licensing its MixAlco™ biomass conversion technology to commercial customers. The company will dedicate its research facility on November 7 in Bryan, Texas to test the scaled-up commercial feasibility of the …
New Ethanol Studies Released
The Illinois Corn Growers Association today unveiled two landmark studies on ethanol that conclude production of the biofuel leaves a smaller carbon footprint than gasoline and has substantial room for growth without affecting corn supply to the food and feed sectors. Dr. Steffen Mueller, principal research economist at the University of Illinois at Chicago’s Energy Resources Center, studied the carbon …
Ag Chief Addresses Concerns About Loans to Ethanol Plants
Agriculture Secretary Ed Schafer met with livestock, dairy, and feed grain organizations on Monday to explain how some rural businesses – including both ethanol plants and livestock industries – may be eligible for the USDA’s Business and Industry Loan Guarantee Program. “We walked through the B&I loan guarantee program, which has been used by their memberships, and we assured them …
Ethanol Powered Super Car
A British company has developed a hot new sports car that can run on ethanol. The description for the new Climax on its website is pure poetry: Inspiration for the design came from the legendary Cooper Climax F1 car of the 50’s and is drawing on Britain’s vast Motor Sport Heritage while keeping a firm eye to the future. It …
Food and Fuel Forum in KC
Representatives from both sides of the food versus fuel debate discussed the issue on Friday in Kansas City during a forum held by the Agricultural Business Council of Kansas City. Speakers included USDA Undersecretary Tom Dorr; editor Morton Sosland of Sosland Publishing Co.; and Randy Schnepf, agricultural economist with the Congressional Research Service. The panel moderated by Mike Adams of …
Ohio Ethanol Plant is 26th for POET
The world’s largest ethanol producer opened a third plant in Ohio on Friday. POET Biorefining – Marion is POET’s 26th ethanol plant, bringing the company’s total annual capacity to 1.54 billion gallons. Senator George Voinovich (R-OH) joined company representatives and local dignitaries for the opening ceremony. “I could not be more proud of POET’s commitment to Ohio agriculture and Ohio …
South Dakota Corn Sponsors Ethanol Bowl
The South Dakota Corn Utilization Council is partnering with Northern State University to present the First Annual Ethanol Bowl next month. The premiere event will feature the NSU Wolves facing Northern Sun Intercollegiate Conference rivals the Augustana Vikings on November 8 at Clark Swisher Activities Complex in Aberdeen, S.D. “Northern State looks forward to celebrating a growing industry in our …
Ethanol Not Driving Food Prices
A Reuters report from the UK today quotes an economic expert as saying higher food prices this year were driven by speculators, not ethanol. Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief …