While crude oil, heating oil and even the renewable ethanol had price declines in 2015, biodiesel stands alone as the only transportation fuel ending the year on a positive trend. This article from Bloomberg Business says biodiesel prices moved up at least 10 percent in the last month of the year, aided by the announcement that more biodiesel would be …
ADM to Develop North Carolina Ethanol Hub
Archer Daniels Midland (ADM) will develop a new ethanol hub in Selma, North Carolina. The company says the project with Kinder Morgan, Inc. and Bailey Feed Mill will be to build a new unit train rail facility and ethanol offloading system. KMI will invest in and construct the new facilities, which will be located at the Bailey Feed Mill and …
Iowa Tops 4 Billion Gallons of Ethanol in 2015
It’s been a record-breaking year for ethanol production in Iowa. The Iowa Renewable Fuels Association (IRFA) says the state’s 43 ethanol plants produced more than 4 billion gallons during 2015, up slightly from 3.9 billion gallons in 2014. Iowa continues to be the number one ethanol producing state, accounting for more than a quarter of all ethanol produced in the …
The Andersons’ Michigan Ethanol Plant to Expand
Agribusiness The Andersons is expanding its ethanol plant in Michigan. The company says the Albion, Michigan plant’s capacity is being doubled. “The supply and demand situation in Michigan relative to corn and ethanol is very favorable,” explains CEO Pat Bowe. “Advancements in farm practices and technology continue to increase the size of Michigan’s corn crop and enhance its quality. This …
China Imports Record Amount of US Ethanol
U.S. ethanol exports to China hit record numbers this year. And the U.S. Department of Agriculture (USDA) is crediting the rise to its trade mission last year that helped push overall agricultural imports to China to three times what they were just a decade ago. “Our objective for every trade mission is to create new markets for farm products made …
Just in Time for Christmas, Biodiesel Producers Get Extra Jingle
It might not be just the jingle of sleigh bells that puts a smile on biodiesel producers faces this Christmas season. With Congress passing the tax extenders legislation and the president signing it into law, many producers will enjoy a little extra figurative jingle in their pockets, as the federal $1-a-gallon biodiesel blenders tax credit is made retroactive for 2015 …
Enviva Buys Virginia Wood Pellet Plant
Enviva has bought a Virginia wood pellet fuel plant for $131 million. This news release from the company says the Southampton plant will produce more than half a million metric tons per year of the green fuel and brings Enviva’s production capacity to 2.2 million metric tons per year. “We are excited to announce our first drop-down transaction with our …
Waste Fat Biodiesel to Power London Buses
About one-third of London’s buses will soon be running on biodiesel made from animal fat waste. This article from the Guardian says two bus operators, Stagecoach and Metroline, will get the green fuel from Argent Energy at a 20 percent biodiesel (B20) blend. By March next year, almost 3,000 of the capital’s 8,900 buses will be powered by the B20 …
Power Generation Fueling Global Biomass Growth
The global biomass market has been growing and will continue to do so, thanks to power generation. This analysis from P&S Market Research says increased use of biomass pellets in power generation, along with increased government initiatives and stringent environment regulations, are the key drivers promoting the growth of the global biomass pellet market. The power sector application segment is …
ExxonMobil, Wisc. Partner on Biomass-Biofuel Project
Oil giant ExxonMobil has partnered with the University of Wisconsin–Madison on a project to turn biomass into biofuel. This article from Lab Manager says the two inked a two-year research agreement. UW–Madison long has been known for its expertise in biomass conversion, and the project leverages the university’s expertise alongside the resources and technology development of ExxonMobil. George Huber, the …