US BioEnergy Corporation reports higher third-quarter earnings on rising output and lower corn costs. According to the company, net income in the third quarter was $11.1 million, or 15 cents per share, compared with $8.3 million, or 12 cents per share, in the second quarter. The company went public last December. Gordon Ommen, US BioEnergy’s CEO says, “It was the …
Biofuel Makers Want Changes to Farm Credit Rules
Leaders in Iowa’s renewable energy field are asking Congressional leaders to change federal law so Farm Credit would be allowed to make loans to build ethanol and biodiesel plants that do not have a majority of farmer-stockholders as owners. This story in Wallaces Farmer says they’ve sent a letter to both of Iowa’s U.S. Senators, Chuck Grassley and Tom Harkin, …
Good News in WSJ Article
A Wall Street Journal article on water use for ethanol production points out that the industry is taking steps to address the concerns. Ethanol producers say they are prepared for the challenges as the business expands and are ready to adapt quickly. Producers, plant designers and water engineers are all teaming up to try to reduce water consumption, says Matt …
Storm Spotlights Ethanol
Kearney, Nebraska’s Tri-City Storm hockey team is planning to host an “Ethanol Awareness Night” in conjunction with a February home game, according to the United States Hockey League (USHL). The Friday, Feb. 8 hockey game will be designated as Ethanol Awareness Night. Sponsors in support of the game night event will be on hand to visit with fans about the …
World Ethanol Leaders Issue Statement
In conjunction with F.O. LICHT´S World Ethanol 2007 conference being held in Amsterdam this week, leaders of the world’s largest ethanol production and trade associations issued a joint statement on the necessity of developing a robust and vibrant renewable biofuels industry around the globe. The statement was issued jointly by Gordon Quaiattini, President, Canadian Renewable Fuels Association, Canada; Robert Vierhout, …
Goshen Energy, Native American Biofuels Ink Landmark Deal
Goshen Energy has struck an agreement with Native American Biofuels International, which represents biofuels interests for about a dozen Native American Tribes, to help NABI distribute biofuels. This story from CNNMoney.com says the partnership is designed to help development of both bio-fuels and other renewable energy resources, along with necessary accompanying infrastructure, to establish a low cost feedstock source on …
Alternative Fuels in Alabama
Motorists traveling on Interstate 65 in Alabama will soon have the opportunity to fill up their vehicles on cleaner burning fuels produced in America. Governor Bob Riley made that announcement last week at a gas station in Vestavia Hills that will soon be offering E85 and B20 biodiesel. Three other cities – Athens, Cullman and Mobile – are also scheduled …
E85 in Atlanta
The greater Atlanta metro area officially welcomed its first E85 station station last week, thanks to help from General Motors, CleanFUEL Distribution, SP Petroleum, and Indore Oil. The pump is located at the Texaco Food Mart in Smyrna. CleanFUEL Distribution supplied the necessary E85 conversion parts and equipment, which were used to convert the dispenser to E85 compatibility. SP Petroleum …
Ethanol Blended Gasoline Record
The Energy Information Administration gasoline supply and production information released Nov. 7 indicates a new record for ethanol blended with conventional gasoline. The Weekly Supply Estimates Report shows that conventional gasoline blending with ethanol reached an all-time high of 2.119 million barrels per day as of the week ending Friday, Nov. 2. Such so-called discretionary blending is not required under …
Georgia Groundbreaking Marks Cellulosic Milestone
Georgia Governor Sonny Perdue welcomed a new phase in ethanol production to his state with Range Fuels’ groundbreaking of the nation’s first commercial-scale cellulosic ethanol plant this week. “Georgia is proud to partner with Range Fuels to lead the nation in delivering cellulosic ethanol as a solution to America’s dependence on foreign and fossil fuels,” said Governor Perdue. “Our abundance …