Mascoma Corporation of Cambridge, Mass. has received a $14.8 million award from the New York State Department of Agriculture and Markets and the New York State Energy Research and Development Authority to build and operate a biomass-to-ethanol demonstration plant in Rochester, New York. The project will focus on demonstrating “cellulose to ethanol” technology and industrial processes. International Paper Co., Cornell …
Another Ethanol Plant For Minnesota
Broin Companies has announced plans for an ethanol plant near Glenville, Minn. Glenville is located less than 10 miles southeast of Albert Lea, Minn., which is home to EXOL, a separate Broin managed facility that came on-line in August 1999 and operates at 45 million gallons per year. The new 60 million gallon per year Glenville Ethanol project will consume …
Bush and Officials Note Ethanol Accomplishments
In a press conference on Wednesday, President Bush noted the amazing growth in ethanol this year. “I’m pleased with the fact that we’ve gone from about a billion gallons of ethanol to over five billion gallons of ethanol in a very short period of time,” Bush said. According to the Renewable Fuels Association, by the time the year comes to …
Green Letter Year for Ethanol
2006 will be remembered as the year ethanol came of age. The Renewable Fuels Association put together a list of important events for ethanol in 2006: January 1 – The Renewable Fuels Standard (RFS) takes effect. The program is implemented under the default guidelines as the full program is developed. January 31 – During the State of the Union Address, …
Proof He’s Not Running For President
The brother of President George W. Bush will finish his term as Florida governor next month and become co-chairman of the new Interamerican Ethanol Commission. Launching the new commission Monday in Miami, Bush acknowledged that the idea of working with other nations like Brazil to supply ethanol for the United States would probably not be well received by producers in …
Ethanol and IRL Honored
For their efforts in promoting the use of ethanol in racing, the Indy Racing League and the Ethanol Promotion and Information Council received the 2007 Akerman Senterfitt Ethanol Innovator in Sports Award from the newly formed InterAmerican Ethanol Commission. The IndyCar Series will begin using 100% fuel-grade ethanol in the 2007 racing season, which begins at Homestead-Miami Speedway on Saturday …
Ethanol Promotion Goes Global
The Interamerican Ethanol Commission has been successfully launched. Florida Governor Jeb Bush joined Roberto Rodrigues, President of the Superior Council of Agrobusiness and Brazil’s Former Minister of Agriculture, and Luis Alberto Moreno, President of the Inter-American Development Bank, to launch the new commission in Coral Gables on Monday. During the event, Governor Bush also presented the Akerman Senterfitt Annual Ethanol …
Ethanol Imports Decline
Despite increased demand for ethanol in the U.S., imports declined in both September and October of this year, according to preliminary data supplied by the federal Energy Information Administration. October imports of the plant-derived gasoline additive stood at 1.505 million barrels, down from 2.194 million barrels in September, and down from the record-high 3.203 million barrels in August. The October …
Ethanol Swap Contracts Successful
The Chicago Board of Trade has successfully launched clearing services for two new over-the-counter Ethanol Calendar Swap contracts with the clearing of 60 contracts last week. The new products, forward and previous month calendar swaps, are based on the price of CBOT Ethanol futures contracts and are the first exchange-cleared OTC products to be specifically tailored for use in the …
Producers Bullish on Ethanol
From the Journal Gazette (Fort Wayne, Indiana) One company foresees nearly limitless demand for alternative fuel as gas prices continue to rise. The other expects profit margins to tighten for ethanol producers as more companies enter the field. Their outlooks on the industry differ, but Indiana Bio-Energy LLC and Broin Cos. each plan to invest more than $100 million to …