U.S. ethanol exports dropped by half in January compared to December’s record high, according to government data released this morning and analyzed by the Renewable Fuels Association (RFA). January ethanol exports totaled 88.3 million gallons (mg), the lowest volume in four months. Despite the imposition of a tariff rate quota and 20% tariff in September, Brazil was the leading destination …
Nearly 50,000 Iowa Jobs Tied to Biofuels
A new study, authored by John Urbanchuk of ABF Economics and commissioned by the Iowa Renewable Fuels Association (IRFA), finds that nearly 50,000 Iowa jobs are supported by biofuels production. IRFA Executive Director Monte Shaw says the study indicates how many livelihoods are at stake in the continuing efforts by Texas Senator Ted Cruz to convince the White House to …
Ethanol Plant Managers Write President
Managers at 150 U.S. biofuel refineries across the heartland have sent a letter to President Donald Trump, urging him to “stand strong in defense of the Renewable Fuel Standard (RFS).” The plant managers, which represent the majority of U.S. ethanol production, address proposals by oil refinery supporters to “cut, cap, or eliminate” Renewable Identification Numbers (RINs), which they say “would …
ICM and The Andersons Collaborate on New Bio-refinery
ICM, Inc., and The Andersons, Inc., are partnering to own and construct a state-of-the-art bio-refinery in Colwich, Kansas. ELEMENT, LLC will be a 70 MGY bio-refinery combining ICM’s next-generation technologies, with the merchandising, risk management and logistics expertise of The Andersons. “The Andersons and ICM share a common vision. We strive to utilize our combined experience and expertise to build …
Study Shows Impact of RIN Price Cap on Corn Prices
A new analysis from the Center for Agricultural and Rural Development (CARD) at Iowa State University shows that any action to artificially cap Renewable Identification Number (RIN) prices in exchange for a waiver allowing year-round sale of E15 would result in reduced ethanol consumption, a drop in corn prices, and an effective cut of 5% to the Renewable Fuel Standard …
Ethanol Report on RINs in the White House
President Donald Trump has been meeting with stakeholders in the biofuels and refinery industries to find a way to lower Renewable Identification Number (RIN) prices that is acceptable to both sides. Two main options are a cap on RIN prices, or allowing year round sales of E15, or some combination of both. In this edition of The Ethanol Report, we …
Enogen® Premiums Will Top $100 Million in 2018
For the past five years, Enogen® corn enzyme technology has given farmers the opportunity to be enzyme suppliers for participating ethanol plants and earn a per-bushel premium, and by the end of this year, Syngenta expects total premiums paid to Enogen corn growers to top $100 million. Syngenta made that announcement at the Commodity Classic last week. Chris Tingle, head …
Biodiesel Group Honors California Clean Fuel Leader
Last week at the California Advanced Biofuel Alliance annual conference the National Biodiesel Board (NBB) honored Celia DuBose with the Climate Leader Award. DuBose was a founding member and the first employee of the California Biodiesel Alliance, an organization committed to enhancing access to cleaner burning biodiesel. As executive director, she oversaw the organization’s recent expansion into representation of other …
American Ethanol Website Gets Facelift
Growth Energy recently gave the American Ethanol Racing website a new facelift just in time for the new season. As an official NASCAR partner and sponsor of the 2018 Daytona 500-winning No. 3 Monster Energy Cup Series racing team, Growth Energy is excited to showcase the many engine performance benefits of biofuels in innovative, engaging ways. The dynamic, revamped website …
Biodiesel Board Grows Membership
The National Biodiesel Board (NBB) added two more organizations last month, welcoming commodity merchandising company WWS Trading, and biodiesel equipment manufacturer All Line Equipment. “NBB’s primary goal has always been to advance the biodiesel industry, and one of the many ways we achieve that is by connecting our members to one another,” said Brad Shimmens, Director of Operations and Membership. …