Directly on the heels of last week’s groundbreaking and announcement of two more plant sites in Nebraska, Midwest Etahnol announced yet another plant site this week, this one in Blencoe, Iowa. This little town of 213 people is located very close to the Nebraska/Iowa border and the proposed plant site is 477 acres of family owned property, which John Kant, …
ADM Riding Ethanol Wave
Lots of stories out about Archer Daniels Midland’s big fourth quarter profits on the strength of ethanol. ADM’s quarterly profit more than doubled from last year to $410 million, or 62 cents per share on “strong results from oilseed processing and ethanol.” Overall, ADM shares have risen 77 percent this year. Earnings from its bioproducts division, which includes ethanol, catapulted …
Looming Glut?
Here we go again – feast or famine time. Reuters is reporting that there could be a “looming glut” of ethanol ahead. Just a month ago we couldn’t produce enough. I especially like the fact that this story is based on the predictions of one person, Fimat Energy analyst Antoine Halff, who says, “Surging capacity … poses daunting challenges for …
Record Setting Demand
It should come as no surprise that demand for ethanol is setting records this year. The Renewable Fuels Association just announced the lastest available statistics to confirm that. According to RFA, May ethanol demand set a record at 349,000 barrels per day. That’s well ahead of May’s production figure of 293,000 barrels per day. Ethanol imports were down in May …
Two More Nebraska Plants Announced
At the groundbreaking ceremony for Midwest Ethanol’s O’Neill, Nebraska plant on Friday, company officials announced two more plant locations for the state. (Picture courtesy of Kurt Bravo). The specific site locations were identified as Furnas County Ethanol, Inc. in Arapahoe, which is 30 miles southwest of Holdrege, and Dawson County Ethanol, Inc. located in Elm Creek, near Kearney, Nebraska. Each …
Waste Not, Want Not
To some people, manure is just waste. To Iowa State University researcher Samy Sadaka, it’s bio-oil. He and other researchers at ISU are working on a project to convert farm waste into bio-oil. According to an ISU release, the project is being supported by $190,000 in grants from the Iowa Biotechnology Byproducts Consortium. The researchers are working to take wastes …
Fill Up and Feel Good on Pump Promotion
The latest “Fill Up, Feel Good” podcast from the Ethanol Promotion and Information Council is about the latest pump promotion done in connection with IndyCar Series races. The podcast features comments from Michigan governor Jennifer Granholm, IndyCar® Series drivers Vitor Meira and Jeff Simmons, Michigan Ethanol general manager Tony Simpson, Saginaw county Michigan farmer Don Morse and customer Alicia Hope …
Bunge Jumping on Iowa Ethanol Plant Deal
Bunge North America and Southwest Iowa Renewable Energy have announced plans to build and operate a 110-million gallon per year ethanol production facility near Council Bluffs, Iowa, according to a company release. Southwest Iowa Renewable Energy, LLC (SIRE) is an entity primarily owned by farmers in Southwest Iowa that was formed in 2005 for the purpose of developing and operating …
Feed vs Fuel
The food versus fuel debate is more of a feed versus fuel debate when it comes to corn and ethanol, since about half of our corn is fed to livestock. So, what does the livestock sector think about it? Some are making a big deal about a recent article in Pork Magazine in which Gary Allee, University of Missouri swine …
Indy Car Ethanol Pump Promo
The IRL Firestone 400 was delayed by two and a half hours Sunday, but at the finish line it was Helio Castroneves who finally brought it home after dueling it out the better part of the race with Vitor Meira, who finished second. Team Ethanol driver Jeff Simmons came in 10th to post his fourth consecutive top ten finish. Simmons …