The jury has ruled but the judgement is still out on the lawsuit between Novozymes and Danisco over a patent for enzymes used in biofuels production. A jury in the US District Court for the Western District of Wisconsin determined that Novozymes patent is valid and ordered Danisco to pay damages of more than $18 million for infringement. The jury …
American Ethanol Car to Race at Martinsville
American Ethanol will be in the spotlight at the Martinsville Speedway NASCAR Sprint Cup Series race this weekend in Virginia. The No. 33 Richard Childress Racing Chevrolet race car will feature a special-edition American Ethanol paint scheme at the race and will be driven by American Ethanol spokesman and recent Talladega race winner Clint Bowyer. In addition, the American Ethanol …
Reports Blame Speculators for Higher Prices
Two reports released earlier this week concluded that commodity market speculation is largely to blame for increasing prices of food and energy. The reports were issued in advance of the October 18 meeting of the Commodities Futures and Trading Commission (CFTC) which placed limits on speculation in a variety of commodities including oil, corn, gold and natural gas. One report …
USDA Predicts Smaller Corn Crop But Larger Inventory
The U.S. Department of Agriculture has shaved another 64 million bushels off projections for this year’s corn crop, but added 208 million bushels to beginning corn stocks for 2011/12. Corn production is now forecast at 12.4 billion bushels, down 1 percent from the September forecast and down slightly from the 2010 production estimate, but still expected to be the fourth …
Farm and Ethanol Groups Warn Against RFS Changes
A coalition of seven agricultural and biofuels organizations sent a letter this week to two members of Congress who have introduced legislation to modify the Renewable Fuels Standard (RFS2), warning that it is unnecessary and could lead to higher prices at the pump. The organizations were reacting to a bill introduced by Representatives Bob Goodlatte (R-VA) and Jim Costa (D-CA) …
Corn and Cattle Groups Disagree Over Changing RFS
Corn growers and cattle producers are at odds over new legislation introduced in the House that would change the Renewable Fuels Standard (RFS2). The bill, sponsored by Reps. Bob Goodlatte (R-VA) and Jim Costa (D-CA), would allow Congress to reduce the RFS requirement for ethanol whenever corn stocks are tight. Speaking on behalf of the National Cattlemen’s Beef Association (NCBA) …
Indiana Corn Growers Offer Ethanol Blender Pump Grants
Hoosier consumers will soon be seeing new flex fuel pumps at fuel retailers across the state thanks to a new program launched by the Indiana Corn Marketing Council (ICMC). The Flex Fuel Pump Program, unveiled during the Indiana Ethanol Forum in Indianapolis earlier this summer, awarded cost-share dollars to Indiana fuel retailers looking to install flex fuel pumps. Recipients of …
Renewable Fuels Month Proclaimed in Nebraska
September is officially Renewable Fuels Month in Nebraska now after a proclamation signing by the governor today at Husker Harvest Days. Nebraska Governor Dave Heineman joined state soybean board chair Lisa Lunz, NASCAR Nationwide driver Kenny Wallace and Alan Tiemann, chairman of the Nebraska Corn Board, in making the declaration. “Nebraska’s renewable fuels sector contributes to local communities by providing …
USDA Cuts Corn and Ethanol Forecasts
The U.S. Department of Agriculture has lowered its estimate of both corn production and ethanol usage of corn for this year. The latest crop forecast for corn was cut three percent in the August report, due to excessive summer heat that lowered average yields by almost five bushels an acre. The estimate for corn production this year is now 12.5 …
NASCAR Popular at Farm Progress Show
There were quite a few race cars mixed in with the tractors and combines this year at the 2011 Farm Progress Show in Decatur, Illinois. In addition Richard Childress and the American Ethanol NASCAR Sprint Series car at the Growth Energy exhibit, over at the Illinois Corn Growers exhibit, the Illinois Family Farmers NASCAR Nationwide Series driver Kenny Wallace was …