Denver-based chemical and biofuels company Gevo is buying a Minnesota ethanol plant to produce isobutanol. The company will acquire Agri-Energy’s ethanol production facility in Luverne, Minnesota and will begin mechanical retrofitting of the plant upon closing. Isobutanol production is expected to begin by the first quarter of 2012, but in the meantime, the facility will continue to produce ethanol. Company …
Ethanol Companies Post Strong 2nd Quarter Profits
Several companies that rely on ethanol as a part of their business have reported strong financial results for the 2nd Quarter. According to The Andersons earning reports, the company’s net income for the 2nd Quarter surpassed the $25 million mark, almost $10 million more than what was reported during the same quarter in 2009. The company attributes much of the …
Verenium Reports Positive Second Quarter
Verenium Corporation announced its financial results for the second quarter of 2010 and the outlook is positive. On the enzyme side, the company reported increased total product revenue by 27 percent for the 2nd Quarter compared to the 2nd Quarter in 2009 and a 15 percent increase in revenue over 1st Quarter sales of this year. In the biofuels space, …
ACE Honors Corn Growers for Ethanol Promotion
The American Coalition for Ethanol (ACE) honored corn growers for their efforts in promoting ethanol at the 23rd Annual Ethanol Conference and Trade Show in Kansas City this week. The National Corn Growers Association (NCGA) and 11 corn grower states were recognized by ACE with the “Paul Dana Marketing Vision Award” for their support in making the BYOEthanol campaign possible. …
RFA: EPA Overestimates ILUC Emissions
The Renewable Fuels Association (RFA) has sent another letter to the Environmental Protection Agency (EPA) regarding what they call errors in the calculations of biofuels’ carbon intensity under the Renewable Fuels Standard (RFS2). In the August 4th letter, RFA writes, “according to [EPA’s] own analysis, EPA grossly overestimated potential emissions from land use change (LUC) attributable to the [greenhouse gas] …
ACE Update on Ethanol Blender Pumps
One year ago at the American Coalition for Ethanol (ACE) conference in Milwaukee, the BYO Ethanol campaign was launched as a joint effort between corn-producing states, ACE, and the Renewable Fuels Association with the goal of installing more blender pumps nationwide. Today that effort is more important than ever as the industry is face to face with the 10 percent …
ACE President Stresses Positives for Ethanol Industry
The president of the American Coalition for Ethanol is a great representative of this grassroots organization that was formed in 1988 – a family farmer from South Dakota who believes in the ability of agriculture to help serve the nation’s energy needs. “We have to keep reminding ourselves how fast we’ve grown in a relatively short time and answered the …
ACE Looks at Big Issues Facing Ethanol Industry
Attendance at the 23rd annual Ethanol Conference and Trade Show this week is considerably smaller than it was when the American Coalition for Ethanol meeting was held here in Kansas City just a few years ago – but the issues facing the industry have never been bigger. As everyone knows, two major policy-driven challenges face the industry – expiration of …
The Economics of Ethanol from Corn Cobs
Producing a significant amount of ethanol strictly from corn cobs is possible but would require a specific set of circumstances to be economically feasible, according to a new report from Purdue University researchers. In the report “The Economics of Harvesting Corn Cobs for Energy,” Matthew Erickson and Wallace Tyner found that factors such as corn yield, farm size, harvesting equipment …