Pacific Ethanol resumed production at its Burley, Idaho ethanol plant earlier this month and that paid off with a big jump in the share price this week. The company fired up its 60 million gallon per year Magic Valley facility on January 6, after being shut down for almost a year. “We are pleased to restart our Magic Valley facility …
Ethanol Groups React to California LCFS Approval
Ethanol advocacy organizations challenging California’s low carbon fuel standard (LCFS) are disappointed with approval for implementation this week by the state’s Office of Administrative Law (OAL). “Pursuing this strategy runs counter to the stated goals of Governor Schwarzenegger and the State Assembly to reduce carbon emissions from motor vehicles,” said Renewable Fuels Association President Bob Dinneen. “As crafted, the LCFS …
Record Corn Crop for 2009
There may still be corn left standing in the snow, but USDA says the 2009 corn crop was a record setter. In today’s crop production summary report, USDA projects U.S. corn production at a record 13.2 billion bushels, up from 12.9 billion bushels projected in USDA’s December forecast and 1 percent above the previous record of 13.0 billion bushels set …
Brazil May Reduce Level of Ethanol Blends
With a shortfall of sugarcane due to excessive rain, Brazil’s Agriculture Minister Reinhold Stephanes announced that they are considering reducing the amount of mandatory ethanol blended with gasoline. Today, all stations are required to sell gasoline mixed with a minimum of 20-25 percent ethanol. If enacted, the change could take effect as soon as this week but Stephanes has not …
Ethanol Group Critical of Biofuels Policy Paper
The Renewable Fuels Association (RFA) is calling the new policy paper by Rice University’s Baker Institute for Public Policy released this week a continuation of “the orchestrated campaign to limit, and ultimately eliminate, the use of biofuels to displace foreign oil.” The report, which was funded by Chevron Technology Ventures, concludes that “the current U.S. biofuels program that promotes corn-based …
Report: Enough Corn, Soybeans for Ethanol, Biodiesel
A new report indicates there will be enough corn and soybeans for ethanol and biodiesel production, as well as the feed, food and export uses those crops are tasked with. But the evaluation from the Agricultural Marketing Resource Center‘s Robert Wisner, Professor of Economics and Energy Economist, says things could get tight if next year’s crop is hit with bad …