Green Plains Partners has announced that it the acquisition of the storage and transportation assets of the Hopewell, Virginia and Hereford, Texas ethanol production facilities from Green Plains, Inc. has been completed. Totaling $62.5 million, these are the first two transactions completed since the company’s IPO. The acquired assets include ethanol storage tanks that support the plants’ combined expected production …
IA Gov. Branstad to Speak Iowa Renewable Fuels Summit
Once again, Iowa Governor Terry Branstad along with Lt. Gov. Kim Reynolds will be discussing Iowa’s leading role in biofuel production and development during the 10th annual Iowa Renewable Fuels Summit hosted by the Iowa Renewable Fuels Association (IRFA). The free event takes place January 19, 2016 in Altoona, Iowa. “Under Gov. Branstad’s proactive leadership, Iowa has become the nation’s …
Ethanol Report on 2016
A new year has dawned and with it new opportunities for the ethanol industry. In this Ethanol Report, Renewable Fuels Association (RFA) president and CEO Bob Dinneen discusses some of the upcoming events in 2016, including the 21st National Ethanol Conference in New Orleans February 15-17, and comments on whether there may yet be a legal challenge by the industry …
ADM to Develop North Carolina Ethanol Hub
Archer Daniels Midland (ADM) will develop a new ethanol hub in Selma, North Carolina. The company says the project with Kinder Morgan, Inc. and Bailey Feed Mill will be to build a new unit train rail facility and ethanol offloading system. KMI will invest in and construct the new facilities, which will be located at the Bailey Feed Mill and …
Iowa Tops 4 Billion Gallons of Ethanol in 2015
It’s been a record-breaking year for ethanol production in Iowa. The Iowa Renewable Fuels Association (IRFA) says the state’s 43 ethanol plants produced more than 4 billion gallons during 2015, up slightly from 3.9 billion gallons in 2014. Iowa continues to be the number one ethanol producing state, accounting for more than a quarter of all ethanol produced in the …
The Andersons’ Michigan Ethanol Plant to Expand
Agribusiness The Andersons is expanding its ethanol plant in Michigan. The company says the Albion, Michigan plant’s capacity is being doubled. “The supply and demand situation in Michigan relative to corn and ethanol is very favorable,” explains CEO Pat Bowe. “Advancements in farm practices and technology continue to increase the size of Michigan’s corn crop and enhance its quality. This …
China Imports Record Amount of US Ethanol
U.S. ethanol exports to China hit record numbers this year. And the U.S. Department of Agriculture (USDA) is crediting the rise to its trade mission last year that helped push overall agricultural imports to China to three times what they were just a decade ago. “Our objective for every trade mission is to create new markets for farm products made …
USDA Highlights 2015 Energy Achievements
Agriculture Secretary Tom Vilsack has released a list of USDA’s top achievements in 2015 in the areas of trade, food security, conservation, energy, research, rural development, and more. “Even with challenges in 2015, including an unprecedented animal disease outbreak and lower commodity prices, America’s rural communities have proven once again that we are a nation of makers, creators and innovators, …
Carson Supports RFS through 2022
During a recent campaign stop in Iowa Republican presidential candidate Ben Carson said the promise of the Renewable Fuel Standard (RFS) needs to be kept through 2022. “(A)s far as the Renewable Fuel Standard is concerned, there were certain promises that were made that extend out until 2022. And many people, you know, invested a lot of time, energy and …
ACE: Tax Credits Will Increase Cheaper Ethanol Blends
Last week Congress approved the Omnibus Bill that included tax credit extensions for clean, renewable energy. One of these credits is for retail fuel station owners who buy equipment to offer alternative fuels such as E85. Ron Lamberty, American Coalition for Ethanol (ACE) senior vice president and a fuel retailer, says additional ethanol blends could further increase profitability for retailers. …