Aventine Renewable Energy has announced the company has entered into a Restructuring Agreement with 100% of its term loan lenders. Under the terms of this agreement the company will convert the majority of its outstanding term loan debt into newly issued common equity, representing, on a fully diluted basis, approximately 92.5 percent of the issued and outstanding common stock after …
Kansas Drivers Have New E15 Retail Station
Drivers who live and travel through Ottawa, Kansas now have access to E15. The Zarco 66 station located at 2518 E. Logan (intersection of I-35 & HWY 68) has become the second retail gas station to offer E15 in the U.S. Earlier this summer, the Environmental Protection Agency (EPA) gave final approval for the sale of E15 and customers are …
EPA Requests Comment Period for RFS
The Environmental Protection Agency has officially requested a comment period to start the process toward consideration of a waiver for the Renewable Fuel Standard (RFS). EPA issued the request for comments in response to petitions from the Governors of Arkansas and North Carolina last week seeking a waiver of the volume requirements for corn ethanol under the RFS. The request …
Ethanol Safety Seminar Offered by RFA
The Renewable Fuels Association (RFA), along with Norfolk Southern Corp., CN Railway and Archer Daniels Midland Company (ADM) will co-host an Ethanol Safety Seminar on August 22nd in Decatur, IL. The free seminar will give first responders, hazmat personnel, safety teams and the general public in-depth information on proper training techniques needed to effectively respond to an ethanol-related emergency. “Ethanol …
Chrysler Helps “Tell the Story” of Ethanol
Chrysler sees great value in ethanol. James Frusti, Chrysler Group manager of Fuels, Energy and Regulatory Affairs, presented the company’s ethanol strategy as part of the auto industry’s greater efforts of collaboration during the 25th Annual Ethanol Conference. Fursti said that center stage of bringing any technology to market is the customer and the technology must provide value to the customer. “Whether it …
Ethanol Biorefining Innovations
There are many biorefining innovations taking place in the ethanol industry. During the 25th Annual Ethanol Conference, three company representatives discussed the research and technologies they were implementing or studying to increase the value of the ethanol production process. Steve McNinch with Western Plains Energy said his company is looking at how to move into the advanced biofuels category of …
Refiners to Try Syngenta’s Bio-Engineered Ethanol Corn
Two ethanol makers will be trying Syngenta’s Enogen® grain… corn that is bio-engineered to allow ethanol production to be more efficient, cost effective and better for the environment. This Syngenta news release says Golden Grain Energy (GGE) of Iowa and Siouxland Ethanol of Nebraska agreed to run three-month trials. Enogen grain is the first genetically engineered output trait in corn …
Do The Math
Recently the American Coalition for Ethanol (ACE) celebrated its 25th Annual Ethanol Conference. One of the things ACE knew 25 years ago was that they needed to work with the people who distributed fuel. Ron Lamberty, Senior Vice President and guru of market development, was one of those retailers with whom ACE worked. Twelve years later, Lamberty’s “gig” became full …
World Ethanol Market Projected to Reach 27.7B Gallons
The world ethanol market is projected to reach 27.7 billion gallons by the end of 2012 according to a new report, “Biofuels – A Global Strategic Business Report,” conducted by Global Industry Analysts. The growth, says the report, is due to skyrocketing crude prices, continued concerns over environmental pollution and the switch to biofuels. In addition, worldwide emission standards, biofuels …
UNL Team to Use E85 in SAE Competition
University racing teams participating in the Formula SAE Collegiate design and performance racing series have the opportunity to develop race cars with alternative fuels. The University of Nebraska-Lincoln team has chosen to compete in the 2013 series using E85 racing fuel. Ten of the 81 teams will be competing with E85 racing fuel. The student designed Formula racing type vehicles will compete …