Erratic behavior on the futures market for corn over the past few weeks is evidence that paper bushels, not ethanol, are driving corn prices, according to Renewable Fuels Association president and CEO Bob Dinneen. “Corn futures prices have tumbled by $1/bushel just since March 3, as huge index and hedge funds and other large speculators are pulling out of the …
2 POET Plants Reach 1/2 Billion Gallon Milestone
Two POET ethanol plants have each produced 1/2 billion gallons of ethanol. POET Biorefining – Big Stone produced its 500 millionth gallon of ethanol since going online in 2002 and back in December, POET Biorefining – Chancellor reached the same milestone. These are the only two POET plants to achieve this feat to date. “For years, POET Biorefining – Big …
Energy Security Issue Brief Released
A new issue brief was released on Energy Security as part of a series from The Ethanol Across America education campaign. The focal point of the report is to illustrate the negative impacts of continued dependence on imported oil. U.S. Senator Ben Nelson (D-NE) who recently released an amendment that would strip several anti-ethanol amendments out of the House approved …
USDA to Measure Biodiesel, Ethanol Co-Product Usage
The USDA wants to know how livestock producers are using co-products from biodiesel and ethanol production. This story from Ethanol Producer Magazine says the National Agriculture Statistics Service will be taking comments until March 28, 2011 with plans to release the results by next January: NASS expects to contact 70,000 various livestock and poultry operations in early January to gain …
Cheers For Green Beer
I’m sure there are people drinking green beer all over the world today but green beer is not just for St. Paddy’s Day. What, you ask? The U.S. Tax and Trade Bureau has recently approved Novozyme’s Ondea Pro, an enzyme originally introduced to the European market, to help make beer production more “green” aka sustainable. In fact, Danish brewer Harboe …
Ethanol Plant in Keyes, CA to Restart
AE Biofuels has announced that it has received $3.5 million in financing from Third Eye Capital Corporation. The money will be used to restart and operate the company’s ethanol plant in Keyes, California. In November 2010, AE Advanced Fuels Keyes, Inc. (AE Keyes) received $4.5 million from the same company to repair and retrofit the ethanol facility. AE Keyes officials …
Governors Urge Change in Corn for Ethanol Reporting
U.S. governors from Washington to New York to Texas are asking Secretary of Agriculture Tom Vilsack to change the way USDA reports the use of corn for ethanol production. In a letter sent to Vilsack this week, the Governors’ Biofuels Coalition urged the change to reflect the fact that corn for ethanol usage produces livestock feed in the form of …
Ethanol Interests Urge Defeat of VEETC Amendment
Legislation that would immediately repeal the Volumetric Ethanol Excise Tax Credit, or VEETC, is drawing criticism from ethanol interests. U.S. Senators Tom Coburn (R-OK) and Ben Cardin (D-MD) this week introduced the repeal as an amendment to the small business reauthorization bill, currently under consideration in the Senate. “The ethanol tax credit is bad economic policy, bad energy policy and …
POET Opens 27th Ethanol Plant in Indiana
The largest ethanol producer in the world got a little bigger today, and so did Indiana’s ethanol production capacity. POET opened its 27th ethanol plant and fourth plant in Cloverdale, Indiana with a grand opening event that included ethanol industry and government leaders, area farmers, new team members and area residents. The opening of POET Biorefining – Cloverdale represents an …
Upcoming: Sugar & Ethanol Brazil Conference
F.O. Licht’s 7th Annual Sugar and Ethanol Brazil conference is just around the corner (March 28-30) in Sao Paulo, Brazil and Bob Dinneen, President and CEO of the Renewable Fuels Association is one of the headline speakers. Topics for the conference include meeting the requirements of the California Low Carbon Fuel Standard and the Renewable Fuels Standard (RFS2) and how …