The California Energy Commission (CEC) has announced that it has approved three ethanol producers and four ethanol plants under its Ethanol Producers Incentive Program (CEPIP). If and when the program actually begins, it will pay an incentive to corn ethanol producers who are producing more than 10 million gallons per year and operating in the state; yet today, only one …
Gevo Prepares for IPO
Isobutanol company Gevo, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to its proposed initial public offering (IPO). The company has not disclosed how many shares it plans to offer nor when it will file for the IPO, but early estimates put the total worth of the IPO as high as $150 million. …
Seaweed Could be Another Ethanol Feedstock
The pursuit of new feedstocks for next generation ethanol has gone underwater. Seaweed has been getting quite a bit of attention for its potential in ethanol production, especially in Asia. Most recently, scientists from Tohoku University and Tohoku Electric Power announced they have developed a technology to efficiently generate ethanol from seaweed such as sea tangle and sea grape, according …
USDA Predicts Record Corn Crop
In the latest forecast issued by the U.S. Department of Agriculture (USDA), corn farmers are on track for a record corn crop and yield per acre for this year. The numbers are estimated to surpass the records set in 2009. USDA expects farmers to harvest 13.37 billion bushels, 2 percent larger than in 2009. They are also projecting 165 bushels …
Long Island Gets Four New E85 Pumps
“We are proud to be among the first to offer E85 in Long Island and we look forward to the day when many more fuel choices form the foundation of a new energy future,” said Laura Scott, Senior Vice President Finance and Strategy for Gulf Oil. “We would like to thank Growth Energy, the New York State Energy Research and …
Ethanol Production Strong, Exports Holding Steady
Ethanol production fell slightly for the week ending August 8, 2010 as compared to the week prior, yet remained strong totaling 866,000 barrels per day (b/d) or just shy of 36.4 million gallons per day. This according to Energy Information Administration (EIA) and reported by the Renewable Fuels Association (RFA). The four-week average ending August 6, 2010 shows ethanol production …
New Blender Pumps in Kansas
Growth Energy and Pro Ag Marketing have joined forces to install two new blender pumps in Kirwin and Kensington, Kan. The Kirwin Blender pump station is branded Pro Ag Marketing and the Kensington facility is named Corner Corral Cenex. “Selling ethanol blended fuels in our communities makes sense, as there is great synergy between what we do in producing the …
Lallemand Embarks on New Yeast Project
Lallemand Ethanol Technology has announced an exclusive partnership with Xylogenics, a bioengineering company, to develop and commercialize genetically enhanced yeasts for first generation ethanol production. Lallemand is one of the leading yeast providers for the ethanol industry. “Xylogenics is thrilled to be partnering with Lallemand, a global leader in fermentation technology and we are looking forward to bringing our exciting …
SunOpta Reports Strong Second Quarter Sales
SunOpta, a Canadian-based company that is developing a sugar substitute using ethanol, has reported strong revenues for second quarter. According to company financials, they brought in $235.9 million this quarter, as compared to $216.1 million in second quarter of 2009, a 9.2 percent increase. During this same time frame, SunOpta reported a significant increase in net income on a GAAP …