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 …
Novozymes Receives $28.4 Million To Advance Biofuels
Novozymes has received a $28.4 million tax credit to aid in the construction of the company’s new enzyme manufacturing facility in Blair, Nebraska. Specifically, Novozymes has received an Advanced Energy Manufacturing Tax Credit from the Obama administration. Once complete, the plant will produce enzymes used during the production of advanced biofuels and create more than 100 ‘green’ jobs. The tax …
Growth Energy Introduces Market Development Newsletter
The first issue of the Market Development FYI Newsletter includes the following articles: Big Oil Letting Go of Retail Outlets; MSDS Sheets for Ethanol Blends; Missouri Opens First Blender Pump; Blender Pump Tax Fix Sought; States Offer Additional Infrastructure Tax Credits; E85 Makes Inroads on Cost and Availability; Dresser Wayne Promotes Blender Pumps; Member Spotlight and much more. To sign …
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 …
Mascoma Appoints William Brady as CEO
Effectively immediately, William J. Brady has taken over the helm as the new CEO for Mascoma Corporation. In addition, Brady will also join the Boards of Directors of Mascoma and Frontier Renewable Resources. He brings to the organization 23 years of experience at Cabot Corporation in various positions including Executive Vice President and General Manager of several operating divisions. Brady …
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 …