While most ethanol companies blame financial troubles on high commodity and energy prices, Aventine Renewable Energy Holdings, Inc. has thrown a new reason into the ring — blaming its bankruptcy on the availability of excessive Renewable Identification Number credits or RIN. RINS are used by the EPA to track how much ethanol is being blended into the the fuel supply. …
USDA Sees No Change in Corn Use for Ethanol
The April World Supply and Demand report out today from USDA lowers ending stocks for corn, but keeps corn use for ethanol the same. Corn ending stocks were cut by 40 million bushels “as higher expected feed and residual use more than offsets a reduction in food, seed and industrial use.” Food, seed, and industrial use was lowered 10 million …
CBO Report Not All Bad for Ethanol
A new Congressional Budget Office report shows other factors actually had a bigger impact on food prices last year than ethanol did and that ethanol is reducing greenhouse gas emissions. Most media reports have focused on the findings in the report, “The Impact of Ethanol Use on Food Prices and Greenhouse-Gas Emissions,” that from April 2007 to April 2008, the …
VIASPACE Increases Production of Giant King Grass
Amid concerns and criticisms of the near-term viability of cellulosic ethanol, VIASPACE Inc. has announced plans to expand production of its proprietary grass feedstock Giant King Grass. The Company’s goal is to supply nonfood feedstocks for the production of cellulosic ethanol, methanol and “green gasoline.” The first major Giant King Grass crop was planted in October 2008 in Guangdong Province …
Ethanol is Second Place for Valero
Valero may be in the ethanol business now with its purchase of eight former VeraSun plants, but oil is still the company’s first priority. That’s why they are not backing the ethanol industry’s request for an increase in the ethanol blend level to 15 percent. According to an article in Ethanol Producer Magazine, Valero maintains its membership in the National …
Silver Anniversary for Ethanol Workshop
The ethanol industry has grown tremendously in the last 25 years – and so has the International Fuel Ethanol Workshop and Expo (FEW). “The first event in 1985 had four tabletop exhibits and 36 people,” according to Mike Bryan, CEO of BBI International, which organizes the FEW. Last year, FEW 2008 featured over 4,000 attendees and nearly 1,000 exhibits. It …
Midwest Senators Sponsor Biofuels Pipeline Bill
The Midwest has plenty of ethanol and biodiesel… the big population centers in the Eastern United States needs those renewable fuels. You’d think it would be a match made in heaven, but the lack of infrastructure to move those biofuels has been a problem, adding extra transportation costs. But a new piece of legislation looks to rectify that. According to …