Shares for Archer Daniels Midland Co. took their biggest leap in over eight years as the world’s biggest corn and oilseed processor announced a second-quarter profit increase of 20 percent. ADM’s net income rose to $441.3 million, or 67 cents a share, in the last three months of 2006, compared to $367.7 million, or 56 cents, a year earlier. Sales …
Farm Bill Proposals Stress Cellulosic Ethanol
A word that few people even knew just five years ago when the last farm bill was written is all over the Bush administration’s 2007 farm bill proposals released Wednesday. That word is “cellulosic.” As announced last week, the proposals include $1.6 billion in new funding for renewable energy research, development and production, targeted for cellulosic ethanol, which will support …
Ethanol Representatives Witness First Indy Open Test
The IndyCar® Series held its first Open Test of the season Wednesday at Daytona International Speedway where for the first time all IndyCar Series cars ran on 100 percent fuel-grade ethanol. Ethanol Promotion and Information Council Executive Director Tom Slunecka said the IndyCar® drivers he talked to in Daytona are proud to be a part of the change to a …
Truth and Tortillas
Truth About Trade & Technology has posted a Wall Street Journal commentary on the tortilla crisis in Mexico. The op-ed piece contends that the “cause of the corn price spike is too much government intervention.” The sharp increase in Mexican corn prices, which fueled the tortilla price spike, followed big price increases for corn on international markets over the past …
“BioFuels or Bust” Seminar at Wash. U. in St. Louis
Washington University in St. Louis is playing host to a seminar on the role biofuels will play in a sustainable economics world. Jim McLaren, President and founder of StrathKirn, Inc, a science and biotech business consulting firm in nearby Chesterfield, MO, will conduct the seminar on the “state of biofuels development in the Midwest,” at Simon Hall on the Wash …
House Subcommittee Examines Alternative Fuels
The House Committee on Science and Technology Energy and Environment Subcommittee this week looked into the country’s readiness to meet the demands of alternative fuels. The subcommittee heard testimony relating to H.R. 547, the Advanced Fuels Infrastructure Research and Development Act, a bipartisan bill introduced by Committee Chairman Bart Gordon (D-TN), pictured here on the floor of the House. According …
Seed Companies Promote Ethanol Varieties
As farmers start to make planting decisions for the coming year, many with an eye towards increased corn acreage to meet the demand for ethanol, seed companies are promoting varieties that have traits best suited for ethanol production. Garst Seed Company has announced that 18 of their corn hybrids fall under the company’s ExtraEdgeTM designation, meaning they “exhibit grain characteristics …
All Boys Love Big Toys
Ethanol power was on display at the recent Big Boy Toy Show in Sioux Fall, SD. From planes to big trucks to race cars, it was all there for both big and little boys (and girls!) to enjoy. A special attraction for all was Team Ethanol IndyCar® Series driver Jeff Simmons and the show car simulator. Kids of all shapes …
Global Warming Expedition Kickoff
Legendary explorer Will Steger kicked off his Global Warming 101 Expedition this past weekend at the St. Paul Winter Carnival. Team Ethanol IndyCar® Series driver Jeff Simmons was among those on hand to see the expedition off, since the Ethanol Promotion and Information Council is a major Global Warming 101 sponsor. He got a chance to make friends with one …
Consumers Can Help Reduce Dependence on Foreign Oil
During the 2007 State of the Union address, President Bush made it very clear that ethanol has a vital role to play in our nation’s long term energy independence goals and public education will play a key role in the continued adoption of renewable fuels. This edition of “Fill Up, Feel Good” discusses what consumers can do to help the …