Despite increased demand for ethanol in the U.S., imports declined in both September and October of this year, according to preliminary data supplied by the federal Energy Information Administration. October imports of the plant-derived gasoline additive stood at 1.505 million barrels, down from 2.194 million barrels in September, and down from the record-high 3.203 million barrels in August. The October …
Ethanol Swap Contracts Successful
The Chicago Board of Trade has successfully launched clearing services for two new over-the-counter Ethanol Calendar Swap contracts with the clearing of 60 contracts last week. The new products, forward and previous month calendar swaps, are based on the price of CBOT Ethanol futures contracts and are the first exchange-cleared OTC products to be specifically tailored for use in the …
Producers Bullish on Ethanol
From the Journal Gazette (Fort Wayne, Indiana) One company foresees nearly limitless demand for alternative fuel as gas prices continue to rise. The other expects profit margins to tighten for ethanol producers as more companies enter the field. Their outlooks on the industry differ, but Indiana Bio-Energy LLC and Broin Cos. each plan to invest more than $100 million to …
Ethanol Could Save Ag in Louisiana
From the Daily Advertiser (Lafayette, Louisiana) “Ethanol could be the salvation of Louisiana agriculture,” says Commissioner of Agriculture and Forestry Bob Odom. He and others are hoping the future begins here. Plans to build an ethanol plant at the site of Lacassine Sugar Mill are under way with engineers from India visiting the plant last week for the first time …
Cellulosic Ethanol Research Moving Forward
Dyadic International, Inc. of Florida and Abengoa Bioenergy recently entered into a three-year research agreement to commercially develop a cost-effective enzyme production system for cellulosic ethanol. Abengoa Bioenergy is considered to be the second largest ethanol producer in the world with production facilities located in Europe and the USA. Dyadic pioneered the stone-free method used to make “stone-washed” blue jeans …
Interamerican Ethanol Launch
The launch of an international trade organization for ethanol will take place Monday in Coral Gables, Florida. The Interamerican Ethanol Commission will be launched with a breakfast and press conference featuring Florida Governor Jeb Bush, Inter-American Development Bank president Luis Alberto Moreno and Roberto Rodrigues, a former Brazilian Minister of Agriculture who is now president of the Superior Council of …
Going Green With Map Muse
Finding alternative fuels is easier when you have a muse to guide you. Map Muse is a mapping website with the goal of helping people find places related to their interests. Recently they added alternative fueling stations to their list of interests under the category of Going Green. The site has maps for a variety of alternative fuels including E85, …
Expanding Ethanol Employment Opportunities
A Nebraska community college is getting nearly $2 million in federal funds to increase educational opportunities for the ethanol industry. Sen. Chuck Hagel (R-NE) has announced that Northeast Community College in Norfolk will receive the grant from the U.S. Department of Labor. “This is important news for Nebraska,” Hagel said. “The growing demand for alternative sources of energy requires educated …
Aloha to Renewable Energy
The Hawaiian Electric Company, also known as HECO, is proposing to run a 110 megawatt power plant entirely on renewable fuels such as ethanol and biodiesel. According to the Honolulu Star Bulletin, the commitment to power the plant completely on biofuels was finalized last week and made public Monday. Robbie Alm, HECO’s senior vice president for public affairs, said the …
A Day Without Ethanol is Like a Day Without Sunshine
Xethanol Corporation is planning to build a biomass-based pilot production facility in Florida, utilizing waste citrus peels as raw material for making ethanol. According to a company release, the venture is located in Bartow, Florida, the heart of the state’s citrus industry. The venture is expected to establish a pilot plant to produce up to 50,000 gallons of ethanol this …