Ethanol for the 2007 IndyCar Series will be supplied by Renova Energy of Wyoming. Ethanol Promotion and Information Council executive director Tom Slunecka made that announcement during a press conference Thursday announcing the new team for Rahal-Letterman Racing. “Of course all of our member plants are producing the same high quality product,” said Slunecka. “But Renova Energy will actually be …
Rahal Letterman Powered by Alcohol
Alcohol will be powering the 2007 Rahal-Letterman Racing team in more ways than one. The number 17 Team Ethanol car will be driven once again by Jeff Simmons and sponsored, of course, by the ethanol industry. The second car in the RLR stable will be Number 8, piloted by veteran IndyCar Series driver Scott Sharp and sponsored by Patrón Spirits …
Ethanol Business Stoked Up With Democrat Win
Shares of Archer Daniels Midland Co. and VeraSun Energy Corp., the two biggest U.S. ethanol producers, soared on speculation that Democratic control of the U.S. House of Representatives will boost demand. “A Democrat-led House is likely to amount to a political net plus for the ethanol industry,” Stanford Group Co. analyst Mark McMinimy wrote today in a report to clients. …
ADM Expects Growth in Low Percentage Ethanol Blends
The Chicago Tribune reports on comments from Archer Daniels Midland executives that they foresee “rapid growth in the market for gasoline blended with 10, 15 or even 20 percent concentrations of ethanol, but slower acceptance of so-called “E-85.” Read full story.
ADM Plans Global Lead in Biofuels
Archer Daniels Midland Company made presentations to financial analysts in Chicago Wednesday outlining plans to be the global leader in ethanol and biodiesel production, while expanding its top position in the agricultural processing value chain. “ADM is uniquely positioned at the intersection of the world’s increasing demands for both food and fuel,” said Patricia Woertz, ADM CEO and President. “As …
ISU Researching Potential Cellulose Breakdown Compound
A 40-year-old discovery is showing promise as a chemical pre-treatment that breaks down plant fiber. That could release the simple sugars in corn stalks or switchgrass so they can be fermented into ethanol. And that could add value to Iowa’s crops or the fibrous co-products of ethanol production. John Verkade, left, a University Professor of chemistry at Iowa State, and …
UL Reports Progress on E85 Pumps
Underwriters Laboratories reports progress toward developing safety requirements for E85 ethanol dispensers after a two-day forum at headquarters in Chicago last week. Concern over the safety of pumps for 85 percent ethanol was brought into question after a notice Oct. 23 that UL had suspended authorization of E85 dispenser components and that it would be updating its requirements. The technical …
Ford Goes Back to Ethanol Roots
AgriNews of Minnesota reports that Ford is “returning to its origins with its interest in ethanol.” In 1907, ethanol was the primary fuel for Ford vehicles because it was the most widely available fuel, said Ron Westby, director of public policy for Ford Motor Company, speaking at last week’s Agri-Growth Council annual meeting. Ford switched to gasoline after the Volstad …
Ethanol Fever Fires Up Farmers
Scripps News has a feature on ethanol fever in the Heartland, focusing on Heron Lake, Minn. Ethanol mania is sweeping through Heron Lake and many towns like it across the Corn Belt. Investors are spending billions in rural communities, sparking a wild rush to secure land, an industry movement to alter environmental standards and a rash of fierce bidding by …
CBOT to Launch OTC Ethanol Contracts
The Chicago Board of Trade has announced plans for two new over-the-counter (OTC) Ethanol Calendar Swap contracts. The new products, which will include contracts for both forward and previous month calendar swaps, will be based on the price of CBOT Ethanol futures contracts. Scheduled to be introduced on December 4, 2006, CBOT Ethanol Swap contracts are the first exchange-cleared OTC …