The American Coalition for Ethanol (ACE) this week voted to expand its board of directors to add representation from key ethanol companies and grassroots organizations. With the vote, four new members have been added to the board – Ron Fagen of Fagen, Inc; Greg Krissek of ICM; Todd Sneller with the Nebraska Ethanol Board; and Missouri Corn Growers Association CEO …
USDA Increases Corn Crop and Ethanol Use
Ideal summer growing conditions have helped the U.S. corn crop bounce back from flood damage, according to the latest report from USDA. The August crop production forecast is now 12.3 billion bushels, nearly five percent higher than predicted last month. It is still down 6 percent from last year’s record, but up 17 percent from 2006. The big story in …
Cellulosic Ethanol Demo Plant Opens in Montana
A cellulosic ethanol demonstration plant opened Monday in Butte, Montana – reportedly the first such plant to integrate the use of both cellulose and starch based feedstocks. California-based AE Biofuels celebrated the opening of its plant with various government representatives, including both U.S. senators and Governor Brian Schweitzer, who commented that he was proud “AE Biofuels’ groundbreaking technology was developed …
POET to Open 24th Ethanol Plant
The largest ethanol producer in the world will get even bigger next month. On September 11, POET will host a grand opening event for POET Biorefining – North Manchester, Indiana. The $105 million ethanol production facility will be the 24th POET production facility and will produce 65 million gallons of ethanol per year from more than 22 million bushels of …
VeraSun Boosts Earnings on Ethanol
One of the nation’s largest ethanol producers has announced a revenue increase of nearly 500 percent over last year. VeraSun Energy Corporation on Monday reported its financial results for the three months ending June 30, which increased revenues by 499% over the second quarter of 2007, to $1.015 billion, and generated earnings of $.15 per diluted share, driven by higher …
McCain Opposes Ethanol Subsidies in Iowa
Republican presidential candidate John McCain visited the Iowa State Fair Friday, shook a lot of hands, but probably didn’t make a lot of friends in corn country when he clearly stated his opposition to subsidizing ethanol production. “My friends, we will disagree on a specific issue and that’s healthy,” McCain said during a Des Moines Register forum address at the …
Southeast Bioenergy Conference
As ethanol industry leaders meet in the Midwest next week, biofuels will be the focus of another conference in Georgia at the same time. The third annual Southeast Bioenergy Conference will be held August 12th-14th at the UGA Tifton Campus Conference Center. Keynote speaker for the event is Ron Fagen, president and CEO of Fagen, Inc, one of the world’s …
POET Will Provide Cellulosic Update at Conference
An update on POET’s cellulosic ethanol Project Liberty is on the agenda for next week’s American Coalition for Ethanol conference in Omaha. Larry Ward, Vice President of Project Development for POET, will provide the update during the general session on Wednesday afternoon. Range Fuels and ICM will also update the session on their own cellulosic projects. Project LIBERTY, the transformation …