Getting to Know 25x’25

Cindy Zimmerman

25x25 logo The alliance known as 25X’25 is gaining more visibility with its goal to have 25 percent of the nation’s energy supply come from renewable resources by the year 2025. Major organizations, congressional leaders and companies are backing the coalition and the momentum is growing.

At the Ag Media Summit in Portland this week, Chuck sat down with Mike Bowman, one of the 25x’25 Steering Committee members, and talked about their goals and how they hope to attain them.
Listen to Chuck’s interview here Listen to MP3 25×25 Interview (8 min MP3)

Audio, Energy

Ethanol Prices Stabilizing

Cindy Zimmerman

All the complaining about high ethanol prices may soon come to an end. Reports are that ethanol prices appear to be leveling out and should start falling. An article in the Waterloo Cedar Falls Courier today quotes Tami Foster, an energy data analyst with the Iowa Department of Natural Resources.

Foster said high ethanol demand on the east and west coasts has stabilized. At the same time more ethanol production capacity is coming on line in Iowa and elsewhere.

That means several months of rising ethanol prices may be at an end, Foster said. And she predicts in a week or so ethanol’s price at the pump will fall back below regular unleaded.

Miscellaneous

Team Ethanol at the Milwaukee Mile

Cindy Zimmerman

Indy Car Series Rahal Letterman Racing Team Ethanol car driver Jeff Simmons finished in the top ten again Sunday at the Milwaukee Mile, starting in his highest pole position at sixth and finishing ninth.

Simmons commented, “The Team Ethanol crew did a great job preparing the car this weekend. We had over best qualifying run of the year and we scored our third straight top ten despite the pit problem. I think we are working well together as a team and I feel will continue the improvement.”

Meanwhile, RLR team member Danica Patrick finished fourth in the race, amid rumors that she will bolt at the end of this season and join another team. Tony Kanaan won the race.

EPIC, Ethanol, Indy Racing

Maryland’s Commitment to Domestic Fuel

Cindy Zimmerman

Maryland The state of Maryland is not towing the “Old Line” when it comes to new fuels.

Last week, the first E85 station opened in Baltimore – although it’s only for state vehicles and non-profits, according to an article in the Examiner. State officials want motorists to start thinking about using alternative fuels, said Michael Li, chief of staff at the Maryland Energy Administration.

Last month, the first biodiesel plant opened in Berlin, MD, operated by Maryland Biodiesel and earlier this month Maryland Governor Robert L. Ehrlich, Jr., outlined his plans to increase Maryland’s access to renewable energy sources and decrease its reliance on fossil fuels and natural gas.

The plan “will boost Maryland’s use of biofuels and biomass, such as animal manure and underutilized wood resources, and provide incentives for the use of renewable electricity, including solar and wind resources.”

Biodiesel, Energy, Ethanol, Government

Diversified in the Heart of Ethanol Country

Cindy Zimmerman

Diversified Diversified Ethanol is establishing corporate headquarters in the “heart of ethanol country: Iowa,” according to a Business Wire release.

“We needed to be right in the middle of the Midwest ethanol plants. As we work on ethanol mergers and acquisitions, it is a significant advantage to be established within the ethanol community. Being in Iowa, it will give us first hand knowledge and information about the key players and producers within the industry. Therefore we can prepare for future trends in the ethanol industry, even before the crop reports come out. The company anticipates this strategy will enhance the company’s competitiveness within the market,” stated Taylor Moffitt, CEO.

Diversified Ethanol is a division of Chicago-based of James Monroe Capital Corporation.

Ethanol

Red Birds Make Flight Plans

Cindy Zimmerman

Cardinal Indiana-based Cardinal Ethanol has a 24-member board of directors in place and is holding public equity-drive meetings to secure the funds needed to finance an ethanol plant in Randolph County. The natural gas-fired plant is anticipated to produce 100 million gallons of ethanol per year, using 36 million bushels of corn. A total of 49 meetings are planned – if needed – to raise up to $82 million of the $150 million estimated cost of the project. Meeting dates and times at locations around Indiana and Ohio can be found on the website, as well as a prospectus and IPO information.

Ethanol

Nebraska Groundbreaking

Cindy Zimmerman

Midwest Ethanol The governor of Nebraska and representatives from the Renewable Fuels Association and the Ethanol Promotion and Information Council will be in “the Irish capital of Nebraska” this Friday for the groundbreaking of Holt County Ethanol, a subsidiary of Midwest Ethanol Producers. O'Neill

The O’Neill plant will produce more than 100 million gallons of ethanol each year, along with 350,000 tons of dry distillers grain and will consume more than 37 million bushels of corn annually.

Midwest Ethanol has another plant in Holdrege, NE and is planning to build two other plants in the state at sites yet to be announced.

EPIC, Ethanol

Austin City Biodiesel

Cindy Zimmerman

Austin Biofuels Austin, Texas now holds the distinction of being the number one city in the nation for retail biodiesel. According to the National Biodiesel Board, 19 Shell stations in the Austin area recently opened pumps that carry a blend of 20 percent biodiesel and 80 percent diesel (B20).

Austin Biofuels, a biodiesel distributor and marketer, teamed up with Triple S Petroleum, a local petroleum distributor, to bring B20 to the Shell-branded “Signature Austin” convenience stores.

“It’s an exciting time in Austin,” said Jeff Plowman, president of Austin Biofuels. “As the city is pushing to become the Clean Energy Capital of the World, being a part of the clean energy growth is very fulfilling.”

Biodiesel

It’s What Michigan Wants

Cindy Zimmerman

Meijer Michigan-based retailer Meijer opened its first E85 ethanol fueling station this week in Warren, MI. According to a company release, the pump is one of 20 which will be installed at Meijer gas stations across the state before the end of this year.

In April, Meijer, General Motors, CleanFUEL USA and the State of Michigan announced a collaborative partnership to increase awareness and use of the ethanol based fuel. As part of the partnership, local GM dealers will help promote the new refueling stations when customers purchase its FlexFuel vehicles.

“Michigan is home to one of the largest concentrations of GM’s E85 flexible fuel vehicles in the country, with more than 140,000 in use — many by GM company vehicle drivers working right here at the GM Technical Center,” said Elizabeth Lowery, GM Vice President of Environment and Energy.

Meijer operates more than 175 stores in Michigan, Ohio, Indiana, Illinois and Kentucky

Car Makers, Ethanol, Flex Fuel Vehicles

MU Economists Study Ethanol Impact

Cindy Zimmerman

Fapri Demand for ethanol is shifting Midwest acreage away from soybeans and into corn, according to a University of Missouri agricultural economist.

“Ethanol has major implications for corn acreage,” Pat Westhoff with the MU Food and Agricultural Policy Research Institute said in an MU press release. New FAPRI projections indicate fewer acres planted to soybeans and wheat as more acres are planted to corn to meet ethanol demand.

“Ethanol production has doubled in the last four years and is projected to double again over the next four years,” Westhoff told the annual Breimyer Seminar on the MU campus this week. The theme of the agricultural policy discussion was “BioFuels: An Agricultural Revolution?”

Westhoff’s power point presentation can be viewed on the FAPRI website.

Ethanol