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CME Group announces first trade of ethanol RINs futures

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By Erin Krueger

May 20, 2013

Business 

CME Group, the world's leading and most diverse derivatives marketplace, has announced the first ethanol renewable identification number (RINs) futures contract was cleared over CME ClearPort. This trade was brokered by StarFuels Inc.

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Ag Processing Inc., a cooperative, has announced that it has permanently shut down operations of its corn processing plant at Hastings, Neb. The plant had been on an extended shutdown since February 1, 2013 amid challenging economic conditions.

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Two University of Illinois scientists have developed an environmentally friendly and more economical way of pretreating miscanthus in the biofuel production process. The technique uses butadiene sulfone, which can be recovered.

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The Renewable Fuels Association and Growth Energy on May 16 filed a complaint with the General Court in Luxembourg challenging the European Union's decision to impose a 9.6 percent anti-dumping duty on all ethanol imported from the United States.

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The U.S. Grains Council, along with the National Corn Growers Association, MAIZAR, representing Argentina producers and the maize supply chain and ABRAMILHO (Brazilian Association of Corn Producers) have formed an alliance.

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Financing is now complete on GranBio's 22 MMgy cellulosic plant in Brazil using BetaRenewables conversion technology. Vonnie Estes appointed managing director of new U.S. office.

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Months after receiving the first cellulosic renewable identification numbers for a shipment of cellulosic ethanol to its Brazil partner Petrobras, Western Biomass Energy LLC filed for bankruptcy and is now up for sale with bidding closing May 20.

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RFA, Growth Energy file complaint in EU court to end ethanol duty

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By Renewable Fuels Association, Growth Energy

May 16, 2013

The Renewable Fuels Association and Growth Energy have filed a complaint with the General Court in Luxembourg challenging the European Union's (EU) decision to impose a 9.6 percent antidumping duty on all ethanol imported from the United States.

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Iowa State University is about halfway through a three-month long online survey of livestock producers' use of distillers grains. The nationwide survey is focused on the beef, dairy, swine and poultry sectors.

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Reps. Pete Olson, R-Texas, and Jim Costa, D-Calif., have introduced legislation that would allow ethanol produced from domestic natural gas to meet the volume requirements of the renewable fuel standard (RFS).

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The House Committee on Agriculture has approved its version of the Farm Bill, H.R. 1947, by a vote of 36 to 10. The bill, titled the Federal Agricultural and Reform and Risk Management Act, includes nearly $40 billion in spending cuts.

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The Senate has unanimously confirmed Ernest Moniz as the Secretary of Energy by a vote of 96 to 0. Moniz was nominated by President Obama in March. He will replace former Secretary of Energy Steven Chu, who announced his resignation on Feb. 1.

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Eat This!

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By Bob Dinneen

May 15, 2013

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Ethanol Report

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Business Briefs

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By Ethanol Producer Magazine Staff

May 15, 2013

People, Partnerships & Deals

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The European Commission can confirm that on May 14, 2013, commission officials carried out unannounced inspections at the premises of several companies active in and providing services to the crude oil, refined oil products and biofuels sectors.

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The USDA Rural Business-Cooperative Service has extended the deadline to apply for fiscal year 2013 Rural Energy for America Program funding through May 31. The extension was made due to increased funding made available through recent legislation.

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Has the supply boom come to an end?

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By Casey Whelan

May 15, 2013

Natural Gas Report

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Corn Report

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DDGS Report

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ACE's Lamberty joins ASTM Technical Committee D02

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By American Coalition for Ethanol

May 15, 2013

The American Coalition for Ethanol has joined the ASTM (Formerly American Society for Testing and Materials) Technical Committee D02 on Petroleum Products and Lubricants, represented by ACE Senior Vice President Ron Lamberty.

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The latest salary survey includes data on everything from total plant payroll, previous job experience of employees, the most important factors in job satisfaction and more.

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Employees are the No.1 asset of Big River Resources LLC and Deb Green is tasked with seeing to it they are well-trained, safe and happy.

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Attracting and retaining a team of dedicated and motivated employees is integral to company success.

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