CoBank: Ethanol industry delivers strong Q2 results
By Erin Voegele
July 18, 2023
The U.S. ethanol industry delivered strong second quarter results with steady production and above-average profitability, according to statements made by CoBank in its latest quarterly research report, released July 13.
The third ministerial meeting of the U.S.-India Strategic Clean Energy Partnership was held in New Delhi on July 18. Participants, in part, welcomed cooperation between the two countries related to biofuels, including sustainable aviation fuel (SAF).
HYCO1 Inc. has entered into a carbon dioxide supply agreement with Kansas Ethanol for the planned construction of a biogenic carbon dioxide utilization facility that will initially proudce synthetic bas lubricating oils and low-carbon jet fuel.
Aemetis Inc.'s carbon capture subsidiary has been awarded the first CO2 sequestration characterization well permit issued by the State of California. The well supports a project that aims to sequester CO2 produced at the proposed Riverbank facilitiy.
The potential demand for ethanol plant CO2 is growing, and a DOE research consortium exploring e-fuels could broaden an already promising spectrum of transformation prospects.
Vietnam has lowered Most-Favored-Nation tariff rates on ethanol from 15 percent to 10 percent, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network.
The Australian Renewable Energy Agency (ARENA) on July 3 opened a $30 million sustainable aviation fuels (SAF) funding initiative that aims to reduce emissions in the aviation sector by supporting the development of a domestic SAF industry.
The USDA is making $21.25 million in technical assistance grants available through the REAP to help agricultural producers and rural small businesses access federal funds for renewable energy and energy efficiency improvements.
Throughout the ethanol industry, multi-plant executive management is an approach that leads to unique opportunities for networking and growth for the plants involved. In recent years, multi-plant executive management has been on the rise. The boards of some ethanol plants are consolidating their resources by sharing a CEO between multiple plants—even those not owned by the same company—or hiring a CFO on a temporary basis. Ethanol Producer Magazine recently spoke with industry executives who manage two or more plants to shed light on why multi-plant executive management happens, as well as the benefits and challenges of this strategy.
The U.S. EPA on July 14 denied 26 petitions filed by small refineries seeking small refinery exemptions (SREs) from their RFS blending obligations for one or more of the compliance years between 2016 and 2023. Only two SRE petitions remain pending.
Two decades after opening—helping the ethanol industry advance as it experienced 12-fold growth—the Southern Illinois research facility is not only proving why it's worth celebrating, but how it can impact the future of biorefining.
Legislation introduced on July 11 aims to make it easier for obligated parties to comply with their RFS RVOs by directing the U.S. EPA to create a conventional biofuel waiver credit program and setting a price limit on those credits.
Green Plains Inc. has announced a technology collaboration with Equilon Enterprises LLC (Shell) under which Fluid Quip Technologies’ precision separation and processing technology (MSC) can be used with Shell Fiber Conversion Technology.
The U.S. Department of Energy, U.S. Department of the Treasury, and the Internal Revenue Service have announced $4 billion in tax credits for projects that expand clean energy, critical materials manufacturing, or recycling.
After revamping its process and management team, Blue Biofuels believes it is primed for big cellulosic ethanol achievements at commercial scale.
SAF Magazine and the Commercial Aviation Alternative Fuels Initiative (CAAFI) announced the preliminary agenda for the North American SAF Conference & Expo taking place Aug. 29-30 at the Minneapolis Convention Center in Minneapolis, Minnesota.
U.S. fuel ethanol production fell by nearly 3 percent the week ending July 7, according to data released by the U.S. EIA on July 12. Weekly ending stocks of fuel ethanol were up 2 percent while exports were down 36 percent.
The USDA maintained its forecast for 2023-’24 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released July 12. The agency, however, reduced its estimate for 2022-’23 corn use in ethanol.
A power generator demo unit genset, relying on a first-ever use of FuelAdaptive engine technologies patented by innovation company, ClearFlame Engine Technologies, has successfully progressed through phase one trials.
The USDA will invest $300 million through President Biden’s Investing in America agenda to improve measurement, monitoring, reporting and verification of GHG emissions and carbon sequestration in climate-smart agriculture and forestry.
The U.S. Energy Information Administration boosted its forecasts for 2023 and 2024 fuel ethanol production in its latest Short-Term Energy Outlook, released July 11. The forecasts for ethanol blending were maintained.
California Ethanol + Power has announced that Life Cycle Associates has joined its team for Sugar Valley Energy. Life Cycle Associates is partnering with CE+P to define the expected carbon intensity pathway for the sugarcane ethanol product.
Blue Biofuels Inc. announced on July 11 it has been awarded a U.S. Department of Energy Small Business Innovation Research Phase 1 grant. The $206,500 grant will support efforts to scale and optimize the company's cellulose-to-sugar process.
European ethanol producer CropEnergies AG has announced ethanol production and earnings were both down during the fiscal first quarter of 2023-’24. The company attributed the declines to maintenance shutdowns and normalized ethanol prices.
State-owned Indonesian energy company Pertamina is launching a new gasoline product containing 5 percent ethanol this summer, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network.
The RFA announced on July 7 that Rondo Energy has joined the association as its newest associate member. Rondo Energy is a leading provider of zero-carbon industrial heat, making industrial decarbonization possible and profitable today.
The U.S. exported 113.19 million gallons of ethanol and 958,386 metric tons of distillers grains in May, according to data released by the USDA FAS on July 6. Ethanol exports were down, while distillers grains exports were up.
UNICA, the Brazilian sugarcane industry association, has released data showing sugarcane processing was up during the first half of June. Ethanol production and sales were also up during the two-week period.
In a letter submitted July 7, Growth Energy urged the U.S. Internal Revenue Service to include the U.S. ethanol industry in its effort to reach the Biden administration’s goals for the expanded use of sustainable aviation fuel (SAF).
U.S. fuel ethanol production was up 1 percent the week ending June 30, according to data released by the U.S. Energy Information Administration on July 6. Ethanol stocks were down 3 percent and exports were down 23 percent.
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