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RFA, RFF announce NEC scholarship opportunity

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By Renewable Fuels Association

November 06, 2014

Business 

The Renewable Fuels Association and the Renewable Fuels Foundation are partnering to offer interested students the opportunity to attend the 20th anniversary of the National Ethanol Conference in Grapevine, Texas, on Feb. 18-20.

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The ethanol group at The Andersons Inc. led the company's third quarter earnings report with record Q3 operating income of $21.3 million. Overall, the company's year-to-date earnings set a new record at $2.95 per diluted share.

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University, state, and industry officials came together on Oct. 22 to celebrate the announcement of the Integrated Bioprocessing Research Laboratory, a unique facility coming to the University of Illinois campus.

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DuPont recently released third quarter financial results, reporting a 20 percent increase in operating earnings per share. The company's Industrial Biosciences segment experienced a 4 percent increase in operating earnings for the quarter.

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After three years of working as partners in introducing the biotech yeast trademarked TransFerm to the ethanol market, Lallemand Inc. has purchased the yeast development business from Mascoma Corp.

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A public comment period on the Oregon Clean Fuels Program is set to end Nov. 7. The program, which is similar to California's Low Carbon Fuels Standard, requires a 10 percent reduction of greenhouse gases from transportation fuels by 2025.

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Archer Daniels Midland Co. reported good overall financial results for the third quarter, which ended Sept. 30, including significant improvements in corn processing. In fact, profit in this segment nearly doubled, reaching $356 million.

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A Renewable Fuels Association analysis of model year (MY) 2015 warranty statements and owner's manuals reveals that auto manufacturers explicitly approve the use of E15 in approximately two-thirds of new vehicles.

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Valero Energy Corp.'s ethanol segment reported a record third quarter operating income of $198 million, compared to $113 million recorded in the third quarter of 2013. The good segment results were the result of a 27 cent per gallon margin increase.

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In the months of September and October, three well-known leaders in the global renewable fuels and agricultural scene stepped down, making way for new faces in the top positions.

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The U.S. Energy Information Administration has published updated ethanol plant production capacity data. As of Jan. 1, 2014, the EIA reports the U.S. was home to 187 operating fuel ethanol plants with a combined 13.68 billion gallons of capacity.

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Solenis has received a U.S. patent for the use of chemical additives to improve the separation of corn oil in the ethanol production process. The company first filed a provisional U.S. patent in March 2011 and was issued the final patent Sept. 23.

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The growing movement to call out the U.S. EPA for its ethanol emissions testing procedures picked up support today as a new study from the Society of Automotive Engineers called the agency's approach flawed.

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Growth Energy sponsors FFA programs

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By Growth Energy

October 31, 2014

Growth Energy is pleased to announce a multi-year commitment and new partnership with the National FFA Organization to build on critical projects that prepare today's students to become tomorrow's leaders in American agriculture.

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On Oct. 29, Class I railroads filed their second weekly status reports with the Surface Transportation Board. According to the STB, the reports will promote industry-wide transparency, accountability and improvements in rail service.

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The Canadian Renewable Fuels Association has announced that W. Scott Thurlow has stepped down from his position as president and Andrea Kent, previously vice president of communications, has been appointed to the position.

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Pacific Ethanol Inc. has released third quarter financial results. During an investor call, Neil Koehler, president and CEO of Pacific Ethanol, noted 2014 is on pace to be a record year for the company.

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UNICA, the Brazilian sugarcane industry association, has released a new biweekly report. Since April, the report indicates ethanol sales have totaled 13.11 billion liters, with most of that production, 12.34 billion liters, sold domestically.

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Growth Energy and New Holland Agriculture officially announced Robert Baker of Sue City, Missouri, as the 2014 Growth Energy Individual Membership Sweepstakes winner.

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Novozymes recently released third quarter financial results, reporting a 9 percent organic sales growth for the quarter. During the first nine months of the year, sales grew organically by 8 percent.

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Green Plains Inc. has released financial results for the third quarter of 2014, reporting net income of $41.7 million, or $1.03 per diluted share, up from $9.4 million, or 28 cents per diluted share, during the same period of last year.

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Enerkem Inc. announced agreements with three Chinese companies in October. Under each agreement, Enerkem is expected to license its waste-to-biofuel technology. The final business structure and sites for each project have not been disclosed.

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Virgin Atlantic has announced that the U.K.'s largest bank, HSBC, is joining its exciting partnership with LanzaTech in preparation for a world-first flight using a ground-breaking low carbon fuel.

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ICM Inc. recently announced Patriot Renewable Fuels LLC has entered into a professional services agreement for ICM's patent-pending Fiber Separation Technology and ICM's patent-pending Generation 1.5 Grain Fiber to Cellulosic Ethanol Technology.

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On Oct. 23, BlueFire Renewables Inc. announced that it has received a letter of intent from the Export Import Bank of China to provide up to $270 million in debt financing for its proposed biorefinery project in Fulton, Mississippi.

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The U.S. EPA has published renewable identification number (RIN) data for September, reporting that both D3 cellulosic biofuel and D7 cellulosic diesel RINs were generated during the month.

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On Oct. 8, the Surface Transportation Board published a decision announcing new weekly data reporting requirements for Class I railroads in order to help mitigate issues with poor service and delays. The first reports were filed Oct. 22.

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The November issue of Ethanol Producer Magazine digs into maintenance and cleaning at ethanol facilities, writes Tom Bryan, president of BBI International and editor and chief of the magazine.

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CBiRC helps ISU researchers launch startup companies

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By Iowa State University

October 23, 2014

The Biobased Foundry, established by the National Science Foundation Engineering Research Center for Biorenewable Chemicals based at Iowa State University, is helping researchers launch startup companies.

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Ethanol production profits hit a wall in the past month, according to an analysis by University of Illinois economist Scott Irwin in a recent FarmDocDaily post.

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