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Rex American considers purchasing, building new ethanol plants

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By Erin Krueger

August 28, 2014

Business Operations 

Rex American Resources Corp. has released financial results for the second quarter, with the company's CEO and Chairman Stuart Rose reporting the period was Rex American's best quarter in terms of earnings per share.

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The Department of Commerce's International Trade Administration has amended a recent announcement that it is accepting nominations for its renewable energy and energy efficiency advisory committee. The deadline is now set for Aug. 29.

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CHS Inc.has announced a new program to better enable some of the 1,400 Cenex branded locations to meet consumer demand for E15. The Cenex Tank Program will cover a significant portion of the cost to purchase and install E15 storage tanks.

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On Aug. 26, Valero Renewable Fuels Co. LLC, a wholly owned subsidiary of Valero Energy Corp., and the Ports of Indiana hosted an event to commemorate the restart of a 110 MMgy ethanol plant located in Mount Vernon, Indiana.

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Geringhoff will participate in Poet-DSM's Project Liberty trials, starting with an open house and tours at Poet's facilities in Emmetsburg, Iowa, on Sept. 3. Trials are being performed with the Geringhoff Horizon Elite XL Stover Collection corn head.

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Genera Energy recently released a new infographic featuring a visual overview of biomass feedstock and guidelines for choosing the best solution for every biomass project. The four-page infographic highlights key supply chain elements.

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American Science and Technology Corp. has selected Baisch Engineering to scale up its Wausau, Wisconsin-based pilot plant from its current production capacity of 200 pounds of lignocellulosic biomass per day to 2 tons per day.

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In the last couple of weeks I've covered some undeniably good news stories. I have to say, those kinds of stories are a lot more fun to write than stories about bankruptcies, idled plants and tight margins.

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Surface Transportation Board recently announced it will require both Canadian Pacific Railway and Burlington Northern Santa Fe Railroad to provide new information on their respective weekly grain order reports.

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The Federal Railroad Administration has announced two grants totaling $350,000 to support the development of a Short Line Safety Institute. According to the FRA, the institute will help mitigate risk associated with shipping hazardous materials.

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Willem-Alexander, King of the Netherlands, has announced that he will attend the Grand Opening of Poet-DSM Advanced Biofuels' Project Liberty cellulosic ethanol plant in Emmetsburg, Iowa on Wednesday, Sept. 3.

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Aventine Renewable Energy recently held a ribbon cutting celebration Aug. 15 to mark the completion of a project to replace three aging coal boilers with two new natural gas boilers at its Pekin, Illinois, ethanol production complex.

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Getting Back to Basics

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By Mike Bryan

August 20, 2014

It's important to remind ourselves that ethanol is about revitalizing small towns and farms in rural America, writes Mike Bryan. A 50 MMgy ethanol plant will generate nearly $200 million in yearly revenue in DDGS and ethanol sales alone.

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Ethanol Producer Magazine's September issue, which has a project finance theme, features stories about shareholder liquidity, lenders and a North Dakota project to build a corn-ethanol plant largely financed by foreign investors, writes Tom Bryan.

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St1 Biofuels to develop cellulosic ethanol plant in Finland

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By North European Bio Tech Oy

August 20, 2014

North European Bio Tech Oy has made an investment decision concerning the construction of a bioethanol plant on the Renforsin Ranta industrial estate in Kajaani, Finland. The raw material for the plant will be sawdust from local sources.

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Brazil-based Cosan recently released financial results for the second quarter, reporting a 16 percent increase in EBITDA for its Raizen Energia business unit, which comprises its sugar, ethanol and cogeneration operations.

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Abengoa's biofuels and bioenergy business saw a strong second quarter in the Americas, Abengoa CEO Manuel Sanchez Ortega said during the company's first half of 2014 earnings call on Aug. 12.

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Evan Ludowese, a summer intern for the Renewable Fuels Association, reflects with excitement on his experiences working at RFA's St. Louis office.

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Aemetis Inc. has released second quarter financial results, reporting revenue of $57.2 million, a 21 percent increase over the same quarter of 2013. The company also outlined future improvement plans in a recent business update conference call.

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Dyadic International Inc. has released financial results for the second quarter of 2014, reporting a an increase in net product-related revenue. Dyadic has also filed a registration statement with the U.S. Securities and Exchange Commission.

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Ethanol safety seminar planned for Massachusetts

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By Renewable Fuels Association

August 18, 2014

The Renewable Fuels Association and Fore River Transportation Corp. will co-host a free Ethanol Safety Seminar on Aug. 26-27 in the auditorium of South Middle School in Westfield, Massachusetts.

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Calgren Renewable Fuels, Aemetis Inc. and Pacific Ethanol Inc. each received a $3 million matching grant from the California Energy Commission's Alternative and Renewable Fuel and Vehicle Technology Program to support sorghum feedstock development.

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The industry's principal lenders helped give rise to today's fleet of ethanol plants. Will they help producers with the next stage?

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The U.S. Energy Information Administration has released the August issue of its Short-Term Energy Outlook, reporting that ethanol production has averaged approximately 940,000 barrels per day over the past three months.

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Green Plains Inc.'s board of directors has approved a share repurchase program of up to $100 million of the company's shares of common stock effective immediately, and has declared a quarterly cash dividend of 8 cents per share on its common stock.

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Novozymes has released financial results for the first half of the year, reporting that sales growth was in line with expectations. Organically, sales grew by 8 percent. EBIT grew by 19 percent and EBIT margin reached 28.1 percent.

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Spirit of Innovation Alive and Well

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By Brian Jennings

August 14, 2014

Brian Jennings celebrates the success of Quad County Corn Processors, which unveiled a technology for converting corn fiber into cellulosic ethanol. The ethanol plants' engineer is part of ACE's "power by people" campaign.

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Study shows ethanol impact on retail ag service sales

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By North Dakota Farmers Union

August 14, 2014

Ethanol production in North Dakota generates significant income for retail agricultural service and supply dealers, roughly $700 million a year, according to a study recently released by North Dakota State University.

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Gevo inc. has released second quarter financial results, reporting revenues of $7.7 million, up from $1.9 million during the same period of 2013. The company attributes the increase to the production and sale of ethanol and distillers grains.

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Poet-DSM has planned a Sept. 3 grand opening celebration at the Project Liberty cellulosic ethanol plant in Emmetsberg, Iowa. It's a milestone many have been waiting for eagerly.

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