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Gevo announces strategic review, reduces staff at Luverne plant

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By Erin Krueger

November 07, 2017

Business Coproducts 

Gevo Inc. has released third quarter financial results, reporting that the company's management and board of directors are reviewing its strategic and financial operations. Gevo also said it reduced staff at its Luverne, Minnesota, plant in October.

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Green Plains Inc. has released third quarter financial results, reporting net income of $34.4 million, or 74 cents per diluted share, up from $7.9 million, or 20 cents per diluted share, for the same period of last year.

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The U.S. Grains Council is adding a new strategic director in Asia and assistant director in Southeast Asia as part of a global resource expansion meant to capture near-term demand for feed grain sales and build long-term demand for ethanol.

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In October, the USDA Economic Research Service published a report on global ethanol mandates that outlines the opportunities for exports of U.S. ethanol and distillers dried grains with solubles (DDGS).

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A short hour north of the Montana border, the U.S. Grains Council is exploring the geographic advantage of unit trains carrying U.S. corn and distillers dried grains with solubles (DDGS) to Canadian feedlots around Lethbridge, Alberta.

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The U.S. Department of Energy has announced an open meeting of the Biomass Research and Development Technical Advisory Committee on Nov. 15-16 in Washington, D.C.

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Archer Daniels Midland Co. released third quarter financial results on Oct. 31, reporting increased earnings for the Bioproducts segment due to better ethanol margins. Overall, the company reported adjusted segment operating profit fell 17 percent.

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BIO asks for reauthorization of Section 9003 program in Farm Bill

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By Biotechnology Innovation Organization

October 25, 2017

The Biotechnology Innovation Organization and 66 renewable chemical producers recently asked the House and Senate Committees on Agriculture to reauthorize the Farm Bill's Biorefinery, Renewable Chemical, and Biobased Manufacturing Assistance Program.

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Sen. Debbie Stabenow, D-Mich., recently introduced legislation that aims to establish a short-term tax credit to support the production of renewable chemicals or investments in renewable chemical production facilities.

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Novomer Inc. has announced plans to open a new innovation center in Rochester, New York. The facility—named the Novomer Innovation Center—is designed to meet the expanding demands of the company's growing biobased chemicals business.

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European ethanol producer CropEnergies AG has announced a significant increase in revenues and earnings during the first half of its 2017-'18 financial year. The increase is attributed to higher production volumes of ethanol, food and animal feed.

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U.S. EPA Administrator Scott Pruitt has said the agency is expected to set final 2018 Renewable Fuel Standard blending obligations at or above proposed levels. He also indicated EPA will issue a final rule maintaining the current point of obligation.

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Summit enlivens discussions of global ethanol use

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By U.S. Grains Council, Growth Energy, the Renewable Fuels Association and the Iowa Corn Promotion Board

October 19, 2017

Industry and government officials from more than 15 countries in the Western Hemisphere are meeting this week at the Ethanol Summit of the Americas to discuss current and future opportunities for ethanol in the region.

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Aemetis Inc. has announced that its Aemetis Advanced Products Keyes subsidiary signed a 55 year lease at a former U.S. Army munitions facility located in Riverbank, California, for the construction of a cellulosic ethanol biorefinery.

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Those who wish to weigh in on the U.S. EPA's recent notice of data availability (NODA) that proposes reductions in 2018 and 2019 Renewable Fuel Standard renewable volume obligations (RVOs) must submit comments by 11:59 p.m. ET Oct. 19.

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Iowa Gov. Kim Reynolds and senators representing several Midwestern states are continuing to push President Donald Trump and U.S. EPA Administrator Scott Pruitt to abandon proposed cuts to Renewable Fuel Standard volume requirements.

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Agricultural economists at the University of Wyoming will generate models of what economies in the Upper Missouri River Basin might look like if raising biofuels and carbon capture technologies were implemented.

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The USDA National Agricultural Statistics Service recently released the October edition of its Grain Crushings and Co-Products Production report, which shows corn use for fuel ethanol was up in July.

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On Oct. 9, Gevo Inc. announced two collaborations with the U.S. Department of Energy's national labs. One collaboration aims develop missile fuel while the other aims to optimize Gevo's ethanol-to-olefins catalyst performance.

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Competitive landscape, innovative technologies and emerging energy policy were hot topics as a diverse group of nearly 150 thought leaders, industry representatives, researchers and suppliers convened at the Energy Conference in Iowa Sept. 11-13.

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Researchers at Michigan State University will use a $1.1 million U.S. Department of Energy grant to fight disease in switchgrass by identifying regions of the genome that cause disease resistance.

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Gevo Inc. recently announced that it expects to supply its renewable alcohol-to-jet fuel (ATJ) to the Virgin Australia Group. The Virgin Australia Group will be responsible for coordinating the purchase, supply and blending of the ATJ .

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Canada is a top trading partner for U.S. feed grains and coproducts like ethanol and distillers dried grains with solubles (DDGS) thanks to geography and strong trade policy, according to the U.S. Grains Council.

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On Sept. 28, the U.S. Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on the 2018 Farm Bill focused on rural development and energy programs. The committee has now held nine hearings this year focused on Farm Bill development.

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The U.S. Grains Council has announced Turkey is the second largest buyer of U.S. distillers dried grains with solubles (DDGS) in the 2016-“17 marketing year with 1.29 million metric tons of imports, nearly double the total from last marketing year.

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Occidental Petroleum Corp. injects about 1 billion cubic feet per day of carbon dioxide into oil reservoirs for enhanced oil recovery (EOR). That CO2 currently comes mostly from natural sources, but could come from ethanol plants in the future.

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The U.S. Department of Agriculture's National Institute of Food and Agriculture recently announced six grants totaling nearly $21.1 million to support the development of new jet fuel, biobased products and biomaterials from renewable sources.

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Geoff Cooper, senior vice president of the Renewable Fuels Association discussed market trends and their effects on biofuels policies at the Biofuels Financial Conference Sept. 27 in Minneapolis, noting its tough to predict the future.

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New Zealand's got milk—record amounts of milk production—and the country's dairy industry is feeding triple the amount of U.S. distillers dried grains with solubles (DDGS) year-over-year.

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Trestle Energy LLC has announced that two new studies show that generating energy from corn stover can fuel a billion-dollar business opportunity for the farm economy by replacing coal in power plants.

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