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Raizen reports increased net revenue in quarterly report

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By Erin Krueger

February 24, 2015

Feedstocks Business Operations Markets 

Brazil-based Raozen has released financial results for the third quarter of fiscal year 2015, reporting net revenue of R$16.98 billion ($5.9 billion), up from R$14.88 billion during the same period of the prior year.

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Abengoa's biofuels segment experienced the best year in its history in 2014 due, in part, to high margins and increased ethanol production and sales, company CEO Manuel Sanchez Ortega reported during the company's 2014 fiscal year financial results.

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The U.S. EPA has published renewable identification number (RIN) generation data for January, reporting that nearly 1.38 billion RINs were generated during the month, including more than 4.07 million D3 cellulosic biofuel RINs.

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The Surface Transportation Board has announced the Rail Energy Transportation Advisory Committee will hold a meeting March 5 in Washington, D.C. The meeting is open to the public. Written comments can be submitted at any time.

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Export numbers from the Wisconsin Department of Trade, Agriculture and Consumer Protection show an 18 percent increase in ethanol exports from Wisconsin, totaling an export value of over $250 million.

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At this year's National Ethanol Conference, the Renewable Fuels Association released a new ABF Economics study titled "Contribution of the Ethanol Industry to the Economy of the United States in 2014."

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The National Renewable Energy Laboratory has released its 2013 Renewable Energy Data Book, which features statistics on U.S. and global renewable energy generation, renewable energy development, clean energy investments, and technology-specific data.

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The first monthly survey of industrial grain crush and coproducts was released Feb. 19 by the USDA National Agricultural Statistics Survey, showing corn and sorghum consumption data for fuel ethanol, beverage alcohol and other uses.

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In 2014, the U.S. ethanol industry had its most profitable year in history, Bob Dinneen, president and CEO of the Renewable Fuels Association, said Feb. 19. "Critics may be legion but we will prevail," he said. "We are here to stay."

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The March issue of Ethanol Producer Magazine contains stories about corn, America's principal fuel ethanol feedstock, and market signals for growing the sorghum supply, writes Tom Bryan, president and editor in chief of EPM.

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Growth Energy has filed comments with the California Air Resources Board outlining its opposition to CARB's proposed amendments to the Low Carbon Fuel Standard and a proposed regulation on the commercialization of alternative diesel fuels.

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UAI, EFC urge recognition of ethanol as a way to reduce carbon

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By The Energy Future Coalition, Urban Air Initiative

February 18, 2015

The California Air Resources Board was urged to enhance its efforts to require low carbon fuels by supporting the increased use of clean burning ethanol as a means of displacing aromatics in gasoline to reduce carbon and protect public health.

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Lincolnway Energy LLC announced its unaudited financial results for the three months ended Dec. 31, reporting net income of $1.7 million, or $41.00 per unit, compared to a net loss of $300,000, or $6.39 per unit, for the same period of 2013.

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Bunge has released fourth quarter and 2014 financial results, reporting improved quarterly performance for its sugarcane milling and biofuels segment. The segment reported an adjusted EBIT $9 million loss, an improvement over the same period of 2013.

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Proving greenhouse gas reduction to the U.S. EPA now boils down to four numbers.

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Sustainable energy production has entered a new era in California as a consortium of American companies recently joined together with state energy officials to launch the Calgren Ethanol Biodigester, which utilizes waste from dairy farms.

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Southwest Iowa Renewable Energy LLC has announced unaudited financial results for the first quarter of fiscal 2015, reporting net income of $9.8 million or $737.45 per unit for the three months ended Dec. 31.

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Golden Grain Energy LLC has reached a new milestone, with 1 billion gallons of ethanol produced. The 120 MMgy plant, located in Mason City, Iowa, broke ground in 2003. Members of the ethanol industry have spoken out to applaud the achievement.

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Bio-Process Innovation Inc. has announced the completion of the construction of its 1-ton pilot plant and successful operation of its low temperature steep delignification (LTSD) pretreatment process at its facility in Otterbein, Indiana.

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The Andersons Inc. reported record earnings in 2014 with the ethanol group delivering full-year operating income of $92.3 million, far exceeding its prior best year of $40.6 million. The company also achieved record ethanol production and yields.

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The U.S. Energy Information Administration has published the February issue of its Short-Term Energy Outlook, reporting ethanol production is expected to average 938,000 barrels per day this year, increasing to 936,000 barrels per day next year.

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Valicor Inc. has announced that it has completed the acquisition of a patent that covers the extraction of protein from corn ethanol stillage and is designed to help ethanol producers maximize their coproduct recovery and value.

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Ten more corn ethanol plants were approved through the U.S. EPA's efficient producer petition process (EP3) at the end of January, bringing the total to 19. The first round of nine approvals were announced in December.

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USDA put a number to a projected increase in ethanol use in its Feb. 10, supply/demand report. Based on the higher forecasts for 2015 gasoline consumption, the USDA raised expected corn use for ethanol production by 75 million bushels.

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Blume Distillation LLC just doubled its Series B capitalization with a $1 million capital infusion from cleantech seed and venture capital fund Climate Change Investigation, Innovation and Investment Co.

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ICM Inc. has announced that Kansas Ethanol LLC, of Lyons, Kansas, has signed an agreement for purchase, license to operate, and full-scale installation of ICM's patent-pending Fiber Separation Technology.

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European-based CropEnergies AG has announced revenues of EUR 626 million ($710.42 million) for the first nine months of fiscal year 2014/2015, up 9.4 percent from EUR 573 million in revenue reported for the same period of the prior year.

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U.S. ethanol exports hit 836 million gallons in 2014, 6 percent of the total 14.3 billion gallons produced nationwide. According to the Renewable Fuels Association, the 2014 export volume is second only to the 1.19 billion gallons exported in 2011.

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In 2014, Green Plains Inc. produced a record 966 million gallons of ethanol, processed 10 million tons of corn and earned more than $100 million in non-ethanol operating income, and is close to meeting its goal of having zero net term debt.

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Murphy USA Inc. has released 2014 financial results, reporting the compan''s ethanol plant in Hereford, Texas, achieved record annual income of $20.1 million last year, up from $2.9 million in 2013.

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