Archer Daniels Midland Co. reported adjusted earnings per share for the calendar year 2014 of $3.20, up 37 percent compared to the prior year. That was in spite of total revenues being down from the previous year at $81.2 billion.
On Jan. 30, Flint Hills Resources LLC announced that it has finalized the acquisition of an ethanol plant near Camilla, Georgia, from Southwest Georgia Ethanol LLC. The Camilla plant opened in 2008 and has an annual capacity of 120 million gallons.
Valero Energy Corp. showed strong earnings in its fourth quarter and year-end financial report. The oil refiner and ethanol producer showed adjusted net income of $952 million, or $1.83 per share in Q4.
Since launching the renewable fuels report in the Agriculture Marketing Resource Center in 2008, retired Iowa State University ag economist Don Hofstrand has followed the swings in ethanol profitability through a model Iowa-based ethanol plant.
Genera Energy Inc. recently celebrated 1,533 days, or four years, without an accident. Recent U.S. Bureau of Labor Statistics data show that Genera's core operations intersect three of the 10 most deadly occupations in the U.S.
A new version of an online tool created by the U.S. Department of Energy's Argonne National Laboratory will help biofuels developers gain a detailed understanding of water consumption of various types of feedstocks.
Iowa Gov. Terry Branstad has announced a new campaign to promote the renewable fuel standard (RFS) during the 2016 Iowa presidential caucuses. The multimillion dollar effort will aim to educate both candidates and caucus-goers on the RFS.
Gevo Inc. has announced several cost-saving initiatives aimed at improving its overall cash flow. The actions are expected to decrease the company's average monthly corporate-wide EBITDA burn rate by 40 percent this year.
Algenol and Reliance Industries Ltd. have successfully deployed India's first Algenol algae production platform. The demonstration module is located near the Reliance Jamnagar Refinery. Construction on the project was complete in November.
U.K-based Green Biologics Inc. has raised $76 million to support the acquisition and conversion of a Minnesota ethanol plant to produce n-butanol and acetone. The funding will also support continued development of the company's process technology.
BBI International has announced the agenda for the technical sessions of the 8th annual International Biomass Conference & Expo, North America's largest and fastest growing biomass conference, taking place April 20-22 in Minneapolis.
Novozymes has released 2014 financial results, reporting that sales growth was in line with expectations. During an investor call, Peder Holk Nielsen, president and CEO of Novozymes, said bioenergy was the strongest growth driver last year.
A new white paper written by Ron Alverson of the American Coalition for Ethanol reveals how scientists are applying technology innovations by farmers and ethanol facilities to improve the accuracy of carbon intensity modeling for biofuels.
Sens. Dianne Feinstein, D-Calif., and Pat Toomey, R-Pa., have attached an amendment that would eliminate corn ethanol from the renewable fuel standard (RFS) to the Keystone bill that is currently before the U.S. Senate.
Penford Corp. has released financial results for the first quarter of fiscal 2015, reporting its industrial ingredients division reported sequential improvements for the past five quarters in gross margin and operating income.
The U.S. EPA has released renewable identification number (RIN) generation data for December, reporting that more than 8.53 million cellulosic RINs were generated during the month, bringing the total for 2014 to 33.01 million.
The Surface Transportation Board is taking action to make its recently announced temporary weekly reporting requirements for Class I railroads permanent. On Jan. 6, the STB published a notice of proposed rulemaking in the Federal Register.
The U.S. Energy Information Administration has released the January issue of its Short-Term Energy Outlook, which includes its first short-term prediction of 2016 ethanol production levels.
Pacific Ethanol Inc. has announced an agreement with Dresser-Rand to install a 3.5 MW cogeneration system with gradual oxidizer at its Stockton, California, plant for approximately $12 million. The system is expected to be operational in 2016.
Gevo Inc. has issued an update of operations at its Luverne, Minnesota, plant, reporting that the facility produced more than 50,000 gallons of biobased isobutanol in December. The company also announced the transfer of its common stock listing.
Advanced biofuel capacity topped 800 million gallons in 2014, up from the previous year and almost double the capacity in 2011, according to the E2 Advance Biofuel Market Report 2014 released by Environmental Entrepreneurs (E2).
The sale of a 21 MMgy corn-ethanol plant closed on Dec. 23. Green Biologics Inc. plans to continue ethanol production until sometime in 2016, when it will transition to n-butanol and acetone.
Data recently released by the U.S. Energy Information Administration shows the U.S. ethanol industry started out the last month of the year with two record-setting weeks of production, with a new record set the week ending Dec. 12.
UNICA, the Brazilian sugarcane energy association, has announced ethanol production from the start of the current season through the end of November is up 3.54 percent when compared to last year. Exports, however, are down 55 percent.
The U.S. EPA has released renewable identification number (RIN) data for November, reporting that more than 1.38 billion RINs were generated during the month, including nearly 6 million cellulosic RINs.
Tom Bryan, president and editor in chief of Ethanol Producer Magazine, writes about the stories featured in the January issue of the magazine, which has a lab management theme.
Growth Energy has responded to a report released by the Bipartisan Policy Center that describes several options for reforming the renewable fuel standard (RFS), noting it pushes some of same tired talking points Big Oil has relied on for years.
The U.S. Grains Council recently led a delegation of industry leaders representing the USDA, Renewable Fuels Association, and Growth Energy to the Philippines to assess factors contributing to the large exports of U.S. ethanol to Southeast Asia.
The government of Finland announced Dec.17 that it granted $36.8 million to help build a cellulosic ethanol plant. A separate project to produce biogasoline, biodiesel and smaller amounts of other renewable products was also granted funding.
Nearly three years after construction was completed at a corn-ethanol plant in Dunafoldvar, Hungary, Pannonia Ethanol has signed a loan deal so it can expand its production capacity.
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