In Vietnam, Reuters reports that in a major win for US ethanol industry, the Asian country has decided to mandate 10% ethanol blended fuel at the pump. The move is an effort to close it’s significant trade gap with the US, which could lead to 800,000 cubic meters of ethanol imports to supply what its […]
In India, ChiniMani reports TruAlt Bioenergy has signed an agreement with Sumitomo to create a joint venture that will develop four state-of-the-art Compressed Biogas (CBG) plants in Karnataka and Maharashtra but will later on also collaborate on ethanol and Sustainable Aviation Fuel production. The agreement was signed in the presence of Hon’ble Prime Minister of […]
In South Dakota, World Grain reported that Poet, a global biofuels producer, has agreed to acquire the Green Plains Inc.’s Obion, Tennessee, US, ethanol plant for $190 million in cash, including an estimated $20 million in working capital. The Green Plains Obion facility was commissioned in 2008. It has an annual production capacity of 120 […]
In Nebraska, Green Plains Inc. has entered into an asset purchase agreement with POET to sell its Rives, Tennessee based ethanol plant for $190 million in cash, inclusive of an estimated $20 million of working capital, to be adjusted at closing. Proceeds from the sale will be utilized to retire the junior mezzanine debt due […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol stocks have shrunk to their lowest level since January at 22.549 million barrels thanks to a last boost to the summer driving season while production held steady at 1.07 million barrels per day. Exports slipped 52,000 bpd on the week prior to 121,000 […]
In Washington, the Wall Street Journal reports Energy Information Administration data shows ethanol production fell by 20,000 barrels per day last week, but ethanol stocks still grew by 400,000 barrels to 22.69 million barrels, recovering from an eight-month low. Both stocks and production levels landed within the range expected by analysts surveyed by Dow Jones. […]
In Japan, Sumitomo Chemical has established a pilot facility in the Sodegaura area of the Chiba Plant and started operation of a new process that directly manufactures propylene from ethanol. This process is supported by NEDO’s Green Innovation (GI) Fund project as a technology that can greatly contribute to the conversion of raw materials into […]
In Washington, Brazil’s punitive ethanol tariff regime and restrictive regulations demonstrate that the country is clearly not committed to fair and reciprocal trade in ethanol, the Renewable Fuels Association said in comments sent Monday evening to the U.S. Trade Representative, which is investigating Brazil’s trade practices. As a result of Brazil’s volatile application of tariff […]
In Brazil, Terra reports Cargill Bioenergia will build a unit producing corn ethanol attached to its sugar cane plant in Cachoeira Dourada (GO), the company’s press office said on Friday. The business model will be the same as the company has in Quirinópolis (GO), where the biofuels division of Cargill in Brazil already produces ethanol […]
In Canada, Farm Credit Canada says Canadian ethanol plant production through May decreased by 1% compared to the previous year, although output during that period has increased by 14% since 2021. The growth in ethanol production is attributed to improved efficiency, resulting in more ethanol produced per tonne of grain, with total grain use rising […]
