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 […]
In Canada, the Farms and Fuels Alliance applauded the Ontario government’s decision to introduce Canadian content requirements to ethanol, a critical move that will strengthen the province’s agricultural sector, secure thousands of Ontario jobs, and ensure a continued sustainable environmental future due to Canada’s homegrown biofuel industry. “We’re pleased that Ontario has recognized the vital […]
In Brazil, the National Bank for Economic and Social Development (BNDES) approved financing of R$ 625 million for the implementation of a new corn ethanol plant by São Martinho S/A. The project will allow the company to expand production at the Boa Vista Unit, an industrial complex located in Quirinópolis (GO), and will contribute to […]
