In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol production rose to 1.081 million barrels per day but even so, stocks fell to 22.223 million barrels, representing an increase of 39,000 bpd but a stock drop of 52,000 barrels. Stocks are 877,000 barrels higher than the same time last year, however. Exports […]
In Brazil, the Foreign Agriculture Service of the US Department of Agriculture reported that the Tariff Changes Committee (CAT) of the Chamber of Foreign Trade (Camex) on October 17 rejected the request made by the Brazilian Association of Fuel Importers (ABICOM) and the U.S. Grains Council to remove the 18 percent tariff on ethanol imports […]
In Argentina, Biodiesel Argentina reported that Argentine company Grupo Bahía Energía will invest approximately $200 million in the first bioethanol plant in Buenos Aires and the first Sustainable Aviation Fuel plant in the country. The report noted that the project will be carried out through its company Biosanfe, which will install an industrial complex for […]
In Brazil, the Brazilian Development Bank (BNDES) has approved financing worth R$500 million for Coamo Agroindustrial Cooperativa to build a corn ethanol production plant in the city of Campo Mourão (PR). With resources from the Climate Fund, the plant will have the capacity to process 1,700 tons of corn per day and produce 765,000 liters […]
In India, the government has advanced its target for 20% blending to 2025, reinforcing its commitment to sustainable energy. The Minister of Petroleum and Natural Gas says discussions have already started to develop a roadmap for the future, post the attainment of the 20% blending target. This roadmap will guide the country’s next steps in […]
In Washington, Reuters reports record ethanol exports saw stocks dip last week despite strong production, helping to offset record production that is taking advantage of cheap corn and low natural gas prices. Ethanol producers are reaping in hefty crush margins as a result despite gasoline demand not having yet returned to pre-pandemic levels. Census data […]
In Washington, August U.S. ethanol exports rebounded 4% to 141.2 million gallons (mg), with the bulk of shipments headed to a dozen countries. Canada remained the top destination for the 41st consecutive month, accounting for 40% of total exports, despite reducing its imports of U.S. ethanol by 8% to 57.0 mg, nearly all of which was denatured fuel. […]
In the UK, Marex Group announced the completion of its acquisition of Dropet, a Spanish biofuels company. Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years’ experience in physical ethanol and related biofuel products, as well as exchange-traded […]
In North Carolina, BASF reported that it has launched xarvio BIOENERGY, a low carbon intensity crops program that lowers, tracks and documents CI levels in corn grown for ethanol biofuel production in the U.S. xarvio BIOENERGY offers the biofuel production supply chain – growers, retail agronomists and biorefineries – a quality assured and complete, end-to-end […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol production fell below 1 million barrels per day last week to the lowest levels since May at 994,000 bpd despite crush margins remaining strong. Although stock levels fell by 261,000 barrels down to 23.5 million barrels, they were still nearly 1.5 million barrels […]
