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March 11, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Dinneen: Big Oil's resistance to E15 pushing up RIN prices
    The soaring price of ethanol renewable identification numbers is likely due to a perception that the ethanol blend wall is crimping the supply of RINs, some analysts and oil industry representatives said. "I think there's a lot of speculative pressure" behind the spike in RIN prices, said Philadelphia Energy Solutions CEO Phil Rinaldi. Renewable Fuels Association President and CEO Bob Dinneen states that the oil industry is partly responsible for the blend wall because of oil companies' resistance to E15 and higher blends. Platts (3/8), The Wall Street Journal (3/10) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • U.S. ethanol exports rose in January; imports dwindled
    Federal figures show that exports of U.S. ethanol rose to 63.6 million gallons in January, up 16% from December but more than one-third lower than the 2011 monthly average, according to Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. The U.S. imported 46.4 million gallons of fuel ethanol in January, down 44% from December, Cooper states. Meanwhile, exports of distillers dried grains with solubles totaled 585,237 metric tons, up 10% from December, Cooper notes. EthanolRFA.org/The E-Xchange blog (3/8) LinkedInFacebookTwitterEmail this Story
  • Another filling station in Iowa starts offering E15
    Owners of cars from the 2001 model year and newer can now fill up with E15 at the Kountry Korner station in Baxter, Iowa, which has become the third retailer in the state to offer the blend. "E15 is starting to gain some traction in Iowa, and retailers are seeing value in offering fuel choice to consumers," said Lucy Norton, managing director of the Iowa Renewable Fuels Association. DomesticFuel.com (3/8), KCCI-TV (Des Moines, Iowa) (3/8) LinkedInFacebookTwitterEmail this Story
  • USDA maintains U.S. corn ending stocks estimate
    The Department of Agriculture's U.S. corn ending stocks projection for the 2012-2013 marketing year is unchanged from February's forecast, as increased imports are expected to offset decreased exports and higher feed and residual use, according to the USDA's World Agricultural Supply and Demand Estimates report, which was issued Friday. Projected corn use for ethanol is unchanged at 4.5 billion bushels, compared with an estimated 4.55 billion bushels in the 2011-2012 period and 5.02 billion bushels in 2010-2011. EthanolProducer.com (3/8) LinkedInFacebookTwitterEmail this Story
  • Ethanol profitability is hit by drought-induced dip in corn supplies
    Despite the elevated gasoline prices, ethanol producers are still losing money because of the drought-induced reduction in corn supplies, writes Stu Ellis, citing calculations by Iowa State University economist Don Hofstrand. Hofstrand's analysis indicates that although prices of ethanol and distillers dried grains with solubles rose, they were still not high enough to offset the price of corn for many producers last year, Ellis notes. Ethanol production continues because of the Renewable Fuel Standard, without which "ethanol content in gasoline would be cut to 3-5%," Ellis states. The Farm Gate blog (3/10) LinkedInFacebookTwitterEmail this Story
 
  Technology & Trends 
  • Enerkem has not given up on Miss. ethanol project
    Canada-based Enerkem has not abandoned its plan to develop a waste-to-ethanol plant in Pontotoc, Miss., despite delays and setbacks to the project, including a canceled initial public offering of shares in 2012. "Enerkem is committed to realize this project and is working diligently with its local partner to complete the necessary business arrangements and move the project forward," said Annie Pare, Enerkem’s director of communications. The company has acquired land next to a landfill in Pontotoc, where construction of the facility could begin in the second half of this year, Pare said. Northeast Mississippi Daily Journal (Tupelo, Miss.) (3/10) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Corn growers say defending RFS is their main priority
    Representatives from the National Corn Growers Association and the American Soybean Association reiterated their call for passage of a new, five-year farm bill during their policy discussions at the 2013 Commodity Classic trade show in Florida. Delegates to the corn policy session said that calling for a new farm bill is second only to defending the Renewable Fuel Standard on their list of priorities. Iowa Farmer Today (3/8) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Market conditions favor ethanol production in Brazil, analyst says
    Sugar futures in New York and London jumped on expectations that sugarcane mills in Brazil's center-south region will favor ethanol production over sugar production when the cane harvest begins in April, according to Deutsche Bank. "Based on current economics, producers should favour ethanol production through June 1," said Christina McGlone-Hahn, an analyst at Deutsche Bank. A plan to trim or eliminate the nation's tax on ethanol may lead mills to ramp up production of hydrous ethanol in July and August instead of shifting to sugar production, McGlone-Hahn said. Bloomberg (3/8) LinkedInFacebookTwitterEmail this Story
  RFA & Member News 
  • Know the Truth, Get the Facts About Ethanol
    Check out the Renewable Fuels Association's video titled "40 Facts About Ethanol." It is a fast-paced, data-based review of ethanol, past, present and future. To view this video, visit RFA's website or YouTube channel.

    "This video proves once and for all that today's ethanol is not your father's ethanol. The ethanol industry has made impressive strides in the last 30 years in production volumes, foreign oil displacement, production efficiencies, co-products, job creation and cellulose and advanced ethanol market entry. The ethanol industry has a great story to tell and this video helps us tell it with data, color and occasionally humor. Whether you think you know all there is about ethanol or you are new to the topic, this video is a must-see. It is a great primer," said Bob Dinneen, RFA's President and CEO. LinkedInFacebookTwitterEmail this Story
Learn more about RFA ->Join Us  |  EthanolRFA.org  |  Public Policy
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  SmartQuote 
The greatest way to live with honor in this world is to be what we pretend to be."
--Socrates,
Greek philosopher


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