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March 19, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Dinneen: Big Oil is bidding up the price of ethanol RINs
    A Washington Times editorial takes the side of the oil industry, which maintains a virtual stranglehold on the fuel market, over its leading competitor, homegrown ethanol, writes Bob Dinneen, president and CEO of the Renewable Fuels Association, in a letter to the editor. Rather than blend more ethanol to comply with the Renewable Fuel Standard, "Big Oil would rather shut out competitors and shortchange consumers" by buying up ethanol Renewable Identification Numbers, pushing up their value, Dinneen states. "By selling these credits to each other, they're bidding up the costs of RINs -- needlessly, irresponsibly as a scare tactic," Dinneen notes. E-Xchange blog (3/18) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, NYMEX oil, ethanol futures advance
    May corn settled at $7.20 per bushel Monday, up 3 cents, on the Chicago Board of Trade. April light sweet crude advanced 29 cents to close at $93.74 per barrel on the New York Mercantile Exchange. April denatured ethanol gained 0.2 cents to end at $2.631 per gallon on the CBOT. Bloomberg (3/18), MarketWatch (3/18) LinkedInFacebookTwitterEmail this Story
  • Valero to reopen Ind. ethanol plant within weeks
    Valero Energy has resumed operations at its ethanol plant in Bloomingburg, Ohio, and aims to reopen its last remaining idled ethanol plant, in Linden, Ind., within a few weeks, said spokesman Bill Day. The two facilities, along with the Albion, Neb., plant that reopened last month, were temporarily shut down by Valero in June because of the drought-induced spike in corn prices. "Margins have improved where the plants can be operated at a profitable level," Day said. Reuters (3/18) LinkedInFacebookTwitterEmail this Story
  • Dakotas could soon become a top corn producer, analysts say
    North and South Dakota could soon rival Iowa, Illinois and Indiana in corn output, thanks to changing weather patterns, improved seed technologies and strong demand for the grain for ethanol production and other uses, analysts said. "There is tremendous demand for corn right now, and certainly corn has risen to the top as the farm product with the highest value and demand," said Nathan Franzen, president of First Dakota National Bank's agribusiness unit. Reuters (3/18) LinkedInFacebookTwitterEmail this Story
  • Chemtex looks at N.C. for new biofuel refinery
    Chemtex hopes to build a biofuel refinery in Sampson County, N.C., and open it in 2015, according to the company. "I'm very confident that in 2015, this plant will be open somewhere, and I should say we're still very hopeful and it's our intention to open in North Carolina. It's really making sure it's a project that's welcome in the state," said Dennis Leong, executive vice president of marketing and business development at Chemtex. The Fayetteville Observer (N.C.) (3/18) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • Study: Alt-fuels can help U.S. slash oil use by 80% by 2050
    A new analysis from the National Academy of Sciences has concluded that reducing petroleum use and greenhouse-gas emissions by 80% for cars and small trucks by 2050 is possible, using a mix of alternative fuels, more efficient vehicles and aggressive policies aimed at influencing consumer choices and curbing costs, writes Andrew Revkin. Among the report's suggestions is the imposition of a tax on petroleum-based fuels, which would curb their use and assure investors there is a lucrative market for alternative fuels, Revkin notes. The New York Times (tiered subscription model)/Dot Earth blog (3/18) LinkedInFacebookTwitterEmail this Story
  • Novozymes to put more funds into R&D, exec says
    Novozymes is planning to bolster its research and development budget for products aimed at the biofuel and agriculture sectors, said incoming CEO Peder Holk Nielsen. Novozymes, which accounts for 47% of the world's market for industrial enzymes, invested $265.8 million, or 14% of its revenue, on R&D in 2012, Nielsen said. In comparison, its biggest rival, DuPont, which holds 21% of the market, spent $2.1 billion on R&D, or 5.9% of its revenue. Bloomberg Businessweek (3/18) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Refiners are trying to "create some hysteria" on RFS, Dinneen says
    The rising price of Renewable Identification Numbers has grabbed the attention of lawmakers, while refiners say the short-term solution is to increase gasoline exports and refine less domestically, or consumers will have to pay more. However, the ethanol industry says it's merely a scare tactic by refiners to end or modify ethanol blend requirements. "This is in my view an effort by the oil companies to create some hysteria to support their political effort to repeal the [Renewable Fuel Standard]," said Bob Dinneen, chairman and CEO of the Renewable Fuels Association. Politico (Washington, D.C.) (3/19) LinkedInFacebookTwitterEmail this Story
  • Ore. lawmakers are urged to repeal sunset date of clean-fuels program
    The 2015 expiration date of Oregon's clean-fuels program should be repealed to help the state's biofuels industry grow and create more jobs, supporters said during a hearing of the state Senate Environment and Natural Resources Committee. "We would love to expand our operations, we'd love to build more stations in Oregon, but we can't make further investments until the sunset date is lifted," said Spencer Richley, policy and clean-energy associate at Clean Energy Fuels. A coalition of oil companies wants the program's sunset date to stay, saying the program is "infeasible" and "duplicative of the federal government." Associated Press (3/18) LinkedInFacebookTwitterEmail this Story
  • Other News
  Global Agenda 
  • 20% of cane mills in key Brazilian region may close, lawmaker says
    One in five sugarcane mills in Brazil's center south may halt production or get sold this year because of negative ethanol margins, according to Duarte Nogueira, a member of the country's Chamber of Deputies. High production costs are making ethanol less competitive against gasoline, whose retail price is set artificially low by state-owned Petrobras. "The price of gasoline should be allowed to float with the market like it does in other countries," Nogueira said. Bloomberg (3/18) LinkedInFacebookTwitterEmail this Story
  RFA & Member News 
  • Have Questions About E15? We Have Answers
    With E15 continuing to spread across the country, it is important to stay informed. Take a look at the Understanding E15 FAQ for a basic rundown of need-to-know consumer information regarding the blend. Retailers are advised to read through the E15 Retailer Handbook for regulatory and technical guidance. The Handbook touches on E15 conversion guidelines for fueling infrastructure, transportation and storage requirements, safety and firefighting procedures, and government requirements regarding blender registration, octane posting and proper pump labeling. All this information and more can be found on RFA's website. LinkedInFacebookTwitterEmail this Story
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You may have to fight a battle more than once to win it."
--Margaret Thatcher,
British prime minister

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