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February 4, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Energy Secretary Steven Chu resigns
    Steven Chu is stepping down from his post as secretary of the Department of Energy. During his tenure, Chu brought a "unique understanding of both the urgent challenge presented by climate change and the tremendous opportunity that clean energy represents for our economy," President Barack Obama said in a statement. Chu is expected to stay on until the end of the month or until his successor is named. The Oregonian (Portland)/The Associated Press (2/1) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn declines; NYMEX oil, ethanol futures advance
    March corn settled at $7.36 per bushel Friday, down 4.5 cents, on the Chicago Board of Trade. Light sweet crude for March delivery gained 28 cents to close at $97.77 per barrel on the New York Mercantile Exchange. February denatured ethanol rose 1.1 cents to end at $2.469 per gallon on the CBOT. Bloomberg (2/1), MarketWatch (2/1) LinkedInFacebookTwitterEmail this Story
  • Neb. ethanol plant suspends operations
    The Ag Processing ethanol plant in Hastings, Neb., has temporarily ceased production. "Our facility, like other corn processing plans in the Midwest, continues to experience negative margins due to higher corn prices driven by ongoing drought conditions and lower ethanol prices," said CEO and General Manager Keith Spackler in a statement. Bloomberg Businessweek (2/1) LinkedInFacebookTwitterEmail this Story
  • Other News
  Technology & Trends 
  • Amyris ships first batch of farnesene from Brazilian plant
    The Amyris production facility in Brotas, Brazil, has completed its first delivery of Biofene, the firm's brand of renewable farnesene. "This initial shipment marks the successful completion of our startup activities. We have operated multiple tanks without contamination or surprises through several production runs during the first month of operation," said Amyris President and CEO John Melo. (2/1) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Iowa officials vow to keep supporting biofuels
    Iowa Gov. Terry Branstad and Lt. Gov. Kim Reynolds, in their speeches at the seventh annual Iowa Renewable Fuels Summit, pledged to continue supporting homegrown biofuels. "Having been governor during the farm crisis of the '80s, I know the difference between a strong renewable-fuels industry and when we didn't have it. We don't want to go back to those bad old days," Branstad said. The number of jobs in Iowa tied to biofuels tops 82,000 and is rising, Reynolds said. (2/1) LinkedInFacebookTwitterEmail this Story
  • Ethanol industry is urged to support Open Fuel Standard
    Diversifying the country's fuel supply would decrease gasoline prices and boost energy security, said Anne Korin, co-director for the Institute for the Analysis of Global Security, during a talk at the seventh annual Iowa Renewable Fuels Summit. A bill calling for an Open Fuel Standard has been reintroduced in Congress, but it needs the full support of the biofuels industry to advance, Korin said. "It's very important for the country that the ethanol industry be engaged in this fight," she said. (2/1) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Brazil to ramp up ethanol output, executive says
    Brazilian sugarcane mills hope to increase profits by allocating more cane to ethanol production at the start of this year's harvest, according to Ivan Melo, commercial director of Raizen, a joint venture between Royal Dutch Shell and Cosan Industria & Commercia. Demand for ethanol is expected to rise, due in part to the government's decision to raise fuel prices by 6.6% and its intent to increase the ethanol blend rate from 20% to 25% in May, Melo said. Bloomberg Businessweek (2/3) LinkedInFacebookTwitterEmail this Story
  • Ample cane crop in Brazilian region to prompt earlier harvest
    The sugarcane harvest in Brazil's center-south region will begin earlier than usual this year because of the size of the crop, according to Jeremy Austin, general manager of Sucden do Brasil. "On average, the crop will start three weeks earlier than last year because everybody needs to try to get the cane in and start crushing to make sure they don't run into rain at the end of the crop," Austin said. Bloomberg Businessweek (2/2) LinkedInFacebookTwitterEmail this Story
  RFA & Member News 
  • RFS is a boon to the U.S. economy, DOE paper concludes
    The Renewable Fuel Standard is having significant positive effects on the U.S. economy, including by reducing oil prices and increasing gross domestic product, according to a paper written by the Department of Energy's Oak Ridge National Laboratory. "Rather than listening to well-heeled oil lobbyists or giving credence to sham 'studies' funded by grocery manufacturers, let's allow independently funded, unbiased, third-party research -- like this study from ORNL -- to guide the [RFS] debate." said Bob Dinneen, president and CEO of the Renewable Fuels Association. Read the news release from RFA. LinkedInFacebookTwitterEmail this Story
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