| The News Source for the Ethanol Industry |  |
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- Dinneen: Big Oil's blocking of higher ethanol blends lifts RIN prices
 Oil companies are making the E10 blend wall a convenient excuse for the rise in ethanol renewable identification number prices, which was really brought about by their continuing refusal to accept higher ethanol blends, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. Despite the ample supply of ethanol in the market for blending, oil companies claim they need to buy RINs rather than increase ethanol use to comply with the RFS, Dinneen states. "Ethanol prices remain at a significant discount to gasoline prices. ... Yet, oil companies have so far avoided increasing their use of ethanol, and have instead chosen to stockpile excess RINs," Dinneen notes. EthanolRFA.org/The E-Xchange blog
(3/7)     
| Market Update | | |
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- CBOT corn, NYMEX oil, ethanol futures advance
March corn settled at $7.115 per bushel Thursday, up 3.5 cents, on the Chicago Board of Trade. April light sweet crude gained $1.13 to close at $91.56 per barrel on the New York Mercantile Exchange. April denatured ethanol advanced 3.6 cents to end at $2.436 per gallon on the CBOT Bloomberg
(3/7), MarketWatch
(3/7)
- Official: Iowa makes enough ethanol to be energy independent
Iowa's annual ethanol output of somewhere between 3.5 billion and 4 billion gallons is enough to make the state energy independent and a net exporter of the biofuel, according to Iowa Agriculture Secretary Bill Northey. "We would be the only state that would be a net exporter of liquid fuels that doesn't pump a barrel of oil from the ground," Northey said. If Iowa were a country, it would the fourth biggest corn producer, behind the U.S., China and Brazil, Northey noted. DomesticFuel.com
(3/7)
- Ethanol producers keep an eye out for alternative feedstocks
The tightening supply of corn is prompting ethanol producers to look for potential alternative feedstocks. "You'd be crazy not to," said Bob Dinneen, president and CEO of the Renewable Fuels Association. "Everybody is always looking for other things that might make them a little more competitive. They'll be looking at a variety of things as we get into the spring and summer until we get a new robust corn crop." Reuters
(3/7)
- Net sales of U.S. corn exports plunge to 27-week low
Net sales of U.S. corn exports for delivery in the 2012-2013 marketing year slumped to minus 49,809 metric tons this week, down from 302,577 metric tons last week and the lowest in 27 weeks, according to the Department of Agriculture. Increased sales to China, Jamaica, Mexico, Saudi Arabia and Honduras were negated by bigger declines in sales to Colombia, the Dominican Republic and Taiwan. DairyHerd.com
(3/7)
| Technology & Trends | | |
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- Exxon says it is at least 25 years away from delivering algal fuel
ExxonMobil is "probably further" than 25 year away from bringing algae-based fuels to the market due to the technical challenges in scaling up the technology, said Rex Tillerson, chairman and CEO of the oil giant, which has committed $600 million into its algal fuel venture. "What we've come to understand is the hurdle is pretty high and the hurdle seems to exist at the basic science level, which means it's even more difficult to solve," Tillerson said. Bloomberg Businessweek
(3/7)
| Policy Watch | | |
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- RFA's White: Ethanol's success needs to be communicated to officials
 Ethanol has been a boon for American farmers, and while the public knows this, its elected officials need to be educated, said Robert White, the Renewable Fuels Association's director of market development. "As each year goes by, more and more people are sent to Washington to represent their home state with no rural background whatsoever. And so the rural message, the ethanol message, can get lost in the urban and city environment and conversations," he said. DomesticFuel.com
(3/8)
| RFA & Member News | | |
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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.
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