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January 8, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • RFA's Cooper fact-checks "disingenuous" ethanol story
    A New York Times article that links U.S. ethanol use with rising corn and food prices in Guatemala contains several inaccuracies, writes Geoff Cooper, vice president of research and analysis for the Renewable Fuels Association. Guatemalans use white corn for tortillas, while U.S. ethanol is made from No. 2 yellow corn, Cooper writes, pointing out that it is "disingenuous to suggest stronger demand and tighter supplies of No. 2 yellow corn in the U.S. are significantly influencing local white corn prices in Guatemala." Data from the Food and Agriculture Organization show that Guatemala's food price index rose more slowly in 2012 than in 2011 and 2010, while the country's corn output grew consistently in the past five years, Cooper notes. EthanolRFA.org/The E-Xchange blog (1/7) LinkedInFacebookTwitterEmail this Story
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  Market Update 
  • Corn, oil, ethanol futures post gains
    March corn settled at $6.855 per bushel Monday, up 5.25 cents, on the Chicago Board of Trade. February light sweet crude gained 10 cents to close at $93.19 per barrel on the New York Mercantile Exchange. February denatured ethanol ended at $2.205 per gallon, up 2.4 cents, on the CBOT. Bloomberg Businessweek (1/7), MarketWatch (1/7) LinkedInFacebookTwitterEmail this Story
  • Report: U.S. ethanol supply eases off from 6-month high
    U.S. ethanol supply slipped during the week that ended Dec. 28 after reaching a 6½-month high earlier in the month, according to a CME Group report. "The recent rise in ethanol inventories tracks to some extent with the 13% surge in gasoline inventories seen in the past six reporting weeks," the report said. International Business Times (1/7) LinkedInFacebookTwitterEmail this Story
  • Convenience store operator increased biofuel options in 2012
    Retailer Kum & Go opened 43 new stores in nine states in 2012, bringing its total to 430 stores in 11 states. The new stores offer several biofuel options such as E10 and E85 as part of the company's increased focus on sustainability. "These fuel options support our local agricultural economies while reducing our dependence on foreign oil," said President and CEO Kyle J. Krause. ChainStoreAge.com (1/7) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Technology & Trends 
  • Algae.Tec plans $200M bond sale to fund expansion
    Australia-based algal oil producer Algae.Tec is planning a sale of up to $200 million in bonds in Europe to finance development of new production facilities in Texas and Brazil. Algae.Tec plans to begin the bond sale next month and finish it by the middle of the year, said Chairman Roger Stroud. Feasibility studies for the plants in Texas and Brazil are due for completion this month, Stroud said. Bloomberg (1/7) LinkedInFacebookTwitterEmail this Story
  • Novozymes, partner get $2.5M federal grant for enzyme project
    The Department of Energy has issued a $2.5 million grant for a two-year project by Novozymes and partner MBI aimed at identifying more cost-effective enzymes for the conversion of corn stover into fuel. Under the "SynTec" project, the companies will test for the most efficient enzymes using pretreated agricultural waste. DomesticFuel.com (1/7) LinkedInFacebookTwitterEmail this Story
  • Execs plan to breathe new life into advanced-biofuel firm Qteros
    Three of the founders of failed advanced-biofuel startup Qteros are planning to bring back the company after obtaining the rights to its Q Microbe technology. "Having examined all the research, we now see an immediate pathway to commercialization with the current technology," said CEO Stephan Rogers, who served as chief operating officer when the company was first formed in 2007. Qteros closed shop last January after failing to secure funding for commercial deployment of its technology. Chemical & Engineering News (1/7) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Zimbabwe ethanol plant to reopen
    Green Fuel's idled Chisumbanje ethanol plant in Zimbabwe is expected to resume production after an interministerial committee endorsed an ethanol standard starting with E5. The committee also signed off on E10, E20, E85 and E100 as optional blends for approved vehicles. Operations at the Chisumbanje plant were suspended in early 2012 when a proposed E10 national standard failed to advance. The Zimbabwe Independent (1/4) LinkedInFacebookTwitterEmail this Story
  RFA & Member News 
  • Pledge Your Commitment to America's Future Today
    The Fuels America campaign is asking you to join the effort to promote the benefits of America's renewable fuels, which have bolstered the economies of communities nationwide. The coalition spans the full spectrum of domestically grown renewable fuel and national security stakeholders, and is dedicated to protecting the Renewable Fuel Standard and the economic and national security benefits that it provides. Join them in their fight to strengthen our country's energy backbone and help spread the word about the importance of renewable fuel by signing the Pledge For America's Energy Future. Learn more at FuelsAmerica.org and follow Fuels America on Twitter. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
It is wise to keep in mind that neither success nor failure is ever final."
--Roger Babson,
American entrepreneur and business theorist


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