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- 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)     
| Market Update | | |
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- 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)
- 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)
| Technology & Trends | | |
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- 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)
- 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)
- 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)
| Global Agenda | | |
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- 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
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