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March 13, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Analysis: Ethanol still costs less than regular gasoline despite RIN costs
    The claim by some oil companies that increased prices of ethanol Renewable Identification Numbers are driving up retail gasoline prices is "completely absurd," writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. Even if RIN prices averaged 80 cents for the year, the overall RIN cost would add just $0.0078 per gallon to the price of gasoline, which is much lower than the 10 cents per gallon claimed by some oil companies, Cooper notes. Even when the higher RIN costs are factored in, E10 would still sell at a discount compared to unblended gasoline, Cooper states. E-Xchange blog (3/12) LinkedInFacebookTwitterEmail this Story
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  Market Update 
  • CBOT corn, NYMEX oil post gains; ethanol futures slip
    March corn settled at $7.41 per bushel Tuesday, up 6.5 cents, on the Chicago Board of Trade. April light sweet crude gained 48 cents to rise for the fourth straight session, ending at $92.54 per barrel on the New York Mercantile Exchange. April denatured ethanol dropped 1 cent to close at $2.534 per gallon on the CBOT. Bloomberg (3/12), MarketWatch (3/12) LinkedInFacebookTwitterEmail this Story
  • Dinneen: Big Oil should be blamed for rising RIN prices
    The Wall Street Journal editorial board has once again sided with the oil industry, this time on the issue of rising prices of ethanol Renewable Identification Numbers, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. Ethanol RIN prices are climbing because oil firms would rather use banked RINs to meet their Renewable Fuel Standard obligations, despite the wide availability of ethanol for blending and the low rate of ethanol output capacity utilization, Dinneen notes. "Big Oil's manipulation of the system is preventing competition in the fuels marketplace, an activity that should be anathema in any free, competitive market," Dinneen states. E-Xchange blog (3/12), Platts (3/12) LinkedInFacebookTwitterEmail this Story
  • AEC: Oil companies play a role in pushing up RIN prices
    The Advanced Ethanol Council has responded to a Wall Street Journal editorial that linked the increased price of ethanol Renewable Identification Numbers to the rising cost of gasoline at the retail level. Instead of buying more ethanol to comply with the Renewable Fuel Standard, oil companies are ramping up the use of stockpiled RINs, driving up their price, AEC said. Oil firms "have indeed bid up the price of RINs over the last few weeks, but they are doing so voluntarily to avoid the alternative of adding more ethanol to gasoline," AEC said. (3/12) LinkedInFacebookTwitterEmail this Story
  • USGC: U.S. DDGS accounts for 93% of market share in South Korea
    U.S. distillers dried grains with solubles accounted for 469,000 metric tons of the more than 505,000 metric tons of DDGS imported by South Korea in 2012, according to Byong Ryol Min, director of the U.S. Grains Council in South Korea. "Even as global competition increases, U.S. DDGS exports to Korea continue to remain strong, now at a 93% market share," he said. (3/12) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • Zeachem's Ore. biorefinery makes successful first run
    Zeachem's demonstration-scale biorefinery in Boardman, Ore., has yielded its first batch of ethanol and renewable chemicals from poplar chips. The facility's equipment performed without a hitch and the successful initial run is a "great validation of the technology," said Jim Imbler, the company's president. The Seattle Times (3/12) LinkedInFacebookTwitterEmail this Story
  • Report: Cellulosic ethanol cost could match corn by 2016
    A survey of 11 of the biggest cellulosic ethanol companies by Bloomberg New Energy Finance says that cellulosic ethanol production could become price competitive with corn-based ethanol by 2016. "If our survey proves accurate, cellulosic ethanol will make meaningful inroads into the vehicle-fuel market during the last years of this decade," said Harry Boyle of BNEF. Bloomberg (3/12) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Ill. Senate committee hears testimony on E15 tax-break plan
    The Illinois Senate Agriculture Committee heard testimony Tuesday on a bill that would shift a sales tax break from E10 to E15. The bill's main sponsor, Sen. John Sullivan, said it's time to start encouraging retailers to carry E15. Critics claim that using E15 can cause engine damage, but advocates say the biofuel underwent extensive testing before the Environmental Protection Agency approved its use in model years 2001 and later. Quad-City Times (Davenport, Iowa) (3/12) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Trader: Brazil's ethanol tax cuts won't be enough to spur investments
    The Brazilian government's plan to scale back two taxes on ethanol may not be sufficient to draw more investments into new production capacity, which could derail the development of a proposed $3.56 billion ethanol-pipeline project, said Paulo Roberto de Souza, president of trading firm Copersucar, which is among the companies behind the pipeline project. The proposed tax cuts "will improve profitability in the short term, but just for mills already installed," Souza said. The proposed 808-mile pipeline project may not be completed as planned if there are not enough customers to use it, Souza said. Bloomberg (3/12) 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 and follow Fuels America on Twitter. LinkedInFacebookTwitterEmail this Story
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