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February 15, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Dinneen: History disproves Big Oil's claim on energy independence
    History and market realities do not support the oil industry's claim that biofuels are not needed for energy independence, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. Domestic production from conventional sources of crude oil is slowing down, and while some of the shortfall can be met in the near term by output from unconventional sources, the price of oil will remain high without alternatives, Dinneen says. "We cannot frack our way to energy independence. The need for domestic renewable fuels remains as important as ever," he states. EthanolProducer.com (2/14) LinkedInFacebookTwitterEmail this Story
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  Market Update 
 
  • CBOT corn, ethanol retreat; NYMEX oil advances
    March corn dropped 0.75 cents to settle at $6.9475 per bushel Thursday on the Chicago Board of Trade. March light sweet crude gained 30 cents to end at $97.31 per barrel on the New York Mercantile Exchange. March denatured ethanol fell by 3.8 cents to close at $2.329 per gallon on the CBOT. Bloomberg Businessweek (2/14), MarketWatch (2/14) LinkedInFacebookTwitterEmail this Story
  • U.S. ethanol margins stayed negative in January, data show
    The average U.S. ethanol production margin remained negative for the 13th straight month in January, despite the easing of corn prices and a reduction in the country's output capacity, data from Iowa State University show. Ethanol plants lost 21 cents per gallon on average in January, the most since January 2011, ISU said. Ethanol sales revenue fell by an average of 5 cents to $2.20 per gallon in January, while that of distillers dried grains with solubles was unchanged at 78 cents per gallon. Platts (2/14) LinkedInFacebookTwitterEmail this Story
  • Fuels America debuts Ryan Gosling poster
    Fuels America released a poster featuring its own spin on a popular Ryan Gosling Internet meme. "Hey girl, you've got a monopoly on my heart. But oil has a monopoly on our fuel supply," reads the poster, featuring Gosling's face. The poster is part of the coalition's new campaign for renewable fuels, which includes a sarcastic video about oil. The Examiner (Washington, D.C.) (2/13) LinkedInFacebookTwitterEmail this Story
  • Expert urges ethanol producers to get into corn oil business
    Ethanol plants that don't extract corn oil are losing out on a potentially lucrative source of income, said Joe Riley, general manager of oil-marketing firm FEC Solutions. A 50-million-gallon-per-year ethanol plant could produce between 1.5 million and 1.7 million gallons of corn oil, he said. DomesticFuel.com (2/14) LinkedInFacebookTwitterEmail this Story
  • Watch the quality of gasoline mixed into ethanol, group says
    The Urban Air Initiative is concerned that shifting to higher ethanol blends will boost the use of lower-quality gasoline blendstocks that are more polluting. "The [ultra-fine particulates] profile of the ethanol is very, very consistent," but some blenders might pair it with dirty gasoline blendstocks, said Greg Krissek, director of government affairs for ICM, which is a member of the initiative. "What we don't want to happen is the unintended consequence down the road of what happens to that gasoline blendstock," he said. DomesticFuel.com (2/14) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Policy Watch 
  • Analysis: Ethanol blend wall affects RFS compliance
    Something has to give in the implementation of the Renewable Fuel Standard for advanced biofuels through 2015, according to Scott Irwin and Darrel Good, economists at the University of Illinois. Otherwise, it could lead to a too-rapid expansion of biodiesel production that would tax existing capacity and overwhelm feedstock markets. To avert this, there would have to be a very large increase in E15 or E85 uptake, or the Environmental Protection Agency would have to be more flexible in setting the total advanced mandate, Irwin and Good state. Farmdoc Daily (University of Illinois) (2/13) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Bank: Sugar price needs to fall to spur more Brazil ethanol output
    Sugar futures may need to retreat further for sugarcane mills in Brazil's center-south region to steer more of their crop into ethanol production in the 2013-2014 season, according to Australia-based investment bank Macquarie Group. Sugar may need to trade somewhere between 17 and 18 cents per pound to trigger the switch to make more ethanol, said Kona Haque, an analyst at the bank. Bloomberg Businessweek (2/14) LinkedInFacebookTwitterEmail this Story
  • Group to build demo cellulosic-ethanol plant in India
    Engineering group Praj Industries plans to build a demonstration-scale facility in Pune, India, that would convert sugarcane waste into ethanol, before embarking on a similar, bigger-capacity project. Praj Industries aims to break ground on the $30 million project in May, said Chairman Pramod Chaudhari. The company hopes to develop its first "medium-sized" cellulosic-ethanol facility in 2014, with the U.S. as a potential location, he said. Bloomberg Businessweek (2/14) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If you want to live a happy life, tie it to a goal. Not to people or things."
--Albert Einstein,
German-born theoretical physicist


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