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March 1, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Leave the RFS alone, exec says
    The big oil companies and food manufacturers are redoubling their efforts to dismantle the Renewable Fuel Standard "because of greed for their own profits," writes Ed Ulch, director of the Iowa Soybean Association and vice chairman of the National Biodiesel Board. The RFS is "working as intended" by Congress to displace imported oil, create U.S. jobs, revitalize rural areas and cut greenhouse-gas emissions, Ulch writes. The Gazette (Cedar Rapids-Marion, Iowa) (2/28) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, ethanol post gains; NYMEX oil slides
    Corn for March delivery rose for the fourth straight session on Thursday to settle at $7.195 per bushel, up 10 cents, on the Chicago Board of Trade. April light sweet crude dropped 71 cents to close at $92.05 per barrel on the New York Mercantile Exchange. March denatured ethanol advanced 2 cents to end at $2.405 per gallon on the CBOT. Bloomberg Businessweek (2/28), MarketWatch (2/28) LinkedInFacebookTwitterEmail this Story
  • Global grain output to rebound next season, trader says
    Global grain production in the 2013-14 season will jump to 2.406 billion metric tons, up 7.2% from this season, according to cereal trader Alfred C. Toepfer International. Grain crops worldwide fell by 3.1% this season to 2.244 billion metric tons, due in part to the dry spell in the U.S., said Stefan Vogel, the group's head of economics. "We have high prices, which are encouraging a supply reaction, which will mean we will see high areas of grains, high areas of oilseeds," Vogel said. Bloomberg Businessweek (2/28) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • DuPont Pioneer exec hopeful cellulosic sector will meet RFS goals
    The U.S. produced 20,000 gallons of cellulosic biofuels last year and is projected to produce 250 million gallons in 2015, short of the Renewable Fuel Standard's 2012 target of 500 million gallons and this year's target, 1 billion gallons. But Andy Heggenstaller, agronomy research manager for DuPont Pioneer, said he is optimistic that the industry will rise to the challenge. "I think what we're going to see is that DuPont and some other companies are going to make this happen in that 2015 timeframe," Heggenstaller said. Brownfield (2/28), The Hartford Courant (Conn.) (2/26) LinkedInFacebookTwitterEmail this Story
  • Rentech shutters Colo. plant, cuts 65 jobs
    Los Angeles-based alternative-energy firm Rentech will shutter a product demonstration plant in Commerce City, Colo., and cut 65 jobs as part of an effort to scale back its research-and-development spending. The company may also offload the Colorado facility, along with about 450 acres of property in Natchez, Miss., that had been earmarked for a production plant. Closure of the Colorado facility is expected to bring down Rentech's R&D costs from $21 million in 2012 to $10 million this year. Los Angeles Business Journal (free registration) (2/28) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Bill seeks to reshape Neb. Corn Board
    Nebraska lawmakers are considering a bill that would make changes to the state corn checkoff board, including turning it into a quasi-state agency and giving farmers the ability to seek a refund if they are unsatisfied with the board's performance. Another provision in the bill could lead to a change in the amount of money the board can spend to lobby for federal legislation. Brownfield (2/28) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • FAO: Biofuel certification programs favor bigger players
    Existing biofuel certification programs are mostly geared to serve large-scale producers, to the detriment of small companies and developing nations, according to a new report from the U.N. Food and Agriculture Organization. "As structured, these schemes would tend to favour big players and provide incentives for scaling up production to absorb certification costs," FAO said. Several developing nations are concerned that the certification programs "can become indirect trade barriers when not managed properly," the report stated. (U.K.) (2/28) LinkedInFacebookTwitterEmail this Story
Mediocrity knows nothing higher than itself, but talent instantly recognizes genius."
--Sir Arthur Conan Doyle,
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