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March 14, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Governors press Congress to stay the course on RFS
    The Governors' Biofuels Coalition wrote a letter to members of Congress asking them to maintain the Renewable Fuel Standard. "As governors who see firsthand the impact that the RFS has had on our states, we urge you to reject any modifications to the RFS," the governors wrote. "By intentionally using misinformation, biofuels opponents damage the nation's economy, environment, and energy security," they said. (3/13) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, ethanol post gains; NYMEX oil slides
    March corn settled at $7.4125 per bushel on Wednesday, up 0.25 cent, on the Chicago Board of Trade. April light sweet crude slipped 2 cents to end at $92.52 per barrel on the New York Mercantile Exchange. April denatured ethanol closed at $2.583 per gallon, up 4.9 cents, on the CBOT. Bloomberg (3/13), MarketWatch (3/13) LinkedInFacebookTwitterEmail this Story
  • Elevated RIN prices may boost gasoline exports, exec says
    Some refiners may have to export more gasoline if the price of ethanol Renewable Identification Numbers keep rising, said Kevin Brown, senior vice president of refining at Lyondell Basell Industries. However, the Renewable Fuels Association says that oil companies are driving up the cost of RINs because of their unwillingness to buy more ethanol to comply with the Renewable Fuel Standard. RIN prices would go down if oil firms adopt E15, which is approved by the Environmental Protection Agency for use in 2001 vehicle model years and later, the RFA said. Reuters (3/13) LinkedInFacebookTwitterEmail this Story
  • Report: Rising RIN prices cut into margins of some refiners
    Oil companies that blend their own gasoline are in a better position to absorb the impact of rising ethanol Renewable Identification Number prices than those that have to rely on third parties, according to a report from Macquarie. "Conversely, we believe merchant refiners that sell non-finished gasoline into a third-party pipeline or distribution system are most vulnerable to cost escalation of RINs," Macquarie said. Platts (3/13) LinkedInFacebookTwitterEmail this Story
  • U.S. ethanol output, supplies fell again last week
    U.S. ethanol production slipped for the second straight week last week, settling at 797,000 barrels per day, down 1% from the week before and the lowest level since Feb. 15, according to the Energy Information Administration. Supplies of the biofuel shrank for the sixth consecutive week, to 18.7 million barrels, the EIA said. For the second straight week, the U.S. did not import any ethanol, the EIA said. Bloomberg Businessweek (3/13) LinkedInFacebookTwitterEmail this Story
  • Forecasting group expects good planting weather this spring
    Winter storms are bringing much-needed moisture to major cropping areas hit by last year's massive drought, brightening the prospects for spring planting, according to AccuWeather. "Overall, less long-lasting, extreme heat is forecast from the Mississippi Valley to the East during most of the spring and summer," the group said. Reuters (3/13) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • Exec: Biofuels sector now focused on operational improvements
    The biofuels industry has left the era of talking about "game-changing inventions" and entered "what one might call the really hard yards" of improving operational output, BP Biofuels CEO Philip New said during a keynote address at the World Biofuels Markets. "If we have grown out of the phase of hyping step-change innovations, we are now seeing innovation in the smaller things; the incremental improvements that mean the difference between business survival and failure," New said. (3/13) LinkedInFacebookTwitterEmail this Story
  • U.K., Swedish firms team up for lignocellulosic sugar project
    U.K. petrochemical group Davy Process Technology has struck a deal with Sweden's Sekab E-Technology to develop a process for making lignocellulosic sugars that could be converted into ethanol and renewable chemicals. The partners will look at ways to improve Sekab's lignocellulosic-based process, which can be applied to a variety of feedstocks, including straw, corn residue and bagasse. (U.K.) (3/13) LinkedInFacebookTwitterEmail this Story
  • Report offers insights into bioenergy experts' views on biofuels
    The biofuels industry worldwide is at a crucial juncture in its history since it is too mature to demand increased government support but not developed enough to thrive without assistance, according to a report from Bloomberg New Energy Finance, citing experts at its 2012 Bioenergy Leadership Forum last October in London. Although the addition of new production capacity has slowed down since 2010, that should not be taken as a sign that the sector is winding down, the report stated. Meanwhile, cellulosic ethanol is considered an attractive option for investors as a global market for ethanol already exists, which can't be said for drop-in biofuels, the report noted. (3/13) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Brazil's Raizen plans a cellulosic ethanol project
    Brazil's Raizen Energia, a joint venture of Royal Dutch Shell and Cosan Industria & Commercio, will spend $101.7 million to develop a facility for converting sugarcane residue into ethanol, a company official said. The proposed facility, which will be built next to a cane mill in Piracicaba, Brazil, will have the capacity to deliver about 10.6 million gallons of ethanol annually, the official said. The plant will use technology co-developed by Shell with Canada's Iogen and U.S.-based Codexis. Bloomberg (3/13) LinkedInFacebookTwitterEmail this Story

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