The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled.
North Dakota State University is providing a three-day course on risk management to members of the corn ethanol industry June 16 to 18 in Fargo.
The training will take place in NDSU's commodity trading room, which is in Barry Hall at 811 2nd Avenue N.
NEW YORK - In a long-running battle between oil refiners and the U.S. farm lobby over the future of ethanol fuel, biofuel producers may have just made a small, but important dent in big oil's formidable defenses.
NEW YORK - U.S. government delays in rolling out renewable fuels policy have stymied some $13.7 billion in investments and have prevented advanced biofuels companies from meeting mandated target volumes, according to an industry group analysis.
Green Plains Inc sees U.S. ethanol retaining its export advantage over Brazil in 2015 and into the beginning of 2016, even as exports from the United States have slowed this quarter, the company's chief said on a conference call on Wednesday.
While the mainstream ethanol advocates are pushing toward E15, some want much more.
Orrie Swayze, a Wilmot, S.D., semi-farmer and former South Dakota Corn Growers Association president, says the Environmental Protection Agency shift toward E15 would be a “zero growth proposition,” and should only be a step toward a goal of E30.
Jeff Broin says if farmers want corn prices back at a profitable level, they need to get involved in politics and get engaged to keep the ethanol industry strong.
At age 49, Broin is the executive chairman and founder of Poet LLC, a company that operates 27 ethanol plants across seven states, producing an estimated 1.7 billion gallons of ethanol a year.
Growth Energy, the organization of ethanol plant builders and operators, supports granting trade promotion authority to President Barack Obama so the administration can complete the Trans-Pacific Partnership agreement and work on the Trans-Atlantic Trade and Investment Partnership, Growth Energy CEO Tom Buis said.
Thirty-four U.S. lawmakers introduced a bill that seeks to end ethanol fuel-blending mandates. The legislators want to eliminate requirements for corn-based ethanol blending and cap blending levels for other biofuels at actual production levels.
The Central MN Ethanol Co-op in Little Falls, Minn., has been purchased by Green Biologics Inc., which plans to convert the 21-million-gallon-per-year plant to produce renewable normal butanol, also known as n-butanol, and acetone.
The plant will continue to produce ethanol for the time being, with n-butanol and acetone production beginning in 2016. Its current management and employees will remain.
U.S. ethanol production is likely to continue at a record rate despite its rare premium to gasoline as cheap corn, high biofuel prices and even cool weather provide ideal conditions and strong profit margins.
A $1 million rural development loan from the U.S. Department of Agriculture to Northern Plains Electric Cooperative will help finance the Dakota Spirit AgEnergy ethanol plant under construction in Spiritwood, according to JoAnn Rodenbiker, director of business development for the cooperative.
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