Economist: Ethanol industry holding its own–for now

Low oil prices continue to pressure profit margins in the ethanol industry. “Times are tough—margins are definitely a lot lower,” says Matt Roberts, Extension ag economist at Ohio State University. “Depending on the characteristics of the plant and where it’s located, they’re teetering on maybe a few pennies of profit to some pretty non-trivial losses… Read more »

ADM considers selling ethanol plants

The leader of one of the world’s largest ag processors says his company is considering selling three ethanol plants because of concerns about the industry long-term. During a fourth quarter earnings conference call Tuesday, CEO Juan Luciano said Archer Daniels Midland (ADM) has brought in an advisor to help project different scenarios as it identifies… Read more »

Ethanol supporters push back against ‘false narrative’

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Ethanol supporters are pushing back against what they say is a “false narrative” regarding Senator Ted Cruz’s victory in the Iowa caucuses. Some political pundits say Cruz’s victory is a sign that the ethanol industry may be losing its political clout. But Monte Shaw, executive director of the Iowa Renewable Fuels Association, says Cruz’s showing… Read more »

RFS opponents target Senate energy bill

Attempts to modify or repeal the Renewable Fuels Standard (RFS) could be part of this week’s debate on a broad, bipartisan energy bill in the U.S. Senate. Some familiar foes of the RFS—Senators Pat Toomey of Pennsylvania, Diane Feinstein of California and Jeff Flake of Arizona—have filed an amendment that would repeal the corn ethanol… Read more »

Ethanol matters more than ever

A top political reporter in Iowa says the Renewable Fuels Standard continues to be a combustible topic among the Presidential hopefuls. Kay Henderson, news director for Brownfield’s sister network Radio Iowa, says the RFS has been one of the top ag issues talked about on the campaign trail since last May. “The Iowa Renewable Fuels… Read more »

2015 a record year for biodiesel usage

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New data from the Environmental Protection Agency (EPA) shows consumers used a record 2.1 billion gallons of biodiesel in 2015. Joe Jobe, CEO of the National Biodiesel Board (NBB), says consumers looking for alternatives find biodiesel is a high performing fuel and a cost-competitive alternative to petroleum diesel. Biodiesel, he says, “is becoming a mainstream… Read more »

Push to change biodiesel tax from blender’s to producer’s credit

The Minnesota Soybean Growers would like to see the Biodiesel Tax Credit changed from a blender’s to a producer’s credit. Under current law, blenders of biodiesel can claim a one dollar per gallon credit against their U.S. federal tax liability. In other words, state soybean director Chris Hill of Jackson County says. “Anyone who blends… Read more »

Ethanol producers feel pain of low oil price

The ethanol industry has faced many challenges over the years.  The latest is the sharp drop in the oil price, which has lowered the price that ethanol producers receive for their product. “It’s making it more challenging than it ever has in the past,” says Todd Becker, president and CEO of Omaha-based ethanol producer Green… Read more »

The world’s largest ethanol producer is getting bigger

POET says three of its biorefineries will increase ethanol production capacity by a combined 25 million gallons in 2016. POET Biorefining in Hanlontown, Iowa will increase production 6 million gallons per year. The Hudson, South Dakota facility will increase capacity by seven million gallons and POET Biorefining at Caro, Michigan will increase production from 55… Read more »

Iowa biodiesel production breaks record in 2015

The Iowa Renewable Fuels Association (IRFA) reports that biodiesel production in Iowa set a new annual record of 242 million gallons in 2015. The previous record of 230 million gallons was set in 2013. IRFA says the amount of Iowa biodiesel produced from soybean oil decreased in 2015, but remains the largest feedstock in Iowa,… Read more »