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Tag Archives Ethanol fuel

Grain Markets, Oilseeds

Soy Hits Six-Month High, Canola Doesn’t Follow

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For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at the ICE Canada futures market closed the week ended April 17 mixed with canola moderately higher in the face of sharp gains in the U. S. soy complex. Commercial demand lifted the market with
News

Expanded Alta. Ethanol Plant Gets $23M

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Afederal program to boost Canadian biofuel production will put up $23.2 million to back processor Permolex’s facility at Red Deer, Alta. The investment, announced April 8 in Red Deer by the federal Natural Resources Department, flows through the ecoEnergy for Biofuels Initiative, a nine-year, $1.5 billion “operating incentive” fund launched in 2007. The Permolex facility,
News

Biofuels Largest Market For Southern Africa Farming

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Biofuels offer the biggest and most secure market for agriculture in southern Africa and could help ease the region’s electricity woes in the future, a biofuels conference heard March 31. Erhard Seilar, chief executive of the Southern African Biofuels Association, said the region’s farming sector stood to gain most from the growth of the fledgling
News

Ethanol Mandate May Not Boost Corn

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The Obama administration’s call March 10 for an increase in the amount of ethanol to be used in gasoline in the United States is a positive sign for corn growers but it probably will not boost seedings or corn prices this year. “It’s pretty good news for corn growers and will at least keep farmers
Opinion

Big Oil Invests In Ethanol

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If it’s even partly true that you’re known by the company you keep, then the farmer-loved ethanol business got a lot less lovable Feb. 8 when Valero Energy Corp., the largest crude oil refiner in North America, announced its intent to purchase five of the choicest plants owned by mega-biofuel maker, mega-bankrupt VeraSun Energy. Should
News

U. S. Oil Refiner Buys Into Ethanol

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Oil refiner Valero Energy beat out Archer Daniels Midland in buying bankrupt VeraSun Energy Corp.’s ethanol plants because ADM was only interested in buying the entire company, a lawyer for VeraSun said March 18. VeraSun announced March 17 that Valero, the largest U. S. oil refiner, had won an auction to buy seven of its
News, Oilseeds

Food/Fuel Debate May Come Off Back Burner

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“But it (biofuel) is still a very significant demand source for the feed grains and… it is likely to increase with the U. S. government looking to increase their ethanol-blending mandates” – DOUG WHITEHEAD, COMMODITY ANALYST The steep drop in energy prices from last year’s peaks has cooled the food-versus-fuel debate for the moment, but
News

More U. S. Ethanol Companies In Financial Trouble

Corn ethanol maker Aventine Renewable Energy Holdings Inc. said March 16 it was in default on some its debt payments and may need to seek Chapter 11 bankruptcy protection. The company said it was seeking to raise capital, “including seeking additional debt and equity financing and a potential sale of all or part of the
News

Finding The Right Crop For Cellulosic Ethanol

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“We need to create a plantation crop to meet our needs.” -MAURICE HLADIK The eventual raw material requirements of cellulosic ethanol production could exceed the available supplies of straw and stover, an industry expert told the Canadian Federation of Agriculture recently. “Straw and stover can’t do it all,” Maurice Hladik, former director of marketing for
News

Trade Group Asks EPA For Higher Ethanol Blend Rate

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An ethanol trade group submitted a formal request to the U. S. Environmental Protection Agency March 6 to boost the allowed ethanol-to-gasoline blend rate as high as 15 per cent from the current cap of 10 per cent. The higher blend rate would create a bigger market for ethanol, spurring production of the alternative fuel

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