Dinneen: Big Oil makes "bankrupt" arguments at House committee hearing | Dec. crude oil gains as corn falls | EIA: Ethanol production up by 2.6% last week
 
November 6, 2015
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Dinneen: Big Oil makes "bankrupt" arguments at House committee hearing
The oil industry purported its usual "bankrupt" claims about the Renewable Fuel Standard at Tuesday's House Science Committee hearing on the program, according to Bob Dinneen, Renewable Fuels Association president and CEO. "[Lawmakers from oil patch states] were sort of regurgitating the same old Big Oil talking points, but frankly, I don't think they resonated." Dinneen also claimed inaccuracies in arguments made during the hearing regarding ethanol's supposed effect on food prices and gasoline prices. WNAX-AM (Yankton, S.D.) (11/5)
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Market Update
Dec. crude oil gains as corn falls
December crude oil increased by 15 cents to finish at $45.35 a barrel on the New York Mercantile Exchange on Thursday. Meanwhile, December corn lost 1.6% to finish at $3.745 a bushel on the Chicago Board of Trade. The Wall Street Journal (tiered subscription model) (11/5), Reuters (11/5)
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EIA: Ethanol production up by 2.6% last week
Ethanol production levels reached a three-month high last week, measuring at an average of 969,000 barrels per day, according to Energy Information Agency data. Ethanol production gained 2.6% for the week, the EIA said. BiofuelsDigest.com (11/4)
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Ind. corn official pleased with federal BIP grants
Agriculture Department grants under the Biofuels Infrastructure Partnership will benefit Indiana's ethanol industry, said Denny Maple, Indiana Corn Marketing Council president. The council itself "has had a grant program in place since 2011 to help with the cost of putting pumps in," Maple said. "To this date we've put in 17 flex fuel pumps with three more going in." Maple estimated that approximately 30% of Indiana's corn crop is used for ethanol production. Brownfield (11/5)
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US ethanol exports increased in 2015, Pacific Ethanol says
Pacific Ethanol has estimated the nation's ethanol exports at about 900 million gallons for 2015, an increase from last year's figure of approximately 850 million gallons. "We see continued strength and even growth in exports," said Neil Koehler, Pacific Ethanol president and CEO. Reuters (11/5)
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Green Plains, Delek to build Ark. ethanol train terminal
Green Plains Renewable Energy and Delek have paired to build a $12 million ethanol train terminal on an Arkansas Union Pacific Railroad line, according to a news release. The Maumelle, Ark., project is expected to be finished before the end of 2016, with the capacity needed to handle as many as 110 car unit trains per 24 hours. The terminal will also be able to store about 4.2 million gallons of ethanol. Arkansas Business (11/5)
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Andersons eyes increased capacity at Mich. ethanol plant
Michael Anderson, chairman and CEO of The Andersons, believes the company could double capacity at its Albion, Mich., ethanol plant following the facility's approval for efficient producer status by the Environmental Protection Agency. The plant has a current annual capacity of 55 million gallons. Reuters (11/5)
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Technology & Trends
CHS biodiesel plant completed in Ill.
A CHS biodiesel plant in Annawan, Ill., has been completed and is operational, according to Jatrodiesel, which designed and built the plant. The biodiesel plant is co-located with the Patriot Renewable Fuels ethanol plant, which is also owned by CHS. The biodiesel plant uses Jatrodiesel's Super technology, allowing the company to trim what would be 10 steps in normal biodiesel processing to just three or four steps, said Raj Mosali, Jatrodiesel president and CEO. BiodieselMagazine.com (11/5)
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Policy Watch
Poll: Rural Midwestern voters more likely to support pro-RFS candidates
Rural voters in the Midwest are more likely to cast votes for candidates who support the Renewable Fuel Standard, according to a National Farmers Union poll. "We want the president to understand that this is not only the right policy for the environment but also will do damage to his party," Roger Johnson, NFU president, said of the need for President Barack Obama to get the Renewable Fuel Standard back on track. "Almost all of us in agriculture have been strong supporters of the RFS. If the president makes the wrong decision he is likely going to do an awful lot of damage to his candidates." EthanolProducer.com (11/5)
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Global Agenda
Wet weather impairs Brazilian cane crush
Rain has fallen nearly every single day in the Ribeirao Preto region, making it difficult for sugar cane producers in Brazil to make progress with the cane crush. "I haven't crushed a single ton of cane so far this month," said Antonio Eduardo Tonielo Filho, Viralcool general manager. Group Alto Alegre commercial director Luiz Gustavo Junqueira Figueiredo said that the weather will continue to reduce the cane crush. "We had 16 million ton of cane to crush this year, but we will finish the crop processing only between 15 and 15.5 million tons," he said. Agweek (11/5)
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RFA & Member News
Former Shell exec John Hofmeister to keynote NEC
John Hofmeister, the founder and CEO of Citizens for Affordable Energy, will deliver the keynote address at the 21st annual National Ethanol Conference. Hofmeister is the former president of the Shell Oil Company and the author of the book "Why We Hate the Oil Companies: Straight Talk from an Energy Insider." He also serves on the boards of Fuel Freedom Foundation, the National Energy Security Council, the Foreign Policy Association, Strategic Partners and the Gas Technology Institute. The National Ethanol Conference will be held Feb. 15 to 17, 2016, in New Orleans. Visit the conference website for more information.
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SmartQuote
Out of clutter, find simplicity."
-- Albert Einstein,
theoretical physicist
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