Biotechnology Innovation Organization
September 19, 2016
BY Erin Voegele
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The U.S. Grains Council’s Southeast Asia and Oceania team recently participated in two leading bioenergy conferences in the region, underscoring the pertinent role ethanol can play in emerging new-use areas for transportation decarbonization.
The U.S. exported 159.31 million gallons of ethanol and 1.06 million metric tons of distillers grains in March, according to data released by the USDA on May 2. Exports of both products were up when compared to both the previous month and March 2023.
U.S. fuel ethanol production expanded by more than 3% the week ending April 26, according to data released by the U.S. Energy Information Administration on May 1. Stocks of fuel ethanol were down 1% and exports were down 42%.
The Treasury Department and IRS on April 30 released new guidance on the SAF tax credit and announced the launch of the 40BSAF-GREET 2024 model, which incorporates a pilot-program to encourage the use of climate-smart ag practices for SAF feedstocks.
Archer Daniels Midland Co. on April 30 released first quarter financial results, reporting improved earnings for Vantage Corn Processors subsegment, which includes the company’s dry mill ethanol plants.