Ethanol Week - December 17, 2012

December 17, 2012

Company eyes hemp as feedstock for biofuel, power generation Patriot Bioenergy Corp. joined the Kentucky Hemp Growers Cooperative Association and sees value in industrial hemp for biomass blending with bituminous coal for power generation as well as a possible cellulosic feedstock for biofuels. READ MORE SHARE
NCGA offers ethanol facts resource, designed for mobile platform The National Corn Growers Association has launched a new web-based resource, www.EthanolFacts.com. The home page of EthanolFacts offers links to short articles on hot topics in ethanol circles: flex-fuel vehicles, food and fuel, and many others. READ MORE SHARE
	EIA: Ethanol production expected to rebound in 2013 The U.S. Energy Information Administration has released its December Short Term Energy Outlook, showing that ethanol production is expected to remain near current levels through mid-2013, but will return to pre-drought levels by the end of the year. READ MORE SHARE
BP Biofuels to expand ethanol production in Brazil BP Biofuels has announced that it plans to invest $350 million to expand its ethanol processing capacity of Tropical, one of its sugarcane processing ventures in Brazil. The expansion is scheduled to start next year. READ MORE SHARE
Propel Fuels secures funding to expedite expansion Propel Fuels has closed on the initial phase of its Series D round of funding with $11 million in equity capital from existing investors and $10 million in debt financing from CapX Partners. The funding will allow Propel to accelerate expansion. READ MORE SHARE
Flint Hills acquires Nebraska ethanol plant, now owns five total Flint Hills Resources LLC announced Dec. 7 that it finalized the acquisition of a 115 MMgy Fairmont, Neb., ethanol plant, formerly owned by Advanced BioEnergy LLC. The purchase brings Flint Hills total production capacity to 550 MMgy. READ MORE SHARE
Oregon to implement phase one of Clean Fuels Program On Dec. 7, the Oregon Environmental Quality Commission elected to begin implementation of the state's Clean Fuels Program. A spokeswoman for the Oregon DEQ confirmed the commission voted four to one to implement the proposed rules for phase one. READ MORE SHARE
EU anti-subsidy case terminated, anti-dumping case ongoing The EU announced it will not oppose a European Commission decision to terminate the anti-subsidy proceeding concerning imports of U.S. ethanol and to terminate the registration of U.S. ethanol importers. An anti-dumping investigation is ongoing. READ MORE SHARE
Kansas fed economist says markets, not mandates, drive ethanol Markets shape ethanol production, Nathan Kauffman, an economist with the Federal Reserve Bank of Kansas City, argues in the most recent issue of the Main Street Economist. The analysis addresses mandates, the blend wall, and waiver requests. READ MORE SHARE
Partnership produces ethanol from sweet sorghum in Kentucky Delta BioRenewables LLC has announced that its collaboration partner Commonwealth Agri-Energy LLC has successfully produced ethanol from sweet sorghum sugars at its corn ethanol facility in Hopkinsville, Ky. using Ceres Inc.'s sweet sorghum hybrid. READ MORE SHARE
WASDE: US crop unchanged, global corn supplies increase The USDA made no changes to its supply and demand projections for coarse grains in the U.S., including corn, in this month's supply/demand report, shifting its focus to global projections that indicate the global supply will be up by 7 million tons. READ MORE SHARE
Ethanol imported as advanced biofuel competes with biodiesel Ethanol imports from Brazil have surged into the U.S. in recent months, University of Illinois ag economists Scott Irwin and Darrel Good point out, but not because it is cheap relative to ethanol. READ MORE SHARE
Verenium announces $22.5 million, five-year secured financing Verenium Corp., an industrial biotechnology company focused on the development and commercialization of high-performance enzymes, announced on Dec. 10 the signing of a $22.5 million secured debt financing with Athyrium Opportunities Fund. READ MORE SHARE