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ethanol

Global Partners axes 70 jobs as it focuses on ethanol amid low oil prices

Plantations International News US-based logistics frim Global Partners LP has cut 70 jobs and aims to handle only ethanol, not crude, at its rail terminal in Oregon in response to low oil prices. The company, which owns one of the largest terminal networks of petroleum products and renewable fuels in the north east of the US, also cut its distribution for the October-December period by 33.7% compared to the previous quarter, and is evaluating all its businesses for possible disposition or reconfiguration. In a statement, Global Partners' CEO, Eric Slifka, said: "We continue to be negatively impacted by fixed costs associated [...]

EIA increases 2016 ethanol manufacturing expectation

Plantations International Information The United States Power Info Management (EIA) has actually forecasted that ethanol production will certainly average 970,000 barrels each day in both 2016 and 2017 in the US. The organization released the info in the January issue of its 'Short-Term Power Expectation'. The EIA has raised its prediction for 2016 when as compared to the 960,000 barrel each day prediction consisted of in the December Short-Term Power Overview. The January record includes EIA's very first short-term predictions for 2017. Ethanol production averaged around 964,000 barrels daily in 2013. Ethanol usage, which averaged 910,000 barrels per day last year, [...]

UK consumed more ethanol than biodiesel during second quarter

Plantations International News The U.K. Department of Energy and Climate Change has released renewable energy statistics for the second quarter of 2015, reporting liquid biofuels consumption fell by 24 percent, from 464 million liters (122.58 million gallons) during the second quarter of 2014 to 355 million liters during the second quarter of this year. The drop was mostly due to reduced biodiesel consumption. During the quarter, the DECC indicated liquid biofuels represented 3 percent of gas and diesel consumed in the transportation fuel market, down from 4 percent the same quarter of the prior year. According to the DECC, ethanol contributed [...]

USGC ethanol export programme yields $15m sales to Peru

Plantations International News The US Grains Council's ethanol export promo program has seen an early success with a United States exporter verifying considerable sales people ethanol to Peru. The 10 million gallons of ethanol, valued at greater than $ 15 million (EUR13.7 m), were sold after the United States Grains Council (USGC) led a team of Peruvian ethanol buyers and also producers to take part in the International Energy Ethanol Workshop in Minneapolis. The visitors additionally checked out ethanol production facilities and also investing business in Iowa, Illinois, and also Texas. 'The seminar and sees supplied the ethanol customers with the [...]

Green Plains to purchase Texas ethanol plant from Murphy USA

Plantations International News Green Plains and petrol retailer Murphy USA have signed a definitive agreement regarding the purchase by Green Plains of Murphy USA's ethanol production facility located in Hereford, Texas. Under the terms of the agreement, Green Plains will acquire Hereford Renewable Energy for approximately $ 93.8 million (€85 million), subject to customary closing adjustments. The transaction value includes $ 78.5 million for the ethanol production facility with the balance for working capital. The transaction is expected to close this month subject to customary closing conditions and regulatory approvals. The facility is a Lurgi-designed, ICM-modified ethanol plant with approximately 100 [...]

Globe” s largest cellulosic ethanol plant formally opened up in Iowa

Plantations International News DuPont has commemorated the position of its cellulosic biofuel home in Nevada, Iowa, US with a ceremony attended by the state's governor Terry Brandstad as well as various other dignitaries. With the ability to create 30 mgy of tidy fuel that supplies a 90 % decrease in greenhouse gas discharges compared to gasoline, this biorefinery is the globe's largest cellulosic ethanol plant. The raw material made use of to make the ethanol is corn stover-- the stalks, leaves and cobs left in an area after produce. The establishment will certainly show at industrial range that non-food feedstocks from [...]

Environment-friendly Plains acquires Hopewell ethanol plant

Plantations International News In the United States, Green Plains has actually obtained an ethanol production facility located in Hopewell, Virginia, from FutureFuels. Operating at complete storage capacity, Green Plains states the dry mill ethanol plant will certainly boost its annual production capability by around 60 million gallons to almost 1.1 billion gallons per year. 'We are positive in our capability to considerably enhance the plant's manufacturing economics by applying our operational and also business competence,' claims Todd Becker, president and also Chief Executive Officer. 'We intend to create a number of capital expense prior to rebooting the plant to boost its [...]

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