November 17, 2010
Volume: XXII
Issue: 45
Feature
RINs, Biodiesel Handling Addressed at REG Workshop
EBN Skip Week Nov. 24; Resumes Dec. 1
Prices & Markets
Report Blend Values
Report Spreads
Report Margins
Report Equities
Biodiesel B-100
Butanes/Natural Gas
Co-Products
Grains
Oxygenates
Rack Ethanol
Retail E-85 National Assessment
Spot Gasoline
Futures Corn
Futures Ethanol
Futures Soybeans
USDA: Corn, Soybean Production Down in November
U.S. Spot Ethanol: Declines Across Market
Ethanol Equities: ADM, ANDE Down; BG Up
Weekly U.S. Fuel Ethanol Inventories and Production
Renewable Identification Numbers
NYMEX Crude Oil/Refined Product Futures
NYMEX No. 11 Sugar Futures
Brazilian Anhydrous/Hydrous Ethanol Prices
U.S. Cash Corn and Soybean Prices
Monthly U.S. Ethanol Inventory/Production Numbers and Ratio
U.S. Renewable Diesel Inventory
Legislation & Politics
Lawsuits Challenge E15 Waiver, Ethanol Industry Responds
NPRA: EPA E15 Misfueling Regulations Won’t Protect Consumers
U.S. House Begins Taking Shape for 2011
EPA Issues Pollution Permitting Guidance for States
IEA: Eliminating Fossil-Fuel Subsidies Would Slash GHG Emissions
Technology Updates
MSU Researchers Find Baking Soda Boosts Algal Oil Production
Altranex, Brown Univ. to Collaborate on Biofuels Processing Tech
Industry & Facility News
DOE Selects Fulcrum BioEnergy Project to Advance to Final Stages of Loan Guarantee
ICM to Retrofit Hereford Renewable Energy Ethanol Plant
BlueFire Receives Final Permits for Fulton Cellulosic Ethanol Plant
Celanese Corp. to Build Ethanol Plants in China, U.S.
Gevo’s Isobutanol Secures EPA Registration
Butamax Advanced Biofuels Progresses Plans to Bring Biobutanol to Market
DDCE, Genera Energy Host Tours of Biorefinery, Biomass Innovation Park, Switchgrass Field in Knoxville
UCD Forecast Warns Oil Will Run Out Before Substitutes Ready
Top Navy Energy Management Official Calls for Collaboration to Address Energy Challenges
Covanta Announces Public Offering of Senior Notes
IEA: Oil Demand to Rise 1.2 Million b/d in 2011; China Gasoil Surges
Aventine Reports Q3 Results, Adds New Chief Accounting/Compliance Officer
BioFuel Energy Posts Q3 2010 Loss of US$1.8 Million
Pacific Ethanol Reports Q3 2010 Results, Enters New Marketing Agreement
Syntroleum Posts Q3 2010 Loss
Tesoro 3Q 2010 Profits Rise on Diesel Rebound
Verenium Reports Third Quarter 2010 Results
International Developments
Petrobras and Five Other Companies Form Ethanol Partnership
Brazilian Ethanol Demand Will Require US$50 Billion Investment by 2015, Official Says
Neste Starts Up Renewable Diesel Plant in Singapore
First Argus-Based European Ethanol Swap Traded
GreenGold Ray Energies to Benefit from Increased Biodiesel Demand in Europe, Forecasts Revenues
SG Biofuels, Bunge Form Strategic Alliance
CanNor Announces Additional Funds for NWT Capital
AFA Seeks Additional Land for Biodiesel Production in Costa Rica
Russia Could Produce Biofuel from Sawdust to Fuel Airplanes
Philippines DOE Weighs Baseline on Ethanol Importation
Solazyme, Roquette to Create Global Nutritional JV
Solena Inks Bio-Jet Fuel Deal With Rentech
PetroAlgae, Sky Airline Team to Bring Renewable Jet Fuel to Chile
Enerkem Adds Two New Execs
Greens: EU Biofuels Mandate Will ‘Make Climate Change Worse’

Legislation & Politics

Lawsuits Challenge E15 Waiver, Ethanol Industry Responds

On November 9, the American Petroleum Institute and a coalition of farm and food groups both filed lawsuits with the Court of Appeals for the D.C. Circuit challenging the U.S. Environmental Protection Agency’s (EPA) E15 waiver decision from October 13.

Full Story >>

NPRA: EPA E15 Misfueling Regulations Won’t Protect Consumers

The National Petrochemical & Refiners Association reported November 16 that Gregory M. Scott, executive vice president and general counsel of NPRA testified at a U.S. Environmental Protection Agency (EPA) public hearing Tuesday that proposed EPA regulations designed to prevent misfueling with gasoline containing 15% ethanol will fail to protect consumers.

Full Story >>

U.S. House Begins Taking Shape for 2011

The November 2 midterm elections saw Republicans storm back into power in the U.S. House of Representatives and reduce the Democratic majority in the U.S. Senate – altering the direction of several legislative issues through the appointment of new leadership in House committees – and making it more difficult for the Democrats to gain the 60 votes needed for cloture.

Full Story >>

EPA Issues Pollution Permitting Guidance for States

The U.S. Environmental Protection Agency announced November 10 that a series of resources are now available to guide state and local air-permitting authorities to identify cost-effective, pollution-reduction options for greenhouse gases under the Clean Air Act.

Full Story >>

IEA: Eliminating Fossil-Fuel Subsidies Would Slash GHG Emissions

Removing subsidies that favor fossil-fuel consumption would “make a big contribution” to cutting the growth of greenhouse gas (GHG) emissions while also helping countries meet energy security goals, according to the latest International Energy Agency (IEA) “World Energy Outlook 2010” report.

Full Story >>

Technology Updates

MSU Researchers Find Baking Soda Boosts Algal Oil Production

Researchers at Montana State University (MSU) researchers have discovered that baking soda can dramatically increase algae’s production of the key oil precursors for biodiesel, the school’s news service reported November 12.

Full Story >>

Altranex, Brown Univ. to Collaborate on Biofuels Processing Tech

Earlier this month, Altranex Energy and Brown University announced that the two organizations are collaborating on the development of process technology to produce Green Kero – an advanced biodiesel fuel targeting cold climates.

Full Story >>

Feature

RINs, Biodiesel Handling Addressed at REG Workshop

A free, one-day workshop recently hosted by Intertek and Renewable Energy Group featured several speakers addressing key issues related to handling biodiesel fuel and complying with the Renewable Fuel Standard (RFS2).
Full Story >>

EBN Skip Week Nov. 24; Resumes Dec. 1

Ethanol & Biofuels News will not be published the week of November 24 because of the Thanksgiving holiday in the United States. Regular publication will resume the week of December 1.
Full Story >>

Prices & Markets

Report Blend Values

Full Story >>

Report Spreads

Full Story >>

Report Margins

Full Story >>

Report Equities

Full Story >>

Biodiesel B-100

Full Story >>

Butanes/Natural Gas

Full Story >>

Co-Products

Full Story >>

Grains

Full Story >>

Oxygenates

Full Story >>

Rack Ethanol

Full Story >>

Retail E-85 National Assessment

Full Story >>

Spot Gasoline

Full Story >>

Futures Corn

Full Story >>

Futures Ethanol

Full Story >>

Futures Soybeans

Full Story >>

USDA: Corn, Soybean Production Down in November

The U.S. Department of Agriculture (USDA) on November 9 released its monthly crop reports, in which the agency reported that both corn and soybean production in November was down from the October forecast.

Full Story >>

U.S. Spot Ethanol: Declines Across Market

The U.S. spot ethanol market plunged the week ending November 12.

Full Story >>

Ethanol Equities: ADM, ANDE Down; BG Up

Archer Daniels Midland (ADM) and The Andersons (ANDE) fell again the week ending November 12, while Bunge Ltd. (BG) moved a bit higher for the second consecutive week.

Full Story >>

Weekly U.S. Fuel Ethanol Inventories and Production

U.S. fuel ethanol inventories fell the week ending November 12, while production was higher.

Full Story >>

Renewable Identification Numbers

Ethanol RINs were flat the week ending November 12, while biodiesel RINs were slightly higher.

Full Story >>

NYMEX Crude Oil/Refined Product Futures

NYMEX crude oil dropped the week ending November 12, while refined product futures were mixed.

Full Story >>

NYMEX No. 11 Sugar Futures

NYMEX No. 11 sugar futures plunged the week ending November 12.

Full Story >>

Brazilian Anhydrous/Hydrous Ethanol Prices

The price of Brazilian anhydrous ethanol slipped the week ending November 12, while the price of hydrous ethanol was flat.

Full Story >>

U.S. Cash Corn and Soybean Prices

U.S. cash corn and soybean prices dropped the week ending November 12.

Full Story >>

Monthly U.S. Ethanol Inventory/Production Numbers and Ratio

Monthly U.S. ethanol production was higher in August 2010, while inventories (stocks) dropped.

Full Story >>

U.S. Renewable Diesel Inventory

U.S. renewable diesel inventory (stocks) figures declined in August 2010.

Full Story >>

International Developments

Petrobras and Five Other Companies Form Ethanol Partnership

Petrobras officials November 12 announced they have formed a partnership and a private company with five companies to develop, build and operate a multimodal logistics system to transport and store ethanol.

Full Story >>

Brazilian Ethanol Demand Will Require US$50 Billion Investment by 2015, Official Says

With ethanol demand in Brazil expected at reach 60 billion liters in the next five or six years, the country will need to secure investments totaling at least US$50 billion to keep pace, an ethanol company executive said recently.

Full Story >>

Neste Starts Up Renewable Diesel Plant in Singapore

Neste Oil announced November 15 that it has begun to ramp up production of NExBTL renewable diesel fuel at a new plant in Singapore.

Full Story >>

First Argus-Based European Ethanol Swap Traded

International energy price reporting firm Argus Media Ltd. said the first Argus-based European ethanol swap was traded on November 9.

Full Story >>

GreenGold Ray Energies to Benefit from Increased Biodiesel Demand in Europe, Forecasts Revenues

GreenGold Ray Energies announced November 11 that the company will speed up its land acquisition process because of the European Union’s increased target to have 10% of fuel sold at fuel pumps be biodiesel by 2020.

Full Story >>

SG Biofuels, Bunge Form Strategic Alliance

Bioenergy crop company SG Biofuels announced November 10 that it has established a strategic partnership with Bunge North America, the North American operating arm of Bunge Ltd., to research and develop a model to process jatropha seeds into a biofuel feedstock.

Full Story >>

CanNor Announces Additional Funds for NWT Capital

The Canadian Northern Economic Development Agency (CanNor) announced November 9 that investments totaling Cdn$406,900 – involving four separate projects – will support further research into alternative energy sources in the Northwest Territories’ (NWT) capital city of Yellowknife.

Full Story >>

AFA Seeks Additional Land for Biodiesel Production in Costa Rica

Alternative Fuels Americas, Inc. (AFA), a Florida-based farm-to-fuels biodiesel company, announced November 9 that it has secured an option on an additional 200 hectares (494 acres) of land in Costa Rica.

Full Story >>

Russia Could Produce Biofuel from Sawdust to Fuel Airplanes

Russia could begin producing biofuel from sawdust to power aircraft, a federal transportation official said November 16.

Full Story >>

Philippines DOE Weighs Baseline on Ethanol Importation

Philippines Department of Energy (DOE) Director Mario Marasigan said November 8 that a baseline for ethanol importation has not yet been determined.

Full Story >>

Solazyme, Roquette to Create Global Nutritional JV

Solazyme, Inc. and Roquette Frères, the global starch and starch-derivatives company headquartered in France, announced November 8 that they have signed a joint venture (JV) agreement for the production, commercialization and market development of microalgae-derived food ingredients, subject to regulatory approvals and notifications.

Full Story >>

Solena Inks Bio-Jet Fuel Deal With Rentech

Washington, D.C.-based Solena Group announced November 9 that it signed a Fischer-Tropsch technology agreement with Rentech for a proposed synthetic bio-jet fuel project in the United Kingdom.

Full Story >>

PetroAlgae, Sky Airline Team to Bring Renewable Jet Fuel to Chile

PetroAlgae Inc. on November 11 announced it has entered into a non-binding offtake supply agreement with Sky Airline, a leading Chilean airline providing passenger, mail and cargo air transportation services.

Full Story >>

Enerkem Adds Two New Execs

Enerkem on November 16 announced the appointment of Dirk E. Andreas as senior vice president of Business Development, North America, and the promotion of Patrice Ouimet, the company’s chief financial officer, to senior vice president and chief financial officer.

Full Story >>

Greens: EU Biofuels Mandate Will ‘Make Climate Change Worse’

A new study by the Institute for European Environmental Policy (IEEP) finds that the European Union (EU) 10% biofuel mandate by 2020 will make climate change worse and wrongly convert 69,000 square kilometers of land to biofuel feedstock production.

Full Story >>

Industry & Facility News

DOE Selects Fulcrum BioEnergy Project to Advance to Final Stages of Loan Guarantee

Fulcrum BioEnergy, Inc. announced November 16 that the U.S. Department of Energy (DOE) has selected Fulcrum’s Sierra BioFuels Plant to enter the final phase of DOE’s Loan Guarantee Program.

Full Story >>

ICM to Retrofit Hereford Renewable Energy Ethanol Plant

ICM, Inc. announced November 15 that it has signed a contract with Hereford Renewable Energy, LLC, a subsidiary of Murphy Oil USA, Inc., to retrofit an ethanol plant located near Hereford, Texas.

Full Story >>

BlueFire Receives Final Permits for Fulton Cellulosic Ethanol Plant

BlueFire Renewables, Inc. on November 10 announced that it has received all permits to allow start of construction of its first commercial project in Fulton, Miss.

Full Story >>

Celanese Corp. to Build Ethanol Plants in China, U.S.

Technology and specialty-materials company, Celanese Corporation, November 10 announced that it intends to construct one, and possibly two, industrial ethanol complexes in China to serve the fast-growing Asia region, as well as build a 40,000-ton ethanol plant in the U.S.

Full Story >>

Gevo’s Isobutanol Secures EPA Registration

Gevo, Inc. announced November 11 that it has received notification that its isobutanol had successfully cleared registration with the U.S. Environmental Protection Agency (EPA) as a fuel additive.

Full Story >>

Butamax Advanced Biofuels Progresses Plans to Bring Biobutanol to Market

Butamax Advanced Biofuels, LLC announced November 10 the achievement of several milestones in its plan to commercialize biobutanol for the transportation fuel market.

Full Story >>

DDCE, Genera Energy Host Tours of Biorefinery, Biomass Innovation Park, Switchgrass Field in Knoxville

More than 120 crop producers, landowners and USDA representatives will visit DuPont Danisco Cellulosic Ethanol’s (DDCE) and Genera Energy’s demonstration-scale facility in Vonore, Tenn., on November 17, as part of the Farm Foundation’s “Renewable Energy Biomass Education Field Days.”

Full Story >>

UCD Forecast Warns Oil Will Run Out Before Substitutes Ready

A new study from the University of California, Davis, has said that at the current pace of research and development, global oil will run out 90 years before replacement technologies are ready, based on stock market expectations.

Full Story >>

Top Navy Energy Management Official Calls for Collaboration to Address Energy Challenges

Government, industry and academic leaders must work together in order for the nation to meet mounting energy challenges, according to Thomas W. Hicks, deputy assistant secretary of the Navy and the keynote speaker at Eaton Corp.’s symposium, “Energy Evolution: Transforming the Future of Power,” in San Diego November 8.

Full Story >>

Covanta Announces Public Offering of Senior Notes

Waste-to-energy company Covanta Holding Corp. announced November 9 the offering of a new series of senior unsecured notes in an underwritten public offering. The coupon rate, maturity and other terms of the notes will be determined at pricing, according to Covanta.

Full Story >>

IEA: Oil Demand to Rise 1.2 Million b/d in 2011; China Gasoil Surges

Global oil demand in 2011 is expected to average 88.5 million barrels per day (b/d) next year, up 1.2 million b/d over the 87.3 million b/d demand seen in 2010, according to the latest International Energy Agency (IEA) Oil Market Report (released November 12).

Full Story >>

Aventine Reports Q3 Results, Adds New Chief Accounting/Compliance Officer

Ethanol producer Aventine Renewable Energy Holdings, Inc. on November 9 reported its third quarter 2010 financial results. About a week later, on November 15, the company also named Calvin Stewart to serve as its chief accounting and compliance officer.

Full Story >>

BioFuel Energy Posts Q3 2010 Loss of US$1.8 Million

Officials with Denver-based BioFuel Energy Corp. reported a third-quarter 2010 net loss of US$1.8 million, versus a net loss of $8.4 million for the same period in 2009.

Full Story >>

Pacific Ethanol Reports Q3 2010 Results, Enters New Marketing Agreement

Pacific Ethanol, Inc. announced November 11 that its subsidiary, Kinergy Marketing LLC, has signed an exclusive marketing agreement with AE Advanced Fuels Keyes, Inc. to sell all ethanol produced by the 55 million gallon per year ethanol production facility located in Keyes, Calif. The company also announced its third quarter 2010 financial results November 15.

Full Story >>

Syntroleum Posts Q3 2010 Loss

Oklahoma-based synthetic fuels specialist Syntroleum announced November 8 a US$4.5 million net loss for third quarter 2010, compared to a net profit of $7.1 million for Q3 2009.

Full Story >>

Tesoro 3Q 2010 Profits Rise on Diesel Rebound

Tesoro announced November 4 that third-quarter 2010 net earnings rose to US$56 million, up from $33 million in third-quarter 2009.

Full Story >>

Verenium Reports Third Quarter 2010 Results

Verenium Corp. reported November 9 a summary of recent company highlights and financial results for the third quarter of 2010. The company reported a net loss from continuing operations for the nine months ended September 30, 2010 of US$11.9 million, compared to a net loss of $5.7 million for the same period in 2009, on a GAAP accounting basis.

Full Story >>