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Poet confirms planned Obama visit to MaconThe rumors are true. President Barack Obama will visit POET Biorefining in Macon, Mo. The April 28 tour of the ethanol plant is part of his White House to Main Street Tour” through Missouri, Iowa and Illinois. MORECME launches DDG futures contractsCME Group is offering a new Distillers Dried Grain (DDG) agricultural commodity futures contract. Trading began April 26 exclusively on CME Globex, the CME Group electronic trading platform. MORE Senators push VEETC extensionAlmost a month after Reps. Earl Pomeroy, D-N.D., and John Shimkus, R-Ill., presented legislation to extend ethanol tax credits and the ethanol tariff, Sens. Kent Conrad, D-N.D., and Chuck Grassley, R-Iowa have proposed a Senate version of the ethanol tax credit extension. Like the House bill, Conrad and Grassley’s companion bill to HR 4940, the “Renewable Fuels Reinvestment Act,” proposes an extension of the credits through 2015. MOREZeaChem a step closer to its ethanol goalZeaChem Inc. has reached another milestone on the way to producing cellulosic ethanol. The Lakewood, Colo., based business announced that it has successfully produced commercial grade ethyl acetate—the final step necessary in proving its biorefining technology. MOREPoet aims high with cellulosic ethanolAlready one of the top ethanol producers of traditional corn ethanol, Poet plans to add 3.5 billion gallons of cellulosic ethanol by 2022, said Jeff Broin, CEO, on April 21 at the National Press Club in Washington, D.C. That¡¯s more than 20 percent of the cellulosic ethanol mandated by the Renewable Fuels Standard. MOREN.D. Ethanol Council starts check-off programThe North Dakota Ethanol Council (NDEC) has established a new ‘check-off’ program, reserving a portion of the state’s ethanol production profits for future ethanol promotion. For every gallon of ethanol produced or sold in the state, three one-hundredths of one cent will be put towards research, education programs, promotion and market development for the industry. The Council projects an annual budget equaling $100,000. MOREGreen Plains adds Tennessee grain elevatorsGreen Plains Renewable Energy Inc. has completed the acquisition process of five grain elevators located in west Tennessee—increasing its grain storage capacity by 63 percent. Green Plains is the fourth largest ethanol producer in the U.S., operating six ethanol plants with a combined capacity of 480 MMgy. MOREVerenium lands another $4.9 million from DOEVerenium Corp. has been awarded an additional $4.9 million from the U.S. DOE to fund ongoing activities at its demonstration-scale facility in Jennings, La. MORE |
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