Only 23 miles of State Highway 121 separates Fort Worth, where the National Biodiesel Board held its annual conference in January, and Grapevine, where the National Ethanol Conference set up shop last week. But the two industries couldn’t be further apart when it comes to their perspectives for the immediate future.
Posts Tagged ‘ethanol’
By Herman Wang | February 24, 2015 12:01 PM Comments (0)
Attendees of the National Ethanol Conference in suburban Dallas last week who were hoping to hear, at long last, what biofuels volumes the US Environmental Protection Agency would require in the overdue 2014 and 2015 Renewable Fuel Standards likely left disappointed.
By Jordan Godwin | February 23, 2015 01:27 PM Comments (0)
Come for the ethanol, stay for the conversation.
The Renewable Fuels Association’s 20th annual National Ethanol Conference was jam-packed with fascinating discussions over issues and obstacles the US ethanol industry faced in 2014 and is expecting in 2015, including whether it’s possible to top a record for exports.
By Tim Worledge | February 19, 2015 06:33 PM Comments (0)
For those ethanol producers outside of the US, the subtitle of the Renewable Fuels Association’s National Ethanol Conference — “Going Global” — is likely to unleash ripples of unease across their industry. Far from reeling from a perceived loss of support in the face of government hesitation and collapsing crude oil prices, the US ethanol sector is enjoying an upbeat gathering deep in the heart of Texas.
By Jonathan Kingsman | February 9, 2015 03:57 PM Comments (0)
Guest blogger Jonathan Kingsman is the founder of Kingsman SA, which is now a unit of Platts, and he remains a Platts consultant.
The monthly Food Price Index of the UN Food and Agriculture Organisation (FAO) averaged 182.7 points in January 2015, down 1.9 per cent from its value a month earlier. The Index had already fallen nearly 10 per cent in the twelve months up to December 2014 and is now off nearly a quarter from its peak of 240.1 registered in February 2011. The Index has returned to levels last seen in August 2010. Except for a short-lived respite last October, the FAO Food Price Index has been falling every month since April 2014.
Last month’s decline was largely driven by a 7 per cent decline in wheat prices, something the FAO says is “confirmation of an ample supply situation this season and stronger likelihood of inventories reaching their highest level in over a decade.” At its current value, the FAO Cereal Price Index has fallen to its lowest since July 2010 and is now more than a third below its peak reached in June 2008.
By Jordan Godwin | December 5, 2014 12:19 PM Comments (1)
Earlier this year, I jokingly asked an ethanol trader if he thought the US would hit one million barrels of ethanol production per day anytime soon.
“No way,” he said. “That’s light-years away.”
And in many ways, it did seem like an impossibility at the time.
By Jordan Godwin | October 17, 2014 04:10 PM Comments (3)
Don’t look now, but the ethanol blendwall is back.
That 10% cap of how much ethanol can be blended into the US gasoline pool was a fiery issue in the Big Oil vs. Big Farm battle in 2013.
And believe it or not, the number has quietly but quickly crept back up into dangerous territory.
By Jordan Godwin | August 8, 2014 12:01 AM Comments (2)
The increasingly stagnant US ethanol market is getting downright weird. Remember the first four months of 2014 when wild volatility was rampant and almost expected in the market?
With the benchmark Platts Chicago Argo ethanol assessment, we hit a 2014 low of $1.78/gal one quiet January day. Throw some ice and railroad logistics issues into the mix, and that price more than doubled in a matter of two months, hitting an eight-year high of $3.76/gal on March 31.
That seems like such a long time ago now.
By Herman Wang | July 22, 2014 12:01 AM Comments (0)
Conventional political wisdom has held that given Iowa’s importance in US presidential contests as host of the first-in-the-nation nominating caucuses, the Renewable Fuel Standard is pretty much unassailable.
The federal biofuels mandate enjoys immense bipartisan support in the state, where corn is king.
Candidates hoping to curry favor with state voters would need to wholeheartedly endorse the RFS or at least pay lip service to the law while campaigning there. Iowa, after all, leads the nation in biofuels production, with 41 ethanol plants in the state, along with 18 biodiesel facilities.
But, if RFS opponents are to be believed, the political landscape could be changing.
By John Kingston | June 26, 2014 12:01 AM Comments (1)
Here are a few observations after two days in Sacramento — and on the phone — talking about the California Low Carbon Fuel Standard and the arrival of the state’s cap-and-trade law into the fuels market on New Year’s Day 2015.