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Latest Ethanol fuel in the United States Stories

2012-03-01 15:15:00

DENVER, March 1, 2012 /PRNewswire/ -- BIOFUEL ENERGY CORP. (NASDAQ:BIOF), an ethanol production company, today announced that, for the quarter ended December 31, 2011, it generated $4.5 million of net income on revenues of $164.0 million, compared with a net loss of $1.1 million on revenues of $141.4 million in the year-ago quarter. For the year ended December 31, 2011, the net loss was $10.4 million on revenues of $653.1 million, compared with a net loss of $25.2 million on revenues of...

2012-03-01 11:25:00

NEW YORK, March 1, 2012 /PRNewswire/ -- A new report from Rabobank's global Food & Agribusiness Research and Advisory department on the future of ethanol provides a look at recent developments and current situations in both the Brazilian and United States markets, and perspectives for 2012 and beyond. Current Landscape In the report, Rabobank points out that the beginning of 2012 has seen significant changes in U.S. ethanol policy. The VEETC blending credit and a tax on ethanol imports...

2012-02-13 10:54:00

SAINT PAUL, Minn., Feb. 13, 2012 /PRNewswire-USNewswire/ -- While gasoline consumption in Minnesota dipped to its lowest point in a decade in 2011, sales of E85 fuel in Minnesota finished the year strong. Owners of flex fuel vehicles, which can use either ethanol-based E85 or regular unleaded, bought an estimated 19.8 million gallons of E85 in 2011, according to figures released by the Minnesota Department of Commerce. That would place 2011 as the 3rd best year for E85 sales, after...

2011-12-23 10:53:00

Move will Benefit American Drivers, Provide Greater Access to Advanced Renewable Fuel WASHINGTON, Dec. 23, 2011 /PRNewswire-USNewswire/ -- With the 112th( )Congress going home for the holidays, securing the long awaited expiration of the tariff on imported ethanol and corresponding tax credit, the Brazilian Sugarcane Industry Association (UNICA) issued the following statement. It should be attributed to Leticia Phillips, UNICA's Representative in North America. A day many thought...

2011-12-23 10:40:00

SAO PAULO, Dec. 23, 2011 /PRNewswire/ -- For the first time in more than three decades of generous US government subsidies for the domestic ethanol industry, coupled with a steep tariff on imports, the United States market will be open to imported ethanol as of January 1st, 2012, without protectionist measures. The adjournment of the 112th Congress means both the US$0,54 per gallon tax on imported ethanol and a corresponding tax credit of US$0,45 per gallon for blenders, the VEETC...

2011-12-15 07:36:00

SAINT PAUL, Minn., Dec. 15, 2011 /PRNewswire-USNewswire/ -- E85 is selling briskly in the upper Midwest, according to organizations that track the sales of the ethanol-based motor fuel. In the first eight months of the year, Minnesota E85 sales have increased by 26 percent, as retailers sold nearly 3 million gallons more of the cleaner-burning fuel than during the same period in 2010. Minnesota is not alone -- recent reports from Iowa and North Dakota show drivers in those...

2011-12-07 09:44:00

BISMARCK, N.D., Dec. 7, 2011 /PRNewswire-USNewswire/ -- Annual statewide sales of E85, a cleaner-burning fuel consisting primarily of ethanol, surpassed the 1 million gallon mark in North Dakota in September. Approximately 660,000 gallons of E85 were sold in North Dakota in 2010, up from 275,000 gallons in 2009. The state now has more than 70 retail outlets for E85 and each month, sales of E85 in 2011 have exceeded that same month's 2010 sales. "This is an important achievement the...

2011-12-05 17:44:00

WASHINGTON, Dec. 5, 2011 /PRNewswire-USNewswire/ -- In response to the introduction of H.R. 3552, legislation sponsored by four members of the U.S. House of Representatives to extend the import tax on foreign ethanol, the Brazilian Sugarcane Industry Association (UNICA) issued the following statement. It should be attributed to Leticia Phillips, UNICA's Representative in North America. The United States has been subsidizing corn ethanol and imposing trade barriers on cleaner,...

2011-11-21 12:39:09

Costs for second-generation ethanol processing, which will ease the stress on corn and sugarcane, are unlikely to be competitive until 2020, according to a unique Queen´s University study. “This study really lays out in black and white where we are and where we are going,” says Warren Mabee, an assistant professor in the School of Policy Studies and Department of Geography. “It should prompt companies to reassess (their processes going forward).” The...

2011-11-09 17:37:00

DENVER, Nov. 9, 2011 /PRNewswire/ -- BIOFUEL ENERGY CORP. (NASDAQ: BIOF), an ethanol production company, today announced that, for the quarter ended September 30, 2011, it generated $2.5 million of net income, and $.02 of earnings per diluted share, on revenues of $162.5 million. Compared to the prior year period, net income improved by $4.3 million, primarily due to improved yield and other operational efficiencies. "Our business performed well in the third quarter, and our entire...