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Governors' Biofuels Coalition
NEWS UPDATE November 21, 2014

Corn Rises on Increased Exports, Ethanol Production; Wheat Gains

By Jeff Wilson, Bloomberg  •    •  Posted November 21, 2014

Corn futures rose for the first time in a week on signs of increasing demand for shipments from the U.S., the world’s top exporter. Wheat prices gained on concern that cold weather will trim planted acreage. Corn, used to make livestock feed and a gasoline additive, dropped 5.7 percent in the previous four sessions. Export sales in the week ended Nov. 13 jumped 80 percent to 908,689 metric tons from a week earlier, and the number of chicks placed on feed last week rose 1.7 percent from a year earlier, U.S. Department of Agriculture data show. Production of ethanol rose to the second-highest ever, government figures showed yesterday. [ read more … ]

Nation’s first large-scale renewable diesel plant reopens under new owner

Amanda Peterka, E&E reporter  •    •  Posted November 21, 2014

The first large-scale renewable diesel facility in the United States is up and running again, new owner Renewable Energy Group Inc. announced yesterday. REG marked the startup of the facility in Geismar, La., yesterday with a grand-opening event after beginning initial production Oct. 14. At full capacity, the biorefinery will be able to produce 75 million gallons a year of renewable diesel, a type of biofuel that can be used directly in existing fuel infrastructure, out of animal fats, corn oil and used cooking oil. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.