Ethanol Stocks Pile Up as Plants Produce for Byproducts
by Tyne Morgan (Farm Journal AgWeb) … Peter Meyer of S&P Global Platts says ethanol plants are now producing ethanol not for the fuel, but for the byproducts.
“Ethanol plants are selling a lot of their byproducts given the rise in soybean oil prices, which were somewhat based on Palm oil prices going up, so you have corn oil in demand, and there’s a need for carbon dioxide for all the dry ice needed to move the vaccines.”
Meyer says today, there are only about 30 ethanol plants with the capability to capture the carbon dioxide for resale. But the other product in high demand: DDGs. READ MORE
Working from home post-COVID will hurt the biofuels industry (RFD TV)
CoBank: 2021 outlook for ethanol is stable but guarded (Ethanol Producer Magazine)
INTERVIEW: COVID-19 vaccines can speed up ethanol global demand recovery: USGC’s Healy (S&P Global Platts)
GROWTH IN ETHANOL DEMAND WILL HAVE TO COME FROM EXPORTS (Brownfield Ag News)
Nebraska Ethanol Board feeling positive about the future of the industry (KNOP News 2; includes VIDEO)
Crop Trader ADM Stops Receiving Corn at Nebraska Plant as Grain Piles Up (Bloomberg)