Ethanol Business Recovers
Ethanol producers are reporting solid revenue after a rough few years caused by high corn prices. Increased demand for fuel and exports are also boosting the sector.
Drought in 2012 sent corn prices past $8 per bushel, crippling the industry. Green Plains Renewable Energy, the nation’s fourth-largest ethanol producer with 12 reported its best quarter at the end of 2013.
The industry was battered by the 2012 drought start an ongoing fight with the federal government, the oil industry and other interests over scaling back the US ethanol blending mandate.
The record 2013 corn harvest has sent prices down to near $4 per bushel. And demand for gasoline has returned.
Energy Manager News
- Reach Out to Finance Execs With Data They Understand
- Energy Trust of Oregon Exceeded 2015 Goals
- Mercy Housing, Promise Energy Teaming Up
- 30 Environmental Advocacy Groups Call on NARUC for Holistic Rate-Setting Guidelines
- New York State’s Summer of Energy
- Chicago Church Strives for Energy Efficiency
- Small, Medium Size Commercial Building Efficiency Market to Grow
- ERC: Price Benchmark Trends Week Ending June 24, 2016