Sinking lease rates, weak crude prices and tough new safety measures for transporting oil by rail have spurred a resurgence in hauling ethanol on the U.S. rail network, as some train companies convert tank cars to carry more corn-based biofuels.
NEW YORK - Oil traders are rushing to import ethanol from Brazil for the first time this year after U.S. regulators moved to increase use of advanced biofuel, opening a wide spread in the niche biofuel credits market.
NEW YORK - Oil companies ultimately recover their costs of complying with the U.S. biofuels program, according to an Environmental Protection Agency (EPA) analysis that marks the regulator's clearest challenge yet to a key criticism of the policy.
NEW YORK - The U.S. Department of Agriculture (USDA) plans to inject $100 million in funding to get more ethanol at the gas pump, according to two industry sources, the latest push to get beyond a "blend wall" that has capped demand for the biofuel.
The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled.
North Dakota State University is providing a three-day course on risk management to members of the corn ethanol industry June 16 to 18 in Fargo.
The training will take place in NDSU's commodity trading room, which is in Barry Hall at 811 2nd Avenue N.
NEW YORK - In a long-running battle between oil refiners and the U.S. farm lobby over the future of ethanol fuel, biofuel producers may have just made a small, but important dent in big oil's formidable defenses.
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