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Ethanol Makers' Long Hot Summer
Green Plains Renewable Energy Inc., GPRE -0.82 % the fourth-biggest U.S. ethanol producer, slowed production at two of its plants that use less-efficient processing technology early this year, cutting its ethanol output by about 5%.
US Drought Could Cause Global Unrest
"In the short run, USDA needs to figure out a way to remove the mandate on ethanol use from corn," said Timmer. "If we could free up 20 to 30 percent of the U.S.
Khosla-Backed Coskata Shelves IPO, Shifting Focus to Gas
Coskata Inc., a biofuel company backed by venture capitalist Vinod Khosla, shelved its $100 million initial public offering and is seeking investors for a plant that will convert natural gas into ethanol. Unfavorable market conditions were the main ...
Romney's Wind Stance Raises Iowa Risks
Steve King, a Republican, worries that Mr. Romney's stance on wind mirrors John McCain's “reactionary” stance in 2008 against ethanol, another key local energy issue. (Ethanol isn't an issue this year because Congress finally killed its tax credit last ...
Worst-in-Generation Drought Dims US Farm Economy Hopes
ADM, based in Decatur, Illinois, uses the grain to make more than two dozen products including ethanol, sweeteners and animal feed, and the company has businesses that store and transport the commodity for customers including farmers.
Corn Seen Rallying to Record $8.50 as Drought Kills Crops
A rally to $8.50 may trigger so-called rationing in demand from feed users, and crop losses could prompt the government to lower the mandate for using corn-based ethanol in fuel, Cekander said. “That would allow a reduction in corn grain for ethanol ...
Buffett Says Health Law Is Step to Fix 'Tapeworm' in Economy
1 problem of America and of American business,” Buffett, chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc., told Bloomberg Television's Betty Liu in an interview today. “It's the tapeworm, essentially, of the ... A ...
US Corn Growers Farming in Hell as Midwest Heat Spreads
Goldman Sachs Group Inc. said July 2 that yields will reach 153.5 bushels an acre, below the USDA estimate for an all-time high of 166.
With Wal-Mart Locked Out, India's Billionaires Rush In
Last December, Prime Minister Manmohan Singh pledged to open India's retail industry to foreign giants such Wal-Mart Stores Inc. and Carrefour SA. Seven months later, the foreigners are still waiting, stalled by populist politicians who say their ...
Offshore Wind Slump Means No Firm Orders for GE, Siemens
A surge in government-backed ethanol blending credits has billionaire investor Carl Icahn worried that independent refiners like CVR Energy Inc., in which he owns an 82 percent stake, will be bankrupt by the “rigged” marketplace. "The RIN market will ...