U.S. ethanol makers at record rate despite rare gasoline premium

December 5, 2014

Article by Michael Hirtzer - Dec. 2, 2014

Dec 2 (Reuters) - U.S. ethanol production is likely to continue at a record rate despite its rare premium to gasoline as cheap corn, high biofuel prices and even cool weather provide ideal conditions and strong profit margins.

"There's no sign that says we should slow production. The mentality is that everyone is running," said Todd Becker, chief executive of Green Plains Inc, the fourth-largest U.S. ethanol producer behind Archer Daniels Midland Co, POET LLC and Valero Energy Corp.

"The industry runs much better in the cold than the heat because we don't have to cool the plants down. This is the plants' sweet spot," Becker said.

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Ethanol maker Green Plains says rail transport not keeping up as more embrace E15 - Omaha World Herald

October 31, 2014

Article by Russell Hubbard - Oct. 30, 2014

Green Plains Inc., whose shares have climbed 80 percent this year, told investors Wednesday that higher blends of ethanol are making it into the nation’s gas supply but that congested rail networks make it hard to get it out there.

“The last couple of weeks or so, we are seeing a significant degradation of service on several carriers,” Green Plains Chief Executive Todd Becker said on a conference call, discussing rail service and third-quarter earnings.

At the same time, gasoline blended to form a fuel that is 15 percent ethanol, called E15, is growing in popularity, Becker said.

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Green Plains Q3 2014 Earnings Conference Call

October 24, 2014

Date: Wednesday, Oct. 29, 2014

Time: 11:00 a.m. ET / 10:00 a.m. CT

Access the webcast here:

US appeals court rejects lawsuit over E15 labeling rules - PLATTS

October 22, 2014

Houston (Platts) - Oct. 21, 2014

A federal appeals court on Tuesday tossed out a lawsuit filed by several industry trade groups seeking to repeal US Environmental Protection Agency rules requiring labels for pumps selling gasoline containing 15 percent ethanol.

The US Court of Appeals for the District of Columbia ruled that the plaintiffs, including the American Petroleum Institute and the Engine Products Group, did not have legal standing to challenge the rules.

"Petitioners fail to establish Article III standing because they cannot show that their members have suffered or are threatened with suffering an injury in fact that is traceable to the regulation and redressable by a favorable decision," the judges wrote in their opinion.

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