Biofuel Briefs
UNICA: Brazil's Ethanol Output, Sales Rose in 2015-16
NEW YORK (DTN) -- The Union of Sugarcane Industry Association, Brazil's largest trade group for sugarcane and ethanol producers, reported the final results of the 2015/2016 crop year that ended March 31, saying sugarcane processing in the country's South-central region totaled about 618 billion liters, up 8.0% year-over-year.
The report said 28.2 billion liters of ethanol was produced during the just-ended crop year, up 2.0 billion liters or 7.1% year-over-year. Of that total production, 10.6 billion liters of ethanol were anhydrous while 17.6 billion liters were hydrous.
Brazil's new 2016/2017 crop year started April 1.
On ethanol sales, the report said 29.27 billion liters of ethanol were sold during the 2015/2016 crop year, up 16.26% year-over-year. Of that total, 27.34 billion liters or 93.4% were sold locally. For the month of March, 2.24 billion liters of ethanol were sold, down 13% month-over-month.
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The United States is among the countries that imports Brazilian ethanol.
REG Buys Wis. Biodiesel Refinery
OAKHURST, N.J. (DTN) -- Renewable Energy Group, Inc. completed its acquisition Tuesday, March 15, of Sanimax Energy's 20-million-gallon nameplate capacity biodiesel refinery located in DeForest, Wisconsin.
REG paid Sanimax $11 million in cash and issued 500,000 shares of REG common stock in exchange for the biorefinery and related assets. REG may also pay Sanimax up to an additional $5 million in cash over a period of up to seven years after closing based on the volume of biodiesel produced at the plant, which is now called REG Madison, LLC.
"We are very pleased to have successfully closed this transaction in a short amount of time and are already producing REG-9000 biodiesel at the plant," said Brad Albin, REG vice president, manufacturing. "We welcome the newest members of our team at REG Madison and are proud to be a part of the DeForest community."
Most of the biodiesel employees have agreed to stay on with REG.
The biorefinery, located just north of Madison, Wisconsin, began production in 2007. The facility has both truck and rail capabilities.
This is the first Wisconsin plant for REG, which now owns and operates 11 active biomass-based diesel refineries in seven states with a combined nameplate production capacity of 452 million gallons annually.
(BM/AG)
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