ETHANOL MARKET ANALYSIS

Market News

          Recent Developments:

• January 2022: ADM, a global provider of nutrition, agricultural origination, and processing solutions, announced a partnership with Wolf Carbon Solutions to advance the de-carbonization of ethanol production. ADM is a global provider of nutrition, offering a wide range of products and solutions for both animal and human nutrition. In the animal nutrition sector, ADM is a leader in providing high-quality feed products, supplements, premixes, custom ingredient blends, and specialty feed. They also offer value-added solutions for livestock, aquaculture, and pet nutrition. Additionally, ADM is dedicated to enabling sustainable growth and has unparalleled nutritional expertise in this field. In the human nutrition sector, ADM transforms naturally sourced products into ingredients and solutions that enrich people's lives, providing food, beverage, and supplement ingredient portfolios.
• Wolf Carbon Solutions is an organization that is involved in carbon capture and storage, particularly in the context of ethanol production. The company aims to advance decarbonization of ethanol production through state-of-the-art carbon capture technology. Wolf Carbon Solutions has been in the spotlight due to its proposal for a controversial 260-mile carbon dioxide pipeline in Illinois and Indiana, which is intended to transport captured carbon dioxide from ethanol plants. The company has faced regulatory and operational challenges, including the need to secure agreements with landowners and ethanol plants, as well as addressing concerns raised during the regulatory review process.
• In December 2022, CropEnergies' announced to build a plant for the production of renewable ethyl acetate from sustainable ethanol. The plant will be located in the Zeitz Chemical and Industrial Park in Elsteraue, Germany. The investment, approved by CropEnergies' supervisory board, is estimated to be between US $129.2 and US $140.0 million. This move marks CropEnergies' diversification into the biobased chemicals business and represents a step towards its goal of transforming into a supplier of innovative, sustainable products made from biomass.
• CropEnergies  is a leading European manufacturer of sustainably produced bioethanol, neutral alcohol, and food and animal feed. The company is committed to sustainable production and is diversifying into the biobased chemicals business, with plans to build a plant for the production of renewable ethyl acetate from sustainable ethanol. The plant will be located in the Zeitz Chemical and Industrial Park in Elsteraue, Germany.
• In October 2021, Clariant, a focused, sustainable and innovative specialty chemical company, announced the official completion of its sunliquid cellulosic ethanol plant in Podari, Romania. The completed construction is an important next step for the commercial deployment of sunliquid technology and thus supports Clariant’s sunliquid licensing business strategy.
• Clariant  is a Switzerland-based  multinational specialty chemical company, formed in 1995 as a spin-off from Sandoz. Headquartered in Muttenz, Switzerland, Clariant is one of the world's leading specialty chemical companies, contributing to value creation with innovative and sustainable solutions for customers. The company has made significant advancements in the manufacture of bioethanol, particularly in the production of second-generation biofuels using its sunliquid process, which reduces greenhouse gas emissions by around 95% compared to fossil fuels. Clariant has also been involved in setting up a new sustainable business ecosystem, including the production of cellulosic ethanol from agricultural residues.

Acquisitions and partnerships

• In October 2021, ADM a global leader in nutrition and agricultural origination and processing, announced that it has reached an agreement to sell its ethanol production complex in Peoria, Illinois, to BioUrja Group.
• ADM (Archer Daniels Midland) is a global leader in human and animal nutrition as well as agricultural origination. The company, founded in 1902 and headquartered in Chicago, Illinois, operates more than 270 plants and 420 crop procurement facilities worldwide. It is a major player in food processing and commodities trading, with a focus on processing cereal grains and oilseeds into products used in food, beverage, nutraceutical, industrial, and animal feed markets globally. ADM's net sales for 2020 were $64 billion, and it is ranked No. 35 in the 2023 Fortune 500 list of the largest United States corporations. The company's breadth, depth, insights, facilities, and logistical expertise give it unparalleled capabilities to meet the needs for food, beverages, health, and wellness on a global scale.
• The BioUrja Group is a global company that operates in the energy and agricultural commodities sector. It owns and operates multiple businesses across the globe, with facilities in Mexico, Singapore, India, Dubai, the United Kingdom, and 20 locations across the United States. The group supplies and trades physical commodities, including biofuels, petroleum products, natural gas liquids, metal alloy tubing, grain, and animal feed products. BioUrja Trading, LLC is the largest and oldest company within the BioUrja Group, initially founded to supply physical bioethanol to the U.S. refining industry and has since evolved into a leading supplier of refined petroleum products and natural gas liquids, in addition to maintaining its strong presence in the bioethanol supply and trading sector.