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[ljsquash] 27/5/2011 10:41

3 million + a few just through at 75p?

[puffin tickler] 26/5/2011 10:26

I cannot see "bumper" results next month, more like bumped. Ethanol margins have been modest to poor for the last year and a bit so I expect about break even at best.

The cash position will still improve by 12M$ because of depreciation but that will be the only bright spot.

Zein will not contribute to these results and for me should be given little value until it proves itself.

I sold out my very large position a couple of months back for the above reasons, but am keeping a close eye on developments.

[ljsquash] 26/5/2011 09:13

No wonder were struggling "hundred gallon"! :-)

[caveat_emptor] 26/5/2011 04:06

Here is a sample of the byelines we should come to expect...

"AIM listed corn to ethanol processor,
is expected to announce bumper results next mont"

[aceuk] 25/5/2011 20:02

A fourth document quotes the Saudi assistant petroleum minister as expressing concern to Ambassador James Smith that Saudis could be "greened" out of the U.S. market. The minister noted in 2009 that the United States for the first time had consumed more ethanol than it did Saudi oil.
Read more:

Article is mainly about naughty crude oil speculators, however I never realised that before.

[cerrito] 25/5/2011 07:57

For those interested in reducing fuel costs in ethanol production

[caveat_emptor] 25/5/2011 07:27

Nice one Ace....I'm picking up increased signals that the Obama administration
are sending their best men around to secure the Democratic vote in the Corn Belt,
and allow him more time to travel and electioneer in weaker States...the message
very clearly is...We're not for turning.
My guess is that the Republican backed, California and Texas financed oil campaign
will end up costing the oil industry a lot of their own tax concessions, and the
republican campaign that have targetted ethanol subsidies as a potential achilles,
is now realising that they are simply fighting a losing battle to maintain their vote for the 2016 election.
With numbers like 27% published by ACE, is it any wonder that the pre-election campaign is securing the Corn belt vote, and in Obama's home turf of Chicago-Illinois?
We should be sitting pretty for at least another four years.

[aceuk] 24/5/2011 19:44

E85 ethanol sales up 27 percent
12:46 PM, May 24, 2011
by Dan Piller

As the price of unleaded gasoline climbed by 90 cents per gallon during the first quarter, sales of cheaper E85 ethanol blend rose by 27 percent during the same period over the fourth quarter of 2010, the Iowa Renewable Fuels Association said today.

According to the Iowa Department of Revenue, sales of E85 by Iowa retailers reached 2,645,038 gallons during the first three months of this year. Compared to the first quarter of 2010, E85 sales were up 64 percent in 2011.

While the price of unleaded gasoline with the ten percent ethanol blend rose from $2.99 per gallon at the end of 2010 to $3.90 per gallon by late April, E85 remained below $3 per gallon at most Iowa outlets.

"Consumers have increasingly sought out E85 as an affordable, homegrown alternative with gasoline prices approaching $4 per gallon," stated IRFA Executive Director Monte Shaw. "It was especially exciting to see E85 sales increase robustly even as the Iowa E85 retailer tax credit was cut by half on the first of January."

Since January 1, 2006, Iowa retailers have received a tax credit for each gallon of E85 sold. Under the 2006 law, the E85 tax credit was reduced from 20 cents per gallon to 10 cents per gallon on January 1, 2011.

Iowa currently has 142 retail outlets offering E85. A list of all the E85 stations can be found at: www.iowarfa.org/ethanol_e85refueling.php.

[stenick] 24/5/2011 09:19

Totally agree C_E if this was on Nasdaq it,s share price would probably be $50.

[caveat_emptor] 24/5/2011 09:16

Ethanol has bright future, in TN and U.S.
The Tennessean
Ethanol is a part of the country's economic and environmental future, the Obama administration believes, and Tennessee is playing a key role in its development. US Agriculture Secretary Tom Vilsack was in Nashville Monday, speaking at a Thornton's Oil ...
See all stories on this topic »

[caveat_emptor] 24/5/2011 09:11

Every time I publish something here the mm's move the price back a touch
on a few thousand shares!!

This company badly needs to delist from London and relist on Nasdaq.
Ideally create an ADR in London.

However, the latest trawl of sentiment, which is where it's really at,
is confirming that despite the oil industry's efforts to stop people
investing in E85 and new pumps etc etc, the OBAMA administration is making
it's committment to E and the CORN BELT absolutely crystal clear....they are not
for turning....and Chicago?Illinois is the best place to invest in Corn to E...
Naturally....it's OBAMA's home town.....and he is going to be around for another 6 years.

Just read the balance of opinion in these headlines

[caveat_emptor] 22/5/2011 07:19

Abstract

Treatment with antibiotics within the periodontal pocket against bacterial infections represents a useful and adjunctive tool to conventional therapy for healing and teeth preservation. With this function in view, an implantable, tetracycline delivery device for the treatment of periodontal disease was developed. The aim of this study was to develop biodegradable, tetracycline-loaded microparticles made of two polymers: PLGA and zein which were compressed into monolithic devices. In this polymer delivery system, the encapsulation efficiency, release characteristics, drug–polymer interaction, and antibacterial activity of loaded drug were investigated. The interaction of tetracycline with the corn protein zein was studied by nuclear magnetic resonance (NMR), Fourier transform infrared, and X-ray diffraction. The hydrophobic interaction of tetracycline with zein in the formulations was deduced from the NMR studies, whereas X-ray diffraction studies showed a new crystalline state of the drug in the presence of the protein. Zein was not denatured by preparation of inserts. Sustained release of tetracycline was obtained, and the proportion of zein in the inserts had a great impact on the drug release. Finally, an effective tetracycline release from inserts against Staphylococcus aureus was achieved over 30 days. In conclusion, the PLGA:zein delivery system described in this study was found to be effective in controlled delivery of tetracycline, and hence may be suitable for intra-pocket delivery of antimicrobial agents in the treatment of periodontitis.

[caveat_emptor] 19/5/2011 06:22

My view of the share since 84p would suggest 150000 shares
are now short with buy to cover profit of 10p a share.

[stenick] 18/5/2011 16:23

Another month then, wonder what the share price will be???

[caveat_emptor] 18/5/2011 16:11

Results on 16th June last year!!

[caveat_emptor] 17/5/2011 10:45

US ethanol report praises food, fuel balance
17 May, 2011 07:23 AM
ETHANOL production is one of the largest feed producing segments in the United States. And a new analysis, "Fueling a Nation; Feeding the World," from the Renewable Fuels Assn. shows that the ethanol industry is providing increasing volumes of highly nutritious livestock feed for domestic and international markets.

In modern ethanol production processes, one-third of every bushel of corn used is returned to the livestock feed market. Ethanol production requires only the starch portion of a corn kernel. The remaining protein, fat, fibre, and other nutrients are returned to livestock feeders. America's ethanol producers supplied nearly 35 million metric tons of livestock feed in the 2009-2010 marketing year. By volume, such production is greater than the total amount of grain consumed by all of the beef cattle in U.S. feedlots.

American feed production by ethanol plants is also a growing portion of global livestock diets. Nearly 25%, or 9 million metric tons, of the distillers grains produced in 2010 was exported, with the leading recipients being China, Mexico, and Canada. For the current 2010-2011 marketing year, feed production from the ethanol industry is projected at 39 million metric tons. That's enough livestock feed to produce 50 billion quarter-pound hamburgers - seven patties for each person on the planet.

Feed co-products represent an increasingly important share of profit opportunities for ethanol producers. The estimated market value of feed co-products from ethanol production in 2009-10 was $3.8 billion. An estimated additional $1 billion was realized through sales of corn oil, a high value co-product of the wet mill ethanol process and some dry milling processes.



Feedstuffs USA
Source:

[caveat_emptor] 14/5/2011 08:29

A little jewel of an article....must read by all....for brevity
and bottm lines if nothing else....

Genencor Accelerase Duet
Dinneen - Ethanol: Moving Forward
Jim Lane | May 13, 2011 | 5 Comments
7Share

By Bob Dinneen
CEO, Renewable Fuels Association and Digest columnist

We are now more than a decade into a new century but you likely wouldn't know it by listening to the energy debate on Capitol Hill. Confronted by high gas prices, many lawmakers are clamoring for a drill, baby, drill approach to develop what is left of America's oil reserves. Lawmakers with the audacity to oppose such measures, or to suggest the nation stop subsidizing the oil industry, are subsequently shouted down. They in turn accuse supporters of oil production of schilling for Big Oil and destroying the planet.

Lost in the drone of mudslinging is a realization that this debate is about 20th century technologies and energy sources. The discussion is about whether or not to develop more oil and other fossil fuels at potentially great economic and environmental cost. The debate is on whether or not centuries-old industries should still be subsidized by American taxpayers. The dialogue should instead be focused on transitioning America's energy economy and the policies that support it. We should turn away from an obsession with the past and toward an embrace of the future.

In introducing the Domestic Energy Promotion Act of 2011, Senators Chuck Grassley (R-IA) and Kent Conrad (D-ND) and a bipartisan group of 6 senators have taken the first steps to making that transition a reality.

For almost three decades, America has put tax policy in place that has incentives for the use of ethanol. As a result, the U.S. has built and currently operates more than 200 ethanol biorefineries all across the country. We have seen ethanol grow to more than 13 billion gallons of annual production and become 10 percent of the nation's gasoline supply. More than 400,000 Americas are employed in part by domestic ethanol production and we are able to reduce America's need for imported oil by 445 million barrels a year.

As a result of a strong commitment to domestic ethanol production, the industry has evolved. And, so too must the policies that support it. The Domestic Energy Promotion Act begins the process of transitioning and transforming incentives for ethanol to reflect a growing and evolving industry.

Specifically, the bill does three things seen as crucial elements in smart ethanol policy. First, it transitions the current tax credit to a variable-style credit that would adjust in value based on the price of oil. Such a transition provides both dramatic savings dictated by fiscal concerns as well as needed stability against a volatile oil market.

Second, the bill improves tax credit for gas stations to install ethanol refueling infrastructure such as blender pumps. The bill would make up to 100 percent of the cost of the infrastructure eligible for a tax credit if the infrastructure was used to offer higher level ethanol blends. Building out infrastructure for ethanol refueling and moving past the blend wall is a fundamental need if the evolution of this industry is to continue and the goals of the Renewable Fuels Standard are to be met.

Third, the bill extends vital tax incentives for advanced and cellulosic ethanol to accelerate the commercialization of such technologies. Dozens of advanced ethanol projects are in the works. This bill provides them with the stable policy environment needed to make investments and put steel in the ground.

Some have suggested this bill is a retreat by the ethanol industry in the face of loud, albeit unsubstantiated, opposition. That could not be further from the truth. This bill represents a good faith effort by ethanol advocates to address fiscal concerns while still allowing for growth and innovation in the industry.

Supporters of American ethanol production recognize doing nothing is not a solution. Drilling for additional sources of oil may make sense, but any benefits that may accrue will take a decade to materialize. Investments in ethanol production from a wide range of sources will yield a new, renewable fuel supply in half that time or less.

This is the second gasoline price shock this nation has endured in the past 5 years alone. Instead of waxing nostalgic about energy technologies of the past, we should learn from recent history or be doomed to see it repeated.

The Domestic Energy Promotion and Security Act of 2011 is the kind of energy policy that moves the ball forward immediately. It should serve as a model of responsible advocacy and policy for all energy sectors.

[caveat_emptor] 13/5/2011 04:35

You are right of course.....this business is a lot
smaller than most people think....and is by now a
relatively simple model, easily run, just like your
whiskey distillery down the road. The difficult bits
are the R&D ones...the major of which is OFF SITE.

They also have obviously two shrewd Irishmen, or second
geberation, who are close to the corn futures market,
so I doubt supply at the right price will ever be a problem.

Nowadays share price levels are all about paying down debt,
so that's the figure that interests me most in the forthcoming
results.

I don't have any problem with projected profits....I think like
corn they are bursting with them......and ADM and PEIX have certainly
pointed the way....GPRE it seems to me is subsidising the cost
of NTR's solar farms....you'd need a JCB to get down deep enough
into their accounts.

[cerrito] 12/5/2011 20:48

Caveat Emptor
Read your 2868 article and interested to see in March this year ddgs exports were 686m tons; see that in the half to september 2010 GTL's ddgs sales were approx 150m tons ie 25m a month ie about a 3 to 4% market share; I did not realize such a small player.

[spaceparallax] 12/5/2011 11:40

Cav, looks like you've been in the sweetshop again. Good work - roll on results.

[caveat_emptor] 12/5/2011 08:29

Every future quarter you see will probably be predicted by all these companies as facing difficult and challenging conditions ahead.....

With so much controversy raging and the oil industry implacably opposed to
the march of E the difficulties and challenges are being met in quarters past,
but sterling revenue and profit performance.

Who said it would be easy...but soon I suspect GTL
will be the first E to declare a dividend.
The profits from E will go towards the debt, and the dividend
will come from the by product business such as zein protein,
rapidly emerging.

Despite the unashamed ramp....that would be nice!!!

[caveat_emptor] 12/5/2011 08:00

DM's Rice considers ethanol 'most competitive fuel in the world'
By Holly Jessen | May 11, 2011

[]

Archer Daniels Midland Co. executives painted a good-news/bad-news situation for ethanol during a May 3 conference call on the company's third quarter results. First, the good news. "We still feel very strong about the ethanol business and it's probably the most competitive fuel in the world right now," said John Rice, vice chairman of ADM.

Spot market prices for wholesale ethanol are 60 to 90 cents cheaper than unleaded gasoline, pointed out Ray Young, senior vice president and chief financial officer. In addition, the 45-cent Volumetric Ethanol Excise Tax Credit provides another incentive to those blending the fuel. "With these attractive economics, customers generally will blend ethanol at the maximum level allowed," he said.