TLDR:
- Novonesis has launched a new yeast technology called Innova Delta
- The ethanol industry in Minnesota contributed $2.5 billion to the state’s economy in 2023
Novonesis recently announced the launch of their latest yeast technology, Innova Delta, aimed at improving ethanol production efficiency. This new yeast strain is expected to increase ethanol yields, reduce fermentation times, and improve overall process productivity. The company conducted extensive research and development to create this innovative product, which has the potential to revolutionize the ethanol production industry.
In other news, a study by the University of Minnesota Extension revealed that the ethanol industry contributed a significant $2.5 billion to Minnesota’s GDP in 2023. With the production of 1.35 billion gallons of ethanol, the industry created $6.6 billion in economic activity, highlighting the vital role ethanol plays in the state’s economy.
Additionally, the U.S. Energy Information Administration reported a slight increase in fuel ethanol production for the week ending Feb. 16. Ethanol stocks saw a decrease of over 1%, while exports surged by almost 59%. This data indicates a positive trend for the ethanol industry, with increased production and strong demand for ethanol products.
Raízen and Wärtsilä also signed an agreement to accelerate fleet sustainability through ethanol-based solutions, aiming to advance decarbonization efforts in the marine sector. The partnership demonstrates a commitment to reducing carbon emissions and promoting sustainable practices within the energy industry.
Furthermore, The Andersons Inc. reported record fourth quarter results, with their ethanol plants achieving record production levels. The Renewables segment of the company also reported record pretax income, emphasizing the strong performance of the ethanol sector in recent months.
Lastly, the Renewable Fuels Association honored Argonne Scientist Michael Wang with the 2024 Award of Excellence at the National Ethanol Conference. Dr. Wang, a distinguished fellow and senior scientist at Argonne National Laboratory, was recognized for his outstanding contributions to the biofuels industry and commitment to advancing sustainable fuel technologies.