World Grain - August 2012 - 70

BIOFUELS QUARTERLY

Biodiesel breaking point
W
ith the U.S. Environmental Protection Agency (EPA) planning to mandate the use of 1.28 billion gallons of biomass-based diesel in 2013, use of vegetable oils is expected to skyrocket, increasing competition among end users. Because commercial production of cellulose ethanol has yet to materialize, biomass-based diesel has to provide a larger percentage of the advanced fuels mandate, Rabobank said in a report released in May. About 96% of the biomassbased diesel is biodiesel, which is mostly made from vegetable oil feedstocks. U.S. soy oil use in the 2011-12 crop year is estimated at 4 billion pounds, an increase from the 2.55 billion pounds used in 2010-11. Soy oil use for biodiesel is increasing in other regions including South America and Europe, Rabobank said. Additionally, increasing demand for processed food in developing nations is increasing demand for vegetable oils. This comes at a time when world vegetable oil stocks-touse ratio is at its lowest level in the last 40 years. U.S. corn acres are expected to increase 4% this year, but the soybean planted area is expected to drop 1%, further tightening world supplies, Rabobank said.
70

by Susan Reidy

Report says increased mandate for fuel in U.S. will impact already tight vegetable oil supplies
“There simply is not enough vegetable oil in the world to feed the U.S. advanced biofuels mandate,” Rabobank said in its report. “Something’s got to give.” GROWING PRODUCTION U.S. biodiesel production has increased dramatically in the last several years but has fluctuated with changing tax policies. The $1-per-gallon tax credit, first enacted in 2004, spurred production. When it lapsed at the end of 2009, production plummeted to about 300 million gallons. With the tax credit reinstated in 2011, production jumped to a record 1.1 billion gallons, 300 million gallons higher than the mandated 800 million gallons. Production through May of
August 2012 / World Grain / www.World-Grain.com



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World Grain - August 2012

Table of Contents for the Digital Edition of World Grain - August 2012

World Grain - August 2012
Contents
From the Editor-in-chief - Even with drought, corn’s centrality accelerates
Calendar of Events
News review - U.S. drought driving increase in grain futures prices
AB Foods acquires Elephant Atta flour brand
Ukraine says it won’t limit grain exports
Construction begins on KSU feed center
CBH Group adds to operations team
Bunge earnings down despite strong ag operations
Ted Bownik, longtime flour mill manager, dies at 87
Tiger Brands to buy majority stake of Dangote Flour Mills
Australian wheat quality improves over 2012
Cargill completes grain elevator modernization
Sodrugestvo, Mitsui form strategic grain alliance
FAO opens liaison office for producers’ organizations
U.S. rice crop may be best in three years
Kazakhstan lowers grain harvest estimate
CHS earnings rise 13% in third quarter
Flour Mills of Nigeria profit falls 11%
Grain Market Review - Coarse grains
Country Focus - Focus on Czech Republic
Feature - Horizon Milling turns 10
Regional Review - Australasia: Ag export giant
Regional Review - The gathering storm
Regional Review - Analyzing Australasia
Feature - Tackling new challenges
Feed Operations - Motor speed reduction methods
World Grain's Biofuels Business Quarterly
Corn oil extraction conundrum
Biodiesel breaking point
Biofuels News Review - Global ethanol production to reach 85.2 billion liters
Solazyme, Bunge building renewable oils facility in Brazil
Green fleet helps U.S. Navy achieve energy goal
China drops anti-dumping probe against U.S. DDGS
E15 receives final approval from U.S. EPA
BDI BioEnergy to build biodiesel plant in France
Feature - Manila to host IAOM Conference
Technical Profile - Food safety solutions
Supplier News
Advertiser Index
World Grain - August 2012 - World Grain - August 2012
World Grain - August 2012 - 2
World Grain - August 2012 - 3
World Grain - August 2012 - 4
World Grain - August 2012 - Contents
World Grain - August 2012 - From the Editor-in-chief - Even with drought, corn’s centrality accelerates
World Grain - August 2012 - 7
World Grain - August 2012 - Calendar of Events
World Grain - August 2012 - 9
World Grain - August 2012 - AB Foods acquires Elephant Atta flour brand
World Grain - August 2012 - 11
World Grain - August 2012 - Construction begins on KSU feed center
World Grain - August 2012 - CBH Group adds to operations team
World Grain - August 2012 - Bunge earnings down despite strong ag operations
World Grain - August 2012 - Tiger Brands to buy majority stake of Dangote Flour Mills
World Grain - August 2012 - Cargill completes grain elevator modernization
World Grain - August 2012 - FAO opens liaison office for producers’ organizations
World Grain - August 2012 - Kazakhstan lowers grain harvest estimate
World Grain - August 2012 - Flour Mills of Nigeria profit falls 11%
World Grain - August 2012 - Grain Market Review - Coarse grains
World Grain - August 2012 - 21
World Grain - August 2012 - Country Focus - Focus on Czech Republic
World Grain - August 2012 - 23
World Grain - August 2012 - 24
World Grain - August 2012 - 25
World Grain - August 2012 - 26
World Grain - August 2012 - 27
World Grain - August 2012 - Feature - Horizon Milling turns 10
World Grain - August 2012 - 29
World Grain - August 2012 - 30
World Grain - August 2012 - 31
World Grain - August 2012 - 32
World Grain - August 2012 - 33
World Grain - August 2012 - 34
World Grain - August 2012 - 35
World Grain - August 2012 - Regional Review - Australasia: Ag export giant
World Grain - August 2012 - 37
World Grain - August 2012 - 38
World Grain - August 2012 - 39
World Grain - August 2012 - 40
World Grain - August 2012 - 41
World Grain - August 2012 - Regional Review - The gathering storm
World Grain - August 2012 - 43
World Grain - August 2012 - 44
World Grain - August 2012 - 45
World Grain - August 2012 - 46
World Grain - August 2012 - 47
World Grain - August 2012 - Regional Review - Analyzing Australasia
World Grain - August 2012 - 49
World Grain - August 2012 - 50
World Grain - August 2012 - 51
World Grain - August 2012 - 52
World Grain - August 2012 - 53
World Grain - August 2012 - Feature - Tackling new challenges
World Grain - August 2012 - 55
World Grain - August 2012 - 56
World Grain - August 2012 - 57
World Grain - August 2012 - Feed Operations - Motor speed reduction methods
World Grain - August 2012 - 59
World Grain - August 2012 - 60
World Grain - August 2012 - 61
World Grain - August 2012 - 62
World Grain - August 2012 - World Grain's Biofuels Business Quarterly
World Grain - August 2012 - Corn oil extraction conundrum
World Grain - August 2012 - 65
World Grain - August 2012 - 66
World Grain - August 2012 - 67
World Grain - August 2012 - 68
World Grain - August 2012 - 69
World Grain - August 2012 - Biodiesel breaking point
World Grain - August 2012 - 71
World Grain - August 2012 - 72
World Grain - August 2012 - 73
World Grain - August 2012 - Green fleet helps U.S. Navy achieve energy goal
World Grain - August 2012 - 75
World Grain - August 2012 - BDI BioEnergy to build biodiesel plant in France
World Grain - August 2012 - 77
World Grain - August 2012 - Feature - Manila to host IAOM Conference
World Grain - August 2012 - 79
World Grain - August 2012 - Technical Profile - Food safety solutions
World Grain - August 2012 - 81
World Grain - August 2012 - 82
World Grain - August 2012 - 83
World Grain - August 2012 - Supplier News
World Grain - August 2012 - 85
World Grain - August 2012 - 86
World Grain - August 2012 - 87
World Grain - August 2012 - 88
World Grain - August 2012 - 89
World Grain - August 2012 - Advertiser Index
World Grain - August 2012 - 91
World Grain - August 2012 - 92
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