BioFuel Energy and Pacific Ethanol on the Move as EPA Proposes to Raise Renewable Fuels Mandate
http://media.marketwire.com/attachments/201212/107982_FSE_Logo.gifhttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=981391&ProfileId=051205&sourceType=1NEW YORK, NY -- (Marketwire) -- 02/04/13 -- Ethanol stocks received a boost last week as the Environmental Protection Agency proposed to raise the renewable fuels mandate. Ethanol futures 12 percent gain in January was the largest increase in six months, and its first monthly gain since October. Five Star Equities examines the outlook for companies in the Ethanol Industry and provides equity research on BioFuel Energy Corp. (NASDAQ: BIOF) and Pacific Ethanol Inc. (NASDAQ: PEIX).
Access to the full company reports can be found at:
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Under the proposal the mandate would increase 16.55 billion gallons of renewable fuels (roughly 9.6 percent on all fuel used in 2013), an 8.9 percent from 2012. "The industry is adding new feedstocks and building capacity every year, and this policy will only help us continue that growth," Anne Steckel, the National Biodiesel Board's vice president of federal affairs, said in a statement.
Ethanol prices were also boosted by falling production last month. The Energy Information Administration reported that ethanol production totaled 770,000 barrels per day for the week ending Jan. 25, the lowest total since the EIA began tracking data in June 2010.
Five Star Equities releases regular market updates on the Ethanol Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
BioFuel Energy's goal is to become one of the leading ethanol producers in the United States. The company is currently operating two 110 million gallon per year ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska. BioFuel Energy has the capacity to produce 230 million gallons per year of fuel grade ethanol and 720,000 tons of distillers grains at their facilities.
Pacific Ethanol is the leading marketer and producer of low-carbon renewable fuels in the Western United States. The company also provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States. Pacific Ethanol recently reported that they closed agreements that will increase their ownership interest in the Pacific Ethanol plants to 80 percent and improve their debt position.
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