Poet LLC announced it is expanding purified-alcohol production at an ethanol plant in Ohio and is launching a new label for renewable carbon dioxide and dry ice.
May ethanol futures closed sharply higher up 13 cents at $2.14 and June ethanol futures were up 13 cents at $2.14. May corn closed up 6 1/2 cents at $5.92 and July corn was up 6 3/4 cents at $5.80 1/2.
While biofuels appeared to be forsaken in President Joe Biden's initial infrastructure plan with a drive for expanding electric vehicles, the Renewable Fuels Association is making the case for an aggressive policy agenda to increase ethanol use and production in any strategy to lower U.S. emissions in transportation.