NEW 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 Archer Daniels Midland Company (NYSE: ADM) and Green Plains Renewable Energy Inc. (NASDAQ: GPRE).
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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.
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Today, biofuels such as ethanol and biodiesel are the only alternative transportation fuels available to consumers, and ADM is a leading producer of both. The company is scheduled to release results for the second quarter of fiscal 2013 before market open on Tuesday, February 5th. The company's corn processing unit posted an operating profit of $68 million in the fiscal first quarter.
Green Plains Renewable Energy is North America's fourth largest ethanol producer, which markets and distributes approximately one billion gallons of renewable motor fuel annually. The company is scheduled to release its fourth quarter and full year 2012 results on Thursday, February 7th.
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