NEW YORK, NY -- (Marketwire) -- 04/20/12 -- Ethanol stocks are gaining attention after prices for the fuel received a boost in recent weeks following the announcement that the US Environmental Agency (EPA) had officially approved E15 as a registered fuel. "States in the Midwest have begun to address their regulatory requirements and perhaps as early as summer we could see E15 at fuels stations in the Heartland of America. The future for consumers, ethanol producers and this country has just gotten a little brighter, a little stronger," said Bob Dinneen, President and CEO of the Renewable Fuels Association. Five Star Equities examines the outlook for companies in the Ethanol Industry and provides equity research on Archer Daniels Midland Company (NYSE: ADM) and BioFuel Energy Corp. (NASDAQ: BIOF).
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Advocates of ethanol for many years have been seeking government approval for an increase in the proportion of ethanol in the fuel mix sold. The current mix for fuel sold to power vehicles contains 10 percent ethanol and 90 percent gasoline. But a new blend with 15 percent ethanol -- known as E15 -- can be used by vehicles manufactured in 2001 or later. On April 2 the US Environmental Protection Agency (EPA) officially approved E15 as a registered fuel.
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Archer Daniels Midland Company will release financial results for its third quarter of fiscal year 2012 before the market opens on Tuesday, May 1, 2012. The company will host a conference call and audio webcast at 8:30 a.m. Central Time to discuss financial results and provide a company update. A financial summary slide presentation will be available to download approximately 60 minutes prior to the call.
BioFuel Energy is a publicly traded headquartered in Denver, CO. Biofuel Energy was founded in 2005 with initial production from two plants commencing in 2008. With both plants active, BioFuel Energy expects to produce 230 million gallons of fuel grade ethanol and approximately 720,000 tons of distiller's grains annually.
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