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Thompsons Limited Announces Agreement With IGPC Ethanol Inc.

BLENHEIM, ON (April 29, 2015)

Thompsons Limited announces an agreement with IGPC to partner for sourcing corn for 50MM gal/yr. ethanol facility for IGPC in Aylmer, Ontario effective October 1, 2015.

“Thompsons is excited to expand our originations footprint in Ontario by partnering with IGPC. We are looking forward to revolutionizing customer service with both current customers of IGPC as well as new customers. IGPC is an important piece of Ontario’s agricultural community, and we are proud to be working with them,” said Dawn Betancourt, President of Thompsons Limited.

IGPC Ethanol Inc., commenced operations in the fall of 2007. Since that time, it has used the services of Cargill Inc., to source local corn. “This change in no way reflects upon the performance of Cargill. They have been excellent partners. We are making the switch to Thompsons’ as we feel they will be able to support the strategic initiatives we will be undertaking in the future” said Jim Grey, CEO, IGPC Ethanol Inc.

Cargill will continue to serve IGPC for corn purchases and deliveries up to September 30th, 2015. Thompsons will begin purchasing corn today for October 1st, 2015 deliveries and beyond.

About Thompsons Limited

Established in 1924, Thompsons Limited is a regional leader in the agribusiness industry with 12 grain elevators, retail farm centers, seed, bean and wheat processing plants throughout Ontario.  Thompsons is active in the importing and exporting of grain, organic and specialty crops worldwide and currently conducts business in over 34 countries around the world.  For more information visit www.ThompsonsLimited.com.

About IGPC Ethanol Inc.

Established in 2007, IGPC Ethanol Inc. contributes significantly to the Renewable Fuels Industry and Ontario’s Agricultural sector. By producing 170 million litres of denatured fuel grade ethanol and 170,000 tonnes of distillers’ grains, IGPC Ethanol Inc., has become a leader in Southwestern Ontario’s business community by creating environmentally sustainable economic growth. IGPC Ethanol Inc. is a division of Integrated Grain Processors Co-operative established in 2002, by a group of agribusiness individuals.  IGPC is a full service provider to local farmers offering a distribution solution for their corn crops while producing high protein feed supplement for their livestock. For more information, please visit www.igpc.ca

Media contact:

Dawn Betancourt, President, Thompsons Limited, 519-676-5411, extension 20405
or e-mail dbetancourt@thompsonslimited.com

Grain analyst warns of leaner years ahead for Ontario growers

By Blair Andrews, QMI Agency

The next few years will be leaner when it comes to grain prices, a market analyst for an international feed and grain company warned Thursday at the Chatham-Kent Farm Show.

Bruce Trotter based his sobering outlook on a few factors, including lower growth expectations for China and the ethanol industry.

Trotter, who works in Blenheim as the managing director for the Canadian branch of Dutch-based Cefetra, said the era from 2006 to 2011 was a time of rising land prices and better crop margins driven by bio-fuel mandates and very high growth in China.

But the mandated growth in ethanol and bio-diesel is over, and he described the most recent years as an “ethanol hangover.” Read more

CBO report sees tougher times ahead for ethanol & advanced biofuels | AgriPulse

WASHINGTON, Oct. 23,2014 – Responding to the fact that “some policymakers have proposed repealing or revising the Renewable Fuel Standard” which requires blending biofuels with gasoline, the nonpartisan Congressional Budget Office (CBO) reported Tuesday that it could be difficult to comply with the steadily increasing ethanol volumes which the law mandates.

The report points out the central problem with the Renewable Fuel Standard (RFS): “a trade-off exists between the goal of limiting the cost of complying with the RFS (for example, by reducing the requirements for cellulosic biofuels) and the goal of providing a strong incentive for the development of better technologies for advanced biofuels.”

In other words, compliance costs drop if the EPA reduces its RFS volume requirements as it proposed last November. But even proposing to lower the requirements does exactly what has happened this year in the biofuels industry: investors flee, forcing companies to postpone or abandon plans for improving operations and building commercial-scale biorefineries.

Read more