Daily summary for Monday, July 30

In today’s producer news, a 120 million gallon biodiesel plant has just come online in Florida , while an ethanol plant scheduled to open in New Mexico has been cancelled following an unfavorable feasibility study. Meanwhile, heavy summer rain has led to higher ethanol prices throughout the Midwest.

In research news, a report from Global Insight predicts that by 2030, world demand for bioethanol will reach 80 billion gallons, and world demand for biodiesel will reach over 20 billion gallons.

In policy news, the Wilmington (Delaware) News has concluded that neither rhyme nor reason prompted the US Senate to pass a bill calling for 36 billion gallons of ethanol; they simply wanted to exceed President Bush’s previously announced 35 billion gallon target for publicity reasons. In Washington DC, Senators and Representatives are debating who should get the credit for the biofuels components of the 2007 Farm Bill passed last Friday.

In international news, biodiesel production in Germany has reached an all-time high but having lost its tax-exempt status in January, the industry is facing a new biofuel tax that will take effect. Meanwhile, Trinidad has issued a plan to use methanol to produce electricity, while a $300 million ethanol pipeline is being studied for Brazil.

In demand-side news, Construction contractors for Microsoft’s new 500,000 square foot Texas data center have switched to biodiesel to solve health and safety issues at the site.

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