In South Carolina, a fight has erupted between the S.C. Petroleum Marketers Association and major oil companies over who blends ethanol and receives a 5.1 cent per gallon tax credit. “This 5 cents a gallon is crucial to the survival of the smaller petroleum marketers here in the state,” Sam Bell, president of the SCPMA, told groupstate.com. “That’s a nickel that allows us to be competitive and goes back into our businesses and to our employees, and it stays in South Carolina’s economy. The big oil companies are going to take that away from us and it’s going to end up in London, Houston and The Netherlands.”
Entry Information
Related Stories
South Carolina passes law to allow local distributors to blend ethanol, capture tax credit, pass savings to consumersIn South Carolina, state lawmakers passed legislation over a gubernatorial veto requiring oil companies to provide pure gasoline to state-based distributors, saying that local companies would capture ...
American Petroleum Institute and NPRA sue to block NC law that would permit local retailers to blend ethanolIn North Carolina, the American Petroleum Institute and the National Petrochemical and Refiner's Association filed suit in US District Court to overturn the North Carolina Blending Act, which requires...
Two South Carolina ethanol plants move forward toward final permitsIn South Carolina, two Chester County plants continue to move forward in their permitting and planning reviews. The plants use corn and wood-based cellulosic ethanol processes, respectively. South...
Lincoln Oil to invest $10 million in biofuels distribution plant in South CarolinaIn South Carolina, Lincoln Oil will invest $10 million in a biofuels distribution center near Belton, in Anderson County. The ethanol distribution, storage and blending facility will support 96-car un...
Fuel marketers say oil refiners are supressing ethanol to keep prices, profits high; not so, says refiner associationA spokesman for the National Petrochemical and Refiners Association said that oil refiners was blending more ethanol than required to by law and that "demand for more ethanol just isn't there", accord...
API chief economist says oil majors support, not oppose, renewable fuelsIn Iowa, the chief economist for the American Petroleum Institute said that major oil companies support more ethanol use, see no problems in implementing 15 billion gallons of ethanol by 2015, but hav...
