In Washington, unsurprisingly the biofuels industry has overwhelmingly come out in opposition of the Environmental Protection Agency and Department of Justice’s proposed deal with Philadelphia Energy Solutions to offer a bail out on its RIN compliance. The National Biodiesel Board called on the DOJ to reconsider its proposed settlement allowing PES Holdings to escape the vast majority […]
In Washington, the U.S. Congress passed an omnibus spending bill to fund the government that did not include a reinstatement of the biodiesel tax credit. “The National Biodiesel Board is again disappointed that Congress has failed to provide pro-growth tax certainty for a domestic energy industry that has broad, bipartisan support. The lack of urgency […]
In China, the trade war has begun as China responded on Friday to Trump’s latest trade tariffs with a proposed list of U.S. products they plan on targeting as well. The list includes 128 U.S. products, including ethanol, wine, fresh fruit, dried fruit and nuts, steel pipes and ginseng, according to a statement from China’s […]
In Washington, the spending bill proposed by Congress this week that aims to avert yet another government shutdown includes a fix to the “grain problem” where a law passed last year provided lucrative tax benefits to farmers selling corn to cooperatives instead of grain companies. Cargill and many ethanol industry players have complained while some […]
In Luxembourg, Reuters reports that Indonesia has won its appeal against the European Commission regarding the legality of anti-dumping tariffs on its biodiesel with the European Court of Justice ruling that all AD duties—currently between 8.8% and 23.3%–must be eliminated as of March 16. Although an estimate was not given by the Indonesian biodiesel industry […]
In Washington, Renewable Fuels Association General Counsel Ed Hubbard testified at a hearing titled “Post Tax Reform of Recently Expired Tax Provisions.” RFA testified in support of several key tax incentives that have been critical to the growth and development of the nation’s biofuel industry. RFA conveyed how important steady, long-term tax support is for the […]
In Thailand, the Bangkok Post reports that the government plans to implement a B10 mandate by early 2019, up from the B7 policy currently in place, in order to help absorb 43% of the palm oil glut on the domestic market that is weighing on prices. The Department of Energy Business launched a B10 trial […]
In Germany, UFOP and the FOP – French Federation of Growers of Oilseed and Protein Plants, are appealing to the negotiating partners that are drafting the Renewable Energy Directive (RED II) to find an appropriate compromise that protects existing investments and at the same time also encourages investment into the biofuel sector in future. Both […]
In Washington, Reuters reports that the Commerce Secretary told a senate panel on infrastructure that the Trump Administration plans to keep using trade tools such as tariffs to protect its biofuels industry, such as the tariffs on Argentine and Indonesian biodiesel imports. He said protecting farmers and biofuel processors through tariffs has provided a big […]
In Washington, Rep. Peter Welch (D-Vt.) and Senator Tom Udall (D-N.M.) introduced companion bills in the U.S. House of Representatives and U.S. Senate to reform the Renewable Fuel Standard (RFS) by mitigating harmful environmental impacts and advancing the next generation of biofuels. The GREENER Fuels Act (Growing Renewable Energy through Existing and New Environmentally Responsible […]
