In Washington, Iowa senator Chuck Grassley said he expected the biodiesel tax credit to be extended next year but expected the current credit to expire beforehand. The National Biodiesel Board warned that allowing the credits to expire would introduce additional risk into the market but Grassley said the Senate’s finance committee chairman already had tax […]
In Washington, Rep. Scott Peters (CA-52) has introduced H.R. 3758, the “Second Generation Biofuels Extension Act of 2013.” This legislation would extend the Second Generation Biofuel Producer Credit and the Special Allowance for Second Generation Biofuel Plant Property. He also introduced H.R. 3757, “Igniting American Research Act,” that would extend and increase the tax credit […]
In Washington, The U.S. Department of Agriculture’s Commodity Credit Corporation (CCC) announced the results of the Dec. 3 invitation to sell the remainder of its recently acquired sugar inventory for non-food uses. CCC successfully sold its entire remaining inventory, 79,750 short tons, for $8.2 million. Quality Feeds Ltd. bought 90 million pounds of cane sugar […]
In Washington, Senators Sen. Ben Cardin, D-Md. and David Vitter, R-La. are working on legislation that would reduce the amount of corn ethanol required under the RFS while boosting the amount of advanced biofuels. On the other hand, Senators Dianne Feinstein, D-Calif., and Tom Coburn, R-Okla. are working on legislation that would eliminate the quota […]
In Washington, More than 60 advanced biofuel companies and four leading trade organizations on Monday wrote to leaders of the House Ways and Means and Senate Finance Committees, encouraging Congress to extend critical tax provisions set to expire at the end of this month. The Advanced Ethanol Council, Advanced Biofuel Association, Algae Biomass Organization and Biotechnology […]
In the UK, the government has proposed “double counting” biofuels as part of the renewable energy targets for 2020 that require 20% green energy. Up until now, the targets had been separate with 10% for transport and 20% for power, but the UK’s proposal would lower the 20% power target to 19.5%. The move in […]
In Washington, an EPA hearing last Thursday had supporters of the RFS arriving in force. The only EPA hearing scheduled on the RFS numbers, held in front of the EPA’s five-member panel, had testimony from policy organizations and private companies alike. Growth Energy’s Director of Regulatory Affairs, Chris Bliley summed up the policy position: “The […]
In Illinois, as many as 20 ethanol plants are expected to be shuttered as a result of the cutbacks in ethanol blending for the RFS in 2014. Citigroup expects gasoline demand to be 13% less next year than estimated in 2007 when blending mandates were set, just 133 billion gallons compared to the 154 billion […]
In Virginia, Iowa Gov. Terry Branstad testified in front of the EPA at a public hearing on Tuesday in support of the RFS. The governor believes the EPA is following Obama’s marching orders to dismantle the RFS in favor of supporting the oil lobby to the detriment of Iowan families dependent on the ethanol industry.
In Brazil, the country’s agriculture secretary says the ministry is exploring subsidies for ethanol production from corn and is looking to develop a policy to support its production. The country’s corn production has doubled in the past 11 years and the secretary says that ethanol is likely the best outlet for the surplus because it’s […]
