In India, an E10 blending policy would remove up to 1.5 million metric tons of sugar from the market, leading to higher prices. The blend will also reduce foreign exchange expenditures by $1.3 billion. Gasoline imports are at 81 cents per liter, which is the market price that sugar mills are attempting to get from […]
In Washington, the Renewable Fuels Association has sent a letter to the EPA, urging Administrator Gina McCarthy to reject the partial waiver petition submitted by the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) for the 2014 RFS. In a series of moves that are becoming familiar, the letter states that the […]
In Washington, House Majority Leader Eric Cantor has confirmed that he would look to add reform of the Renewable Fuel Standard onto a debt ceiling package if the House Energy and Commerce Committee comes to an agreement. OPIS confirmed the plan was announced to an oil industry fly-in held in late July with representatives from […]
In Indonesia, reducing fuel imports and compensating with increased biodiesel use is one of four immediate steps the government has announced to stop the devaluation of its currency. The country’s current account deficit grew to 4.4% of its GDP during the second quarter, up from 2.2% in the first quarter. Already biodiesel prices in the […]
In Washington, the Federal Trade Commission has agreed to investigate whether or not oil companies are pressuring gas stations to limit the amount of ethanol they sell by forcing them to sell premium gasoline. The investigation is in response to a request from Senators Chuck Grassley and Amy Klobuchar.
In Massachusetts, the Wall Street Journal picked up a blazing editorial written by Brooke Coleman, Director of the Advanced Ethanol Council, in response to the journal’s article, “Put a Corn Cob in Your Tank,” which ran on August 17th. The opinion piece argues that ethanol blending “certainly doesn’t increase gas prices,” refuting arguments in the […]
In Colorado, Sen. Michael Bennet toured Gevo’s isobutanol plant on Friday, meeting with CEO Pat Gruber to discuss the importance of renewable fuels and chemicals for Colorado and the U.S.’s economies. “We applaud Senator Bennet’s support for the renewable energy industry and appreciate his visit to our headquarters to learn about the technology that makes […]
In Washington, U.S. Senators Amy Klobuchar (D, MN) and Chuck Grassley (R-IA) called on the Justice Department and Federal Trade Commission (FTC) to investigate possible anticompetitive practices by oil companies that limit consumers access to homegrown renewable fuels. In a letter to Attorney General Eric Holder and FTC Chairwoman Edith Ramirez, Klobuchar, the Chair of […]
In Indiana, a Purdue economist says that US biofuel production could reach 15.85 billion gallons in 2014, about 2.3 billion gallons shy of what the EPA is expected to mandate for blending. Much of that reduced production will come for a lack of cellulosic ethanol availability, though some of those gallons are from corn ethanol […]
In Washington, The Farm Service Agency of the U.S. Department of Agriculture (USDA) announced that purchase invitations have been extended to solicit bids to the Commodity Credit Corporation (CCC) through the Feedstock Flexibility Program (FFP). Congress created FFP in the 2008 Farm Bill which requires the purchase of sugar as a feedstock for producing fuel-grade […]
