Ethanol and Oil State Senators Compete for EPA Help

Cindy Zimmerman Leave a Comment

During a hearing last week before the Senate Environment and Public Works Committee, EPA Administrator Andrew Wheeler was pushed by senators on both sides of the Renewable Fuel Standard for a commitment to helping them. Sen. John Barrasso (R-WY), who spearheaded a letter to Wheeler from oil state senators, expressed his dissatisfaction with the 10th circuit court decision regarding small …

Audio, EPA, Ethanol, Ethanol News

RFA CEO Says Worst May be Over for Ethanol Industry

Cindy Zimmerman Leave a Comment

The COVID-19 pandemic has continued to have a devastating impact on the U.S. ethanol industry, slashing production by half and leading to the idling of scores of plants across rural America. However, the industry may be finally turning the corner, according to Renewable Fuels Association (RFA) President and CEO Geoff Cooper. “We are starting to see some ethanol plants come …

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Ethanol Report 4-30-20

Cindy Zimmerman

Ethanol producers are literally in the battle of their lives for the survival of the industry, as losses continue to mount from restrictions on travel put in place due to COVID-19. The latest production data analyzed by the Renewable Fuels Association for the week ending April 24, ethanol production dropped another 4.6%, or 26,000 barrels per day (b/d), to 537,000 …

Audio, Ethanol, Ethanol News, Ethanol Report, Renewable Fuels Association, RFA

Ethanol Industry Losses Mount

Cindy Zimmerman

As the COVID-19 pandemic and crude oil glut continue to ravage world fuel markets, U.S. ethanol sales in 2020 could fall by more than $10 billion and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third, according to a new analysis by the Renewable Fuels Association (RFA). The economic losses stem from a “pernicious combination of …

Audio, Ethanol, Ethanol News, RFA

Ethanol Left Out of USDA Aid Plan

Cindy Zimmerman

U.S. ethanol producers struggling with the largest downturn in the history of the industry were disappointed to hear that the new $19 billion USDA aid program will provide no direct help for them. “While we appreciate that USDA’s new program provides needed assistance to the nation’s farmers and ranchers, it is unfortunate and disappointing that the 350,000 workers supported by …

Audio, biofuels, Ethanol, Ethanol News

President Trump Says Help for Farmers Coming Soon

Cindy Zimmerman

During the daily White House Coronavirus Task Force briefing on Thursday, President Donald Trump said help for hurting farmers is coming soon. “We have money going out to our farmers in the pretty near future,” said President Trump. “The farmers got hurt very badly by all of this. People are eating less from the standpoint that there’s no restaurants that …

AFBF, Audio, corn, Ethanol, Government

ACE: COVID-19 Exposes Flaw in RFS Rulemaking

Cindy Zimmerman

The American Coalition for Ethanol is urging the Environmental Protection Agency (EPA) to address a shortcoming in the implementation of the Renewable Fuel Standard (RFS) which has been exposed with the recent nosedive in gasoline use as a result of COVID-19. ACE CEO Brian Jennings explains that the world is very different today compared to the end of December. “At …

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Farm Bureau Details COVID-19 Impact on Ethanol

Cindy Zimmerman

Agricultural commodity prices are taking big hits from the COVID-19 emergency, and one of the most hard hit sectors is ethanol, according to the American Farm Bureau Federation (AFBF). In the past month, dairy prices have dropped 26-36%, corn futures have dropped by 14%, soybean futures are down 8% and cotton futures have plummeted 31%. Hog futures are down by …

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RFA Economist Discusses Ethanol Production Declines

Cindy Zimmerman

While the industry knew ethanol production was dropping due to coronavirus impacts on the transportation sector, the actual numbers from the Energy Information Administration for the week ending March 27 were sobering. A drop of more than 16 percent in a week to the lowest level in six and a half years. But Renewable Fuels Association (RFA) Chief Economist Scott …

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Lower Ethanol Demand Could Impact Planting Decisions

Cindy Zimmerman

USDA’s 2020 Prospective Plantings report released Tuesday estimates planted acres for corn this year at 97.0 million acres, up 8 percent or 7.29 million acres from last year. But when farmers were surveyed a month ago, coronavirus had yet to have the impact it is now having on ethanol demand and prices thanks to a drastic cut in demand for …

Audio, corn, Ethanol, Ethanol News, RFA