AE Biofuels has announced that it has received $3.5 million in financing from Third Eye Capital Corporation. The money will be used to restart and operate the company’s ethanol plant in Keyes, California. In November 2010, AE Advanced Fuels Keyes, Inc. (AE Keyes) received $4.5 million from the same company to repair and retrofit the ethanol facility. AE Keyes officials …
Governors Urge Change in Corn for Ethanol Reporting
U.S. governors from Washington to New York to Texas are asking Secretary of Agriculture Tom Vilsack to change the way USDA reports the use of corn for ethanol production. In a letter sent to Vilsack this week, the Governors’ Biofuels Coalition urged the change to reflect the fact that corn for ethanol usage produces livestock feed in the form of …
Ethanol Interests Urge Defeat of VEETC Amendment
Legislation that would immediately repeal the Volumetric Ethanol Excise Tax Credit, or VEETC, is drawing criticism from ethanol interests. U.S. Senators Tom Coburn (R-OK) and Ben Cardin (D-MD) this week introduced the repeal as an amendment to the small business reauthorization bill, currently under consideration in the Senate. “The ethanol tax credit is bad economic policy, bad energy policy and …
USDA Offers Renewable Energy Funding
USDA is seeking applications to increase the production and use of renewable energy sources under three different USDA Rural Development renewable energy programs authorized by the 2008 Farm Bill. USDA is now accepting applications for loan guarantees in the Biorefinery Assistance Program, Repowering Assistance Program, and the Bioenergy Program for Advanced Biofuels. USDA is making approximately $463 million available under …
Are US Strategic Petroleum Reserves the Answer?
As gas prices continue to rise and in some areas across the country they are now over $4.00 a gallon, some are calling for oil to be released from the Strategic Petroleum Reserve (SPR) as a way to bring consumers relief. In fact, on average, gas prices are averaging 75 cents more per gallon than this week a year ago. …
Biodiesel, Ethanol Maker Signs ex-Oil Exec to Board
A company that is producing ethanol and biodiesel from non-food cellulosic wastes has welcomed a former oil industry executive to its board of directors. BlueFire Renewables, Inc. announced that Joe Sparano, a former President and, subsequently, Executive Advisor to the Chairman of the Board of the Western States Petroleum Association (WSPA), as well as former president of Tesoro Petroleum’s West …
New Study – More Ethanol Commitment Needed to Meet RFS2
In a new study from Air Improvement Resource, Inc. (AIR) commissioned by the Renewable Fuels Association (RFA), the requirements of the Renewable Fuels Standard (RFS2) can be met with ethanol if more infrastructure is put into place. In addition, more flex-fuel vehicles (FFVs) are needed. The report concludes that if “blender pumps” are made available at nearly one-third of the …
Vilsack: US Farms Producing Enough for Food & Biofuels
The man in charge at the USDA says American farmers are producing enough to provide the food AND fuel, in particular ethanol and biodiesel, this country needs. During the recent Commodity Classic, Secretary of Agriculture Tom Vilsack took on the food vs. fuel debate head-on. “It is irritating to me that we have to read about this all the time, …
Ron Miller Wins RFA 2011 Membership Award
“To many of you, Ron Miller requires no introduction. He has been ethanol long before ethanol was cool,” began Renewable Fuels Association (RFA) Chairman Chuck Woodside during his introduction of Ron Miller who won the 2011 RFA Membership Award during the National Ethanol Conference that recently took place in Phoenix, Arizona. Miller has been the Chairman of RFA three times …
2010 – Another Banner Year for Ethanol
According to data from the U.S. Energy Information Administration (EIA), 2010 was another record breaking year for American ethanol producers. Average daily ethanol production averaged nearly 863,000 barrels per day ( b/d). That represents 36.24 million gallons of daily production and nearly 13.23 billion gallons of production for calendar year 2010. 2009 ethanol production was 10.75 billion gallons. Imports for …