Six years ago today, President George W. Bush signed into law the Energy Independence and Security Act of 2007 (EISA), which greatly expanded Renewable Fuel Standard (RFS) to become the RFS2. The goals of the new standard were to reduce our dependence on oil, confront global climate change, and expand production of renewable fuels for the security of future generations. …
Senate Energy Tax Reform Proposal
Senate Finance Committee Chairman Max Baucus (D-MT) today unveiled a proposal to streamline energy tax incentives. “It is time to bring our energy tax policy into the 21st century,” Senator Baucus said. “Our current set of energy tax incentives is overly complex and picks winners and losers with no clear policy rationale. We need a system of energy incentives that …
ICM Signs Canadian Ethanol Plant
Renewable energy technology company ICM of Colwich, Kansas has signed a Letter of Intent with IGPC Ethanol of Ontario, Canada to be the first Canadian adopter of ICM’s Generation 1.5™ technology. Adoption of the technology will enable IGPC Ethanol to produce corn fiber cellulosic ethanol. “Through our previous collaboration with ICM, we believed it was important to continue down the …
Legislation Would Extend Biofuels Tax Credits
Legislation introduced last week in the House would extend expiring tax incentives important to the development of next generation biofuels. Rep. Scott Peters (D-CA) introduced the “Second Generation Biofuels Extension Act of 2013” (H.R. 3758) which would extend for one year the Second Generation Biofuel Producer Credit and the Special Allowance for Second Generation Biofuel Plant Property. Four fellow Democrats …
Analyst Offers Sobering Ethanol Outlook
AgResource Company president Dan Basse looked at the year in review for grain markets and gave his outlook for the future at the American Seed Trade Association (ASTA) CSS 2013 and Seed Expo last week in Chicago. That included a pretty sobering outlook for corn and ethanol. First off, Basse said he expects North America to be “energy self-sufficient by …
USDA Increases Corn Use for Ethanol
Despite the Environmental Protection Agency proposal to lower corn ethanol volume obligations for 2014 under the Renewable Fuel Standard (RFS), USDA’s December supply/demand report is predicting a 50 million bushel increase in corn use for ethanol next year. Ending stocks are now expected to total 1.792 billion bushels, down 5 percent from last month’s estimate. The new report also calls …
Big Turnout Expected for EPA RFS Hearing
A huge turnout is expected Thursday at a public hearing on the Environmental Protection Agency’s proposed Renewable Fuel Standard volume obligations for 2014. Literally busloads of stakeholders, both opposed to and in favor of cutting the requirements, are attending the hearing at the Hyatt in Crystal City, Virginia. Iowa Governor Terry Branstad will be attending with several Iowa livestock producers, …
RFS Proposal Could Devastate Rural Economy
Representatives from state government, the agriculture community, and the ethanol industry all say the Environmental Protection Agency’s proposed 2014 Renewable Fuel Standard (RFS) biofuels requirements would have a negative impact on agriculture and rural economies. During a telephone press discussion today about the proposal, Iowa Governor Terry Branstad said he was proud of his state’s leadership in biofuels production and …
EPA to Hold Hearing on RFS Proposal
The Environmental Protection Agency has scheduled a public hearing on its proposal to lower the volume obligations under the Renewable Fuel Standard (RFS) for 2014. According to a notice in the Federal Register, the hearing will be held December 5 at the Hyatt Regency Crystal City in Arlington, Virginia. The event will begin at 9:00 in the morning and “end …