In this edition of “The Ethanol Report” we get reaction from Renewable Fuels Association president and CEO Bob Dinneen on the passage by the Senate of the compromise tax package that includes a one-year extension of important tax incentives for ethanol production and use. Dinneen says they are thrilled with passage of the measure, which gives some stability to the …
Senate Passes Tax Package
The Senate has overwhelmingly passed what is likely to be an early Christmas present for everyone, including renewable energy interests, with tax credits for ethanol and biodiesel extended for another year. The vote was 81 to 19 to pass the bill, which was primarily to extend both unemployment benefits and the Bush era tax cuts. The House is expected to …
Minnesota Stations Offer Frequent Ethanol User Cards
Three fuel stations in Minnesota are now offering drivers of Flex Fuel Vehicles (FFVs) a chance to save money with frequent ethanol user cards. The Meadowland C-Store Cenex in Wabasso, Meadowland Farmers Coop in Lamberton and Country Pride Services in Windom are providing frequent fuel punch cards (one per household) to the first 50 flex fuel vehicle drivers starting today. …
Familiar Face Goes to Work for Protec Fuel
A familiar face in the ethanol industry, and a familiar name here on Domestic Fuel, is now working for Florida-based Protec Fuel. Michelle Kautz has been hired as the company’s Public Relations/Development Director to manage Protec’s marketing and public relations programs along with coordinating sales efforts targeted at fuel distributors and retailers. Kautz has been working in the ethanol industry …
DOE Offers Funding for Next Generation Biofuels
The U.S. Department of Energy is now accepting applications for up to $30 million in total funding for small-scale process integration projects that support the development of advanced biofuels that will be able to replace gasoline or diesel without requiring special upgrades or changes to the vehicle or fueling infrastructure. “Developing the next generation of American biofuels will enhance our …
Sen. Grassley Defends Ethanol Tax Credit
During his Tuesday morning press call with agriculture reporters, Sen. Chuck Grassley (R-IA) once again defended the tax credit for ethanol being extended in the tax bill poised to be passed by the Senate. “Extension of both the ethanol credit and tariff have garnered a great deal of attention,” Grassley said. “It’s easy to see that ethanol has proved its …
Ethanol Tax Incentive Cost Perspective
The cost of extending the ethanol blenders tax credit for another year is well worth it, according to the Renewable Fuels Association. Extending the Volumetric Ethanol Excise Tax Credit (VEETC) is estimated to cost about $6 billion dollars in 2011 at the current rate in the Senate bill of 45 cents per gallon. The United States spends about $750 million …
Ethanol By the Numbers
U.S. exports of ethanol remained strong in October at 34.9 million gallons, according to the latest government information, with the total of January-October at a record high 286 million gallons. The current forecast is for the U.S. to export more than 325 million gallons of ethanol this year, more than double the previous record of 158 million gallons in 2008. …
Broin Recives Indiana Paul Dana Award
The Indiana State Department of Agriculture has recognized POET President and CEO Jeff Broin with the 2010 Paul Dana Excellence in Bioenergy Leadership Award. POET is the nation’s largest ethanol production company with 27 plants producing more than 1.7 billion gallons of ethanol a year. ISDA Director Joseph Kelsay presented the award during the Greater Indiana Clean Cities Awards Ceremony …
Exelon Completes John Deere Renewables Purchase
Exelon Corporation today announced that the previously announced acquisition of John Deere Renewables has been completed. The acquisition of Deere’s wind energy business gives Exelon 36 wind projects in eight states that will now be called Exelon Wind, a division of Exelon Power. The projects amount to 735 operating megawatts of clean, renewable energy – enough to power 160,000 to …