Aventine Renewable Energy officials expressed optimism about the future for ethanol this week as they emerged triumphant from bankruptcy. The Pekin, Illinois-based ethanol producer announced its successful emergence from Chapter 11 restructuring on March 15, naming Thomas Manuel as the company’s new Chief Executive Officer and Chief Operating Officer. “Emerging from bankruptcy with good liquidity, modest debt and lower overhead …
Ethanol Tax Incentive Loss Would Mean Lost Jobs
According to a report out today from the Renewable Fuels Association (RFA), failure to extend the Volumetric Ethanol Excise Tax Credit (VEETC) would reduce U.S. ethanol production capacity by 38% and eliminate 112,000 jobs in rural communities already hemorrhaging employment opportunities. “Ethanol has provided an unparalleled, value-added opportunity for agriculture and rural America,” said RFA President Bob Dinneen. “Supporting nearly …
Hawaiian Biofuels Firm Building Tennessee Plant
A Hawaiian biofuels firm recently announced an agreement to build a commercial scale biorefinery facility in Tennessee for the production of renewable jet or diesel fuel out of wood. Under the agreement between ClearFuels Technology of Aiea, Hawaii and Hughes Hardwood International of Collinwood, Tennessee, 1000 tons of wood product per day will be converted into approximately 16 million gallons …
RFA to Release Report on Cost of Ethanol Blenders Incentive Loss
The Renewable Fuels Association (RFA) is set to release a new report today warning about the economic ramifications of allowing the tax incentive for ethanol blending to expire at the end of the year. In a preview obtained by Domestic Fuel, allowing the Volumetric Ethanol Excise Tax Credit (VEETC) to expire would cost the country more than 100,000 jobs and …
Alabama Biofuels Workshop Focuses on Emerging Market
Over 100 fleet managers, city, state and county government representatives, fuel producers and distributors and fuel retailers gathered together Wednesday in Dothan, Alabama to become informed leaders for the state’s emerging biofuels marketplace. “We are gathered here today to bring you more awareness of the five alternative fuels of propane, compressed natural gas, E85, biodiesel and electric vehicles,” said Mark …
Growth Energy Member Comments on Conference
The first annual leadership conference for Growth Energy, the ethanol industry organization that was formed just 16 months ago, was held this week in Phoenix to focus on the future. The conference included roundtable discussions on a number of topics, including navigating policy in Congress during an election year. A bipartisan panel moderated by Growth Energy CEO Tom Buis featured …
Growth Energy Holds Leadership Conference
Growth Energy held a series of roundtable discussions on the ethanol industry during an Executive Leadership Conference this week in Phoenix. The conference kicked off on Monday with a discussion on the national security implications of continuing America’s dependence on foreign oil. The panel featured Gen. Wesley Clark, Co-Chairman of Growth Energy, and Dr. Gal Luft, Executive Director for the …
Ethanol Report on What’s Wrong With RFS2
In this edition of “The Ethanol Report,” we hear from Geoff Cooper, Vice President of Research and Analysis for the Renewable Fuels Association, about what is right and what is wrong with the rule for the expanded Renewable Fuel Standard released early last month by the Environmental Protection Agency. The good news is that the RFS2 improves upon the rule …
Brazilian Ethanol Powers IndyCar Series Again
The IZOD IndyCar Series makes its debut this weekend in South America with the Sao Paulo Indy 300 powered by Brazilian ethanol. The Brazilian Sugarcane Industry Association (UNICA) has renewed its fuel supply agreement with the Indy Racing League for the 2010 IZOD IndyCar Series season, which opens on Sunday, March 14, with a race in Brazil’s largest city, São …
Register Early for FEW and Win an iPod
The preliminary agenda for the 2010 Fuel Ethanol Workshop has been announced, along with incentive to register early. Register by March 16 to save $200 and be entered in a drawing to win an iPod Touch. The winner will be announced on March 17. The 26th Annual Fuel Ethanol Workshop & Expo features more than 120 industry professionals delivering presentations …