The American Coalition for Ethanol (ACE) also voiced concern about oil reaching $100 a barrel for the first time this week. ACE Executive Vice President Brian Jennings said, “For the sake of the nation’s economic health, our New Year’s resolution must be to put the brakes on this costly and risky reliance on oil and accelerate our use of domestically …
New POET Plant Opening
POET Biorefining – Leipsic will host a grand opening ceremony January 10 to mark the beginning of ethanol production. This facility will be the first operating ethanol plant in the state of Ohio and POET’s 22nd ethanol production facility. Among the speakers scheduled to kick off the new plant are Renewable Fuels Association president Bob Dinneen, Ohio Governor Ted Strickland …
Oil Hits $100 a Barrel
Crude oil prices broke the $100 a barrel barrier for the first time today on rising concerns over violence in Nigeria. Light, sweet crude for January delivery rose $4.02 to $100 a barrel on the New York Mercantile Exchange, before slipping back to $99.48. Robert White, interim head of the Ethanol Promotion and Information Council, says higher oil prices translate …
Happy ReNEWable Fuels Year
The Energy Independence and Security Act of 2007 will get the new year underway with a burst of renewable fuels. The bill, signed by President Bush on December 19, includes an expanded Renewable Fuels Standard that requires significant development of other feedstocks to produce ethanol. This edition of “Fill up, Feel Good” features comments by President George W. Bush, EPIC …
Indy Vettes
History will be made at the 2008 Indianapolis 500 when not one, but two distinctive vehicles will serve as the official pace cars. Chevrolet and Indianapolis Motor Speedway officials gathered at the Indianapolis Auto Show Thursday to make the announcement. One of the pace cars is a customized Corvette Z06 E85 concept that runs on E85 ethanol fuel that will …
Missouri Ready for E-10 Requirement
Missouri is prepared for a law requiring a ten percent ethanol blend to kick in next week. According to an article in the Kansas City Star, most of the gasoline sold in Missouri already being blended with ethanol. The law “sent a tremendous signal,” said Gary Marshall, chief executive officer of the Missouri Corn Growers Association, and E-10 now meets …
Energy Bill Signed
President George W. Bush today signed the Energy Independence and Security Act of 2007 and ushered in a new era in the way America produces and uses energy. Bush says the new law is “a major step toward reducing our dependence on oil, confronting global climate change, expanding the production of renewable fuels and giving future generations of our country …
President Prepares to Sign Energy Bill
President George W. Bush is expected to sign the Energy Independence and Security Act of 2007 into law on Wednesday, after passage of the Senate bill by a vote of 314 to 100 in the House today. Speaker of the House Nancy Pelosi (D-CA) called the bill “groundbreaking in what it will do.” The bill makes the first statutory increase …
Energy in the Farm Bill
The Food and Energy Security Act of 2007 passed by the Senate last week includes increased funding for alternative energy sources. “I’m particularly excited about the energy title,” said Senator Saxby Chambliss (R-GA), ranking Republican on the Senate Ag Committee. “The energy title gives farmers in my part of the country an opportunity to participate in alternative energy, ethanol and …
Pioneer Joins Iowa Corn Indy
Pioneer Hi-Bred has teamed up with the Iowa Corn Promotion Board and Corn Growers Association to sponsor the Iowa Corn Indy 250 in 2008 and 2009. “We are excited about the opportunity to help showcase the advances being made in biofuels and the role they can play in the effort to reduce our nation’s reliance on petroleum,” said Paul Schickler, …