According to a policy brief authored by Bruce Babcock with the Center for Agricultural and Rural Development (CARD), the U.S. ethanol industry will face lower profit margins in 2013 due to increased corn prices caused by the drought. With a saturated ethanol market, ethanol mandates that will be implemented in 2013 and 2014 can possibly be met only if ethanol …
REG Reduces Debt with Seneca Payoff
The country’s largest biodiesel producer, Renewable Energy Group (REG), has paid off its long-term debt obligations of its operating biorefinery subsidiary in Seneca, Illinois. REG Seneca, LLC retired its outstanding long-term debt obligation of $34.5 million on December 21 with cash generated from operations since April 2010. This amended and restated credit agreement went into effect April 2010 with Portigon …
Ethanol Industry Pleased With Tax Extensions
Very early this morning the American Taxpayer Relief Act of 2012 was passed that included several one-year biofuel tax extensions including the Cellulosic Producer Tax Credit. While the ethanol industry was pleased with the bill, they remain outspoken that the biofuel industry needs a long-term federal commitment – not just one year. Brooke Coleman, Executive Director of Advanced Ethanol Council …
Production Tax Credit for Wind Energy Extended
Several wind energy tax credits have been extended with the passage of the bill to avert the “fiscal cliff”. The tax credits are estimated to save up to 37,000 jobs while reviving business at nearly 500 manufacturing facilities across the U.S. according to the American Wind Energy Association (AWEA). Both the Production Tax Credit (PTC) and Investment Tax Credits for …
Second E15 Station Opens in Iowa
The Fredericksburg Coop in Fredericksburg, Iowa is now offering E15. The station is the second in Iowa to offer consumers E15. Fredericksburg Coop is located in Northeast Iowa on Highway 18 West. “I believe retailers see great value in offering a less expensive, cleaner, more American-made fuel option like E15 to their consumers,” said Fredericksburg Coop Petroleum Manager Steve Neuendorf. …
Fiscal Cliff Aversion Benefits Biodiesel
The U.S. House of Representatives burned the midnight oil of the first day in the New Year and signed the Senate’s “fiscal cliff” bill. The package includes several tax extenders items, including the reinstatement of the 2013 biodiesel blenders tax credit as well as retroactive credit for 2012. Shortly after the vote, the biodiesel industry reacted including the Renewable Energy …
A Look at 2012 on DomesticFuel
2012 was a challenging year for the renewable fuels industry. The biodiesel tax credit expired, the Renewable Fuels Standard was attacked, E15 continues to be attacked and there is yet to be a Farm Bill passed. With the fiscal cliff looming, many tax credits and incentives for wind, solar and advanced renewable fuels are set to expire. This uncertainty caused …
Top Stories for 2012
This is the time of year where people reflect on the year past and look to the next year. 2012 was a roller coaster year for the alternative energy industry but amidst some struggles, the industry saw many successes. Here is a brief look at some of the top stories for 2012 covered on DomesticFuel. Top Stories for 2012: National Defense …
Best Books of 2012
If your New Year’s resolution to is get a bit smarter about alternative energy and the environment, then start your education with the Best Books of 2012. Here are the top five best books I read in 2012. 5. “The Powers That Be,” by Scott L. Montgomery 4. “Eaarth,” by Bill McKibben 3. “Sustainable Transport Fuels,” by David Thorpe 2. “Rooftop Revolution,” …
Book Review – Build the New City!
Here is an idea to take into the new year – build a new city – or a utopia for the future. Author Todd Durant proposes the U.S. “Build The New City!” to solve three major problems: create millions of jobs, preparation for population growth and rising sea levels and national pride. Some of our readers may be familiar with …