In advance of a vote in the Senate on an amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately, ethanol interests remain “cautiously optimistic” that the measure will fail. Seven agriculture and ethanol organizations sent a letter to the Senate leadership urging a no vote on the amendment proposed last week by Sen. Tom Coburn (R-OK). In it …
Thune/Klobuchar Bill Endorsed by Ethanol Industry
Senators John Thune (R-SD) and Amy Klobuchar (D-MN) along with a bipartisan group of nine other Senate colleagues have introduced the Ethanol Reform and Deficit Reduction Act. The bill is designed to modify the current Volumetric Ethanol Excise Tax Incentive (VEETC), which is a set tax, to a variable tax incentive tied to the price of oil. To help open …
Ethanol Industry Criticizes Coburn
The ethanol industry is criticizing Sen. Tom Coburn’s (R-OK) amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately. During the past few months, the ethanol industry has acknowledged that the time is near for the tax credit to be phased out and has offered bipartisan plans to phase out VEETC over the next five years. Growth Energy has …
ACE Invites Presidential Candidates to Energy Forum
The American Coalition for Ethanol (ACE) is inviting the candidates for the 2012 Presidential Election to participate in an energy policy forum in Des Moines, Iowa on Wednesday, August 24, 2011. As part of the open invitation, ACE sent an open letter detailing the ethanol industry’s position on the ethanol tax incentive (VEETC). Last month, former Minnesota Governor Pawlenty called …
Ethanol Groups Support Open Fuel Standard
While one biofuels group has expressed concern about Open Fuel Standard legislation, the three main ethanol organizations in the country are in favor of it. Renewable Fuels Association President and CEO Bob Dinneen says they endorse the Open Fuel Standard Act introduced by Representatives John Shimkus and Elliot Engel. Additionally, the RFA has endorsed similar legislation offered by Senators Tom …
Ethanol Industry Agrees With Pawlenty
Announcing his candidacy for the president in the heart of ethanol country, Republican Tim Pawlenty, former governor of Minnesota, made headlines Monday for his comments on phasing out ethanol subsidies, but the real story is that the industry agrees with him. “The hard truth is there are no longer any sacred programs,” Pawlenty said. “The truth about federal energy subsidies …
FREE Webinar: Navigating the USDA REAP Application Process
The Blend Your Own (BYO) Ethanol Campaign is hosting a FREE webinar called “Navigating the USDA REAP Application Process.” The webinar will provide participants with updated and in-depth information on ethanol blending, mid-level ethanol blends, E85 and infrastructure incentives. The BYO Ethanol Campaign is a joint effort between the Renewable Fuels Association (RFA) and the American Coalition for Ethanol (ACE). …
Senate Bill Would Modify Ethanol Tax Credit
U.S. Senator Chuck Grassley today introduced bi-partisan legislation to reform the current Volumetric Ethanol Excise Tax Credit (VEETC) while still supporting the domestic ethanol industry. Introducing the bill, Grassley said the Domestic Energy Promotion Act of 2011 would reduce the VEETC for a two year period before transitioning to a tax credit that would adjust based on the price of …
ACE Teams with Fuel Ethanol Workshop
The American Coalition for Ethanol (ACE) has teamed up with BBI International to better serve the ethanol industry as part of the International Fuel Ethanol Workshop & Expo (FEW). In recent years, ACE paired its annual conference with a trade show. This year, to better serve ACE members, ACE will partner with BBI as a Supporting Organization for the FEW, …
Corn Ethanol Policy Forum Held in DC
There have been numerous Senates hearings recently discussing elements of the country’s energy plan. A recent forum on Corn Ethanol Policy took place in the 112th Congress. While the forum was not broadcast, expected to give the opening remarks were Representative Jeff Flake (R-AZ), Representative Joe Crowley (D-NY) and Representative Earl Blumenauer. Flake’s aniti-ethanol amendment was passed in the House …