Discussions are expected to continue this week between oil refinery and biofuels interests over the price of Renewable Identification Numbers, or RINs, which were created under the Renewable Fuel Standard (RFS) as a way to encourage refiners to blend more biofuels. Renewable Fuels Association (RFA) member plant owners are united in their opposition to the idea of capping RIN prices …
Monday Meeting Creating a Buzz in Biofuels
With another White House meeting about the price of Renewable Identification Numbers (RINs) now scheduled for Monday, the biofuels industry is getting the word out about how capping prices of RINs would devastate the Renewable Fuel Standard (RFS). Former Renewable Fuels Association chairman Randy Doyal, CEO of Al-Corn Clean Fuel in Claremont, Minnesota says the industry as a whole is …
Auto Expert Shares Thoughts on Ethanol at NEC
Participants at the 2018 National Ethanol Conference heard from renowned auto expert and commentator Marc Rauch, Executive Vice President and Co-Publisher of TheAutoChannel.com, on his efforts to educate the auto community and beyond on the use of ethanol in vehicles. Rauch shared a history of ethanol use around the world and myths that have been spread to negatively impact the …
Rail Issues Impacting Your Business
Rail continues to safely and efficiently serve as ethanol’s “virtual pipeline.” A panel discussion during the 2018 National Ethanol Conference focused on the important role rail transportation plays in the ethanol industry, including updates on regulatory developments, safety issues, and railcar fleet trends. The panel included moderator Kelly Davis, Vice President of Regulatory Affairs, Renewable Fuels Association; Mark Maday, Staff …
ICM and The Andersons Collaborate on New Bio-refinery
ICM, Inc., and The Andersons, Inc., are partnering to own and construct a state-of-the-art bio-refinery in Colwich, Kansas. ELEMENT, LLC will be a 70 MGY bio-refinery combining ICM’s next-generation technologies, with the merchandising, risk management and logistics expertise of The Andersons. “The Andersons and ICM share a common vision. We strive to utilize our combined experience and expertise to build …
Ethanol Report on RINs in the White House
President Donald Trump has been meeting with stakeholders in the biofuels and refinery industries to find a way to lower Renewable Identification Number (RIN) prices that is acceptable to both sides. Two main options are a cap on RIN prices, or allowing year round sales of E15, or some combination of both. In this edition of The Ethanol Report, we …
Enogen® Premiums Will Top $100 Million in 2018
For the past five years, Enogen® corn enzyme technology has given farmers the opportunity to be enzyme suppliers for participating ethanol plants and earn a per-bushel premium, and by the end of this year, Syngenta expects total premiums paid to Enogen corn growers to top $100 million. Syngenta made that announcement at the Commodity Classic last week. Chris Tingle, head …
Perdue Answers RINs Question During Town Hall
U.S. Secretary of Agriculture Sonny Perdue held a town hall on the main stage in the Commodity Classic Trade Show Thursday and answered some questions from a few of the hundreds of farmers who gathered to watch and listen. Former National Corn Growers Association president Pam Johnson of Iowa wanted to know specifically if the secretary supported a cap on …
Perdue Pledges “Unequivocal” Support for RFS
A lot of drama and speculation preceded the appearance of Agriculture Secretary Sonny Perdue at Commodity Classic, thanks to some reports questioning his support for the Renewable Fuel Standard (RFS), so he wasted no time in stating his “unequivocal” support for the law. “I have not and will not support any policies in this country that diminish the demand, undermine …
Northey Confirmed But No White House Deal on RFS
Bill Northey is at last free to take the job at USDA that he was nominated for almost six months ago after Sen. Ted Cruz (R-TX) lifted his hold on the nomination and allowed the confirmation Tuesday. The Senate confirmed Northey on a voice vote to become USDA’s undersecretary for farm production and conservation as Sens. Cruz, Pat Toomey (R-PA), …