The National Biodiesel Board (NBB) and more than 50 member organizations are urging Congressional leaders to extend the biodiesel tax credit as soon as possible for at least 2018. In a letter to House and Senate leadership sent in advance of a hearing Wednesday morning, the biodiesel stakeholders said, “We believe that if the tax credit is extended through at …
Fuel Retailers Join Chorus Against RIN Price Cap
The American Coalition for Ethanol (ACE) gathered together three fuel retailers who market higher ethanol blends to talk about why a cap on the price of Renewable Identification Numbers (RINS) would be detrimental to their businesses. Bruce Vollan of Midway Service in South Dakota, Charlie Good of Good & Quick in Iowa, and Mike Lewis of Pearson Fuels in California, …
Iowa Biofuels Groups Spotlight Oil Industry Study
Iowa Renewable Fuels Association Executive Director Monte Shaw and Iowa Biodiesel Board Executive Director Grant Kimberley held a joint press conference Friday to discuss an oil industry study make public by Reuters that shows putting a cap on prices for Renewable Identification Numbers (RINS) would not be the “win-win” that Senator Ted Cruz of Texas has repeatedly said he wants …
Ethanol Interests Shout Opposition to RIN Price Cap
As concerns began to grow late last week that the Trump Administration was leaning toward a cap on prices for Renewable Identification Numbers (RINs) to appease oil refinery interests, biofuel interests went into high gear to get the word out about how that action would devastate the Renewable Fuel Standard (RFS). A White House meeting was reportedly set for today …
Ethanol Plant Operators Say No to RIN Price Cap
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 …
New Bill Takes Aim at Ethanol and Biodiesel
Legislation to change or repeal the Renewable Fuel Standard usually targets conventional ethanol, but companion bills introduced in Congress this week hit soy biodiesel as well. Rep. Peter Welch (D-Vt.) and Senator Tom Udall (D-N.M.) introduced the GREENER Fuels Act (Growing Renewable Energy through Existing and New Environmentally Responsible Fuels Act). The legislation is backed by former Rep. Henry Waxman, …
Ethanol Production Going Strong
For the first month of 2018, the amount of corn used to make ethanol in the U.S. was down two percent from December 2017 but up one percent from January 2017, according to the latest USDA Grain Crushings and Co-Products Production report. Corn use for fuel alcohol totaled 476 million bushels in January 2018 with dry milling fuel production and …
E15 Now Available at 158 Iowa Stations
Iowa has added a dozen new E15 stations since the end of 2017, bringing the total statewide to 158 fueling stations. Iowa-based Casey’s General Store added the most new stations, including locations in Sioux Center, Akron, Cedar Rapids, and Lone Tree. Kum & Go, Kwik Star, and Key Cooperative each added two new stations at various locations across the state. …
Ethanol and DDGS Exports Fall in January
U.S. ethanol exports dropped by half in January compared to December’s record high, according to government data released this morning and analyzed by the Renewable Fuels Association (RFA). January ethanol exports totaled 88.3 million gallons (mg), the lowest volume in four months. Despite the imposition of a tariff rate quota and 20% tariff in September, Brazil was the leading destination …