The new Senator-Elect for Kansas believes the ethanol and biodiesel tax credits will be extended by Congress in the lame duck session. “Both of those will be part of this tax package that I think can and will pass during the lame duck session,” said Rep. Jerry Moran (R-KS), who was just elected as senator after 14 years in the …
ICM to Retrofit Hereford Ethanol Plant
ICM, Inc. has signed a contract with Hereford Renewable Energy, a subsidiary of Murphy Oil USA, to retrofit an ethanol plant located near Hereford, Texas. Hereford Renewable Energy acquired the uncompleted plant from the lenders of its former owner, Hereford Biofuels, which filed for bankruptcy. “ICM is excited for the opportunity to continue its work with Murphy to help its …
King: GOP House Good for Ethanol, Biodiesel Tax Cuts
Republicans taking control of the U.S. House is good for the chances of the federal ethanol and biodiesel tax breaks seeing renewal … that’s according to a GOP member from Iowa. AgriNews.com reports that U.S. Rep. Steve King also believes that this Congress will have a lot more members who are from agricultural areas … also a positive trend: “That …
Ethanol, Biodiesel Trading Through Cloud Computing
Traders of ethanol and biodiesel have a new website to exchange the green fuels. This article from Ethanol Producer Magazine says the online trading platform from U.S. Biofuels Exchange, www.us-bx.com, uses “cloud computing” and requires no software for purchase, downloading or installation to post, buy, sell and make offers on biofuels for sale or biofuels wanted: “We offer biofuels producers, …
New USDA Reports Find Less Corn, More Ethanol
The latest reports from the U.S. Department of Agriculture are lowering the forecast for this year’s corn crop, but raising the expected use of corn for ethanol. Corn production is now forecast at 12.5 billion bushels, down 1 percent from the October forecast and down 4 percent from last year’s record production of 13.1 billion bushels. The reason for the …
RFA Urges White House to Support Cellulosic Ethanol
The Renewable Fuels Association (RFA) is urging the White House to “stay the course” on advance biofuels. In a letter hand to President Obama this week, RFA President and CEO Bob Dinneen urged the Obama Administration to maintain its commitment to the commercialization of cellulosic ethanol and other advanced biofuels. The RFA letter is in response to a White House …
Opponants File Lawsuit Over Ethanol Decision
A coalition of food and livestock organizations has filed suit in federal court to overturn the Environmental Protection Agency’s recent decision to allow gasoline containing 15 percent ethanol (“E15”) to be sold for cars manufactured in the 2007 model year or later. Farm and food petitioners in the suit, which was filed with the U.S. Court of Appeals for the …
More Cellulosic Ethanol Investment Needed
The Energy Information Administration (EIA) has lowered its projection for cellulosic ethanol production in 2011, which means investment in next generation biofuels is more important than ever. In a recent letter to Environmental Protection Agency (EPA) administrator Lisa Jackson, EIA administrator Richard Newell noted that they are now projecting cellulosic ethanol production will be just 3.94 million gallons next year, …
What Election Means for Ethanol
Renewable Fuels Association President and CEO Bob Dinneen held a conference call with reporters this morning to discuss what yesterday’s historic election results may mean for ethanol policy, both for the rest of this year and in the next Congress. “Washington will be a more Republican town in January,” Dinneen said. “Will that have a meaningful impact on the U.S. …