Agriculture Secretary Tom Vilsack says he intends to defend biofuels at the G-20 Summit of Agricultural Ministers in Paris this week, stressing their importance to the economy and the environment. “America is working on developing new feedstocks that don’t pit food versus fuel but that create new rural economic opportunities and allow us to continue to expand on our efforts …
Electric and Ethanol Power Win EcoCAR Competition
Cars designed to run on electricity and 85 percent ethanol took top honors in a competition to engineer a more fuel efficient and environmentally-friendly vehicle. A team from Virginia Tech University designed an extended-range electric vehicle (EREV) using 85 percent ethanol (E85) to win first place in the three-year EcoCAR: The NeXt Challenge competition sponsored by the Department of Energy …
Crazy Week for Ethanol in the Senate
For those of you who might be wondering just what the heck happened this week in the Senate, where they voted in favor of ethanol before they voted against it and then for it again, Renewable Fuels Association president and CEO Bob Dinneen offers some insight in a post on The E-xchange blog. Dinneen explains that the vote Tuesday to …
House Cuts Ethanol Blender Pump Funds
While an amendment to cut federal funding for ethanol blender pumps failed in the Senate, another one passed in the House. The amendment, offered by Rep. Jeff Flake (R-AZ) to the Agriculture Appropriations bill passed by a vote of 283-128. As the sun sets after a busy day on Capitol Hill for ethanol interests, the question is whether any of …
Ethanol Loses One Vote and Wins Another in Senate
The Senate voted to preserve federal funding for blender pumps right after it voted to end the ethanol blenders tax credit (VEETC) and associated tariff immediately. The amendment by Senator John McCain (R-AZ) to prevent federal funding to help pay for installing alternative fuel infrastructure such as blender pumps and storage tanks at gasoline stations. The measure failed on a …
Senate Votes to End Ethanol Blenders Tax Credit
The same amendment to end the ethanol blenders tax credit (VEETC) that failed in the Senate on Tuesday passed today on a vote of 73 to 27. The only difference between the two amendments is that Sen. Dianne Feinstein (D-CA) took the lead on it instead of Republican Tom Coburn of Oklahoma who broke procedure to bring it to the …
More Senate Ethanol Votes Today
An effort to end the ethanol blenders tax credit continues today in the Senate. Just two days after an amendment by Sen. Tom Coburn (R-OK) was defeated, the Senate is expected to vote on the same amendment, the effort this time spearheaded by Senator Dianne Feinstein (D-CA). A second amendment by Sen. John McCain (R-AZ) to prohibit federal investment in …
BYO Ethanol Helps Retailers With Blender Pump Applications
There is funding available for gas retailers to install ethanol blender pumps, the trick is navigating the application process to get it. That’s where Blend Your Own (BYO) Ethanol can help. The joint effort by the American Coalition for Ethanol (ACE) and the Renewable Fuels Association (RFA) is playing a key role in helping expedite the USDA REAP (Rural Energy …
Biofuels Benchmarking Annual Report Released
Christianson & Associates, a CPA and consulting firm for the ethanol, biodiesel and renewable energy industry, today released its 2nd Annual Biofuels Benchmarking Report. The report found several key findings: profitably increased for the industry on average 8 cents; equity to asset ratio increased more than 10 percent; and working capital improvements enabled plants to decrease long-term debt by an …
Ethanol Future Could be Headed to Senate Showdown
After the defeat Tuesday in the Senate of an amendment by Sen. Tom Coburn (R-OK) to immediately eliminate the Volumetric Ethanol Excise Tax Credit (VEETC), the ethanol industry is supporting another approach and the two concepts could be heading for a showdown in the Senate before the end of the month. “That indeed has been teed up with a commitment …