NEC Registration At Feverish Pace
Registration for the 16th Annual National Ethanol Conference on February 20-22, 2011 is filling up fast. So fast in fact that there is concern that the hotel rooms at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona are going to be gone right along with 2010. The focus for this year’s conference is Building Bridges to a …
Ethanol Report on Senate Passage of Tax Bill
In this edition of “The Ethanol Report” we get reaction from Renewable Fuels Association president and CEO Bob Dinneen on the passage by the Senate of the compromise tax package that includes a one-year extension of important tax incentives for ethanol production and use. Dinneen says they are thrilled with passage of the measure, which gives some stability to the …
Senate Passes Tax Package
The Senate has overwhelmingly passed what is likely to be an early Christmas present for everyone, including renewable energy interests, with tax credits for ethanol and biodiesel extended for another year. The vote was 81 to 19 to pass the bill, which was primarily to extend both unemployment benefits and the Bush era tax cuts. The House is expected to …
Minnesota Stations Offer Frequent Ethanol User Cards
Three fuel stations in Minnesota are now offering drivers of Flex Fuel Vehicles (FFVs) a chance to save money with frequent ethanol user cards. The Meadowland C-Store Cenex in Wabasso, Meadowland Farmers Coop in Lamberton and Country Pride Services in Windom are providing frequent fuel punch cards (one per household) to the first 50 flex fuel vehicle drivers starting today. …
Sen. Grassley Defends Ethanol Tax Credit
During his Tuesday morning press call with agriculture reporters, Sen. Chuck Grassley (R-IA) once again defended the tax credit for ethanol being extended in the tax bill poised to be passed by the Senate. “Extension of both the ethanol credit and tariff have garnered a great deal of attention,” Grassley said. “It’s easy to see that ethanol has proved its …
Ethanol Tax Incentive Cost Perspective
The cost of extending the ethanol blenders tax credit for another year is well worth it, according to the Renewable Fuels Association. Extending the Volumetric Ethanol Excise Tax Credit (VEETC) is estimated to cost about $6 billion dollars in 2011 at the current rate in the Senate bill of 45 cents per gallon. The United States spends about $750 million …
Ethanol By the Numbers
U.S. exports of ethanol remained strong in October at 34.9 million gallons, according to the latest government information, with the total of January-October at a record high 286 million gallons. The current forecast is for the U.S. to export more than 325 million gallons of ethanol this year, more than double the previous record of 158 million gallons in 2008. …
Broin Recives Indiana Paul Dana Award
The Indiana State Department of Agriculture has recognized POET President and CEO Jeff Broin with the 2010 Paul Dana Excellence in Bioenergy Leadership Award. POET is the nation’s largest ethanol production company with 27 plants producing more than 1.7 billion gallons of ethanol a year. ISDA Director Joseph Kelsay presented the award during the Greater Indiana Clean Cities Awards Ceremony …
Senate Deal Includes Ethanol and Biodiesel
A renewal of the ethanol blenders tax credit, reinstatement of biodiesel incentives and help for wind and solar companies have all reportedly made it into the Senate compromise that extends both unemployment benefits and expiring tax cuts. According to the Renewable Fuels Association, the compromise legislation would extend the current Volumetric Ethanol Excise Tax Credit (VEETC) just through 2011 at …