According to several sources, Mascoma Corporation has withdrawn its registration for its planned initial public offering (IPO). The company had hoped to raise as much as $100 million through the offering. The biofuel company has been focused on developing enzymes for breakdown of sugars in the cellulosic ethanol production process. In a filing, the company said it had determined not …
Engine Products Group Appeals E15 Partial Waiver
The Engine Products Group (EPG) is challenging the Environmental Protection Agency’s (EPA) decision to grant partial waivers approving the sale of gasoline containing E15 (fifteen percent ethanol, eighty-five percent gasoline) for 2001 model year and new passenger cars and light trucks. The Court of Appeals dismissed the case in August 2012 for lack of jurisdiction. Today, EPG has filed a …
AFPM Attack on RFS, Inaccurate, Typical
The American Fuel and Petrochemical Manufacturers (AFPM) held teleconferences last week in an effort to discredit the Renewable Fuel Standard (RFS). During the call, AFPM blamed increased gas prices on renewable fuels, which, says, Tom Buis, CEO of Growth Energy, is false. “Manipulating data and spreading misinformation is not the way to educate lawmakers and drive policy decisions. Our energy …
Florida Bill Would Repeal Ethanol Requirement
A bill has been introduced in the Florida legislature that would repeal the state’s Renewable Fuel Standard Act. Currently, the Florida law requires that all gasoline sold or offered for sale by a terminal supplier, importer, blender or wholesaler in Florida contain 9-10 percent ethanol, or other alternative fuel, by volume. Legislation to repeal that requirement was considered by the …
RFS & E10 Blend Wall White Paper Released
The U.S. House Energy and Commerce Committee has released a “white paper” analyzing the federal renewable fuels standard (RFS) and the so-called E10 blend wall. On page two, the white paper highlighted that new fuels are banned from competing with petroleum products unless first approved for use by the federal government. According to the Iowa Renewable Fuels Association (IRFA), this federal …
Economist Says E85 Will Solve RINS Price Issue
A highly respected oil economist believes the solution to the current Renewable Identification Numbers (RINs) price issue is more sales of E85 (85% ethanol). Economist Phil Verleger has weighed in on the RINS situation in the latest edition of Notes at the Margin, his weekly email report about news impacting the petroleum industry. “The obvious solution to the RIN price …
What’s the Real Deal with E15?
What’s the real deal with E15? Do we hate it? Do we love it? Well Big Oil certainly has not shown an affinity for the ethanol fuel blend. But why? According to Ron Lamberty, Senior Vice President for American Coalition for Ethanol (ACE), American Petroleum Institute (API) began its campaign against E15 as part of its attempt to get rid …
What is a RIN?
Recently, Rep. John Shimkus (R-IL) gave a one minute briefing on what, exactly, is a Renewable Identification Number (RIN). Shimkus explained: “Mr. Speaker, there’s been a lot of media coverage on RINs. A RIN is a Renewable Identification Number, which is given to refiners upon the purchase of renewable fuels. It is then used by refiners every February to establish …
Senate Spending Bill Keeps Military Biofuels
The U.S. Senate yesterday passed a continuing budget resolution that would keep the federal government operating through the end of the fiscal year on September 30th and keep funding for advanced biofuels testing in the military. By a vote of 40-59, the Senate rejected an amendment from Sen. Patrick Toomey (R-PA) that would have transferred $60 million in funding for …
Big Oil’s Big Stall
Big Oil lobbed another attack today against the biofuels industry. Brian Jennings, executive vice president of the American Coalition for Ethanol (ACE) responded by saying the Renewable Fuel Standard (RFS) is not about the oil industry’s comfort; it is about providing cleaner American-made alternatives to consumers. “The RFS costs taxpayers nothing and is doing exactly what Congress intended; saving consumers …