A new report from Informa Economics released today concludes that ethanol production is not causing a “strict food-versus-fuel tradeoff” that automatically drives consumer food prices higher. The report, which was prepared for the Renewable Fuels Foundation, is an historical analysis of corn, commodity and consumer prices from 1985-2010. One of the key findings of the study was that no single …
UNICA Supports End of Ethanol Tariff
Earlier this week, the Senate compromised on some ethanol legislation that would eliminate the ethanol blenders tax credit (VEETC) at the end of this month. The agreement also eliminates the ethanol tariff on July 31, 2011, five months ahead of the original expiration date of December 31, 2011. The bipartisan Ethanol Reform and Deficit Reduction Act was submitted by U.S. …
Ethanol Report on Senate Compromise
An agreement was announced Thursday by U.S. Senators John Thune (R-S.D.) and Amy Klobuchar (D-Minn.) and Dianne Feinstein (D-CA) that would end the existing 45 cent per gallon Volumetric Ethanol Excise Tax Credit and associated import tariff at the end of this month, reducing the nation’s deficit by $1.3 billion while still providing $668 million for renewable fuel incentives such …
Senate Compromise Reached on Ethanol Tax Credit
A deal has been reached in the Senate that would eliminate the ethanol blenders tax credit but still provide incentives for infrastructure development. U.S. Senators John Thune (R-S.D.) and Amy Klobuchar (D-Minn.) announced the agreement “that allows for a transition to a more sustainable model of incentives for domestic renewable fuel production while reducing the nation’s deficit by $1.3 billion.” …
Industry Questions Ethanol Hearing Witness List
The House Committee on Science, Space and Technology’s Subcommittee on Energy and Environment is holding a hearing today on “examining the science” of 15% ethanol in fuel, but the corn ethanol industry is questioning the list of witnesses, which appears to be somewhat lopsided. “The Environmental Protection Agency has been thorough in its work on the E15 waiver request and …
Loan Guarentee Offered for Cellulosic Ethanol Plant
The government is paving the way for the nation’s first commercial cellulosic ethanol plant in Iowa. U.S. Energy Secretary Steven Chu and Agriculture Secretary Tom Vilsack made the announcement today of a $105 million loan guarantee to support the development of Project LIBERTY, sponsored by POET and located in Emmetsburg, Iowa. “This project will help decrease our dependence on oil, …
Load Toad Available for Ethanol Producers
The Load Toad™ was on the loose in Indianapolis last week. The patented Load Toad™ technology that evenly distributes distillers’ dried grains onto rail cars was unveiled for the first time at the 2011 Fuel Ethanol Workshop in Indianapolis, IN. It was first announced at the end of last year. “The Load Toad is used with conventional loading to enhance …
Corn Growers Proud to Promote American Ethanol
At the 2011 Fuel Ethanol Workshop last week, the CEO of the National Corn Growers Association (NCGA) accepted an award for promoting the advancement of ethanol on behalf of the corn industry as a whole. “It’s more of an award for the people that I work with, the farmers, our leaders, our great staff, the state groups,” said Rick Tolman …
Iowans Have Saved $50M in Fuel Costs in 2011
Looking to save some cash on fuel costs? For those who can’t reduce your driving should consider filling up with ethanol or E10 to be exact. Drivers in Iowa who have fueled up with E10 in 2011 have saved $50 million during the first five months of the year according to the Iowa Renewable Fuels Association (IRFA). Ethanol sales in …
Biofuels Arrive in Tarrant, Alabama
Biofuels have arrived in Tarrant, Alabama. Pacific Pride Services, a subsidiary of Wright Express Corporation, has announced that in partnership with Quality Petroleum of Alabama the opening of the first Commercial Fuel Center offering both biodiesel for fleet customers as well as ethanol. The new location is Quality Petroleum’s eighth Pacific Pride Fuel Center in Alabama and joins more than …