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. …
Familiar Face Goes to Work for Protec Fuel
A familiar face in the ethanol industry, and a familiar name here on Domestic Fuel, is now working for Florida-based Protec Fuel. Michelle Kautz has been hired as the company’s Public Relations/Development Director to manage Protec’s marketing and public relations programs along with coordinating sales efforts targeted at fuel distributors and retailers. Kautz has been working in the ethanol industry …
2010 Pivotal Year for Verenium
This year was a pivotal for Verenium in many ways both operational and financial as announced by the company today. In particular, on the financial side, the company raised $98.3 million and reduced operating losses through the sale of assets to BP; repurchased $21 million of convertible notes, extinguishing all remaining 8% notes; and are on track to achieve revenue …
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 …
Angry Sparks Turning to Flames Over Ethanol Tax Package
As the domestic ethanol industry’s confidence climbs that their ethanol tax incentives will see at least one-year extensions, angry sparks are turning into flames from those opposed to the move. One group in particular that has voiced its opposition to the passing of the Volumetric Ethanol Excise Tax Credit (VEETC) as well as the ethanol tariff is the Brazilian Sugarcane …
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 …
Iowa City Woman Wins $7,500 In Free Fuel & Food
An Iowa City woman received a very welcome early holiday gift – free food and fuel for a year from the Iowa Corn Growers Association. Katie Ortmann was the winner of the Iowa Corn Fed GameDay GiveAway campaign when her name was called during halftime of the Iowa State versus Iowa men’s basketball game held this past Friday, December 10, …
Update On Biofuels Tax Credit Extensions
The biofuels industry has been watching closely as the various biofuels tax incentives make their way through the Senate. Today the U.S. Senate voted to invoke cloture on the motion to proceed to major tax legislation containing one-year tax extensions of key biofuels tax incentives including VEETC, the Small Ethanol Producer Tax Credit, Secondary Tariff, the Alternative Vehicle Refueling Property …
An Unusual Competitor To Biofuels?
According to an interesting article published in Zootaxaca, a taxonomy journal, scientists have unveiled an unusual competitor with humans for switchgrass, an energy crop with great potential for biofuels, the Blastobasis repartella moth. South Dakota State University entomologist Paul Johnson and agronomist Arvid Boe, along with other researchers, are studing the moth whose larvae are born into the stems of …
New Land Use Change Report Released
According to CABI and Hart Energy Consulting, while there has been much attention given to the idea that biofuel development will change land use around the world, there are still many gaps in knowledge about how much and in what ways those changes will manifest. To determine where more information about land use change is needed, the two organizations worked …