Georgia Governor Sonny Perdue this week proposed a sales tax exemption for materials and equipment used in the construction of biofuel facilities in Georgia. According to a press release from the governor’s office, the four percent tax incentive, an annual savings of $2 to 4 million, will be available to facilities producing and processing certain biofuels (ethanol, biodiesel and butanol) …
RR Spur Renovation Will Serve IA Ethanol Plant
Green Plains Renewable Energy and BNSF Railway Company have completed renovation of the rail spur running from Red Oak, Iowa to Shenandoah, Iowa. The spur will serve the 50 million gallon per year ethanol plant being built by Green Plains in Shenandoah. GPRE is also building a second 50 million gallon facility near Superior, Iowa. Barry Ellsworth, CEO and President …
Corn Cob Hot Rod
The National Corn Growers Association, the Ohio Corn Growers Association, the Renewable Fuels Association and five-time International Hot Rod Association Funny Car champion Mark Thomas were on Capitol Hill Wednesday to promote ethanol’s success as America’s renewable fuel. Nearly 1000 people turned out to see the race car, which runs on 100 percent ethanol on the IHRA circuit. Pictured in …
Bill Would Bring Ethanol To Big States
New York lawmakers have introduced bills in Congress to provide tax credits for ethanol plants in four states which consume more than 2 percent of gasoline but make less than 2 percent of ethanol. The four states are New York, California, Florida and Texas. Small producers in these states would receive a credit of 20 cents per gallon of ethanol …
Bush Stumps for Ethanol in Alabama
President Bush made a stop in Hoover, Alabama on Thursday to recognize the city’s police department for using E85 fuel. “You know, the price of gasoline has been dropping, and that’s good news for the American consumer, it’s good news for the small business owners, it’s good news for the farmers. But it’s very important for us to remember that …
Brazil May Boost Ethanol Content
Bloomberg is reporting that Brazil is considering raising the ethanol content in the country’s gasoline to 25 percent to help increase sugar prices as producers harvest a record cane crop. According to the article, Brazil’s government, which has held talks with ethanol producers over the past weeks on raising the biofuel content in gasoline, hasn’t said whether it will adopt …
IRL Prepares to Fill Up, Feel Good
Learn more about the excitement at the Indy Racing League as they prepare to go 100 percent ethanol in 2007 in the latest “Fill Up, Feel Good” podcast from the Ethanol Promotion and Information Council. The podcast features comments from IRL President Tony George, VP John Lewis and Senior Technical Director Les McTaggert, drivers Jeff Simmons and Dario Franchitti, as …
Indy Starts With an “E”
A new era was unleashed Tuesday for IndyCar racing. The new Honda 3.5-liter V-8 racing engine made a successful debut on the 2.73-mile road course at Daytona International Speedway with two cars making a “trouble free” testing session, according to a release from the Ethanol Promotion and Information Council. It marked the first time in open-wheel competition that IndyCar engines …
15 Percent Solution?
This commentary from the Detroit News suggests that a 15 percent ethanol blend may be the best use of the fuel for the industry at this time. Sam R. Simon, a member of the National Petroleum Council and chairman of Atlas Oil Co., argues that, as opposed to E85, E15 is the best option because that 15-percent ethanol blend can …
A Case for Ethanol Free Trade Market
An Iowa State University economic study says the trade barriers are boosting the price of domestic ethanol and that removing them would “decrease the price for U.S. ethanol, while the world price would increase, as U.S. demand — and ethanol imports — would increase.” According to a press release from ISU’s Center for Agricultural and Rural Development, the study looks …