Legislation that would immediately repeal the Volumetric Ethanol Excise Tax Credit, or VEETC, is drawing criticism from ethanol interests. U.S. Senators Tom Coburn (R-OK) and Ben Cardin (D-MD) this week introduced the repeal as an amendment to the small business reauthorization bill, currently under consideration in the Senate. “The ethanol tax credit is bad economic policy, bad energy policy and …
Kenny Wallace & RAB Racing Partner With American Ethanol
American Ethanol has officially become an associate sponsor of RAB Racing with Brack Maggard. The No. 09 Toyota Camry driven by Kenny Wallace will feature the American Ethanol logo on the hood of its car for the 2011 NASCAR Nationwide season beginning this weekend with the Feb. 26, BASHAS’ SUPERMARKETS 200 race at the Phoenix International Raceway. In Phoenix the …
Clinton Strikes Nerve with Ethanol Comment
Former President Bill Clinton struck a raw nerve with ethanol supporters with his comments at the U.S. Department of Agriculture’s annual Outlook Forum today. “We have to become energy independent but we don’t want to do it at the expense of food riots,” Clinton said, calling for a periodic reassessment of the industry “with 3-5 year time horizons based on …
NASCAR Season Kicks Off With Ethanol
Although ethanol’s “driver” Clint Bowyer didn’t win the Daytona 500 this weekend, ethanol scored a victory as the “The Great American Race” this past Sunday was the first time all the cars raced using Sunoco Green E15. There were more than 120,000 fans at the race and millions of fans watched the action on TV and witnessed the ethanol partnership …
Corn Forecast Bright for Ethanol
Corn stocks may be a little tight right now, but National Corn Growers Association CEO Rick Tolman thinks that is probably a short term situation “Still our biggest challenge is that we can overproduce the market,” Tolman said during an interview after a presentation at the National Ethanol Conference on Monday. “Farmers respond to incentives, there’s an incentive right now …
American Ethanol has NASCAR Racing Partner
American Ethanol has entered into a sponsor partnership with Richard Childress Racing and its No. 33 Chevrolet driver, Clint Bowyer, for the 2011 NASCAR Sprint Cup Series season. American Ethanol will be the primary sponsor of the No. 33 Chevrolet car at the June 5th Kansas Speedway 400 and an associate sponsor of the car for the rest of the …
Comments on USDA Supply Demand Report
There were not many changes in the February World Agriculture Supply and Demand Estimate (WASDE) report out today, except in the corn department. Corn used for ethanol is projected 50 million bushels higher on a higher-than-expected November final ethanol production estimate and weekly ethanol data that indicate record output for December and January. USDA chief economist Joe Glauber says ethanol …
Sunoco Green E15 Ready to Race
The 53rd running of the Daytona 500 is around the corner, February 20, to be exact, and when this event takes place, it will mark the beginning of a new era – the era of NASCAR running on Sunoco Green E15. This 2011 season, all three national NASCAR series will be running on this American made, American produced fuel and …
NASCAR Partnership With American Ethanol
NASCAR is in the middle of making an announcement of a “major long-term partnership with American Ethanol which is being led by Growth Energy. You can see a video that was just published below. I hope to have some audio from the announcement added after the official public announcement which is taking place in Las Vegas as of this posting. …
Corn Growers Adopt New Logo
The National Corn Growers Association has unveiled a new logo for their identity. It’s the first time the organization has adopted a new brand in many years. “In August, we reached a record membership level of 36,216 individual dues paying members,” said NCGA President Bart Schott, a corn farmer in Kulm, N.D. “We’ve also got a record number of entries …