Yesterday the American Petroleum Institute (API) announced a new TV advertising campaign. According to API’s Senior Manager, Cindy Schild, the ad is designed to highlight the importance of the nation’s refining industry. She said a strong energy future for our nation depends in part on our ability to refine and distribute the fuels we need – and that sound decisions …
Pompeo Bill Would Increase Petroluem Favoritism
U.S. Representative Mike Pompeo (R-Kan) has introduced a bill dubbed the “Energy Freedom and Economic Prosperity Act.” The bill eliminates tax credits for new industries attempting to compete with petroleum while maintaining billions in taxpayer subsidies for Big Oil. Furthermore, the bill would immediately eliminate every tax credit for alternatives to petroleum, including cellulosic ethanol, biodiesel and wind. Yet the …
Commit to Increasing Biofuels
As the World Future Energy Summit takes place in Abu Dhabi, the Global Renewable Fuels Alliance called on policy development, business and technology sector leaders to commit to increasing biofuels’ share of the future global energy mix. The goal of the Summit is to advance future energy, energy efficiency and clean technologies. “The GRFA has demonstrated that increasing biofuels production …
Subsidies, Initiatives & New Efficiency Drive Profits
According to a new report, companies that invest more money in the research and development more efficient means of producing renewable energy, the better able the company is to satisfy consumers and drive growth. Additional growth is, and can be continued, through government subsidies and initiatives. Recently, there has been an increase in investments in the renewable energy field, especially …
Algae.Tec Awarded $12.15M from Australian Gov.
Algae.Tec has been awarded AU$12.15 million cash refund on Australian and overseas development costs for the financial years June 30, 2012 through June 30, 2015. The terms of the payment allow for an additional investment of AU$27 million on Algae.Tec technology developments, of which the Australian Government will reimburse 45 percent or $12.15 million. The approval is to support the …
Gov. Branstad Chairs Governors’ Biofuels Coalition
Iowa Governor Terry Branstad has been selected to become Chair of the Governor’s Biofuels Coalition (GBC) for 2013. Rick Schwarck, president of the Iowa Renewable Fuels Association, wrote a letter to Branstad, who will be speaking at their upcoming Summit, congratulating him. “Your leadership and willingness to serve as a great representative of Iowa has been instrumental in helping our …
U.S. Energy Initiatives to Build Biodiesel Plants
U.S. Energy Initiatives Corp (USEI) has signed a letter of intent to form a joint venture that will provide support to build several small scale biodiesel plants in California featuring Methes Energies Canada’s Denami 600 technology. Methes Energies Canada is a biodiesel equipment provider and biodiesel production. Collaboratively, a biodiesel plant will be built in Southern California with a nameplate …
API’s Crusade Against Ethanol Continues
Yesterday the American Petroleum Industry (API) released its annual “State of American Energy” report. The release of the report was part of an event where API President and CEO Jack Gerard gave an energy highlight speech. Following the event, Tom Buis, CEO of ethanol industry organization Growth Energy, said that Gerard’s speech brought nothing new to table. Buis said that …
Just in – Results from 100% Biofuel Jet Flight
The results are in from a flight powered by 100 percent biofuel. According to data released by the National Research Council of Canada (NRC), ReadiJet reduced emissions and provided better fuel efficiency than petroleum aviation fuel. ReadiJet is produced by ARA and Chevron Lummus Global using feedstocks developed by Agrisoma Resonance. Information collected in-flight on October 29, 2012 was analyzed by …
Corn, Ethanol Industries Drive Rural Economy
According to a new study released by the Missouri Corn Growers Association (MCGA), the state’s corn and ethanol industries are adding to the state’s bottom line. The study, conducted by the University of Missouri Commercial Agriculture Program, reported that the corn and ethanol industries injected $12 billion into Missouri’s economy from 2000 to 2011. Each year, the state’s ethanol industry …