A new analysis by University of Illinois economist Scott Irwin finds that the impact of a 10-cent cap on RIN prices, as proposed by Texas Sen. Ted Cruz, would be “catastrophic” for the renewable fuels industry. Specifically, such a price cap would serve as the mortar in the oil industry’s attempt to rebuild the “blend wall.” Irwin finds that “…the …
President Meets With RFS Stakeholders
A White House meeting Thursday with representatives from both the biofuels and refinery industries was the latest effort this week to try and find a compromise on the Renewable Fuel Standard (RFS) that is acceptable to both sides. Biofuels representatives at the meeting included Todd Becker of Green Plains Renewable Energy; Jeff Broin, POET; Charlie Good, Iowa fuel retailer; Bill …
Northey Confirmed But No White House Deal on RFS
Bill Northey is at last free to take the job at USDA that he was nominated for almost six months ago after Sen. Ted Cruz (R-TX) lifted his hold on the nomination and allowed the confirmation Tuesday. The Senate confirmed Northey on a voice vote to become USDA’s undersecretary for farm production and conservation as Sens. Cruz, Pat Toomey (R-PA), …
Industry Groups Anxious About White House RFS Meeting
Biofuels and agricultural groups are anxiously awaiting the outcome of a meeting today between President Trump and four Republicans senators over the Renewable Fuel Standard (RFS) Trump will be meeting with Sens. Ted Cruz (R-TX) and Pat Toomey (R-PA), who want to see changes in the RFS to protect refiners, and Iowa Sens. Charles Grassley and Joni Ernst, who want …
Why Ethanol Should Care About Electric Vehicles
It might be surprising to see electric cars on the agenda at the National Ethanol Conference. But that was the subject of a panel discussion at the recent meeting in San Antonio, Texas. The panel included Tammy Klein, Future Fuel Strategies; Eva Rigamonti, Society of Independent Gasoline Marketers of America (SIGMA)/Steptoe & Johnson; and Leslie Hayward, Securing America’s Future Energy …
NEC Hosts International Ethanol Buyers for Third Year
More than 150 business-to-business meetings between domestic ethanol producers and international buyers from five countries were held at the Renewable Fuels Association’s National Ethanol Conference in San Antonio last week. It was the third year for the conference to host the event through the Department of Commerce’s International Buyer Program (IBP), a joint government-industry effort to promote U.S. export sales. …
ACE Elects New Executive Committee
The American Coalition for Ethanol (ACE) Board of Directors recently elected officers and Executive Committee members for 2018. After five years serving as president of the organizatoin, Ron Alverson with Dakota Ethanol in Wentworth, South Dakota, will now serve as Treasurer of the organization this year. Duane Kristensen, representing Chief Ethanol Fuels in Nebraska accepted the nomination of President of …
New Analysis Shows RIN Prices Could Fall
A new analysis from the University of Illinois shows conditions that caused high conventional biofuel (D6) RIN prices are changing rapidly and that “…it is not out of the realm of possibility for D6 RINs prices to fall back their pre-2013 level of just a few cents without making any changes to the RFS.” According to a release from the …
Ethanol Report from #RFANEC18
The Renewable Fuels Association 23rd National Ethanol Conference with the theme “Ethanol Strong” was held February 12-14 in San Antonio, Texas. The event featured the annual “State of the Industry” address by RFA president and CEO Bob Dinneen, as well as panels and speakers on a number of important topics, from electric vehicles to RINs to the expanding export market. …
DOE Studies Show Benefits of High Octane Ethanol
Two studies released by the Department of Energy the day after this week’s National Ethanol Conference find that ethanol-based high octane fuels can deliver substantial fuel economy improvements and emissions reductions when paired with optimized internal combustion engines Among the findings, according to the Renewable Fuels Association are that alcohol fuels, including ethanol, offer many desirable properties that will help …