Today is Tax Day. While many Americans will receive a modest refund, oil producers are raking in the big bucks, $4 billion to $6 billion, through tax incentives dating back more than 100 years. Today, the Renewable Fuels Association (RFA) is pointing out that many of these century-old tax provisions never expire while the ethanol industry agreed to let its …
Push Poll Push Back
The American Petroleum Institute has unveiled yet another anti-biofuel poll. The latest released during a media call today was conducted by Harris Poll. According to the poll, 77 percent of registered voters are concerned that breaching the so-called ethanol blend wall would drive up the cost of gasoline for consumers and reduce the nation’s fuel supply (85 percent Republicans, 75 …
Latest #Ethanol Trade Statistics
The latest ethanol and distillers dried grains with solubles (DDGS) export numbers show Brazil is importing more U.S. ethanol as exports of DDGS continue to decline. According to Renewable Fuels Association (RFA) analyst Ann Lewis, exports of U.S. ethanol totaled 67.0 million gallons in February, down 23% from January’s 14-month high. “Brazil overtook recent leaders Canada and China as the …
Groups Ask for Advanced Biofuel Tax Extension
As the advanced biofuel tax credits get closer to expiring, six biofuel trade associations have called on federal legislators to pass a multi-year extension of the credits. In 2015, through the Protecting Americans from Tax Hikes Act of 2015, several programs were extended including: the Second Generation Biofuel Producer Tax Credit; the Special Depreciation Allowance for Second Generation Biofuel Plant …
Ethanol Report on Trade Mission to Peru
The Renewable Fuels Association (RFA) was part of a recent trade mission to Peru led by Agriculture Secretary Tom Vilsack which included discussions about increasing cooperation with that country when it comes to ethanol production and exports. The March 13-15 trip went to Lima and the Piura region, where cane-based ethanol is produced, and featured meetings with ministry of energy …
USDA Reports Positive for #Corn Supplies
The 2016 Prospective Plantings report out today from USDA’s National Agricultural Statistics Service (NASS) shows farmers expect to plant more corn than expected this year. U.S. corn growers expect to plant 93.6 million acres to corn this year, the first increase in corn planted acreage since 2012 and, if realized, will be the third largest corn acreage since 1944. Farmers …
Consumers Insulted by #Ethanol Poll
Renewable Fuels Association President and CEO Bob Dinneen reacted today to a poll released by the Outdoor Power Equipment Institute (OPEI) saying consumer awareness and knowledge of how to use higher ethanol blends remains relatively unchanged. The poll also found that consumers do not pay attention to the fuels they use. Dinneen pointed out that there has never been even …
House Members Urge Reduction in #Ethanol Tariffs
A bipartisan group of lawmakers sent a letter to U.S. Trade Ambassador Michael Froman this week urging him to examine opportunities to reduce any tariffs on U.S. produced energy, including ethanol, during the Transatlantic Trade and Investment Partnership (T-Tip) negotiations. “The U.S. ethanol industry has been unfairly targeted by the EU for increased duties (on ethanol) which have subsequently eliminated …
RFA, Growth Energy Join USGC
The U.S. Grains Council’s (USGC) membership is expanding. This month the Renewable Fuels Association (RFA) and Growth Energy became official members. Southwest Iowa Renewable Energy (SIRE) and Al-Corn Clean Fuel also joined this month. USGC says their newest members, especially the ethanol trade organizations, will benefit them in multiple ways as they work together to increase global ethanol exports. Both …
Lowes Removes ‘Ditch Ethanol’ Signs
The Renewable Fuels Association wrote a letter to Lowe’s CEO requesting that the “Ditch Ethanol” signs that were popping up on the Midwest be removed. Shortly after the letter was received, Lowes contacted RFA and said they were in the process of removing all the signs and they should all be gone within several days. The signs inaccurately warned consumers …