For those who are interested in learning more about how RFS2 will be affecting your biofuels business, there is an RFS2 Workshop being held in Des Moines, Iowa at the Sheraton West Des Moines Hotel on April 6th. The workshop is being hosted by the Renewable Fuels Association, the Iowa Renewable Fuels Association, Growth Energy and the National Biodiesel Board. …
Ethanol Bob Tweeting President’s Energy Speech
Renewable Fuels Association president and CEO Bob Dinneen is on location at the site of President Obama’s speech this morning on energy initiatives for the United States. The event is being held in a hanger at Andrews Air Force Base with the backdrop of a Navy Green Hornet jet that will fly on biofuels on Earth Day. The president is …
Green Activists Continue Ethanol Smear Campaign
Another anti-biofuels report has been released, this time from the National Wildlife Federation (NWF) who is arguing that an immediate benefit would ensue if current biofuels policies were repealed and replaced with policies that would take the world’s most productive cropland out of production. Maybe more alarming is that while the report attempts to discredit the most promising biofuels technologies, …
RFA Offers RFS2 Information for Producers
Under the expanded Renewable Fuels Standard, or RFS2, all producers of ethanol regardless of feedstock will be required to register with the Environmental Protection Agency (EPA). In an effort to help ethanol producers understand what they need to do, the Renewable Fuels Association (RFA) has created two documents intended to provide producers with information they need to comply. First, there …
Bipartisan Bill Would Save Jobs and Help Ethanol Grow
Bipartisan legislation introduced Thursday will help preserve jobs in the renewable energy industry and accelerate the development of cellulosic ethanol, according to its sponsors. The Renewable Fuels Reinvestment Act sponsored by Reps. Earl Pomeroy (D-ND) and John Shimkus (R-IL) unveiled legislation would extend the current Volumetric Ethanol Excise Tax Credit (VEETC), the Small Ethanol Producers Tax Credit and tariff on …
RFA Pleased with Bill to Extend Ethanol Incentives
The Renewable Fuels Association today praised the Renewable Fuels Reinvestment Act (RFRA) introduced by Representatives Earl Pomeroy (D-ND) and John Shimkus (R-IL). The bill would extend the $0.45 Volumetric Ethanol Excise Tax Credit (VEETC), commonly called the blenders’ credit, and the secondary tariff on imported ethanol until December 31, 2015. It would also extend the Small Producers Tax Credit and …
Lawmakers to Introduce Extension of Ethanol Tax Incentives
Representatives Earl Pomeroy (D-ND) and John Shimkus (R-IL) have called a press conference today to introduce the Renewable Fuels Reinvestment Act (RFRA). The bill would extend the $0.45 Volumetric Ethanol Excise Tax Credit (VEETC), commonly called the blenders’ credit, and the secondary tariff on imported ethanol, as well as the Small Producers Tax Credit and the Cellulosic Ethanol Production Tax …
NY Senator Supports Biodiesel Not Ethanol
U.S. Senator Chuck Schumer (NY-D) visited New York’s only commercial biodiesel producer last month to assure them of his support for the federal tax incentive for biodiesel. “The dollar tax incentive assures us that we are competitive with regular diesel fuel right now. The federal government subsidizes the petroleum industry as well, so if we lose our incentive, we lose …
Ethanol Tax Incentive Loss Would Mean Lost Jobs
According to a report out today from the Renewable Fuels Association (RFA), failure to extend the Volumetric Ethanol Excise Tax Credit (VEETC) would reduce U.S. ethanol production capacity by 38% and eliminate 112,000 jobs in rural communities already hemorrhaging employment opportunities. “Ethanol has provided an unparalleled, value-added opportunity for agriculture and rural America,” said RFA President Bob Dinneen. “Supporting nearly …
RFA to Release Report on Cost of Ethanol Blenders Incentive Loss
The Renewable Fuels Association (RFA) is set to release a new report today warning about the economic ramifications of allowing the tax incentive for ethanol blending to expire at the end of the year. In a preview obtained by Domestic Fuel, allowing the Volumetric Ethanol Excise Tax Credit (VEETC) to expire would cost the country more than 100,000 jobs and …