New research indicates that allowing the ethanol tax incentives to expire at the end of this year would mean job losses in 25 states, not just the Midwest. According to additional research conducted by economist John Urbanchuk, non-traditional ethanol producing states like California, Texas, Georgia, Colorado, and Tennessee would be hit by job losses due to the expiration of the …
Brazil Eliminates Tariff on Ethanol Imports
In a bid to get the United States to eliminate tariffs on imported ethanol, the Brazilian government has announced it will reduce their tax on ethanol imports to zero from the current 20 percent through the end of next year. The Brazilian Chamber of Foreign Trade (CAMEX) announced the temporary reduction Monday and it is expected to go into effect …
More Corn Acres for Food and Fuel
More corn acreage is in the forecast for this year, according to the USDA Prospective Plantings report out today, and there is still plenty more in storage. According to the forecast, farmers intend to plant 88.8 million acres of corn in 2010, three percent more than both last year and 2008. Meanwhile, the Grain Stocks report shows corn stocks as …
Free RFS2 Workshop Announced
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Wildlife Federation (NWF) who is arguing that an immediate benefit would ensue if current biofuels policies were repealed and replaced with policies that would take the world’s most productive cropland out of production.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 …