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 …
“Baby Girl” Wins Cutest Kid Photo Contest
The winner for the Renewable Fuels Association’s (RFA) E85 Flex-Fuel Challenge Cutest Kid Photo Contest is in – Latisha Martinex of Virgina Beach. Ms. Martinex will receive free ethanol for one year and her photo was selected by the judges based on creativity and quality. More than 1,000 photos were submitted and of those, “Amira and her Snow Love,” submitted …
Delay on E15 Waiver “Troubling”
The E15 waiver was a hot topic during Commodity Classic and for good reason: EPA administrator Lisa Jackson, in response to a question asked during a Congressional hearing, said she felt they’d be ready to make a decision late summer. Originally, the EPA was to have ruled on the E15 waiver, that would waive the Clean Air Act to allow …
Ethanol Report on What’s Wrong With RFS2
In this edition of “The Ethanol Report,” we hear from Geoff Cooper, Vice President of Research and Analysis for the Renewable Fuels Association, about what is right and what is wrong with the rule for the expanded Renewable Fuel Standard released early last month by the Environmental Protection Agency. The good news is that the RFS2 improves upon the rule …
Response to Expanded Biofuels Production Study
The National Research Council (NRC) is currently conducting an ongoing study on the impacts of expanded biofuel production. NRC, which is part of the National Academy of Sciences, hosted a workshop last week to receive feedback from people on both sides of the debate. The Renewable Fuels Association (RFA) represented the ethanol industry and Geoff Cooper, RFA’s Vice President of …
Advanced Biofuel Makers Call for Tax Credits
The advanced biofuels industry is putting a bug in Congress’ ear, calling for lawmakers to allow for an investment tax credit that will help advanced biofuels makers get money to get their projects up to commercial scale and become eligible for another operating credit. Biomass Magazine explains that the industry would be eligible for a federal production tax credit of …
RFA Urges Full Funding of Ethanol Fuel Research
The Renewable Fuels Association (RFA) is urging Congress to ensure full funding of fuels research programs to provide the necessary scientific basis for increasing ethanol blending. In a letter this week to leaders of both the House and Senate Appropriations Subcommittees on Energy and Water Development, RFA President Bob Dinneen outlined concerns with the budget submitted by President Obama with …
2009 Sets Record Ethanol Production
Despite a sluggish economy and challenging growing conditions for corn farmers, ethanol production set a record once again in 2009 of more than 10.75 billion gallons. According to the latest statitstics from the U.S. Energy Information Administration (EIA), ethanol production reached yet another all time high in December 2009 at 787,000 barrels per day, even though ethanol demand, as calculated …