Renewable Fuels Association (RFA) president and CEO Bob Dinneen really got his Irish up this week over EPA administrator Scott Pruitt allowing bankrupt Philadelphia Energy Solutions to get out of half its obligation under the Renewable Fuel Standard (RFS), so he is really ready to celebrate St. Patrick’s Day this weekend. He updates us on the latest episode in the …
Governors Urge President to Reject RFS Changes
Gov. Kim Reynolds of Iowa and five of her Midwestern counterparts sent a letter to President Donald Trump this week thanking him for his continued support of the Renewable Fuel Standard (RFS) and urging him to reject proposals designed to weaken or waive “this key pillar of the farm economy.” Governors Eric Holcomb of Indiana, Jeff Colyer of Kansas, Eric …
Cornyn Says He’s Trying to Find “Consensus” on RINs Issue
Texas’ other senator claims he is “working hard to try and find some consensus” on the issue of Renewable Identification Number (RIN) prices, but Sen. John Cornyn (R-TX) has pretty much the same attitude that Sen. Ted Cruz has when it comes to ethanol. “I’ve been working on a bi-partisan basis with allies in the Senate to see if we …
Fuel Retailers Join Chorus Against RIN Price Cap
The American Coalition for Ethanol (ACE) gathered together three fuel retailers who market higher ethanol blends to talk about why a cap on the price of Renewable Identification Numbers (RINS) would be detrimental to their businesses. Bruce Vollan of Midway Service in South Dakota, Charlie Good of Good & Quick in Iowa, and Mike Lewis of Pearson Fuels in California, …
Ethanol Interests Shout Opposition to RIN Price Cap
As concerns began to grow late last week that the Trump Administration was leaning toward a cap on prices for Renewable Identification Numbers (RINs) to appease oil refinery interests, biofuel interests went into high gear to get the word out about how that action would devastate the Renewable Fuel Standard (RFS). A White House meeting was reportedly set for today …
Ethanol Plant Operators Say No to RIN Price Cap
Discussions are expected to continue this week between oil refinery and biofuels interests over the price of Renewable Identification Numbers, or RINs, which were created under the Renewable Fuel Standard (RFS) as a way to encourage refiners to blend more biofuels. Renewable Fuels Association (RFA) member plant owners are united in their opposition to the idea of capping RIN prices …
Monday Meeting Creating a Buzz in Biofuels
With another White House meeting about the price of Renewable Identification Numbers (RINs) now scheduled for Monday, the biofuels industry is getting the word out about how capping prices of RINs would devastate the Renewable Fuel Standard (RFS). Former Renewable Fuels Association chairman Randy Doyal, CEO of Al-Corn Clean Fuel in Claremont, Minnesota says the industry as a whole is …
Nearly 50,000 Iowa Jobs Tied to Biofuels
A new study, authored by John Urbanchuk of ABF Economics and commissioned by the Iowa Renewable Fuels Association (IRFA), finds that nearly 50,000 Iowa jobs are supported by biofuels production. IRFA Executive Director Monte Shaw says the study indicates how many livelihoods are at stake in the continuing efforts by Texas Senator Ted Cruz to convince the White House to …
Ethanol Plant Managers Write President
Managers at 150 U.S. biofuel refineries across the heartland have sent a letter to President Donald Trump, urging him to “stand strong in defense of the Renewable Fuel Standard (RFS).” The plant managers, which represent the majority of U.S. ethanol production, address proposals by oil refinery supporters to “cut, cap, or eliminate” Renewable Identification Numbers (RINs), which they say “would …
Study Shows Impact of RIN Price Cap on Corn Prices
A new analysis from the Center for Agricultural and Rural Development (CARD) at Iowa State University shows that any action to artificially cap Renewable Identification Number (RIN) prices in exchange for a waiver allowing year-round sale of E15 would result in reduced ethanol consumption, a drop in corn prices, and an effective cut of 5% to the Renewable Fuel Standard …