Last week was a crazy week in DC as several amendments to alter or kill the Volumetric Ethanol Excise Tax Credit (VEETC) were voted on by the Senate. While the first vote was in favor of ethanol (it defeated the Coburn amendment), the industry took a hit when Sen. Dianne Feinstein’s (D-CA) bill was passed, essentially killing VEETC and the …
Blaming Biofuels for Higher Food Prices One-Sided
In an effort to curb global rising food prices and food insecurity concerns, members of G20 nations will be meeting in Paris this week. A major focal point of discussion is set to be biofuels and earlier this month a report from Oxfam concluded that biofuels were part of the reason food prices are rising. The ethanol industry deems this …
House Cuts Ethanol Blender Pump Funds
While an amendment to cut federal funding for ethanol blender pumps failed in the Senate, another one passed in the House. The amendment, offered by Rep. Jeff Flake (R-AZ) to the Agriculture Appropriations bill passed by a vote of 283-128. As the sun sets after a busy day on Capitol Hill for ethanol interests, the question is whether any of …
Amyris Expands Into Asia, Forms Novvi S.A.
Amyris is on the move the week announcing today that the company is expanding into Asia via a collaboration with Wilmer International Limited. The partnership will focus on the development and worldwide commercialization of a family of surfactants derived from Amyris Biofene for use in a multitude of products including personal care and consumer packaged goods. Biofene will be designed …
Ethanol Future Could be Headed to Senate Showdown
After the defeat Tuesday in the Senate of an amendment by Sen. Tom Coburn (R-OK) to immediately eliminate the Volumetric Ethanol Excise Tax Credit (VEETC), the ethanol industry is supporting another approach and the two concepts could be heading for a showdown in the Senate before the end of the month. “That indeed has been teed up with a commitment …
Coburn Amendment Quashed
In a vote of 40-59, Sen. Tom Coburn’s (R-OK) Amendment No. 436 to immediately eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) and the tariff on imported ethanol was quashed. Coburn’s proposal needed 60 votes to move forward but fell short by 20 votes. Shortly after the news hit, the ethanol industry began calling for “real reform.” “The fight is …
Brazil Exports Ethanol, Struggles to Meet Its Ethanol Demand
This month, Brazil has resumed exporting ethanol to the United States, at the same time the country is struggling to meet its own country’s demand for ethanol to fuel is flex fuel vehicles (FFVs). Ethanol producers in the country have expanded exponentially – there are more than 115 ethanol plants many of which have come online since 2005. However, despite …
Thune/Klobuchar Bill Endorsed by Ethanol Industry
Senators John Thune (R-SD) and Amy Klobuchar (D-MN) along with a bipartisan group of nine other Senate colleagues have introduced the Ethanol Reform and Deficit Reduction Act. The bill is designed to modify the current Volumetric Ethanol Excise Tax Incentive (VEETC), which is a set tax, to a variable tax incentive tied to the price of oil. To help open …
Spotted in DC
This advertisement was spotted in Washington DC this week and is part of a Beltway campaign being deployed by the Renewable Fuels Group (RFA). The ethanol organization is also advertising on politically geared websites as well as in DC political magazines such as Roll Call. This is just one element of a broader campaign the group is currently engaged in …
Diesels, LLC Formed to Buy & Sell Biodiesel
A new company has been formed to aid biodiesel companies sell their product. Diesels, LLC, the new company, will be managed by biodiesel consulting group, Lee Enterprises, based in Little Rock, Arkansas. Wayne Lee, principal owner of Lee Enterprises Consulting said he is pleased his company has been selected to lead the new company. “Diesels, LLC was formed by four …