News

Ethanol Demand, Exports Could Create Fresh Demand

Source: By AgWeb • Posted: Thursday, November 16th, 2017

The USDA is calling for another record corn crop at 175.4 bushels per acre and near-record production for soybeans with an average of 49.5 bushels per acre. Now, the industry is looking for new opportunities and fresh demand which could come in the form of fuel.

Huge Span of Ethanol Prices Seen as Some Suppliers Go RIN-Less

Source: By Tom Kloza, OPIS • Posted: Thursday, November 16th, 2017

But a funny thing commenced about a month ago. Multiple suppliers, including Glacial Lakes Energy, Absolute Energy, the Andersons and ultimately Sinclair, began posting prices that did not include the title of the RIN as ethanol moved from producers to marketers. Most ethanol rack prices don’t have such restrictions, but the RIN-less variety has brought propagation of ethanol values as low as 40cts/gal in recent weeks.

Tested EPA Air Chief to Advance Trump Rollbacks

Source: By Abby Smith, BNA Bloomberg • Posted: Thursday, November 16th, 2017

EPA Administrator Scott Pruitt may have just received the most important tool to implement his rollback agenda: the EPA’s new air chief Bill Wehrum. The Senate confirmed Wehrum to head the Environmental Protection Agency’s Office of Air and Radiation in a largely party-line vote Nov. 9, sending the agency its second confirmed political appointee after Pruitt. Wehrum was sworn in Nov. 13.

Ted Cruz pressures Iowa governor to reach deal on ethanol mandate

Source: By John Siciliano, Washington Examiner • Posted: Thursday, November 16th, 2017

Sen. Ted Cruz is pressuring Iowa Gov. Kim Reynolds to reach a deal between oil refiners and the ethanol industry over the Environmental Protection Agency’s renewable fuel mandate. Cruz, speaking on behalf of a group of eight GOP senators, wrote in a Tuesday letter to Reynolds that they do not wish to up-end the market for corn ethanol produced in her state, which is the nation’s top producer of the fuel.

Cruz wants a meeting on the RFS, but will it happen?

Source: By Spencer Chase, Argi-Pulse • Posted: Thursday, November 16th, 2017

Senator Ted Cruz has gotten headlines for placing a hold on Bill Northey’s USDA undersecretary nomination, but the Texas Republican hasn’t gotten what he really wants: a meeting at the White House and substantive changes in renewable fuel policy.

In letter, Cruz acknowledges blocking Northey nomination; calls for meeting

Source: By Jason Noble, Des Moines register • Posted: Thursday, November 16th, 2017

U.S. Sen. Ted Cruz on Tuesday sent a letter to Iowa Gov. Kim Reynolds acknowledging his role in blocking the nomination of Iowa Secretary of Agriculture Bill Northey to a senior post in the U.S. Department of Agriculture. In the letter, Cruz tells Reynolds he is blocking Northey’s appointment as a USDA undersecretary in an attempt to compel stakeholders from corn-growing states like Iowa to sit down with officials from the oil-refining industry to discuss changes to the Renewable Fuel Standard.

Aemetis provides update of cellulosic ethanol initiatives

Source: By Erin Voegel, Ethanol Producer Magazine • Posted: Wednesday, November 15th, 2017

Aemetis Inc. recently released third quarter financial results, reporting that revenues for its ethanol business grew 6.2 percent when compared to the same quarter of last year. Aemetis CEO Eric McAfee also noted ethanol production increased 4 percent when compared to the third quarter of last year. Ethanol pricing increased by 3.4 percent year-over-year, he said. Operating margins, however, were weak due to excess ethanol supply in the U.S.

EIA maintains 2017, 2018 ethanol production forecasts

Source: By Erin Voegele, Ethanol Producer Magazine • Posted: Wednesday, November 15th, 2017

The U.S. Energy Information Administration recently released the November edition of its Short-Term Energy Outlook, maintaining its 2017 and 2018 ethanol production forecasts made in its October STEO. The EIA currently predicts ethanol production will average 1.03 million barrels per day this year, increasing to 1.04 million barrels per day next year.

7 states explore cutting carbon from cars

Source: Camille von Kaenel and Benjamin Storrow, E&E News reporters • Posted: Wednesday, November 15th, 2017

Northeastern Republicans and Democrats agree it’s time to bring down emissions from transportation. They’re just not sure how to do it. This week, seven states and the District of Columbia announced a new series of public listening sessions to get ideas about curbing car emissions — including, maybe, some sort of regional policy like a “cap and invest” program or a tax.

Better soil could trap as much planet-warming carbon as transport produces: study

Source: By Thin Lei Win, Reuters • Posted: Wednesday, November 15th, 2017

“The U.S. emits around 5 billion tonnes of carbon dioxide per year. So (emissions) equivalent of a major economy could be sequestered in soils each year with changes in farming practices,” he added. The study found the United States has the highest total annual potential to store carbon in the soil, followed by India, China, Russia and Australia, if soil management is improved.