News

New Coalition Pushes Congress to Begin Work on National Clean Fuel Policy

Source: By Todd Neeley, DTN Staff Reporter • Posted: Wednesday, June 16th, 2021

A new coalition of 23 agriculture, biofuels, technology and other companies and interest groups is pushing federal lawmakers to begin work on legislation aimed at decarbonizing transportation fuel. On Monday, the coalition asked the leaders of two committees in the House and Senate to begin taking steps to help achieve a goal of net-zero emissions by 2050. “The undersigned organizations are writing to urge the committee to begin the legislative process to address the issue of decarbonizing the transportation fuel sector in support of a national goal of net-zero greenhouse gas emissions economy-wide not later than 2050,” the groups said in a letter.

Biden Weighs Small Cut to Biofuel Targets in Nod to Refiners

Source: By Jennifer A Dlouhy and Kim Chipman, Bloomberg • Posted: Wednesday, June 16th, 2021

The Biden administration is developing targets for biofuel that are likely to be relatively flat or even lower as it seeks to balance the interests of blue-collar refining workers and advance a clean-energy agenda. The Environmental Protection Agency is set to propose renewable fuel requirements within weeks, according to several people familiar with the strategy who asked not to be named before a formal announcement. The targets will dictate how much corn-based ethanol, biodiesel and other renewable fuels oil refiners must blend into their products in 2021 and 2022. The proposal is on track to be issued after the Supreme Court makes what could be a pivotal ruling on the EPA’s ability to exempt refineries from the mandate.

Carbon Capture ‘Key Tool’ to Curb Factory Emissions, John Kerry Says

Source: By Will Wade, Bloomberg • Posted: Wednesday, June 16th, 2021

Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry. “Industrial decarbonization is one of the critical challenges of the climate crisis,” Kerry said Tuesday at a conference organized by BloombergNEF. “Carbon capture is obviously a key tool available today for reducing process emissions from industrial manufacturing.”

Nebraska ethanol plants could soon store carbon dioxide underground

Source: By Omaha World Herald • Posted: Wednesday, June 16th, 2021

A new industry is set to take off in Nebraska. If it works out as backers hope, it would create jobs in the state and offer financial advantages for the state’s ethanol producers. In addition, the industry could have significant implications in the effort to combat climate change. The groundwork was laid by State Sen. Mike Flood’s Legislative Bill 650, which all but one legislator voted to pass last month. Since then, multiple companies have announced plans to contract with ethanol producers in Nebraska to filter carbon dioxide and permanently store that element in the ground — either in the state or piped elsewhere.

More Ag Pandemic Relief Details

Source: By Chris Clayton, DTN Ag Policy Editor • Posted: Wednesday, June 16th, 2021

Biofuel producers will split $700 million in aid funds for pandemic production losses, and livestock producers who have been left out of earlier aid also will see some assistance, as USDA announced more relief funds on Tuesday. Also included in the aid will be funds for livestock producers who were forced to euthanize animals during the height of the pandemic’s shutdown and slowdown of packing plant capacity in spring of 2020.

USDA grants biofuel producers $700 million in COVID-19 aid

Source: By Stephanie Kelly, Reuters • Posted: Wednesday, June 16th, 2021

The U.S. Department of Agriculture (USDA) will give $700 million in aid to biofuels producers as part of a package to assist industries recovering from the financial devastation of the coronavirus pandemic, officials said on Tuesday. Biofuel groups had been advocating for relief after the pandemic slashed fuel demand and sank consumption of biofuels like ethanol. The USDA said it plans to implement the aid in the next 60 days.

EXCLUSIVE GM to boost spending on electric vehicles by 30%

Source: By David Shepardson, Reuters • Posted: Wednesday, June 16th, 2021

General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants and move ahead some of its EV investments, said the sources, who asked not to be identified. In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry.

Average Age of U.S. Vehicles Rises to 12.1 Years

Source: By NACS Daily • Posted: Wednesday, June 16th, 2021

The average age of light vehicles in operation in the U.S. has risen to 12.1 years, increasing by nearly two months during 2020 and elevated by the COVID-19 pandemic, new research from IHS Markit shows. The rise in average age will further drive vehicle maintenance opportunities from an increasingly older vehicle fleet, the research firm said.

White House OMB reveals expected timelines of 2 RFS rules

Source: By Erin Voegele, Ethanol Producer Magazine • Posted: Wednesday, June 16th, 2021

The Biden administration has signaled its intent to issue a notice of proposed rulemaking to develop post-2022 Renewable Fuel Standard regulations before the end of 2021. A proposed rule to set annual RFS renewable volume obligations (RVOs) for 2021 and 2022 is expected to be released in July 2021. Both rulemakings were discussed in the administration’s 2021 Spring Unified Agenda and Regulatory Plan, which was published by the White House Office of Management and Budget on June 11.

EPA previews more tailpipe rules

Source: BY MATTHEW CHOI, Politico • Posted: Wednesday, June 16th, 2021

EPA air officials said Tuesday they’re in the early stages of additional regulations related to conventional and greenhouse gas emissions from tailpipes. The agency says it is on track to propose new federal light-duty standards sometime next month to replace the Trump rollback, but the Biden administration also is looking even further forward.