News

Shell Plans Singapore Biofuels Plant to Meet Emissions Goal

Source: By Saket Sundria, Bloomberg • Posted: Tuesday, November 23rd, 2021

Royal Dutch Shell Plc plans to build a biofuels plant in Singapore to help the company meet its target of halving emissions by 2030. The company is planning a 550,000-ton a year plant that can make hydrogen from cooking oils and animal fats, which are then used to produce diesel for road transport, aviation fuel or chemicals, according to a statement. The facility is subject to a final investment decision.

CARB approves $1.5 billion program to meet California’s 2035 ZEV target

Source: By OPIS • Posted: Tuesday, November 23rd, 2021

The California Air Resources Board (CARB) on Friday approved a proposal to spend $1.5 billion to increase access to clean vehicles and other mobility options designed to support the state’s plan to ensure that all light-duty cars and medium-duty trucks sold in the state by 2035 are zero-emission vehicles (ZEVs). The agency said the funding represents the state’s largest-ever annual investment in clean transportation incentives, more than doubling the largest past spending.

How Tax Credits and Government Subsidies Have Aided the Electric-Vehicle Market

Source: By Nora Naughton and Christina Rogers, Wall Street Journal • Posted: Tuesday, November 23rd, 2021

The Biden administration has made electric vehicles, and the batteries that power them, a big part of its policy efforts to combat climate change. Other countries, particularly in Europe and Asia, are also pushing to accelerate EV adoption with their own incentives and regulatory requirements. Here is a look at the government’s role in helping to jump-start the electric-vehicle market and how that is evolving in the current political landscape.

Happy days are here, again, for the ethanol industry

Source: By Jerry Perkins, Successful Farming • Posted: Tuesday, November 23rd, 2021

Happy days are here again at ethanol plants, with profits nearing the all-time high-water mark set in 2014. The black ink has all but erased the bad old days of 2020 brought on by the pandemic-induced cutback in liquid fuel use that befell the industry. Scott Irwin, Laurence J. Norton Chair of Agricultural Marketing at the University of Illinois at Urbana-Champaign, said the rapid rise in ethanol plant profits has brought smiles to ethanol plant operators and owners across the United States. “Happy days are here again is an accurate statement right now.”

Thankful for biofuels

Source: BY MATTHEW CHOI, Politico • Posted: Tuesday, November 23rd, 2021

A bushel of farm and ethanol groups wrote to the chairs of the House and Senate Ag committees Monday thanking them for biofuel provisions in the reconciliation package. The legislation is headed to the Senate after it passed the House last week, where it is all but certain to undergo some major shifts. The letter, addressed to Senate Agriculture Chair Debbie Stabenow (D-Mich.), makes the case not to touch the biofuel bits during the rearrange. The proposed spending package includes nearly $1 billion in funding to expand biofuel infrastructure and increase usage of higher blends of ethanol and biodiesel.

Giant pipeline in U.S. Midwest tests future of carbon capture

Source: By Leah Douglas, Reuters • Posted: Tuesday, November 23rd, 2021

Dan Tronchetti received a letter in August that alarmed him: Summit Carbon Solutions, a company he’d never heard of, wanted his permission to conduct survey work for a 2,000-mile pipeline it planned to route through his Iowa corn and soybean fields. The project, dubbed the Midwest Carbon Express, had ambitions to become the world’s largest carbon dioxide pipeline, moving climate-warming greenhouse gases from Midwest biofuels plants to North Dakota for permanent storage underground. But Tronchetti’s first concern was for his livelihood. “It would go more than half a mile through prime farmland,” he said.

Biofuel Groups Back Ag Provisions in Build Back Better Act

Source: By Chris Clayton, DTN Senior Ag Editor • Posted: Tuesday, November 23rd, 2021

“The BBB Act provides further voluntary incentives like cover crops, nutrient management, buffers, and incentives for locally-led conservation efforts that will help reduce the carbon intensity of agriculture even further, helping biofuel producers provide an even lower carbon liquid fuel at a time when demand for low carbon fuels is rising. As biofuel producers capture the value of low carbon farming practices, farmers would also have the opportunity to benefit in the form of premium prices for their commodities,” the groups highlighted.

President Biden will tap into U.S. oil reserves in concert with other nations.

Source: By Zolan Kanno-Youngs and Stanley Reed, New York Times • Posted: Tuesday, November 23rd, 2021

Working in concert with five other countries, President Biden on Tuesday ordered the release of oil from the nation’s emergency stockpile as Americans face rising gas prices amid a jump in inflation ahead of the holiday season, according to senior administration officials. The administration will tap into 50 million barrels of crude in the Strategic Petroleum Reserve. Britain, China, India, Japan and Korea will also open up their oil reserves in an effort to combat soaring global prices on oil.

Northeast states abandon cap-and-trade plan for cars

Source: By Benjamin Storrow, E&E News • Posted: Monday, November 22nd, 2021

Another American carbon pricing plan has died. The Transportation and Climate Initiative — a cap-and-trade program covering cars in three Northeastern states and the District of Columbia — was abandoned last week after Connecticut Gov. Ned Lamont (D) and Massachusetts Gov. Charlie Baker (R) pulled the plug on the program.

How the U.S. Lost Ground to China in the Contest for Clean Energy

Source: By Eric Lipton and Dionne Searcey, New York Times • Posted: Monday, November 22nd, 2021

China’s pursuit of Congo’s cobalt wealth is part of a disciplined playbook that has given it an enormous head start over the United States in the race to dominate the electrification of the auto industry, long a key driver of the global economy. But an investigation by The New York Times revealed a hidden history of the cobalt acquisitions in which the United States essentially surrendered the resources to China, failing to safeguard decades of diplomatic and financial investments in Congo. The sale of the two mines, also flush with copper, highlights the shifting geography and politics of the clean energy revolution, with countries rich in cobalt, lithium and other raw materials needed for batteries suddenly playing the role of oil giants.