News

The United States consumed a record amount of renewable energy in 2019

Source: By Mickey Francis, EIA • Posted: Monday, October 19th, 2020

Biofuels, including fuel ethanol, biodiesel, and other renewable fuels, accounted for about 20% of U.S. renewable energy consumption in 2019. Biofuels usually are blended with petroleum-based motor gasoline and diesel and are consumed as liquid fuels in automobiles. Industrial consumption of biofuels accounts for about 36% of U.S. biofuel energy consumption.

Trump’s payments to farmers hit all-time high ahead of election

Source: By Mark Weinraub, Reuters • Posted: Monday, October 19th, 2020

U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key to Trump’s chances of success in swing states such as Wisconsin, Ohio, Iowa and Minnesota. Such states are hotly contested because their population can swing either to Republicans or Democrats and play a decisive role in presidential elections. Farmers favored the Republican president by a wide margin in the 2016 election.

Axne, Young weigh in on RFS waivers

Source: By KMA • Posted: Monday, October 19th, 2020

Democrat incumbent Cindy Axne and Republican challenger David Young squared off in a debate earlier this week on KCCI television in Des Moines. One of the questions asked during the one-hour debate concerned the Trump Administration’s granting of dozens of RFS waivers, allowing oil companies to avoid blending four billion gallons of ethanol. Both candidates were asked whether Congress should end the waiver program. Congresswoman Axne, who defeated Young in their first matchup in 2018, calls Trump’s handling of ethanol and agriculture, in general “unconscionable.”

Agriculture Is Unlikely To Sway The Presidential Election Even In Farm Country

Source: By Jonathan Ahl, Kansas Public Radio • Posted: Monday, October 19th, 2020

President Trump has been hard on ethanol. In 2019, the Environmental Protection Agency exempted 31 small oil refineries from rules that would require them to blend ethanol into their fuel supply. In September, the President attempted to repair the relationship with corn producers when he announced a policy approving use of existing filling station pumps to distribute higher-ethanol gasoline. Johnson said it’s too little, too late, and she’s voting for Biden.

What investors think about the future of fossil

Source: By Ben Geman, Axios • Posted: Monday, October 19th, 2020

Investors in the oil-and-gas industry want companies to get greener, and they’re losing faith that the sector, which is underperforming broader market indices, is a good long-term bet, per a new Boston Consulting Group survey of investors. Just a quarter see oil-and-gas stocks playing a more prominent role in their portfolios in the future, and less than a third see the industry as a more attractive investment than renewables.

Climate change on tap for third debate

Source: BY KELSEY TAMBORRINO, Politico • Posted: Monday, October 19th, 2020

President Donald Trump and Joe Biden’s final debate-stage pitch to voters before Election Day will include climate change among the six topics set for discussion, the Commission on Presidential Debates said on Friday.

Auto Makers Grapple With Battery-Fire Risks in Electric Vehicles

Source: By Ben Foldy, Wall Street Journal • Posted: Monday, October 19th, 2020

Auto makers are confronting a new challenge in their race to sell more electric cars: battery-related fires leading to vehicle recalls and safety probes. U.S. safety regulators this month opened a probe into more than 77,000 electric Chevy Bolts made by General Motors Co. GM -0.06% after two owners complained of fires that appeared to have begun under the back seat, where the battery is located.

EPA issues final Fuels Streamlining Rule

Source: By Erin Voegele, Ethanol Producer Magazine • Posted: Sunday, October 18th, 2020

The U.S. EPA on Oct. 15 issued its final Fuels Streamlining Rule, which streamlines the agency’s existing regulations for gasoline, diesel and other fuels. It does not, however, change the stringency of existing fuel quality standards. The new rule goes into effect on Jan. 1. According to the EPA, the rule deletes expired or redundant compliance provisions, such as duplicative registration requirements, removes unnecessary and out-of-date requirements, and replaces them with a single set of provisions and definitions.

US ethanol sees big gains in Canada’s Clean Fuel Standard

Source: By Bill Tomson, Agri-Pulse • Posted: Sunday, October 18th, 2020

The U.S. sells hundreds of millions of gallons of ethanol to Canada every year, and that trade would very likely increase as a result of Canada’s efforts to cut emissions, says Craig Willis, senior vice president for global markets for Growth Energy. The plan — Canada’s Clean Fuel Standard — will include a nationwide goal of an average 15% ethanol blend by 2030. That will translate into increased demand from Canada, which is already the largest foreign market for the U.S. corn-based fuel.

EIA says ethanol production, inventories both rise on week

Source: By Wesley Swift, S&P Global • Posted: Sunday, October 18th, 2020

US ethanol production averaged 937,000 b/d in the week ended Oct. 9, up 14,000 b/d on the week while down 34,000 b/d year on year, Energy Information Administration data showed Oct. 15. Production was in the middle of market expectations as seasonal maintenance was predicted to weigh on output through mid-October. Ethanol plants around the country go offline for about five days to finish routine maintenance in September and October.