Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE August 7, 2019

Top Stories

Trade

Trump Still Wants Trade Deal With China: Adviser

By Susan Heavey and Howard Schneider, Reuters  •    •  Posted August 7, 2019

U.S. President Donald Trump wants to continue trade talks with China and the Trump administration is still planning to host a Chinese delegation for further talks in September, a top White House adviser said on Tuesday. “He would like to make a deal,” National Economic Council Director Larry Kudlow told CNBC, adding that it would have to be the “right deal.” [ read more … ]

U.S. farmers suffer ‘body blow’ as China slams door on farm purchases

By Hallie Gu and Tom Daly, Reuters  •    •  Posted August 7, 2019

Chinese companies have stopped buying U.S. agricultural products, China’s Commerce Ministry said on Tuesday, a blow to U.S. farmers who have already seen their exports slashed by the more than year-old trade war. China may also impose additional tariffs on U.S. farm products, the Ministry said, raising the barrier to future trade that further targets rural states that supported U.S. President Donald Trump in the 2016 election. [ read more … ]

Trump dismisses trade war fears; China warns of market chaos

By Winni Zhou and David Stanway, Reuters  •    •  Posted August 7, 2019

U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China despite a warning from Beijing that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets. Trump, who announced last week he would slap a 10% tariff on a further $300 billion in Chinese imports starting on Sept. 1, tweeted that “massive amounts of money from China and other parts of the world” were pouring into the U.S. economy. [ read more … ]

Brazil Considers Dropping Barriers to U.S. Ethanol

By Rachel Gamarski, Bloomberg  •    •  Posted August 7, 2019

As China turns its back on American ethanol in a lingering trade spat, Brazil is considering opening its doors to U.S. biofuel. Brazilian authorities are debating whether to yield to Washington’s request to lift ethanol-import duties as a way of facilitating talks for a bilateral trade deal with the U.S., two people with direct knowledge of the matter said. A broad trade accord would benefit many Brazilian products and may be announced by October. [ read more … ]

Market

Ethanol Moves Reflect Industry Change

By Todd Neeley, Progressive Farmer  •    •  Posted August 7, 2019

As the ethanol industry continues to struggle, in part because of overproduction, one of the nation’s largest ethanol producers said Tuesday it will not dial back production. Omaha-based Green Plains Inc. CEO Todd Becker said during a second-quarter earnings call that when the industry was overproducing in previous years, Great Plains dialed back production while the rest of the industry ramped up — and the company’s shareholders paid the price. [ read more … ]

Policy & Polirtics

Democrats race to embrace biofuels in lead-up to Iowa

by Marc Heller, E&E News reporter  •    •  Posted August 7, 2019

“It creates a bit of a problem for them,” said Maisano, who noted that he sees a contradiction in candidates saying they support the renewable fuel standard (RFS) program but want to phase out mobile fuels. “I think that creates a big challenge.” In Iowa, farming is largely about corn, and corn is largely about ethanol. More than half — 53% — of corn grown in Iowa is used for ethanol, according to the Iowa Corn Growers Association. Renewable fuels production, including biodiesel, supports about 42,000 jobs and generate $4.7 billion in economic activity, the association said. [ read more … ]

30 senators urge automakers to join Calif. deal

By Maxine Joselow, E&E News reporter  •    •  Posted August 7, 2019

Thirty senators yesterday urged 14 automakers to buck President Trump and join a deal with California to improve fuel efficiency. Led by Sen. Dianne Feinstein (D-Calif.), the lawmakers sent a series of letters asking other car companies to join last month’s compromise between California and Ford Motor Co., Honda Motor Co. Ltd., Volkswagen AG and BMW of North America. [ read more … ]

White House claims rollback will add jobs. That’s a reversal

By Maxine Joselow, E&E News reporter  •    •  Posted August 7, 2019

The White House is claiming that its rollback of Obama-era clean car standards will lead to more jobs in the auto industry, contradicting an earlier finding by the administration that loosening the rules could lead to the loss of 60,000 positions. The reversal came in response to a report released last week by the BlueGreen Alliance, a coalition of labor and environmental groups. The report found that the rollback threatens hundreds of thousands of auto manufacturing jobs in swing states that voted for President Trump in 2016. [ read more … ]

South Dakota Farmers Selling Ethanol Into Low Carbon Markets

By WNAX  •    •  Posted August 7, 2019

South Dakota farmers are selling ethanol into low carbon fuel markets on the West Coast. Chester farmer Ron Alverson says they’ve been sequestering carbon for years on their farm through conservation practices like no-till. He says the corn they grow on that land is then made into ethanol with a lower carbon footprint. Right now the plant gets that premium, but they hope it will one day trickle down to the farm. [ read more … ]

More Octane Means More Pain If You Need Very Best Gasoline

By Jeffrey Bair, Bloomberg  •    •  Posted August 7, 2019

Premium gasoline for your luxury ride is set to cost even more in the coming months as the U.S. transitions to cleaner fuel. With change it will get harder for refiners to keep the octane high enough to meet the needs of high-performance engines. That’s boosting demand for a key ingredient, known as alkylate, and threatening to add to the cost of filling up a Mercedes or Lamborghini. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.