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Governors' Biofuels Coalition
NEWS UPDATE April 24, 2020

Top Story

COVID-19 Ag Relief Helps Small And Specialty Farms But Not Ethanol

By Amy Mayer, Iowa Public Radio  •    •  Posted April 23, 2020

Farmers who grow many different types of crops and raise livestock will receive direct payments from the United States Department of Agriculture through $16 billion of CARES Act relief money. USDA has announced it will also spend $3 billion to purchase fruits and vegetables, dairy products, meat and other food, which it will then distribute to those in need through food banks and other community groups.  [ read more … ]

Markets

ADM Idles Large Iowa, Nebraska Corn-Based Ethanol Plants

By The Associated Press  •    •  Posted April 24, 2020

Ethanol producer ADM said Thursday it is idling production at its corn ethanol plants in Cedar Rapids, Iowa, and Columbus, Nebraska, furloughing 90 employees in each facility for at least four months. The plants, each capable of annually producing about 300 million gallons of the typically corn-based fuel additive, are among the largest of their type in the nation. Nearly all gasoline sold in the U.S. contains ethanol. [ read more … ]

ADM Ethanol Plants Latest to Fall in COVID-19 Economic Shutdown

By Todd Neeley, DTN Staff Reporter  •    •  Posted April 24, 2020

Archer Daniels Midland is temporarily idling two of the largest ethanol plants in the country for up to four months, announcing late on Thursday afternoon that the company’s plants in Columbus, Nebraska, and Cedar Rapids, Iowa, taking offline about 613 million gallons in production capacity. So far more than 70 ethanol plants have idled production in the United States, as overall demand for fuel has plummeted in response to the economic shutdown from COVID-19. [ read more … ]

Soybeans, Grains Higher Overnight; Ethanol Production Drops to Fresh Record Low.

By Tony Dreibus, Successful Farming  •    •  Posted April 23, 2020

Ethanol production fell to fresh record low last week, while stockpiles again reached the highest level ever, according to the Energy Information Administration. Output of the biofuel dropped to an average of 563,000 barrels a day in the week through April 17, the EIA said in a report. That’s down from 570,000 barrels per day and the lowest weekly average ever [ read more … ]

Commentary

An Economic Rebound Will Need Ethanol

By Doug Durante, Biofuel Digest  •    •  Posted April 24, 2020

A recent article by Growth Energy CEO Emily Skor caught my eye due to a simple but important headline, which was Ethanol Industry Needs Support Now More than Ever. The economic importance of the ethanol industry to agriculture and rural America cannot be overstated, and the article did a good job making that point. But I want build on the theme that now, when we’ve been knocked down and are on the mat is when we  need support, but from an additional angle—to preserve some sense of energy security and to be ready to continue to reduce aromatics in gasoline once we rebound from our current shut down. [ read more … ]

Point of Obligation

Supreme Court to consider RFS point of obligation case on May 15

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted April 23, 2020

The U.S. Supreme Court is scheduled to consider whether it will review a challenge to the Renewable Fuel Standard point of obligation on May 15. Court documents related to the challenge were distributed to the Justices on April 22.
[ read more … ]

Off Topic

Brothers duke it out from opposite sides of climate fight

By Scott Waldman, E&E News reporter  •    •  Posted April 23, 2020

It’s brother versus brother in the climate wars. Two of the primary think tanks fighting it out on climate policy are now led by brothers on opposing sides of the argument over human-caused global warming.
[ read more … ]

EVs

Electric car sales expected to weather massive pandemic hit

By Abby Smith, Washington Examiner  •    •  Posted April 23, 2020

The pandemic could cut electric car sales in half this year, but it ultimately won’t veer the United States off course as it heads toward increasing levels of electric vehicles on the roads in the next decade. Instead, despite the big hit to electric vehicle sales expected in 2020, auto analysts say they aren’t seeing indications the global pandemic is changing the long-term trends pushing automakers toward electric cars. That’s even with extremely low gas prices prompted by the collapse in oil markets. [ read more … ]

 

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