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Governors' Biofuels Coalition
NEWS UPDATE May 7, 2020

Top Story

Markets

US exports nearly 140 million gallons of ethanol in March

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted May 6, 2020

The U.S. exported 139.93 million gallons of ethanol and 899,730 metric tons of distillers grains in March, according to data released by the USDA Foreign Agricultural Service on May 5. Exports of both products were down when compared to March 2019. The 139.93 million gallons of ethanol exported in March was down significantly from the 194.16 million gallons exported in February but was relatively flat when compared to the 140 million gallons exported during the same period of 2019. [ read more … ]

Virus Keeping Cars Off Roads Deepens Trader Andersons’s Loss

By Isis Almeida, Bloomberg  •    •  Posted May 6, 2020

Crop handler Andersons Inc. posted its biggest quarterly loss since 2015 as the coronavirus kept cars off the roads, slashing demand for corn-based ethanol. Shares plunged the most in more than a month. The Maumee, Ohio-based trader posted a net loss of $37.7 million, more than double the same period last year, the company said in a statement. The ethanol business took a hit as fuel demand plunged, while its trade group suffered losses due to the lack of demand for corn. [ read more … ]

EVs

Tesla delays semi truck delivery to 2021

By S.L. Fuller, Utility Dive  •    •  Posted May 6, 2020

Tesla has postponed the first delivery of its Tesla Semi to 2021, the company said in its earnings report last week. The electric truck was already behind schedule, as the first delivery was originally planned for 2019. The delay is not caused by a markedly down quarter for Tesla. “Despite global operational challenges, we were able to achieve our best first quarter for both production and deliveries,” the company reported. Total revenues were up 32% year over year (YoY), while profits were up 118%, YoY.  [ read more … ]

Off Topic

Fighting Climate Change Prepared Jay Inslee for a Pandemic

By Leslie Kaufman, Bloomberg  •    •  Posted May 6, 2020

When Washington Governor Jay Inslee ran for the Democratic nomination for president on a platform of aggressively tackling climate change, he didn’t get much traction with voters.  But then the U.S. first cases of  Covid-19 hit Washington state in  January, and Inslee’s decisive science-based leadership suddenly seemed prescient. [ read more … ]

Commentary

Renewable Fuel Standard benefits Minnesota’s farmers, economy

By Jamie Beyer, SouthernMinn.com  •    •  Posted May 7, 2020

If the RFS is waived, Minnesota – and the rest of the country – would lose these enormous economic benefits. In fact, biodiesel producers would be especially harmed by an RFS waiver. Biofuel producers are facing the same economic hardships as oil refineries. It simply wouldn’t be fair to give oil refiners a political gift at their expense. We need our leaders in Washington, D.C. to stand up for their constituents and tell the EPA to protect to the RFS [ read more … ]

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