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Governors' Biofuels Coalition
NEWS UPDATE May 29, 2020

Top Story

Governors’ Biofuels Coalition Presses Congress to Pass Financial Assistance for Biofuels Industry

By Todd Neeley, DTN Staff Reporter  •    •  Posted May 29, 2020

With biofuels producers facing tough times during the COVID-19 economic shutdown, the leaders of the Governors’ Biofuels Coalition asked congressional leaders on Thursday to include in any new economic relief package financial assistance for an industry suffering from lost fuel demand during the pandemic. Both the House and Senate have introduced legislation to aid. In a bill passed by the House producers could receive 45 cents per gallon for fuels produced between Jan. 1 and May 1, 2020. A Senate bill includes a provision to reimburse biofuels producers for feedstock purchases. [ read more … ]

Governors Ask Senate and House Leadership to Support Ethanol Relief Bills

By Governors’ Biofuels Coalition  •    •  Posted May 28, 2020

 The dire conditions of the ethanol industry were summarized by the governors. Nearly three-fourths of the nation’s 204 ethanol plants are fully or partially idled, resulting in worker layoffs, lost markets for farm commodities, and constrained supplies of critical ethanol co-products. The ethanol industry estimates it will suffer at least $10 billion in ethanol losses in 2020 due to covid-19.  Rural America — with the ethanol industry’s 350,000 direct and indirect jobs — is facing an economic crisis of historic proportions. “We are heartened that both the House and the Senate are working to mitigate these hardships,” the governors wrote. [ read more … ]

Climate

BlackRock sends climate signal to Big Oil

By Avery Ellfeldt, E&E News reporter  •    •  Posted May 28, 2020

Wealth behemoth BlackRock Inc. leveraged its extraordinary shareholder power yesterday against Exxon Mobil Corp. and Chevron Corp. in an effort to signal its climate concerns with the supermajors. The world’s largest money manager threw its weight behind several climate-related shareholder proposals and voted against two corporate directors during the companies’ annual meetings, held virtually yesterday. [ read more … ]

Markets

USDA: Corn use for ethanol falls to 434 million bushels in March

By Ethanol Producer Magazine  •    •  Posted May 28, 2020

The USDA recently released its Grain Crushings and Co-Products Production report for May, reporting that corn use for fuel ethanol production fell to 412 million bushels in March, down from both the previous month and March 2019. Total corn consumed for alcohol and other uses was 467 million bushels in March, down 3 percent from February and down 6 percent from March 2019. March usage included 90.8 percent for alcohol and 9.2 percent for other purposes. [ read more … ]

Higher Blends

Urban Air Initiative Testimony to EPA Cites Obstacles to Mid-Level Blends

By Kim Trinchet, Urban Air Initiative  •    •  Posted May 28, 2020

 In testimony yesterday before the U.S. Environmental Protection Agency (EPA), Urban Air Initiative (UAI) Director Trevor Hinz called on the agency to correct several crucial provisions impacting ethanol blends as part of a new rule designed to streamline regulations governing gasoline and diesel fuels.  As published in the Federal Register, EPA states the rule is intended to streamline and modernize existing regulations, to reduce compliance costs for industry, and, among other things, remove unnecessary requirements. [ read more … ]

SREs

RFS risks ‘implosion’ as US refiners seek retrospective biofuel waivers 

By  AgriCensus  •    •  Posted May 28, 2020

US biofuel sources are warning that the primary legislation underpinning the country’s entire biofuel use could “implode” if the government agencies that oversee the scheme allow oil refiners to apply for retrospective biofuel waivers.  The development is the latest twist in a protracted struggle between the oil and biofuel sectors, with the unfolding drama causing chaos for both biofuel producers and the global market for its dominant feedstock, corn.  [ read more … ]

Biofuel Groups Ask US to Scrap Proposed RINs-Relief Deal With PES 

By Patrick Newkumet, OPIS  •    •  Posted May 28, 2020

Three biofuel industry trade groups are calling on the U.S. government to scrap a proposed settlement agreement that would excuse bankrupt refiner Philadelphia Energy Solutions (PES) from satisfying most of a reduced Renewable Fuel Standard (RFS) compliance obligation it agreed to under a 2018 deal with EPA.  In joint comments submitted to the U.S. Department of Justice (DOJ), the Renewable Fuels Association (RFA), Growth Energy and the National Biodiesel Board (NBB) said the proposed deal would permit PES to “escape the vast majority of its obligations” under the RFS. 
[ read more … ]

Renewable Fuels Association critical of EPA, DOE for considering retroactive small refiner exemptions

By Larry Lee, Brownfield  •    •  Posted May 29, 2020

The President of the Renewable Fuels Association says oil refinery requests for Renewable Fuel Standard exemptions for past compliance years should be denied. Geoff Cooper tells Brownfield refiners are trying to get around a Tenth Circuit Court decision that said to get a small refinery exemption moving forward, the refiner must show they’ve had one every year since 2013. “And so, wherever there were gaps, the refiners are trying to go back now and rewrite history and get EPA to give them an exemption for those years and fill those gaps.” [ read more … ]

 

 

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