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Governors' Biofuels Coalition
NEWS UPDATE November 16, 2020

Top Story

Ethanol growth expected

By Reuters  •    •  Posted November 15, 2020

The United States and Brazil, the two leading ethanol producers, see potential for a large increase in global use of the biofuel as a way to cut carbon emissions while the world transitions to all-electric cars, according to industry representatives. “There is a lot of hope (to cut emissions) related to electric vehicles, but the current fleet will still be around for a long time,” said Brian Healy, director for ethanol market development at the U.S. Grains Council, adding that biofuel blending in combustion engine cars is the quickest way to improve air quality.
[ read more … ]

The Transition

Meet Biden’s energy team

By E&E News staff  •    •  Posted November 15, 2020

President-elect Joe Biden’s review teams at the Department of Energy and other agencies could help him carry out his pledge to reach 100% clean electricity and cut emissions, and include appointees with extensive government experience and a past in the Obama administration. “They’re going to have to hit the ground running,” Brandon Hurlbut, a former chief of staff to Obama Energy Secretary Steven Chu, said of Biden’s agency picks. “Biden is inheriting many crises, and there’s not going to be time for a learning curve.” [ read more … ]

Biden’s Win Means Help for Automakers Selling Electric Vehicles

By David Welch and James Ellis, Bloomberg  •    •  Posted November 15, 2020

Although President Obama threw a lifeline to U.S. automakers after the financial crisis, many in the industry were unhappy that his administration also was responsible for fuel economy rules that pushed carmakers to their limits. But the inauguration of former Vice President Joe Biden, who worked hand in hand with Obama to set the tough regulations, will be a welcome event for the industry. That’s because Biden will bring something that manufacturers from Volkswagen to General Motors to Tesla badly need: help selling electric vehicles. [ read more … ]

Car Efficiency Rule

California official sees state auto emissions deal as ‘template’ for Bid

By Nichola Groom, Reuters  •    •  Posted November 15, 2020

California Air Resources Board Chair Mary Nichols, who sources say could be the next federal environment chief, said on Thursday her state’s agreement with major automakers for fuel efficiency requirements could serve as a “good template” for federal standards through 2025. The Trump administration in March finalized a rollback of U.S. Corporate Average Fuel Economy (CAFE) standards to require 1.5% annual increases in efficiency through 2026, well below the 5% yearly boosts in Obama administration rules it discarded. [ read more … ]

Markets

EIA: Ethanol production up 2%, stocks expand by nearly 3%

By Ethanol Producer Magazine  •    •  Posted November 15, 2020

U.S. fuel ethanol production increased by nearly 2 percent the week ending Nov. 6, according to data released by the U.S. Energy Information Administration on Nov. 4. Weekly ending stocks were up nearly 3 percent. U.S. ethanol production reached 977,000 barrels per day the week ending Nov. 6, up 16,000 barrels per day when compared to the 961,000 barrels per day of production reported for the previous week. When compared to the 1.03 million barrels per day produced during the same week of last year, production was down 53,000 barrels per day. [ read more … ]

Amber wave Demand for American grain is surging

By The Economist  •    •  Posted November 15, 2020

The harvest rush in America’s heartland is subsiding. More than 90% of the country’s corn and soyabeans had been picked by November 8th. Crops moved from cart to trailer to grain elevator. Now a different kind of frenzy is taking hold.Exports of American corn are poised to reach a record of 67.3m tonnes for the marketing year that began in September, according to forecasts by the United States Departure of Agriculture (USDA) published on November 10th. Demand for corn and soyabeans may push American stocks to their lowest levels in seven years. By the time markets closed after the USDA’s report, the most actively traded corn and soyabean futures contracts had jumped to $4.23 and $11.46 a bushel, respectively, with corn up by more than a third since early August and soyabeans at their highest price in over four years. They may rise higher still. [ read more … ]

Iowa, Wisconsin Ethanol Plants Sue ADM

By Todd Neeley, DTN Staff Reporter  •    •  Posted November 15, 2020

Add six more ethanol companies to the list of plaintiffs suing Archer Daniels Midland, alleging one of the nation’s largest ethanol producers manipulated the market. Wisconsin producers United Wisconsin Grain Producers, Didion Ethanol, Ace Ethanol, Fox River Valley Ethanol, Badger State Ethanol and Iowa producer Pine Lake Corn, filed a new lawsuit on Wednesday in the U.S. District Court for the Central District of Illinois. [ read more … ]

Permanent oil refinery closures accelerate as pandemic bites – IEA

By Ahmad Ghaddar, Reuters  •    •  Posted November 15, 2020

Permanent refining capacity closures expected for 2020-2021 have risen to about 1.7 million barrels per day (bpd) as the COVID-19 pandemic hammers demand for oil products, the International Energy Agency said on Thursday. About a dozen refinery closures have been announced in the past few months, the IEA said, with the bulk of capacity closures – over 1 million bpd – happening in the United States. [ read more … ]

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