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Governors' Biofuels Coalition
NEWS UPDATE November 23, 2020

Top Story

Exclusive: Plotting future, U.S. biofuel industry seeks federal clean fuel program from Biden

By Stephanie Kelly and Jarrett Renshaw, Reuters  •    •  Posted November 22, 2020

America’s biggest biofuel companies plan to ask President-elect Joe Biden to impose a nationwide standard to reduce carbon emissions from transport fuels, according to five sources familiar with the matter, and hope to preserve a role for products like ethanol amid the fight against climate change. The planned push from the biofuel industry reflects its increasing concern about the future as Biden prepares measures to slash emissions that could upend traditional energy markets, and as the federal regulation that has underpinned growth in the biofuel market for more than a decade – the Renewable Fuel Standard – nears expiry in its current form. [ read more … ]

SREs

EPA: 6 more SRE petitions filed, 58 now pending

By Ethanol Producer Magazine  •    •  Posted November 22, 2020

EPA released updated small refinery exemption (SRE) data on Nov. 19, reporting that six additional SRE petitions have been filed with the agency, including one for Renewable Fuel Standard compliance year 2019 and five for compliance year 2020. No other changes were made to the EPA’s online SRE data dashboard. A total of 58 SRE petitions are currently pending, up from 52 that were pending as of Oct. 15. The petitions include nine that have been filed for compliance year 2020, up from four last month, and 32 that are pending for compliance year 2019, up from 31 in October.
[ read more … ]

Carbon Capture

Congress Considers A Variety Of Programs To Incentivize Carbon Capture Projects

By Jim Magill, Forbes  •    •  Posted November 22, 2020

As industry leaders and policy makers increasingly confront the challenges of battling climate change triggered by an excess amount of carbon dioxide (CO₂) and other greenhouse gases in the atmosphere, they are increasingly turning to an old idea whose time seems to have come – removing emitted CO₂ from the air and storing it where it can’t do any damage, or turning it to some useful purpose. [ read more … ]

Markets

Study: Corn exports a major driver of Minnesota’s economy

By Minnesota Corn Growers Association  •    •  Posted November 22, 2020

Minnesota’s corn farmers understand the importance of the export market for their commodity, with nearly a third of corn and corn products exported out of the country. A recent study highlighted the importance of the export market for Minnesota’s entire economy. Commissioned by the National Corn Growers Association, the study found nearly 30 percent of the production value of Minnesota’s corn and corn products came from exports—a $1.7 billion value. The economic ripple effects of this export market in Minnesota created more than $3.1 billion in economic output, $1.1 billion in gross state product, and more than 12,700 jobs. [ read more … ]

Commentary

President Trump, Kansas farmers had your back. Don’t let the EPA destroy biofuel rules

By Michael Spencer, Kansas City Star  •    •  Posted November 22, 2020

But while farmers across the country faithfully stood by Trump, we remain deeply skeptical and uneasy about the intentions of his Environmental Protection Agency in the wake of the election. As the nation’s attention remains focused on the transfer of power, it feels as if something sinister is brewing at EPA — something that could damage the fragile farm economy and derail its recovery from COVID-19 disruptions. The Renewable Fuel Standard, a law requiring oil refiners to blend annually increasing amounts of renewable fuels such as corn ethanol into gasoline and diesel, remains under quiet assault from inside the EPA. [ read more … ]

EVs

GM Ups Bet on EVs as Investors Swoon for Electric Cars

By Mike Colias, Wall Street Journal  •    •  Posted November 22, 2020

General Motors Co.  is raising its bet on electric cars by more than a third, as it hustles to convince a skeptical Wall Street that it too can be successful in the nascent market. The nation’s biggest auto maker by sales said Thursday it would spend $27 billion through 2025 to develop electric and driverless vehicles. That is up from a $20 billion figure that GM pegged in March, days before the Covid-19 pandemic forced the industry to shut its North American factories and touched off an industrywide cash crisis. [ read more … ]

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