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Governors' Biofuels Coalition
NEWS UPDATE January 14, 2021

Top Story

U.S. biofuel industry expects outgoing EPA to grant majority of 2019 refinery waivers

By Stephanie Kelly, Reuters  •    •  Posted January 14, 2021

The U.S. biofuel industry expects the outgoing Trump administration to approve most of the waiver requests it has pending from the oil refining industry for 2019, three sources familiar with industry discussions said. The waivers – which exempt refiners from their obligation to add ethanol to gasoline – have been at the center of a contentious debate between the oil and corn lobbies. Refiners say the waivers are needed for small cash-strapped facilities to reduce regulatory costs, but biofuels producers oppose the program, arguing it undermines biofuel demand. [ read more … ]

SREs

Federal Lawmakers Ask Trump to Reject Pending SRE Requests for 2019

By Todd Neeley, DTN Staff Reporter  •    •  Posted January 13, 2021

Federal lawmakers expecting the Trump administration to announce a new round of small-refinery exemptions for 2019 to the Renewable Fuel Standard any day, asked President Donald Trump to reject the 32 pending requests. In a letter to Trump on Tuesday, members of the House biofuels caucus tell the president to continue to adhere to a federal court decision last year that found the agency illegally granted waivers to three companies in 2016. [ read more … ]

Senators ask Biden to restore the integrity of the RFS

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted January 13, 2021

A group of six democratic senators sent a letter President-elect Joe Biden on Jan. 11 urging his administration to support U.S. farmers and the biofuels industry by restoring the integrity of the Renewable Fuel Standard. The letter, signed by Sens. Tammy Duckworth. D-Ill.; Amy Klobuchar, D-Minn.; Tina Smith, D-Minn.; Tammy Baldwin, D-Wisc.; Debbie Stabenow, D-Mich.; and Richard Durbin, D-Ill., requests that Biden take bold action in support U.S. farmers and rural communities while acting to combat climate change. [ read more … ]

Markets

WASDE: 2020-’21 outlook for corn use in ethanol lowered

By Erin Voegele, Ethanol Producers Magazine  •    •  Posted January 13, 2021

The USDA lowered its prediction for 2020-’21 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released on Jan. 12. The forecasts for corn production, feed and residual use, exports, and ending stocks were also lowered. The 2020-’21 outlook for corn production is now estimated at 14.182 billion bushels, down 324 million on a lower yield and slight reduction in harvested area. [ read more … ]

Gasoline Profit Margins Rally as U.S. Refiners Ready for Summer

By Jeffrey Bair, Bloomberg  •    •  Posted January 13, 2021

The profit to make gasoline from crude is at its highest since July as the market chases supplies ahead of an expected recovery this summer. The spread between West Texas Intermediate crude and gasoline futures on the Nymex climbed above $12 a barrel Friday and has floated near that level as refiners start to build up gasoline inventories for expected higher summer demand.
[ read more … ]

EVs

Group unveils path to 100% EV sales by 2030

By Maxine Joselow, E&E News reporter  •    •  Posted January 13, 2021

A clean transportation lobbying group yesterday rolled out an action plan that it says would help the United States reach 100% electric vehicle sales by 2030. The policy platform from the Zero Emission Transportation Association outlines the most significant steps that President-elect Joe Biden and the 117th Congress can take to phase out sales of fossil fuel-powered vehicles within the next decade. Chief among those steps are expanding the federal EV tax credit, investing $30 billion in EV charging infrastructure and setting aggressive new clean car standards. [ read more … ]

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