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Governors' Biofuels Coalition
NEWS UPDATE February 18, 2021

Top Story

150 years of spills: Philadelphia refinery cleanup highlights toxic legacy of fossil fuels

By Laila Kearney Philadelphia and Valerie Volcovici in Washington, Reuters  •    •  Posted February 17, 2021

Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning from a sprawling and now-defunct oil refinery once operated by Philadelphia Energy Solutions. Other laborers ripped asbestos from the guts of an old boiler house, part of a massive demolition and redevelopment of the plant, which closed in 2019 after a series of explosions at the facility. [ read more … ]

Biofuel Initiatives

Carbon Goal Could Spur Ethanol Demand

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted February 17, 2021

The Renewable Fuels Association on Tuesday sought to drive home the focus on lowering carbon emissions as the way to spur greater ethanol demand with actions by the Biden administration and Congress. Seizing upon President Joe Biden’s goal to reduce carbon emissions, Geoff Cooper, president and CEO of the Renewable Fuels Association, pointed to Biden’s goals as a major opportunity for the biofuels industry. [ read more … ]

Gov. Walz pushes for subsidized biofuels but economists warn of climate damage, higher food prices

By The Center Square  •    •  Posted February 17, 2021

Gov. Tim Walz asked for President Joe Biden’s continued support for the biofuels program last week, despite economists’ concerns over concerns about biofuels’ inefficiency and costs. Biofuels — bioethanol and biodiesel derived from plants — since 2005 have been pitched as a solution to climate change because they decrease dependency on fossil fuels. [ read more … ]

Once Wary Ethanol Market Hails Potential of Clean-Fuel Policy

By Kim Chipman, Bloomberg  •    •  Posted February 17, 2021

Ethanol producers that once opposed California’s Low Carbon Fuel Standard are now wondering how fast the emissions-cutting policy can expand across the U.S. That question and how a broader LCFS might co-exist with the Renewable Fuel Standard, the federal mandate on blending biofuels with gasoline, will be in focus at a virtual three-day ethanol conference kicking off Tuesday. [ read more … ]

Markets

Deep Freeze Upends U.S. Agriculture Markets From Grains to Beef

By Isis Almeida and Kim Chipman, Bloomberg  •    •  Posted February 17, 2021

The deep freeze that has left almost five million Americans without power is snarling shipments of goods from corn to soybeans, shutting meat plants and curbing ethanol production. Traders say it’s increasingly hard to move grain to ports in the Pacific Northwest, and ice warnings are restricting navigation on the Illinois River. Energy costs soared, prompting some ethanol and soybean processing plants to slow down, said the traders, who asked not to be identified because the information is private. Cargill Inc. is curbing energy use while Archer-Daniels-Midland Co. slowed production at several locations due to gas shortages. Tyson Foods Inc. was among meat producers forced to shut plants in Texas. [ read more … ]

Some U.S. ethanol producers reduce production to sell natural gas for a profit

By Stephanie Kelly, Reuters  •    •  Posted February 17, 2021

Sky-high U.S. natural gas prices have prompted some Midwestern ethanol producers to reduce processing in the last week, hoping instead to sell off some of their natural gas to take advantage of current high spot prices caused by the spike in cold weather, industry sources said. Ethanol margins in the Corn Belt have dropped sharply due to the frigid weather, falling to negative-$3.92 a gallon, lowest since at least 2010, Refinitiv Eikon data showed. Natural gas prices have soared because of power needs, hitting their highest levels in years due to the cold snap. [ read more … ]

EVs

Jaguar cars to go all-electric by 2025 as JLR plans full range of e-models by 2030

By CNBC  •    •  Posted February 17, 2021

Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire lineup by 2030, it said on Monday, as it joined a global race to develop zero-emission vehicles. JLR, owned by India’s Tata Motors, said its Land Rover brand will launch six pure electric models over the next five years, with the first one coming in 2024. [ read more … ]

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