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Governors' Biofuels Coalition
NEWS UPDATE March 30, 2021

Top Story

Drivers Are Returning to the Road. That Is Good News for Corn Growers.

By Kirk Maltais, Wall Street Journal  •    •  Posted March 30, 2021

U.S. production of ethanol—found in roughly 98% of U.S. gasoline, according to the U.S. Energy Department—hasn’t returned to pre-pandemic levels. Domestic production stood at 922,000 barrels per day for the week ended March 19, the U.S. Energy Information Administration said Wednesday, down from more than a million barrels at this time in 2019. Now, more drivers are returning to American roads. Around 8.6 million barrels per day of gasoline were delivered to gas stations for the week ended March 19, according to EIA data. That is up nearly 175,000 barrels per day from the previous week, though still down from 8.8 million barrels at this point last year, when the pandemic’s shutdowns left cars parked nationwide. For the week ended March 15, 2019, the gasoline deliveries were 9.4 million barrels per day. [ read more … ]

RFS

Oil state senators urge EPA to waive RFS blending requirements

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted March 30, 2021

A group of 13 republican oil state senators on March 25 sent a letter to U.S. EPA Administrator Michael Regan urging the agency to use its general waiver authority to reduce Renewable Fuel Standard blending requirements. The letter cites challenges faced by the oil refining industry, including impacts on fuel markets caused by the COVID-19 pandemic and RFS compliance costs. It also references petitions filed by a bipartisan group of six governors and several small refineries requesting RFS waivers. [ read more … ]

State Initiatives

Iowa House panel to consider ethanol incentives

By KIWA  •    •  Posted March 30, 2021

House Speaker Pat Grassley says a House committee is likely to debate a bill this week that’s designed to boost the use of ethanol in Iowa. Grassley says both Democratic and Republican presidential administrations have not always been the best friends of the ethanol industry. “We need to stand up and send a message to the country that we’re going to do what we have to do in the state of Iowa to also promote the product.” [ read more … ]

Biden Administration

Biden’s Lesson From Past Green Stimulus Failures: Go Even Bigger

By Coral Davenport, New York Times  •    •  Posted March 30, 2021

In September 2009, then-Vice President Joseph R. Biden Jr. traveled to a defunct General Motors plant near his hometown, Wilmington, Del., to announce a $528.7 million government loan for Fisker Automotive to make hybrid and electric vehicles. Fisker went bankrupt in 2013 before the Wilmington factory produced a single car. Now, 12 years later, President Biden is preparing the details of a new, vastly larger, economic stimulus plan that again would use government spending to unite the goals of fighting climate change and restoring the economy. While clean energy spending was just a fraction of the Obama stimulus, Mr. Biden wants to make it the centerpiece of his proposal for trillions of dollars, not billions, on government grants, loans, and tax incentives to spark renewable power, energy efficiency and electric car production. [ read more … ]

Markets

World’s Top Agriculture Traders Gear Up For Green Diesel Boom

By Isis Almeida, Bloomberg  •    •  Posted March 30, 2021

The world’s biggest agricultural commodities traders are gearing up to profit from a boom in the American renewable diesel industry. As President Joe Biden presses ahead with his green agenda, Cargill Inc. is investing $475 million to boost its capacity to process soybeans, key in producing the cooking oils used in renewable diesel. Rivals Archer-Daniels-Midland Co. and Bunge Ltd. are working on making plants more efficient, and Andersons Inc. set up a desk to trade feedstocks for the green fuel. [ read more … ]

EVs

Auto industry urges Biden to back ‘comprehensive’ EV plan

By David Shepardson, Reuters  •    •  Posted March 30, 2021

Major automakers, parts companies and the United Auto Workers (UAW) union urged U.S. President Joe Biden to support a “comprehensive plan” on electric vehicles and called for hefty government tax credits and numerous other financial incentives. The requests, made in a six-page letter dated March 29, come as Biden is set to unveil on Wednesday a $3 trillion or more infrastructure proposal that could include significant support for manufacturing and charging electric vehicles (EVs). [ read more … ]

VW accidentally leaks new name for its U.S. operations: Voltswagen

By Michael Wayland, CNBC  •    •  Posted March 30, 2021

Volkswagen accidentally posted a press release on its website a month early on Monday announcing a new name for its U.S. operations, Voltswagen of America, emphasizing the German automaker’s electric vehicle efforts. A spokesman for the company declined to comment on the release, which was dated April 29 and has since been taken down. [ read more … ]

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