Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE March 31, 2021

Top Story

Biden Details $2 Trillion Plan to Rebuild Infrastructure and Reshape the Economy

By Jim Tankersley, New York Times  •    •  Posted March 31, 2021

The president’s focus on climate change is centered, however, on modernizing and transforming the United States’ two largest sources of planet-warming greenhouse gas pollution: cars and electric power plants. The plan proposes spending $174 billion to encourage the manufacture and purchase of electric vehicles by granting tax credits and other incentives to companies that make electric vehicle batteries in the United States instead of China. The goal is to reduce vehicle price tags. The money would also fund the construction of about a half-million electric vehicle charging stations — although experts say that number is but a tiny fraction of what is needed to make electric vehicles a mainstream option. [ read more … ]

Biden Administration

FACT SHEET: The American Jobs Plan

By The White House  •    •  Posted March 31, 2021

While the American Rescue Plan is changing the course of the pandemic and delivering relief for working families, this is no time to build back to the way things were. This is the moment to reimagine and rebuild a new economy. The American Jobs Plan is an investment in America that will create millions of good jobs, rebuild our country’s infrastructure, and position the United States to out-compete China. Public domestic investment as a share of the economy has fallen by more than 40 percent since the 1960s. The American Jobs Plan will invest in America in a way we have not invested since we built the interstate highways and won the Space Race. [ read more … ]

Biden Signs Bill Extending PPP, Prepares Infrastructure Package

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted March 31, 2021

President Joe Biden on Tuesday signed the “PPP Extension Act of 2021” into law, extending the Small Business Administration’s Paycheck Protection Program loan application until May 31.
The initial PPP cutoff was set for March 31, but both chambers of Congress overwhelmingly passed legislation extending the program applications for two more months.
Under the law, SBA also will have an additional 30 days to complete PPP applications that were pending after May 31. [ read more … ]

Car Rule

Auto negotiations test Biden’s vow to create a climate-friendly future

By Steven Mufson, Washington Post  •    •  Posted March 31, 2021

The immediate question the Biden administration faces is what sort of mileage and greenhouse-gas standards to set for cars and SUVs between now and the 2026 model year, after the Trump administration weakened targets set under President Barack Obama. A year ago, the Environmental Protection Agency and the National Highway Traffic Safety Administration finalized a rule to improve average fuel efficiency by 1.5 percent per year, compared with a nearly 5 percent annual increase set to take effect under the Obama rules. But five automakers — Ford, Honda, Volkswagen, BMW North America and Volvo — have struck a deal with California that raises it about 3.7 percent annually. [ read more … ]

Markets

U.S. gasoline demand exceeds 2020 levels for first time in 2021: OPIS

By Stephanie Kelly, Reuters  •    •  Posted March 31, 2021

U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to a report on Tuesday from the Oil Price Information Service by IHS Markit. However, demand still trails pre-pandemic levels, and the year-on-year increase is a bigger reflection on last year’s demand destruction rather than strong economic recovery this year, the report said. [ read more … ]

Poet Expands Purified Alcohol Production, Launches Plant-Based Consumer Products

By Todd Neeley, DTN Staff Reporter  •    •  Posted March 31, 2021

The nation’s largest ethanol producer, Poet LLC, is expanding its business to include additional purified-alcohol production as well as renewable carbon dioxide and dry ice, the company announced in a news release on Wednesday. The company is adding purified-alcohol production capacity of up to 35 million gallons per year at its ethanol plant in Leipsic, Ohio, for hand sanitizers, grain-neutral spirits and USP-grade alcohol. [ read more … ]

USDA seeks comments on rural energy pilot program

By Biomass Magazine  •    •  Posted March 31, 2021

The USDA on March 30 announced it is seeking public input on a new rural energy pilot program that was authorized in the Consolidated Appropriations Act of 2021, a bill signed by former President Donald Trump on Dec. 27, 2020. Section 781 of that nearly 5,600-page bill authorizes $10 million to the USDA “to carry out a pilot program to provide financial assistance for rural communities to further develop renewable energy.” [ read more … ]

EVs

Automakers Vow to Spend $250 Billion on U.S. Electric Vehicles

By Keith Laing, Bloomberg  •    •  Posted March 31, 2021

Automakers and parts suppliers are prepared to spend $250 billion on boosting the use of electric vehicles in the U.S., and called on the Biden administration to urge Congress to extend tax credits to buyers. The funding is intended to spur adoption of alternative-fuel cars like plug-in hybrid vehicles, battery-powered EVs and fuel-cell EVs, the Alliance for Automotive Innovation, United Auto Workers International Union and Motor & Equipment Manufacturers Association said in a letter to President Joe Biden released Tuesday.
[ read more … ]

Electric vehicles to dominate line up at Toyota’s Lexus by 2025

By Eimi Yamamitsu, Reuters  •    •  Posted March 31, 2021

Lexus, a luxury auto brand owned by Toyota Motor Corp, said on Tuesday it plans to introduce 20 new or improved models by 2025, of which more than 10 will be electric. Electrified models such as battery electric vehicles (BEV), plug-in hybrids and hybrid electric cars will be introduced, the company said in a statement. [ read more … ]

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