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Governors' Biofuels Coalition
NEWS UPDATE April 4, 2021

Top Story

Iowa E15 sales surge to new record in 2020

By Jody Heemstra, DRGNews  •    •  Posted April 4, 2021

Sales of E15 (gasoline containing 15% ethanol) jumped 24% and set a new record in Iowa in 2020, despite the pandemic-related drop in overall fuel consumption, according to data released this week by the Iowa Department of Revenue. Meanwhile, E15 and E85 flex fuel data from two other states show that 2020 sales volumes generally held steady, even as COVID-19 crushed overall fuel demand. [ read more … ]

E15

Ethanol: Time to ‘think big picture’

By Indiana Herald Bulletin  •    •  Posted April 4, 2021

Despite lawmakers’ support of the bill, its opponents — including officials at POET Biorefining in Alexandria — argue that a federally mandated label is already attached to the 79 E15 pumps in Indiana. Adding another warning, they say, would confuse consumers and discourage sales of E15. “Any state or local label on E15 is expressly pre-empted by federal law, in the EPA and under the (Federal Trade Commission),” said Tim Phelps, a spokesman for the ethanol producers group. [ read more … ]

Biden Administration

Biden’s Infrastructure Plan: Where the Money Is Going

By Andrew Duehren, Wall Street Journal  •    •  Posted April 4, 2021

The White House rolled out a $2.3 trillion plan that makes major investments in the nation’s infrastructure, along with a series of tax increases on corporations. President Biden detailed the proposal in a speech in Pittsburgh on Wednesday afternoon. The broad outline now goes to Capitol Hill. Republicans have indicated that they would be opposed to a large package accompanied by tax increases, meaning Democrats will likely need to leverage their slim majorities in Congress to pass it along party lines.
[ read more … ]

Biden Purges Science Adviser Panels Trump Tilted Toward Industry

By Jennifer A Dlouhy and Stephen Lee, Bloomberg  •    •  Posted April 4, 2021

The Biden administration is purging members of two of the scientific advisory committees that guide the work of the Environmental Protection Agency, a move designed to shrink the influence of industry on the panels. EPA Administrator Michael Regan cast the decision as necessary to ensuring scientific integrity at the agency.
[ read more … ]

Markets

ADM to restart ethanol production at 2 mills as demand rises

By Arathy S Nair, Reuters  •    •  Posted April 4, 2021

Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump. The company had last April decided to temporarily idle ethanol production at its facilities in Cedar Rapids, Iowa, and Columbus, Nebraska due to lower gasoline demand.
[ read more … ]

OPEC panel estimates that demand for oil will decline

By Grant Smith, Salma El Wardany and Javier Blas, Bloomberg  •    •  Posted April 4, 2021

A panel of OPEC+ technical experts revised down oil-demand estimates for 2021, signaling a more negative view of the market just days before the group decides on production policy. The OPEC+ Joint Technical Committee now estimates that global oil demand will expand by 5.6 million barrels a day this year, down from 5.9 million previously, according to delegates and documents seen by Bloomberg. [ read more … ]

U.S.-Saudis Discuss Energy Affordability Before OPEC+ Talks

By Javier Blas, Bloomberg  •    •  Posted April 4, 2021

The U.S. called Saudi Arabia on the eve of an OPEC+ meeting to highlight the importance of “affordable energy,” adding another element of uncertainty into the group’s decision on production cuts. The cartel is heading into Thursday’s talks with several options up for discussion, including maintaining its existing production cuts or making a modest increase, delegates said. Rhetoric from the cartel’s top official had indicated a cautious approach, focusing on the fragility of demand and the risk of a Covid-19 resurgence. [ read more … ]

Commentary

Why Biden’s Infrastructure Plan Is a Green Jobs Plan

By Gernot Wagner, Bloomberg  •    •  Posted April 4, 2021

“Once you put capital money to work, jobs are created.” These are not the words of President Joe Biden, announcing his administration’s infrastructure plan in Pittsburgh on Wednesday. Nor were they the words of Transportation Secretary Pete Buttigieg, standing on a train platform to announce expanded service, or of any of the administration’s economists charged with touting the virtues of the $2.25 trillion spending plan. It was Michael Morris, then-CEO of Ohio utility American Electric Power, who uttered them on an investor call a decade ago. [ read more … ]

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