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Governors' Biofuels Coalition
NEWS UPDATE April 20, 2021

Top Story

Market Approaches $6 Corn

By Katie Micik Dehlinger, Farm Business Editor  •    •  Posted April 20, 2021

Old-crop corn prices are closing in on $6 per bushel for the first time since 2013, and DTN Lead Analyst Todd Hultman said there’s little in the picture that could change the upward price trend. The July futures contract, which is the benchmark reference price for old-crop corn supplies at this time of year, closed at a new high of $5.80 1/2 on Monday. The December futures contract, which better reflects the anticipated supply and demand picture after the next harvest, closed at $5.20 1/2, a level that is widely considered profitable for farmers but troublesome for end users like livestock feeders and ethanol plants. [ read more … ]

E15

Ethanol, Ag Want E15 Label Changes

By Todd Neeley, DTN Staff Reporter  •    •  Posted April 20, 2021

Though ethanol groups see no reason for E15 labels on pumps, the industry offered recommendations to EPA at the close of a public comment period on Monday, suggesting such a label should at least be made clearer to consumers. Back in January EPA proposed a number of possible labeling changes to E15 pumps, including modifying or eliminating labels altogether. [ read more … ]

Ethanol groups comment in support of proposed UST, E15 label rule

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted April 20, 2021

Representatives of the U.S. ethanol industry on April 19 filed comments with the U.S. EPA in support of the agency’s proposed rule that would modify or eliminate current fuel pump labeling requirements for E15 and make it easier for station owners to demonstrate E15 compatibility for underground storage tanks (USTs). The EPA released the proposed rule on mid-January. A 90-day public comment period is set to close April 19.
[ read more … ]

RFS

RFA Insists Law Clear in Ethanol Waivers Case, But Unsure Why Supreme Court Reviewing

By NAFB  •    •  Posted April 20, 2021

The Renewable Fuels Association insists the law is clear in limiting EPA biofuel waivers to oil refiners, but in a possibly troubling sign, the RFA can’t understand why the Supreme Court agreed to hear the case this month. RFA chief Geoff Cooper does not doubt that the law is clear that the Environmental Protection Agency can only grant refiner exemptions from using ethanol continuously, and only if they were given in the past. [ read more … ]

Climate Change

The Science of Climate Change Explained: Facts, Evidence and Proof

By Julia Rosen, New York Times  •    •  Posted April 20, 2021

The science of climate change is more solid and widely agreed upon than you might think. But the scope of the topic, as well as rampant disinformation, can make it hard to separate fact from fiction. Here, we’ve done our best to present you with not only the most accurate scientific information, but also an explanation of how we know it. [ read more … ]

Carbon emissions to soar in 2021 by second highest rate in history

By Fiona Harvey,The Guardian  •    •  Posted April 20, 2021

Carbon dioxide emissions are forecast to jump this year by the second biggest annual rise in history, as global economies pour stimulus cash into fossil fuels in the recovery from the Covid-19 recession. The leap will be second only to the massive rebound 10 years ago after the financial crisis, and will put climate hopes out of reach unless governments act quickly, the International Energy Agency has warned. [ read more … ]

Markets

Love’s, Cargill to Build Renewable Diesel Plant in Nebraska Joint Venture

By Todd Neeley, DTN Reporter  •    •  Posted April 20, 2021

Cargill and Love’s Family of Companies announced a joint venture on Tuesday, building an 80-million-gallon renewable diesel production plant in Hastings, Nebraska, and making the fuel available to consumers at Love’s Travel Stops across the country. The 50/50 joint venture has been named Heartwell Renewables, and will produce renewable diesel using tallow, a rendered animal fat co-product to be provided by Cargill, according to a news release from the companies. [ read more … ]

Minnesota corn pledges to biofuels infrastructure investment grant program

By Mark Dorenkamp, Brownfield  •    •  Posted April 20, 2021

The Minnesota Corn Research and Promotion Council and Growers Association are committing $1 million to help spark investments in biofuels infrastructure. Council chair Jim O’Connor, who farms near Blooming Prairie, tells Brownfield members are putting their best foot forward as the legislature considers Governor Walz’s proposal of $2 million per-year for a state biofuel infrastructure grant program. [ read more … ]

U.S. House panel advances bill allowing anti-trust suits against OPEC

By Timothy Gardner, Reuters  •    •  Posted April 20, 2021

A U.S. House panel on Tuesday passed a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion in boosting petroleum prices, but it was uncertain whether the full chamber would consider the legislation. The so-called NOPEC bill, introduced by Representative Steve Chabot, a Republican, passed on a voice vote in the House Judiciary Committee. It would allow the U.S. Justice Department to bring anti-trust lawsuits against oil-producing countries in the Organization of the Petroleum Exporting Countries. [ read more … ]

EVs

Toyota says it will introduce 15 BEVs, expand electric lineup by 2025 | Reuters

By Reuters  •    •  Posted April 20, 2021

Toyota Motor Corp said on Monday it will introduce 15 battery electric vehicle (BEV) models globally by 2025, expanding the automaker’s electric vehicle lineup to achieve carbon neutrality before 2050. The company will increase its number of electric models to around 70 from currently offered 55, it said in a statement. [ read more … ]

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