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 May 12, 2021

Top Story

Farms Eye Colonial Supply Disruptions

By  Todd Neeley, DTN Staff Reporter  •    •  Posted May 12, 2021

The EPA on Tuesday granted waivers to allow E15 to be made available at fuel terminals in states on the Eastern Seaboard in response to the attack on the Colonial Pipeline. EPA expanded the waiver on Tuesday night to more areas of the District of Columbia and Maryland, Pennsylvania, Virginia, Alabama, Delaware, Georgia, specific counties in Florida, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. The agency’s actions came on the same day two major ethanol interest groups asked EPA Administrator Michael Regan to take actions to make E15 more widely available. [ read more … ]

Colonial Pipeline

Beyond Colonial Pipeline, Ransomware Cyberattacks Are a Growing Threat

By Robert McMillan, Dustin Volz and Tawnell D. Hobbs, Wall Street Journal  •    •  Posted May 12, 2021

The cyberattack that knocked offline an essential U.S. gasoline pipeline shows how the dangerous, professional-scale hack-for-ransom threat is spreading rapidly, targeting companies, schools, hospitals and other institutions. While ransomware has been a challenge for small businesses for years, a confluence of factors have emboldened attackers in the past year, culminating in the shutdown Friday of a critical gasoline pipeline to the U.S. East Coast. The pipeline’s operator, Colonial Pipeline Co., now says service could be offline until week’s end, threatening to raise prices at the pump for millions of Americans. [ read more … ]

As Pipeline Shutdown Sparks Fuel Shortage Fears, Groups Say Ethanol Could Ease Supply Issues

By TYNE MORGAN, AgWeb  •    •  Posted May 12, 2021

Fuel prices across the country were already on the rise, but now a cyber attack on one of the largest fuel pipelines in the U.S. is creating fears about a possible fuel shortage. The White House said Monday a shortage isn’t imminent, and the pipeline can be brought back online relatively quickly.  Investigators believe a criminal group from Russia is behind the attack over the weekend. The ransomware is disrupting the Georgia-based Colonial Pipeline, which operates the pipeline that carries millions of barrels of gasoline, diesel and jet fuel to nearly half of the East Cost.  [ read more … ]

Higher Ethanol Blends

Researchers have proven E30 is safe for long-term use in non-flex fuel vehicles. The findings could bolster the push for low-carbon fuel legislation.

By Lisa Gibson, Ethanol Producer Magazine  •    •  Posted May 12, 2021

University of Nebraska Researchers have proven E30 is safe for long-term use in non-flex fuel vehicles. The findings could bolster the push for state- and federal-level low-carbon fuel legislation. Two researchers from the University of Nebraska–Lincoln are eager to continue sharing their results from a study that evaluated the impact of E30 in 50 non-flex fuel state fleet vehicles. [ read more … ]

State Initiatives

How Iowa missed its lofty biofuels goal

By Jason Clayworth, Axios Des Moines  •    •  Posted May 12, 2021

Iowa’s longtime goal to replace 25% of petroleum used in gasoline with biofuels by 2020 fell far short, a new report from the Iowa Department of Revenue shows. By the numbers: Last year hit 14.5%, a record yet still short by roughly 226.2 million gallons needed to reach the mark set by lawmakers in 2006. [ read more … ]

Markets

Oil Glut Returns to Near Pre-Pandemic Levels

By David Hodari, Wall Street Journal  •    •  Posted May 12, 2021

The oil supply glut that built up after the pandemic forced producing countries to slash output has almost returned to normal levels, the International Energy Agency said Wednesday. But in its monthly report, the IEA cut its 2021 global demand growth forecast by 270,000 barrels to 5.4 million barrels a day. Demand in Europe and the Americas in the first quarter was weaker than previously thought, the IEA said. The agency cut its second-quarter forecast for Indian demand as the country struggles with high coronavirus infection rates. [ read more … ]

U.S. Gasoline Prices Rise Above $3/Gallon First Time Since 2014

By Javier Blas and Brian Wingfield, Bloomberg  •    •  Posted May 12, 2021

U.S. national average retail gasoline prices have risen above $3 a gallon for the first time since 2014, after a cyberattack shut operations at Colonial Pipeline, the main supply link for the East Coast. The nation’s average retail price is now at $3.008 a gallon, according to motoring organization AAA. The pipeline’s shutdown has caused shortages at fuel stations around the Southeast. [ read more … ]

EIA maintains 2021, 2022 ethanol forecasts, discusses corn prices

By Ethanol Producer Magazine  •    •  Posted May 12, 2021

The U.S. Energy Information Administration maintained its forecasts for 2021 and 2022 ethanol production in its latest Short-Term Energy Outlook, released May 11. The outlook for 2021 ethanol blending was increased slightly. The May STEO also includes a discussion the recent spike in corn, ethanol and renewable identification number (RIN) prices. The EIA currently predicts fuel ethanol production will average 960,000 barrels per day this year, up from 910,000 barrels per day in 2020. Production is expected to increase to 990,000 barrels per day in 2022. Both figures were maintained when compared to forecasts made in EIA’s March STEO and the agency’s April STEO. [ read more … ]

EVs

EXCLUSIVE Tesla seeks entry into U.S. renewable fuel credit market – sources

By Jarrett Renshawand Stephanie Kelly, Reuters  •    •  Posted May 12, 2021

Tesla Inc is seeking to enter the multi-billion dollar U.S. renewable credit market, hoping to profit from the Biden administration’s march toward new zero-emission goals, two sources familiar with the matter said. The electric car maker is one of at least eight companies with a pending application at the Environmental Protection Agency tied to power generation and renewable credits, the sources said. The EPA produces a list of pending applications with some details, but not companies’ names. [ read more … ]

 

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