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 19, 2021

Top Story

The Oil That Cooked Your Fries Is Now Refueling Your Aircraft

By Kati Pohjanpalo, Bloomberg  •    •  Posted May 19, 2021

Neste Oyj is betting that sustainable aviation fuel, SAF, will appeal to businesses eager to cut carbon emissions. The company also expects the fuel’s higher price won’t be an obstacle, as post-pandemic air travel resumes with a more climate-conscious mindset. “People will start flying again, but then they want to fly in a more sustainable way,” Chief Executive Officer Peter Vanacker said in an interview. “Just like we did with renewable diesel, we are creating this market.” [ read more … ]

Biden Administration

Electric Pickups Could Make or Break Biden’s Infrastructure Plans

By Jim Tankersley, Coral Davenport and Neal E. Boudette. New York Times  •    •  Posted May 19, 2021

“This sucker’s quick,” Mr. Biden told reporters through an open window of the prototype truck, before hitting the gas. But the transition he is championing, from gas guzzlers to plug-in powerhouses, will be anything but swift. Mr. Biden and Republicans in Congress are at odds over the president’s $4 trillion economic agenda and the best way to help America in its race with China in the decades of global economic competition to come. In remarks on Tuesday at the Ford Rouge Electric Vehicle Center, Mr. Biden called for spending hundreds of billions of dollars for domestic manufacturing, electric vehicle deployment and research into emerging technologies like advanced batteries. [ read more … ]

Biden Considering Point-of-Sale Rebates for Electric Car Buyers

By Jennifer A Dlouhy, Bloomberg  •    •  Posted May 19, 2021

The Biden administration wants to give consumers rebates for purchasing electric vehicles to help the U.S. compete against China in manufacturing the next generation of automobiles, White House Climate Advisor Gina McCarthy said. President Joe Biden is “looking to invest more than $170 billion and he’s going to build out the electric charging stations that we need for consumers to buy these vehicles and feel confident that they can get where they want to go and back again. “He’s looking at actually providing consumer rebates at the point of sale,” she said.

[ read more … ]

Colonial Pipeline

Colonial Pipeline CEO Tells Why He Paid Hackers a $4.4 Million Ranso

By Collin Eaton, Wall Street Journal  •    •  Posted May 19, 2021

The operator of the Colonial Pipeline learned it was in trouble at daybreak on May 7, when an employee found a ransom note from hackers on a control-room computer. By that night, the company’s chief executive came to a difficult conclusion: He had to pay. Joseph Blount, CEO of Colonial Pipeline Co., told The Wall Street Journal that he authorized the ransom payment of $4.4 million because executives were unsure how badly the cyberattack had breached its systems or how long it would take to bring the pipeline back. [ read more … ]

Hackers and Climate Change Threaten U.S. Energy Independence

By Clifford Krauss, New York Times  •    •  Posted May 19, 2021

When OPEC barred oil exports to the United States in 1973, creating long gasoline lines, President Richard Nixon pledged an effort that would combine the spirit of the Apollo program and the determination of the Manhattan Project. “By the end of this decade, we will have developed the potential to meet our own energy needs without depending on any foreign energy sources,” he said in a televised address. His timing was off — it took more than 40 years — but the country has come pretty close to energy independence in recent years thanks to a surge in domestic shale oil and natural gas production and the harnessing of solar and wind energy. [ read more … ]

Markets

High corn prices thinning ethanol margins

By Mark Dorenkamp, Brownfield  •    •  Posted May 19, 2021

High corn prices are thinning ethanol margins. Renewable Fuels Association CEO Geoff Cooper tells Brownfield biofuel producers are concerned about market dynamics. “Especially when you think about getting into July and August, and how far is this old crop going to stretch before we get new crop coming in. But I’ll tell you, so far the industry has been able to manage these higher corn prices pretty effectively.” [ read more … ]

EU’s dismissal of crop-based biofuels will impede transport decarbonisation: industry

By EURACTIV.com  •    •  Posted May 19, 2021

The EU’s decision to cap the share of crop-based biofuels in the bloc’s energy mix risks hampering efforts to decarbonise the transport sector, industry has warned ahead of the revision of the renewable energy directive. Environmentalists, on the contrary, say the EU executive is not going far enough in stemming the use of biofuels, arguing that fuels from virgin crops cannot be sustainable. [ read more … ]

Mead Ethanol Plant

Special committee proposed to study AltEn, environmental regulations

By Chris Dunker, Lincoln Journal Star  •    •  Posted May 19, 2021

A pair of legislative resolutions introduced Tuesday called for two separate investigations into the state’s response to an ethanol plant near Mead that flouted environmental regulations for years. The first would create an interim study to look at the state’s existing environmental regulations, while the second would create a special committee to examine the history of AltEn and the state’s history of regulating the company. Unlike most ethanol plants across the country, the Kansas-based company used seed coated with insecticides and fungicides to make ethanol, creating widespread environmental contamination in Saunders County. [ read more … ]

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