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Governors' Biofuels Coalition
NEWS UPDATE May 20, 2021

Top Story

Ford’s High-Stakes Electric F-150 Will Start Under $40,000

By Keith Naughton, Bloomberg  •    •  Posted May 20, 2021

Ford is looking to improve the odds of making the Lightning a hit. It has set the starting price at just under $40,000 — about the same as a gas-powered F-150 — and created a cavernous “frunk,” or front truck. At the touch of a button on the key fob, the hood and grille lift to reveal more than 14 cubic feet of space that can handle 400 pounds of cargo. It features a deep well with a drain for iced beverages. [ read more … ]

SREs

U.S. appeals court vacates biofuel waivers granted by Trump administration

By Stephanie Kelly, Reuters  •    •  Posted May 20, 2021

The 10th U.S. Circuit Court of Appeals on Wednesday vacated three waivers exempting oil refiners from biofuel blending mandates that former President Donald Trump’s administration granted in the last hours of his term. The U.S. Environmental Protection Agency, which granted the waivers in January to Sinclair Oil Corp refineries, did not properly analyze legal questions before granting the waivers, the ruling dated on Wednesday said.
[ read more … ]

Appeals Court Sends Three Small-Refinery Exemptions Back to EPA

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

The EPA on May 3 asked the U.S. Court of Appeals for the 10th Circuit in Denver to nullify the SREs. The court sent the exemptions back to the agency for reconsideration. “The motion concedes that the agency did not analyze determinative legal questions regarding whether petitioners’ (Sinclair Wyoming Refining Company and Sinclair Casper Refining Company) refineries qualified to receive extensions of the small-refinery exemption under this court’s controlling decision,” the court said in a ruling on Wednesday [ read more … ]

Court reverses three small refinery exemptions

By Agri-Pulse  •    •  Posted May 20, 2021

In a victory for the ethanol industry, the 10th U.S. Circuit Court of Appeals has struck down three small refinery exemptions the outgoing Trump administration issued to Sinclair Wyoming Refining Co. the day before President Joe Biden was inaugurated. Biden’s EPA petitioned for a remand of the exemptions April 30, and Sinclair responded this week that it didn’t oppose EPA’s request. Keep in mind: EPA’s biofuel waiver authority is now before the U.S. Supreme Court as the result of an earlier 10th Circuit decision. [ read more … ]

RFS

U.S. EPA to keep biofuel mandates steady in 2021-22 due to coronavirus -sources

By Jarrett Renshaw and Stephanie Kelly, Reuters  •    •  Posted May 20, 2021

The U.S. Environmental Protection Agency’s biofuel blending mandates for this year and next are likely to be in line with those of 2020 as the agency accounts for weaker fuel demand since the onset of the coronavirus pandemic, three sources familiar with the matter said. That would spare the U.S. refining industry the added costs associated with the usual annual expansion in renewable volume obligations under the Renewable Fuel Standard, at the expense of biofuel producers and the corn industry which depend on regular increases to grow their businesses. [ read more … ]

State Initiatives

2021 Iowa Legislature session has adjourned for the year

By O. Kay Henderson, Radio Iowa  •    •  Posted May 20, 2021

Several high-profile bills failed to pass the legislature this year, including the governor’s proposed Iowa renewable fuels standard. Last month, Reynolds indicated she’ll ask representatives of gasoline retailers and the biofuels industry to negotiate over the summer and fall and find a compromise that boosts the use of ethanol and biodiesel. [ read more … ]

Markets

After Colonial Pipeline Crisis, Roughly Three-Quarters of the Public Is Worried About Current, Future Gas Prices

BY LISA MARTINE JENKINS, Morning Consult  •    •  Posted May 20, 2021

While the share of the public who say they would be likely to consider purchasing an EV in the next decade saw a jump in the early months of the year — coinciding with a large marketing push from major automakers pivoting to electric vehicles, as well as frequent encouragement from President Joe Biden — that interest seems to have plateaued, even in light of recent gas shortages.  [ read more … ]

Commentary

In Praise of the Federal Ethanol Regulations

By Geoff Cooper, RFA  •    •  Posted May 20, 2021

Regarding your editorial “The Ethanol Gasoline Tax” (May 15): The 16-year-old law requiring oil refiners to blend renewable fuels with gasoline has nothing to do with recent higher gas prices. In fact, because ethanol extends fuel supplies and is cheaper than gasoline, the Renewable Fuel Standard deserves credit for reducing pump prices and saving Americans billions each year.
But like a gambler betting on the come, some refiners have refused to blend ethanol in the hope that political allies would bail them out of their legal obligation to do so. That high-stakes gambit worked under the last administration, as EPA head Scott Pruitt improperly granted blending “exemptions” to one-third of U.S. refineries. Those waivers devastated the corn market and resulted in billions of gallons of lost demand. [ read more … ]

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