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Governors' Biofuels Coalition
NEWS UPDATE June 6, 2021

Top Story

What a Dutch Court Ruling Means for Shell and Big Oil

By Diederik Baazil and Laura Millan Lombrana, Bloomberg  •    •  Posted June 6, 2021

Climate lawyers are preparing to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions faster than planned, on the grounds that the oil giant is violating human rights by contributing to global warming. It was a turning point for climate court cases, which boomed after the Paris Agreement on global warming was reached in 2015. Initially, many cases challenged governments’ plans, but litigators are increasingly targeting companies.
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Biden Administration

Biden Narrows Infrastructure Request, but Hurdles Remain for Bipartisan Deal

By Jim Tankersley and Emily Cochrane, New York Times  •    •  Posted June 6, 2021

President Biden offered a series of concessions to try to secure a $1 trillion infrastructure deal with Senate Republicans in an Oval Office meeting this week, narrowing both his spending and tax proposals as negotiations barreled into the final days of what could be an improbable agreement or a blame game that escalates quickly. A deal still appears to be a long shot, with potential tax increases the biggest hurdle to winning the kind of Republican support that Mr. Biden has said he is seeking. But the continued movement underscored his hopes for a revival of bipartisanship. [ read more … ]

Markets

Renewable-Fuel Push Drives Soyoil Prices to Record High

By Kirk Maltais, Wall Street Journal  •    •  Posted June 6, 2021

Producers are racing to keep up. Production capacity for soyoil in the U.S. is expected to grow to 935 million gallons in 2021, nearly double from where it was last year, according to data from StoneX Group. By 2023, that capacity is expected to swell to over two billion gallons annually. “The enthusiasm for this new generation of renewable fuels mimics what we saw in the early days of the ethanol boom,” said Arlan Suderman, chief commodities economist with StoneX. ADM said last month that it would invest $350 million into building a new soybean-crushing plant—where raw soybeans are made into products like oil and meal—in Spiritwood, N.D. ADM said the facility will open before the 2023 harvest, processing as much as 150,000 bushels of soybeans a day. [ read more … ]

EIA: US Ethanol Stocks Off Multiyear Low as Output Jumps

By DTN Staff  •    •  Posted June 6, 2021

EIA reported PADD 2 ethanol plant production gained 16,000 bpd to 985,000 bpd, matching output just two weeks ago, which was the highest weekly production rate in over a year. Total ethanol inventories rose 608,000 barrels (bbl) to 19.588 million bbl last week, the highest level since the end of April.
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“Combining nature with human innovation”: POET to start construction on Sioux Falls’ largest solar farm

By Ariana Schumacher. KELOLAND.com  •    •  Posted June 6, 2021

“For nearly 34 years, our core mission has been taking and harnessing the power and the energy of the sun, in the form of the corn plant, producing biofuels and bioproducts, now we are going to extend that and do it in another way, in the form of capturing that in solar panels, transferring it to electricity. “We need to find new technologies and new ways to live sustainably into the future, for the next generations to come,” said Jeff Lautt, President of POET. “And so we are excited, as POET, to be a company that is leading the way in developing technologies that is going to provide that sustainability and for a better climate and kinder to the earth.” [ read more … ]

d’Amico Group testing biofuel decarbonisation potential

By Biofuels International  •    •  Posted June 6, 2021

d’Amico Group, TRAFIGURA, ABS, RINA, Lloyd’s Register’s Fuel Oil Bunker Analysis Advisory Service (FOBAS), the Liberian Registry and MAN Energy Solutions are working together to calculate possible CO2 emissions reduction through a “lifecycle strategy”, using well-to-wheel (WTW) analysis to compare the performance of biofuels to traditional fossil fuels. The project will assess the stability and degradation of the biofuel in relation to storage time and NOx emissions to confirm that the use of biofuel B30 will not affect the certification of the engines. [ read more … ]

EVs

Ford Production of Electric Mustang Exceeds Gas-Powered Models

By Keith Naughton, Bloomberg  •    •  Posted June 6, 2021

Ford Motor Co. surpassed a significant milestone in its conversion to electric vehicles, producing more battery-powered Mustangs so far this year than gasoline-fueled versions of its iconic pony car. Ford has built 27,816 electric Mustang Mach-E models at a plant in Mexico this year compared to 26,089 copies of the traditional internal combustion engine Mustang at a factory in Michigan, according to production data the automaker released Thursday. [ read more … ]

EXCLUSIVE Biden’s electric vehicle plan includes battery recycling push

By Trevor Hunnicutt and Ernest Scheyder, Reuters  •    •  Posted June 6, 2021

President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China centerpieces of his agenda, the administration is set to wrap up a 100-day review on Friday of gaps in supply chains in key areas, including electric vehicles (EV). [ read more … ]

Commentary

Life after ethanol: Are we prepared?

By Michael Bredeson, Minneapolis Star Tribune  •    •  Posted June 6, 2021

The ethanol industry won’t disappear overnight. But with all signs pointing to a substantial reduction in ethanol demand, we need to be proactive in developing plans to exit an agricultural industry dependent on ethanol and enter an agricultural age that will support farming communities. A plan to help landowners introduce grasslands might save the American farmer from facing a difficult future. [ read more … ]

Nebraska energy

By Deb Fisher, U.S. Senate  •    •  Posted June 6, 2021

f you care about sustainability, I have good news: There are proven ways to make traditional energy better for the environment. Gasoline mixed with ethanol has been shown to burn cleaner than normal gas, and corn-based ethanol lowers gasoline’s greenhouse gas emissions by 46%. Congress recognized ethanol’s importance to a greener world when it passed the Energy Policy Act in 2005. This bill authorized the Renewable Fuel Standard, which requires fuel sold in the United States to contain a minimum amount of renewable fuels such as ethanol. [ read more … ]

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