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Governors' Biofuels Coalition
NEWS UPDATE August 23, 2021

Top Story

FEATURE: US ethanol advocates ‘turning over every stone’ in fight to end summertime ban on E15

By Jasmin Melvin, S&P Global  •    •  Posted August 23, 2021

Efforts to restore nationwide year-round sales of a 15% ethanol fuel blend are shaping up along three different avenues as biofuel and farm groups pursue an uphill battle to provide retailers with assurances on access to the fuel before next summer. The DC Circuit Court of Appeals July 2 vacated a 2019 Environmental Protection Agency rule that extended a summertime waiver of Reid Vapor Pressure (RVP) requirements to biofuel blends containing more than 10% ethanol. The implications of that ruling are poised to devastate the market expansion of homegrown biofuels if this barrier to sales is not resolved before next summer, the Renewable Fuels Association said. [ read more … ]

Off Topic

How a Billion-Dollar Farm-Tech Startup Stumbled, Then Revamped

By Jacob Bunge, Wall Street Journal  •    •  Posted August 23, 2021

When a Boston-based tech startup showed John Creighton one of the best prices for his corn he’d seen in years, the farmer signed up to sell 75,000 bushels through its network. What followed were months of headaches. The company’s paperwork, which farmers rely on to track grain quality and deliveries, was a mess, Mr. Creighton said. Trucks sometimes arrived at the farm to make pickups in the middle of the night, and several loads of his grain went missing. Months passed without full payment on the grain, versus the 72-hour turnaround with local elevators. He was paid, he said, after threatening to complain to regulators. [ read more … ]

RFS Blending Levels

Biofuels get their numbers

BY MATTHEW CHOI, Politico  •    •  Posted August 23, 2021

EPA is preparing new quotas for how much biofuel must be blended into gasoline, as the administration balances competing interests from the oil and agriculture industries, Bloomberg reports. EPA has told lawmakers to expect a White House review of the plan soon, which would lead to EPA formally proposing new rules in the next few weeks [ read more … ]


Court Dismisses Ethanol Market Lawsuits

By Todd Neeley, DTN Staff Reporter  •    •  Posted August 23, 2021

Two of four antitrust lawsuits filed against Archer Daniels Midland, alleging ethanol market manipulation, were dismissed by a federal court in Illinois. The remaining two cases are on track for trial in 2024. The U.S. District Court for the Central District of Illinois in Urbana dismissed lawsuits filed by Green Plains Trade Group Inc. and Midwest Renewable Energy. The lawsuits all allege ADM intentionally manipulated and artificially depressed the price of ethanol by targeting ethanol sales activity at the Argo terminal in Illinois.
[ read more … ]

RIN prices fall sharply after news about RVOs, talk of refiner selling

By Wesley Swift, Platts  •    •  Posted August 23, 2021

 Renewable fuel credit prices on Aug. 20 cratered to three-month lows amid published reports that federal government could lower its 2021 blending mandates below 2020 levels. S&P Global Platts assessed D6 ethanol Renewable Identification Numbers for 2021 at $1.3075/RIN, down 23 cents day on day. Platts assessed D4 biodiesel RINs at $1.5025/RIN, 20.5 cents lower on the day. [ read more … ]

Marathon, ADM to form joint venture to produce renewable diesel feedstocks

By OPIS  •    •  Posted August 23, 2021

Marathon Petroleum and agricultural processing giant Archer Daniels Midland (ADM) will form a joint venture to produce soybean oil to supply growing U.S. demand for renewable diesel, the companies said on Thursday. The companies said the joint venture will own and operate ADM’s previously announced soybean processing complex in Spiritwood, North Dakota. [ read more … ]


Let’s prioritize American renewable fuels over foreign oil and minerals

By Geoff Cooper, The Hill  •    •  Posted August 23, 2021

After suffering through more than a year of quarantines, stay-at-home orders, and travel lockdowns, millions of Americans have eagerly returned to the nation’s highways this summer for long-awaited vacations and road trips. As a result, gasoline demand has surged to record highs and pump prices are at levels not seen since 2014. In recent weeks, regular-grade gas prices averaged $3.17 per gallon, up almost 50 percent from the same time last year. With higher fuel prices threatening to undermine the nation’s ongoing economic recovery, it’s easy to see why the Biden administration is looking for ways to ease America’s pain at the pump.   [ read more … ]

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