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Governors' Biofuels Coalition
NEWS UPDATE October 10, 2022

Top Story

Ethanol giant fighting to keep secret the reason Iowa agency thinks it should repay millions in tax credits

By Tyler Jett, Des Moines Register  •    •  Posted October 10, 2022

The Iowa Department of Revenue held a closed-door meeting Monday to decide whether the public can know the details of a fight over taxes between the state and the world’s largest ethanol company. Revenue Department director Kraig Paulson scheduled the hearing for lawyers representing the company, Poet, who have argued that documents submitted to the Department of Revenue are exempt from the state’s open records laws. The South Dakota-based company submitted the documents to the agency as part of an ongoing appeal of the Department of Revenue’s March 2021 decision that Poet improperly received tax credits. [ read more … ]

SAF

Honeywell to make lower-carbon aviation fuel from ethanol

By Stephanie Kelly, Reuters  •    •  Posted October 10, 2022

Tech firm Honeywell International Inc will roll out technology that could increase supplies of lower-carbon aviation fuel produced from ethanol, the company said Monday, as the Biden administration calls for the aviation industry to reduce emissions. Honeywell’s technology can increase production efficiency of sustainable aviation fuel (SAF) to lower costs. The airline sector is considered one of the most difficult to decarbonize as fuel cannot be easily replaced with other kinds of power. Oil refiners have been trying to increase production of SAF to try to lower emissions. [ read more … ]

Markets

Gas Prices in U.S. Rise for a Second Week After Refineries Shut Down

By Isabella Simonetti, New York Times  •    •  Posted October 10, 2022

Gasoline prices in the United States are creeping higher, reversing a monthslong streak of declines and chipping away at a potent talking point for the Biden administration, which had been emphasizing its success at easing pressure on drivers since the summer. Though the uptick has followed a rise in crude oil prices, analysts pointed to two new factors that are also pushing gasoline higher — a loss of refining capacity in California and Ohio, and rising demand in recent weeks. [ read more … ]

Expert: ADM Manipulated Ethanol Market

By Todd Neeley, Progressive Farmer  •    •  Posted October 10, 2022

A federal judge temporarily denied Archer Daniels Midland’s motion to exclude the testimony of an expert witness who says there’s evidence the company manipulated ethanol markets at the Argo terminal in Illinois, as alleged by ethanol producers and other companies in a series of lawsuits. Leading up to a trial in the U.S. District Court for the District of Central Illinois, ADM had asked the court to exclude a report and testimony of economist Shawn Ledgerwood, a former economist at the Office of Enforcement of the Federal Energy Regulatory Commission. [ read more … ]

Renewable fuels face supply challenge

By Willie Vogt, Farm Progress  •    •  Posted October 10, 2022

For decades farmers have looked to renewable fuels to boost demand for commodity crops. Ethanol has been a solid source of demand and biodiesel is gaining traction. Add in renewable diesel which has support from the petroleum industry and the future looks pretty good. But how good? Recently CoBank issued a comprehensive look at the renewable fuel industry including ethanol demand and the changing nature of renewable diesel. The report “Renewable Diesel Projected to Turbo Charge Biofuel Growth” kind of says it all. We turned to Ken Zuckerberg, lead economist, CoBank, and author of the report to get more insight into what he found. [ read more … ]

Climate

Maine farms could be ideal match for solar agrivoltaics, but more funding needed first

By Annie Ropeik, Energy News Network  •    •  Posted October 10, 2022

From spring to fall, Michael Dennett spends his days transporting sheep from his family’s homestead in Jefferson, Maine, to graze at nearby solar farms. The flock that began as a gift for his wife — “really just [an] excuse for myself to get sheep,” he said — now works as a solar lawn service. “If you’re a sheep, one of your biggest concerns … is eating grass in the predawn to, like, seven o’clock in the morning, and then hiding out for the rest of the day in the shade and just ruminating,” Dennett said. “They’ll spend the entire day under those panels, snoozing, walking around and kind of being lazy.”  [ read more … ]

EVs

Tesla Breaks Its China Factory Delivery Record but Trails BYD

By Selina Cheng, Wall Street Journal  •    •  Posted October 10, 2022

Tesla Inc. hit a record of more than 83,000 electric-vehicle deliveries from its recently upgraded Shanghai factory in September, according to data released by the China Passenger Car Association.
The plant delivered 83,135 EVs last month, an 8% increase from August, according to data released by the association on Sunday. The American EV maker still trailed Chinese rival BYD Co., which topped the charts for EV deliveries last month with almost 95,000 units, up 14% from August. BYD’s total sales, including hybrids, were a combined 201,000 units in September. BYD also broke its own records in September, in EVs as well as total sales. [ read more … ]

 

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