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Governors' Biofuels Coalition
NEWS UPDATE December 20, 2012

Corn drops after government reports higher fuel ethanol inventories; other commodities mixed

By Associated Press, Updated: Wednesday, December 19, 3:01 PM  •    •  Posted December 20, 2012

An increase in ethanol inventories has sent the price of corn to its lowest level since July. Corn for March delivery fell 17 cents to finish at $7.03 a bushel Wednesday. That’s the lowest since July 6, just about the time that last summer’s record-setting drought began pushing corn prices to all-time highs. The Energy Department reported that fuel ethanol supplies rose 4 percent to 20.8 million barrels last week. That’s up 18 percent more than a year ago. [ read more … ]

AEC releases report on cellulosic biofuels projects

By Holly Jessen. Ethanol Producer Magazine  •    •  Posted December 20, 2012

The Advanced Ethanol Council on Dec. 19 released a nearly 20-page report profiling U.S. and Canadian cellulosic biofuels facilities and development projects. In addition, it contains information about efforts in China, Denmark, Germany, Italy and Spain where the technology developed will be deployed in the U.S. “The renewable fuel standard was amended to include cellulosic biofuels just 5 years ago,” the report said. “Despite the global recession, the cellulosic biofuels industry now has facilities and projects under development in more than 20 U.S. states representing billions of dollars of private investment. Enzyme costs are down 80 percent in the last decade, and cellulosic biofuels are being produced for $2 per gallon or less today.” [ read more … ]

Tiny air pollutants kill thousands, cost billions in China

  •  Reuters  •  Posted December 20, 2012

Microscopic pollutant particles in the air have killed some 8,600 people prematurely this year and cost $1 billion in economic losses in four Chinese cities, according to a study by Beijing University and Greenpeace. The study of pollutant levels of PM2.5, or particles smaller than 2.5 micrometers in diameter, in Beijing, Shanghai, Guangzhou and Xi’an called for PM2.5 levels to be cut to World Health Organisation guidelines, which would reduce deaths by over 80 percent, the China Daily newspaper said on Wednesday. [ read more … ]

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