Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE March 22, 2023

Top Story

Iowa farmers face $1 billion-a-year hit to income without carbon pipelines, report says

By Donnelle Eller, Des Moines Register  •    •  Posted March 22, 2023

Iowa farmers could lose about $1 billion in annual farm income if carbon capture pipelines aren’t built to ensure the state’s largely corn-based ethanol will remain viable as the country seeks to slow down climate change, says the second part of an industry-backed report. Iowa is the nation’s largest producer of both corn and ethanol. A 75% estimated loss in ethanol production if the pipelines aren’t built would force the state’s growers to ship about 44% of their crop outside of the state, primarily to neighboring ethanol-producing states Minnesota, Nebraska and South Dakota, says the report. [ read more … ]

E15

EPA hearing on Midwest E15 proposal fraught with timing concerns

By OPIS  •    •  Posted March 22, 2023

Proponents for the ethanol industry told the Environmental Protection Agency in a Tuesday hearing on a petition by several Midwest governors to offer summertime E15 access in their states that the agency should remedy its foot-dragging on the proposal by implementing it this summer. [ read more … ]

Biofuels, oil groups clash over EPA plan to allow summertime E15 sales

By Stuart Parker, Inside EPA  •    •  Posted March 22, 2023

Biofuels industry and oil sector groups are clashing over EPA’s plan to allow eight Midwestern states to sell 15 percent ethanol fuel (E15) during the summer ozone season, with biofuels advocates criticizing EPA’s implementation delay to 2024 while some in the refining sector are pressing for a further extension to allow for infrastructure changes. [ read more … ]

Carbon Capture

Burleigh County will require permits for CO2 pipelines

By Associated Press  •    •  Posted March 22, 2023

North Dakota’s Burleigh County has approved an ordinance to require special permits for companies that want to build pipelines for hazardous liquids such as carbon dioxide. County commissioners voted 4-0 Monday night with one member absent to approve the proposal. Commissioners, however, acknowledged the ordinance is likely to draw a lawsuit from carbon-capture pipeline developer Summit Carbon Solutions, the Bismarck Tribune reported. [ read more … ]

Carbon-Sucking Tech Could Need More Energy Than All Homes Use

By Will Mathis, Bloomberg  •    •  Posted March 22, 2023

Technology that sucks carbon emissions out of the air would need more energy than used to run the world’s homes if it’s to play a significant role in reaching global climate goals. That’s according to a future energy scenario modeled by oil supermajor Shell Plc that includes direct air capture, which filters the gas out of the air so that it can be stored safely and permanently. It’s one of the two main ways to trap CO2 — along with capturing it before it leaves a smoke stack [ read more … ]

Climate

A ‘Rocking Chair Rebellion’: Seniors Call On Banks to Dump Big Oil

By Cara Buckley, New York Times  •    •  Posted March 22, 2023

They were parents, grandparents, great-aunts and great-uncles, ranging in age from their 50s to their 80s and beyond, and together they braved frigid temperatures to protest all through the night, and to rock. Bundled in long johns, puffer coats, layered knit hats and sleeping bags, and fortified by cookies sent by courier from a sympathetic supporter, dozens of graying protesters sat in rocking chairs outside of four banks in downtown Washington for 24 hours, in a nationwide protest billed as the largest climate action ever undertaken by older folks. [ read more … ]

Congress

Biofuel bill is back

By Politico  •    •  Posted March 22, 2023

Sen. Chuck Grassley (R-Iowa) said a group of lawmakers is planning to reintroduce the bipartisan Next Generation Fuels Act this week after if died in the previous Congress. In addition to Grassley, Sens. Amy Klobuchar (D-Minn.), Joni Ernst (R-Iowa), and Tammy Duckworth (D-Ill.) are also cosponsors of the legislation, one of the many biofuel bills facing an uphill battle in the Senate. [ read more … ]

Markets

U.S. refiners shift focus to distillates amid energy transition

By Laura Sanicola, Reuters  •    •  Posted March 22, 2023

As U.S. refiners rejigger operations to reflect declining domestic motor fuels demand in the next decade, they will seek to maximize diesel and biofuels production for exports, industry analysts say.
A rationalization of global refining capacity along with Russia’s continued war in Ukraine has encouraged U.S. refiners to prioritize distillates as global diesel inventories sagged and demand jumped.
At its peak last year, U.S. refiners were exporting a record 1.57 million barrels per day of distillate fuel, with profit margins topping $70 a barrel, more than double that of gasoline. [ read more … ]

Offshore oil is about to surge

By Benjamin Storrow, E&E News  •    •  Posted March 22, 2023

Spending on new offshore oil projects over the next two years is projected to soar to levels not seen in a decade. In Saudi Arabia, the state-owned oil giant is embarking on a series of massive offshore expansion projects designed to boost the kingdom’s crude production. The United Kingdom and Norway are pumping more money into the North Sea in hopes of lifting out more oil. Exxon Mobil Corp., America’s oil giant, is plowing money into projects in waters off Guyana and Brazil.
[ read more … ]

Trudeau Set to Pick a Lane in Clean-Tech Race Against Biden

By Brian Platt, Bloomberg  •    •  Posted March 22, 2023

Prime Minister Justin Trudeau’s government is about to decide which low-carbon industries should be winners in Canada’s bid to stay competitive with President Joe Biden’s generous new industrial policy in the US. Trudeau’s finance chief, Chrystia Freeland, insists she’ll keep overall spending in check in the March 28 budget. But she’s also raised expectations around the money she’s prepared to pump into green subsidies. [ read more … ]

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