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Governors' Biofuels Coalition
NEWS UPDATE September 18, 2013

Lawmaker’s bid for RFS compromise starts with plea for ending ‘RINsanity’

Amanda Peterka, E&E reporter  •    •  Posted September 18, 2013

A cohesive plan of action has so far eluded members of a House task force chosen to examine reform of the federal biofuel mandate, but the group’s leader thinks there may be room for compromise in the shadowy world of ethanol credit trading. Rep. John Shimkus (R-Ill.) said yesterday that he believes boosting the openness of the credit trading market, where deals are made between refiners without any transparency, could possibly help pave the way for an agreement on the renewable fuel standard. [ read more … ]

Targeting Ethanol Mandates Seen Hurting Cellulosic Growth

By Alan Bjerga & Mario Parker, Bloomberg  •    •  Posted September 18, 2013

Efforts to roll back rules that nurtured the corn-based ethanol industry threaten to stunt other promising biofuels, according to a developer working on one of the nation’s first commercial plants that won’t use the grain. Lower quotas for renewable fuel use are being considered as part of a plan to raise the federal borrowing limit by U.S. House of Representatives Majority Leader Eric Cantor, a Virginia Republican. The move would threaten investments in a few next-generation plants, said Stephan Tanda, a managing board member at Royal DSM NV (DSM), a Heerlen, Netherlands-based manufacturer. “The sprout’s coming out of the ground,” Tanda, whose company has joined Poet LLC, the world’s biggest ethanol maker, to build a next-generation plant in Iowa, said in a Sept. 5 interview. “You can’t step on it with your boots,” he said. In 2014, the $250 million factory in Emmetsburg will start making ethanol from such waste as corn cobs, leaves and husks. [ read more … ]

Brazil’s president, angry about spying, cancels state visit to U.S.

By Kathleen Hennessey and Vincent Bevins, Los Angeles Times  •    •  Posted September 18, 2013

In the latest fallout from the Edward Snowden affair, the president of Brazil canceled a state visit to Washington out of anger that the National Security Agency had spied on her and other Brazilian officials, deepening a rift with the Obama administration. Brazilian President Dilma Rousseff on Tuesday called off the high-profile visit that both governments had planned for Oct. 23. A White House spokesman sought to downplay the diplomatic snub by a key ally and trading partner, and described the decision to indefinitely postpone the visit as mutual. [ read more … ]

Wall Street role in ethanol credits questioned

Written by CHRISTOPHER DOERING, Des Moines Register, Gannett Washington Bureau  •    •  Posted September 18, 2013

Special credits associated with ethanol may have attracted the interest of major Wall Street firms that are responsible for driving prices higher, an allegation Iowa lawmakers said Monday may need to be investigated. Congress created Renewable Identification Numbers (RINs), special serial numbers given to batches of biofuels before they are sold to refiners and gasoline importers looking to comply with a federal mandate to use a certain amount of ethanol. In exchange for not blending ethanol, the refiner can choose to purchase RINs. [ read more … ]

Army moves forward with $7B renewables plan

Annie Snider, E&E reporter  •    •  Posted September 18, 2013

The Army expects to begin putting large-scale renewable energy projects out to bid within the next six months as it aims to get a quarter of its energy from alternative sources by 2025, a top official said yesterday. Earlier this month the Army prequalified 17 wind energy companies to vie for renewable power contracts that could be worth a total of $7 billion. The service has also prequalified 22 solar technology contractors and five geothermal firms. It is expected to make the final set of prequalifications — for biomass — soon. [ read more … ]

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