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Governors' Biofuels Coalition
NEWS UPDATE November 7, 2013

Branstad defends ethanol mandate

Written by CHRISTOPHER DOERING, Gannett Washington Bureau, Des Moines Iowa  •    •  Posted November 7, 2013

Gov. Terry Branstad made an aggressive push last week to defend the nation’s ethanol policy during three calls with members of the Obama administration as the White House considers making changes to the controversial mandate for 2014.
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EPA proposal would hand farmers’ cash to oil companies — ethanol group

Amanda Peterka, E&E reporter  •    •  Posted November 7, 2013

xU.S. EPA would transfer wealth from farmers to oil companies if it reduces 2014 renewable fuel targets, an ethanol group said today. The Renewable Fuels Association said refiners would reap up to a $15.2 billion windfall if EPA lowers RFS targets, while farmers would be paid less for corn and spend more on fertilizers. [ read more … ]

Insight: Lord of the RINs? Vitol’s ethanol credit bonanza

By Cezary Podkul, Reuters  •    •  Posted November 7, 2013

Swiss trading company Vitol SA is among the biggest beneficiaries of an opaque U.S.-government-mandated trading scheme established to help boost the share of ethanol in the nation’s fuel supply, market sources say.
[ read more … ]

Surging ethanol credits bring little joy to Wall Street

  •    •  Posted November 7, 2013

As the tiny niche market for ethanol credits turned into this year’s hottest commodity, the spike in prices didn’t do much for the so-called Wall Street refiners. The biggest commodity traders in the financial world have either steered clear of the opaque market for the credits or ended up on the wrong side of a rally that saw prices surge as much as 2,900 percent in recent months, according to other market participants and bank officials. [ read more … ]

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