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Governors' Biofuels Coalition
NEWS UPDATE February 2, 2012

Brazil’s tax on imported ethanol sparks investigation cry

  •  Western Farm Press  •  Posted February 2, 2012

The Renewable Fuels Association (RFA) wrote to U.S. Trade Representative Ambassador Ron Kirk urging him to investigate the news that the Brazilian state of Sao Paulo was imposing a 25 percent tax on all imported ethanol. Port Santos in Sao Paulo is the main port of entry for U.S. ethanol exports to Brazil, which accounted for an estimated 400 million gallons in 2011. [ read more … ]

Valero reports record Iowa ethanol results

Dan Piller  •  Des Moines Register  •  Posted February 2, 2012

Valero Energy of San Antonio, which owns ethanol production plants at Fort Dodge, Albert City, Hartley and Charles City, reported record results from its ethanol production in 2011. The company said “Valero’s ethanol segment reported its highest quarter ever with $181 million in operating income, versus $70 million in the fourth quarter of 2010. The increase in ethanol operating income was mainly due to higher gross margins and an increase in production volumes to a record-high quarterly average of 3.5 million gallons per day. The ethanol segment also set an annual record with $396 million in operating income in 2011.” [ read more … ]

Sweeping energy package reaches House floor

Phil Taylor  •  E&E  •  Posted February 2, 2012

House Republicans yesterday advanced a trio of energy bills that would allow a vast expansion of oil and gas development in the Atlantic and Pacific oceans, the Gulf of Mexico and in the oil-rich Arctic National Wildlife Refuge. The bills, which passed the Natural Resources Committee on mostly party-line votes, now move to the House floor where they are expected to join Speaker John Boehner’s (R-Ohio) “American Energy and Infrastructure Jobs Act.”

[ read more … ]

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