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Governors' Biofuels Coalition
NEWS UPDATE February 7, 2014

Ethanol Evangelist Shrugs Off Volatility to Build Powerhouse

By John Lippert and Mario Parker, Bloomberg  •    •  Posted February 7, 2014

Becker, chief executive officer of Green Plains Renewable Energy Inc. (GPRE), says he didn’t want to wait for a bank loan, Bloomberg Markets magazine will report in its March issue. Instead, he ordered deputies to wire a third of the company’s cash — $108 million — and buy two ethanol plants, in Nebraska and Minnesota, from creditors of Denver-based BioFuel Energy Corp. He says he worried that if he didn’t jump, rival Valero Energy Corp. in San Antonio would snatch the properties, robbing him of a chance to expand annual production by almost a third to 1 billion gallons. [ read more … ]

Green Plains CEO: E15 availability to grow

By Russell Hubbard / World-Herald staff writer  •    •  Posted February 7, 2014

Green Plains Renewable Energy, the fourth-largest U.S. ethanol producer, told investors and analysts Thursday that gasolines with higher ethanol content, such as the 15 percent version known as E15, soon will begin to make their way into the nation’s fuel supply on a widespread basis. At current prices for ethanol and gasoline, there is profit to be gained from E15, Chief Executive Todd Becker said on a conference call after the release of fourth-quarter earnings by the Omaha-based operator of 12 ethanol plants in the Midwest and other states. [ read more … ]

Energy legend sees need for ethanol

By Gene Lucht, Iowa Farmer Today  •    •  Posted February 7, 2014

Pickens says he would choose ethanol over Middle Eastern oil. He says the biofuel will be a small but important part of the answer. He invested heavily in wind energy a few years ago, before natural gas supplies shot up. He concedes his large wind energy investment cost him a considerable amount of money, in part because wind energy is only profitable if natural gas prices remain above about $6. [ read more … ]

Sutley chief of staff to take reins at CEQ

Robin Bravender, E&E reporter  •    •  Posted February 7, 2014

Nancy Sutley’s chief of staff, Mike Boots, will take the helm of the Council on Environmental Quality later this month. Boots will fill in as acting chief of the White House environmental office Feb. 18 after the CEQ chairwoman leaves the administration, CEQ spokeswoman Taryn Tuss said today. [ read more … ]

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