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Governors' Biofuels Coalition
NEWS UPDATE February 17, 2014

Illinois Governor Pat Quinn Leads Fight Against Reduction in the Use of Renewable Fuels

Governor’s Press Office  •    •  Posted February 17, 2014

Governor Pat Quinn today announced that he is urging the U.S. Environmental Protection Agency to reconsider a decision that would cause decreased production of renewable fuels such as ethanol and biodiesel. The U.S. EPA wants to reduce the volume of renewable fuels that must be used in the nation’s retail fuel supply. This decision could impact Illinois farmers who grow renewable fuel crops like corn and soybeans, and it could also affect the air we breathe since renewable fuels create less air pollution. Today’s announcement is part of Governor Quinn’s agenda to ensure a clean and healthy environment for future generations. [ read more … ]

Support for the RFS- Personal, Powerful

by Joanna Schroeder, Domestic Fuel  •    •  Posted February 17, 2014

With the time period over for comments regarding the Environmental Protection Agency’s (EPA) 2014 Renewable Fuel Standard proposal, many people are asking: What’s next? The EPA is now tasked with reviewing all the comments and this will prove to be quite an undertaking as more than 40,000 comments were submitted. It is anticipated that it will take several months before the EPA publishes their final proposal. [ read more … ]

Big Companies Are Buying Into Biofuels

By Shamus Funk, Motley Fool  •    •  Posted February 17, 2014

The collaborative effort, which may result in ExxonMobil investing more than the massive $600 million originally expected for the development of algae-based fuels, is just one example of why the next great advances in biofuels may not originate from the younger start-up companies in the industry. The ability to wager and lose $100 million on higher-risk ventures like algae-based fuels would spell the end for a newer company, but can be easily written off by the world’s largest oil company. [ read more … ]

Bipartisan senators offer bill to extend lapsed biodiesel tax incentive

Amanda Peterka, E&E reporter  •    •  Posted February 17, 2014

A bipartisan pair of senators this week introduced legislation to extend the $1-a-gallon biodiesel tax credit. The credit expired at the end of last year along with a host of renewable energy incentives. It brought in about $1.8 billion in extra revenue for the biodiesel industry, which produces fuel out of soybean oil, animal fats and used cooking grease. The bill, introduced Wednesday by Sen. Maria Cantwell (D-Wash.), whose state has several biodiesel companies, would extend the credit by three years. It would also apply to renewable diesel and renewable aviation fuel. [ read more … ]

Biodiesel giant enters petroleum business

Amanda Peterka, E&E reporte  •    •  Posted February 17, 2014

Renewable Energy Group Inc., the country’s largest biodiesel company, is expanding into the petroleum business. The Ames, Iowa-based company announced Wednesday that it is launching a division that will sell petroleum-based heating oil and diesel. REG officials said the new subsidiary will allow it to offer more blends of petroleum-based fuel and biodiesel, a renewable fuel made from soybean oil, animal fats and used cooking grease. [ read more … ]

Comment: American ingenuity will help meet climate goals

By Adam Monroe, The Hill. com  •    •  Posted February 17, 2014

In our view, the fuels of the future are biofuels and they are already here. There’s only one problem: The very institution that set the wheels in motion to create the biofuels industry is now stepping on the breaks. Here’s what happened – and why it matters to you. In 2007, a bipartisan Congress and Republican President passed and signed the Renewable Fuel Standard (RFS). Their vision was to develop a domestic fuel source that would reduce our reliance on foreign oil, create jobs in America and reduce fossil fuels’ harm on our health and environment. The RFS called for increasing amounts of renewable fuel to be blended into the country’s fuel supply up to 36 billion gallons per year by 2022. President Bush said, “Let us build on the work we’ve done and reduce gasoline usage in the United States by 20 percent in the next 10 years.” With that challenge, America went to work. [ read more … ]

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