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Governors' Biofuels Coalition
NEWS UPDATE August 18, 2014

Grand opening set for first large cellulosic plant

By DAVID PITT, Associated Press  •    •  Posted August 18, 2014

The industry has promised in recent years that commercial production was near and the government continued to include cellulosic ethanol in its required renewable fuels standard each year, only to find the industry wasn’t ready to make it in large quantities. Naysayers cast doubt on whether cellulosic ethanol was even possible. “People said this would never happen, that it’s not real so certainly to the outside world, to the government and lots of others it’s proving that it’s real,” said Steve Hartig, general manager for licensing at Poet-DSM Advanced Biofuels, which is building the plant. “It’s a huge step but still a very early step.” [ read more … ]

Iowa plants among first to produce ethanol from plant material

Associated Press   •    •  Posted August 18, 2014

A new era of ethanol fuel production will begin soon as Iowa refineries begin full operation using materials other than corn kernels. Iowa has two major cellulosic plants under construction that will use corn plant leaves, stalks and cobs to make ethanol. The first to go online is Project Liberty, a plant in Emmetsburg built by Sioux Falls, South Dakota-based ethanol-maker POET and Royal DSM, a biotechnology company based in the Netherlands. The $250 million plant, set for a grand opening Sept. 3, will produce up to 25 million gallons annually. [ read more … ]

The RFS and the Advanced Fuels Pathways Backlog

By Jessie Stolark. EESI  •    •  Posted August 18, 2014

A long-awaited decision from the Obama administration regarding the 2014 Renewable Fuel Standard (RFS) fuel volumes is expected in September. In the interim, speculation continues about the final volume levels and if the announcement will be further delayed. Just this Tuesday, Senator Chuck Grassley (R-IA) mused to reporters that silence from the administration leads him to believe that the 2014 volumes will not be announced until after the mid-term elections. [ read more … ]

Recent ethanol production volumes among highest recorded levels

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted August 18, 2014

The U.S. Energy Information Administration has released the August issue of its Short-Term Energy Outlook, reporting that ethanol production has averaged approximately 940,000 barrels per day over the past three months. That level is amongst the highest monthly levels ever recorded. The highest weekly level ever recorded was 972,000 barrels per day during the week ending June 13. Ethanol production averaged approximately 907,000 barrels per day in March. [ read more … ]

Ethanol Profits are Inverse to Corn Profits – For Now

Big Picture Agriculture  •    •  Posted August 18, 2014

Ethanol profitability goes up when corn prices go down, and so can serve as a good hedge for corn farmers, provided the ethanol price is strong.
[ read more … ]

The First War to Run on Oil

By DANIEL YERGIN, Wall Street Journal  •    •  Posted August 18, 2014

Within a few short, brutal years, a war that had begun with expectations of cavalry charges ended with worries about oil supplies. Such was the transformation that, just days after the Armistice, Lord Curzon, who was about to become Britain’s foreign secretary, declared, “The Allied cause had floated to victory upon a wave of oil.” Oil had become the strategic commodity, essential for the exercise of power. It remains that today—as well as a “wellspring of our discontents.” [ read more … ]

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