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Governors' Biofuels Coalition
NEWS UPDATE December 23, 2014

Exclusive: Arab OPEC sources see oil back above $70 by end-2015

BY RANIA EL GAMAL, Reuters  •    •  Posted December 23, 2014

Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to ‎stabilize in the medium term. The delegates, some of which are from core Gulf OPEC producing countries, said they may not see – and some may not even welcome now – a return to $100 any time soon. Once deemed a “fair” price by many major producers, $100 a barrel crude is encouraging too much new production from high cost producers outside the exporting group, some sources say [ read more … ]

Fuel to the Fire? Fuel Exports Soar Under Obama

By THE ASSOCIATED PRESS  •    •  Posted December 23, 2014

At the same time, policies to address climate change have slackened demand, along with gasoline prices that, until recently, were high. Fuel economy standards put in place by the Obama administration are leveling off gasoline consumption for the first time. A requirement to add corn-based ethanol to gasoline also has cut into oil’s share of the gasoline market. Since October 2007, U.S. automobiles have used 15.1 billion fewer gallons of gasoline and diesel, according to Michael Sivak and Brandon Schoettle of the University of Michigan. But to meet rising demand in Latin America and elsewhere, the U.S. exported nearly seven times that amount, according to U.S. Energy Department data. [ read more … ]

EPA: Nearly 6 million cellulosic RINs generated in November 

By Erin Voegele, Biomass Magazine  •    •  Posted December 23, 2014

The U.S. EPA has released renewable identification number (RIN) data for November, reporting that more than 1.38 billion RINs were generated during the month, including nearly 6 million cellulosic RINs. According to the EPA, 5.99 million D3 cellulosic biofuel RINs were generated during the month, bringing the total for the first 11 months of the year to 24.13 million. This includes 594,316 D3 RINs generated for cellulosic ethanol, 44,168 D3 RINs generated for renewable gasoline, 10.72 million D3 RINs for renewable compressed natural gas, and 12.78 million D3 RINs for renewable liquefied natural gas. All D3 RINs generated during the first 11 months of 2014 were generated by domestic producers. [ read more … ]

Can Brazil Get Its Ethanol Mojo Back?

By Mac Margolis, Bloomberg  •    •  Posted December 23, 2014

For the past six years, however, the world’s signature manufacturers of clean-burning renewable fuels have lived on razor’s edge. Some 60 ethanol plants have shuttered this year alone and “blue slips,” Brazil’s unemployment notices, are multiplying: Nearly half of the more than 36,000 industrial jobs erased last month were in the sugar and alcohol industry, reports Valor Economico.
[ read more … ]

Poet venture working with ethanol in Finland

By Sioux Falls Argus Leader  •    •  Posted December 23, 2014

A joint venture involving Sioux Falls-based Poet is working with a company in Finland. Suomen Bioetanoli Oy received a grant from the government of Finland to help build a plant that will convert wheat straw into about 24 million gallons of ethanol annually. [ read more … ]

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