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Governors' Biofuels Coalition
NEWS UPDATE January 5, 2015

Falling Crude Prices Force Ethanol Makers to Take It on the Chin

By  JACOB BUNGE and  JESSE NEWMAN, Wall Street Journal  •    •  Posted January 5, 2015

Ethanol makers are bracing for a drop in earnings as cheap crude pushes down the prices they fetch from refiners to blend the corn-based fuel additive into gasoline. Ethanol producers also face a recent jump in the price of corn, their main raw material. Falling profit margins for the $40 billion U.S. ethanol industry may cause some companies to scale back production in 2015, analysts and industry executives say. Still, many observers think ethanol demand may remain steady or even rise if cheap gasoline spurs U.S. motorists to drive more, tempering the hit to ethanol earnings. [ read more … ]

Energy’s 2014 winners and losers

By Timothy Cama, The Hill.com  •    •  Posted January 5, 2015

Here’s a look at 2014’s winners and losers in the energy sector. These factors and others are shaking up the landscape for energy and the environment this year. Here are some of the big winners and losers this year from those and other major themes. [ read more … ]

Iowa produces record amount of ethanol in 2014

Christopher Doering, Des Moines Register  •    •  Posted January 5, 2015

For the first time, a small amount of the ethanol production came from cellulosic feedstocks such as corn stover and corn kernel fiber. Despite falling short of cellulosicproduction goals in recent years, producers of the nascent fuel are starting to show signs of delivering. In 2014, Poet-DSM opened its $275 million facility in Emmetsburg. DuPont plans to open its $225 million cellulosic ethanol plant in Nevada next year. [ read more … ]

Program That Backed Solyndra Now Showing Successes

By THE ASSOCIATED PRESS  •    •  Posted January 5, 2015

And then there is the Abengoa biorefinery in Hugoton, where Energy Secretary Ernest Moniz came in October for the opening. He was joined by two Kansas officials who voted against the stimulus package: Republicans Sen. Pat Roberts and Gov. Sam Brownback, a former senator. “This program, let me say, not only here in Hugoton, but across the board has been a tremendous success,” Moniz said. “I mentioned $30 billion in loans with a 2 percent default rate — that is a pretty enviable in any portfolio.” [ read more … ]

Pacific Ethanol ends year by more than doubling capacity with Midwest deal

Mark Anderson, Staff Writer- Sacramento Business Journal  •    •  Posted January 5, 2015

With the acquisition of another ethanol producer, Sacramento-based Pacific Ethanol will become the fifth largest producer of the alternative fuel at 515 million gallons. This is the Pacific Ethanol plant in Stockton. Sacramento-based Pacific Ethanol is acquiring Aventine Renewable Energy Holdings, an ethanol producer in the Midwest, which will more than double the company’s production. [ read more … ]

Novozymes sticks to biofuel growth plan despite oil price rout

By Reuters  •    •  Posted January 5, 2015

Denmark’s Novozymes , the world’s largest enzymes producer, will stick to its plans to develop transportation fuel made from agricultural waste, despite an oil price rout that has left oil-based products cheaper for consumers. Some analysts have expressed concern that a lower crude oilprice might dampen investor interest in alternatives, but Novozymes said on Thursday that it aims to provide enzymes to 15 advanced bioethanol plants by 2017, up from five, generating 1 billion Danish crowns ($165.7 million) in revenue. [ read more … ]

Comment: To fight ISIS, Americans can use less oil

By David May, Des Moines Register  •    •  Posted January 3, 2015

The RFS has been one of the most successful energy policies in recent history. We now get nearly 10 percent of our fuel supplies from homegrown alternative fuels, and it’s not just ethanol. Biodiesel, an EPA-designated advanced biofuel made in communities across the country from recycled cooking oil, plant oils, and animal fats, has ramped up production and last year displaced nearly 1.8 billion gallons of imported petroleum diesel, or nearly 5 percent of the on-road U.S. diesel market. [ read more … ]

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