A new analysis by the National Biodiesel Board (NBB) and the World Agricultural Economic and Environmental Services (WAEES) found that capping the price of conventional biofuels’ Renewable Identification Numbers (RINs) will significantly harm the production of biodiesel and related industries. Although some believe that limiting the price of RINs for the conventional biofuels market won’t harm biomass-based diesel volumes, the …
Ethanol Industry Workers, Veterans Ask Trump To Support RFS
Plant managers, general managers, and CEOs from 150 biofuel production facilities, including nearly every Renewable Fuels Association (RFA) producer member, sent a letter to President Trump today, urging him to continue to “stand strong in defense of the Renewable Fuel Standard (RFS).” President Trump met last week with ethanol and oil industry stakeholders, including RFA members, to discuss the RFS …
New Study: RIN Price Cap for E15 RVP Waiver “Deal” Would Cut Ethanol Consumption and Trounce Corn Prices
Any action to artificially cap Renewable Identification Number (RIN) prices in exchange for an RVP waiver allowing year-round sale of E15 would be bad deal for rural America and the nation’s consumers, according to a new economic analysis released Tuesday. Such a tradeoff would result in reduced ethanol consumption, a drop in corn prices, and an effective cut of 5% …
EPA Unresponsive to Letter on RIN Prices
The official position of the Environmental Protection Agency is that high-priced Renewable Identification Numbers do no significant harm to refiners. That position was made public most recently in November of last year. Grassley, along with a handful of other Senators, sent a letter to the EPA in January asking about the agency’s previous findings that RIN prices don’t affect the …
Perdue Reaffirms Support for Ethanol, RFS
Ag Secretary Sonny Perdue spoke at the Commodity Classic this week and defended his support for the Renewable Fuels Standard. A DTN report says that Perdue told farmers attending the event that President Trump unequivocally supports the RFS, corn farmers, and ethanol. The biofuel industry and corn farmers are concerned that the secretary doesn’t understand the importance of Renewable Identification …
No Deal After White House Biofuels Meeting
A Reuters article says there was no agreement in a meeting between lawmakers and Cabinet members regarding the Renewable Fuels Standard. President Donald Trump had called for a meeting between the two sides who have been feuding over the current state of the renewable fuels law. The decade-old policy was intended to help farmers and reduce the nation’s petroleum imports. …
Farm Groups Ask President Trump to Support Renewable Fuels Standard
A group of six leaders from farm and commodity organizations, including American Farm Bureau Federation President Zippy Duvall, signed a letter to President Donald Trump regarding their support for the Renewable Fuels Standard. The letter is below for your reading. February 26, 2018 The President The White House 1600 Pennsylvania Avenue, N.W. Washington, DC 20500 Dear Mr. President: While millions of …
Trump to Meet with Cabinet, Senators of Biofuels
President Trump has scheduled a meeting with Cabinet officials and key Senators to talk over potential changes to the nation’s biofuels policy. The Renewable Fuels Standard is coming under increasing attack after a bankrupt Pennsylvania refinery blamed its troubles on the regulation. The meeting comes as two of the more powerful lobbying groups, the oil and corn/ethanol industries, continue to …
NCGA Responds to Cruz Speech on RFS
The following is a statement from North Dakota farmer Kevin Skunes, president of the National Corn Growers Association (NCGA), in response to Senator Cruz’s remarks during the Philadelphia refinery (PES) town hall. “While most refiners are reporting double digit profit increases, Philadelphia Energy Solutions has filed for bankruptcy protection because its investors put their interests ahead of their workers’ interests. …
Growth Energy: More Biofuels Vital to Improving U.S. Energy Outlook
Federal forecasts in the U.S. Energy Information Administration’s (EIA) newly released Annual Energy Outlook 2018 (AEO2018) demonstrate a clear and growing need for U.S. biofuels says Chris Bliley, vice president of regulatory affairs at Growth Energy. The EIA “reference” case, which contains projections through 2050 based on current trends and regulations, predicts an 18 percent increase in miles traveled by …