by Anthony Adragna (Politico's Morning Energy) Sen. Ted Cruz, having seemingly failed to secure a meeting with Midwestern senators brokered by the White House, has turned to newly fledged Iowa Gov. Kim Reynolds to try and bring corn-staters to the table.
RINs price
Back TO HOMEDelaware, Regional Leaders Take on Trump's EPA
by Scott Goss (The News Journal/DelawareOnline) Delaware City Refinery rally to call on President Trump to fix the Renewable Fuel Standard (RFS) and protect well-paying jobs for East Coast refiners and manufacturing workers. Area oil refineries, union leaders, a Republican lobbying firm
November 14, 2017 Read Full Article
US Spread between E85 Ethanol, Gasoline Reaches All-Time High
by Jim Lane (Biofuels Digest) In Washington, according to crowd-sourced data from the Renewable Fuels Association’s E85prices.com, the national price spread between regular unleaded and E85 has never been greater in the 17 years of tracking on the website. That price
November 13, 2017 Read Full Article
U.S. Subpoenas Icahn Over Biofuel Action While Trump Adviser
by Miles Weiss, Jennifer A Dlouhy, and Mario Parker (Bloomberg) U.S. Attorney for Southern District of N.Y. seeks information; Icahn Enterprises discloses request in securities filing -- Federal investigators have issued subpoenas for information on Carl Icahn’s efforts to change biofuel policy while
November 09, 2017 Read Full Article
Carper Leads Letter Requesting FTC Investigate and End RIN Market Manipulation
(Office of Senator Tom Carper) Bipartisan, bicameral lawmakers assert market volatility hurts East Coast refineries like PBF in Delaware City -- Today, U.S. Senator Tom Carper, top Democrat on the Environment and Public Works Committee, along with a bipartisan, bicameral group of
November 08, 2017 Read Full Article
RFA Statement on Pennsylvania Governor RFS Waiver Request
by Emily Druckman (Renewable Fuels Association) In a letter to EPA Administrator Scott Pruitt on Thursday, Pennsylvania Gov. Tom Wolf (D) asked the agency to waive Renewable Fuel Standard (RFS) Renewable Volume Obligations (RVOs) for the Northeast region to no more
November 06, 2017 Read Full Article
Ethanol Producers Going “RINless”
by Cindy Zimmerman (Energy.AgWired.com) Renewable Identification Number credits (RINs) have been trading higher this week and some ethanol producers and marketers are taking advantage of the higher values to offer denatured ethanol as low as 30 cents per gallon and E85
October 27, 2017 Read Full Article
Letter from Washington: The Grand Alliance Flashes V for Victory in Renewable Fuels Fight
by Jim Lane (Biofuels Digest) It’s been a very busy week in Washington DC, the high point being a letter to seven senators sent late Thursday by EPA Administrator Scott Pruitt, who took significant (and as of a few days ago,
October 25, 2017 Read Full Article
Pruitt's Charm Offensive Has Few Actual Promises
by Anthony Adragna (Politico's Morning Energy) Seven corn-state Republican senators emerged smiling from what they deemed a "good" meeting with EPA Administrator Scott Pruitt on Tuesday but they got no concrete policy promises on the Renewable Fuel Standard from him, Pro's
October 18, 2017 Read Full Article
New Statistical Analysis: No Relationship Between RIN Credits and Retail Gasoline Prices
by Emily Druckman (Renewable Fuels Association) Despite continued claims by opponents of the Renewable Fuel Standard (RFS), prices of the Renewable Identification Number (RINs) credits used for RFS compliance have not caused changes in retail gasoline prices, according to a new analysis by Informa
October 16, 2017 Read Full Article
Refiners Make America-First Pitch to Cut Biofuels
(Argus Media) US independent refiners seized on protectionist themes and two key biofuel industry victories this year to argue regulators must reduce federally mandated blending of renewable fuels. Refiners framed a US-first pitch to slash more than 1bn USG — almost 7pc
October 04, 2017 Read Full Article
Icahn's Oil Refiner CVR Starts Unwinding Biofuels Bet
by Jarrett Renshaw and Chris Prentice (Reuters) Carl Icahn’s refining company CVR Energy (CVI.N) has begun buying biofuel credits for the first time in months, a sign the firm is starting to unwind a massive short position in the niche
September 20, 2017 Read Full Article
EPA: Thumbs-up to 'Energy Beet' Idea
by Mikkel Pates (Agweek) The Environmental Protection Agency predicted it might take six months to do an initial evaluation of "energy beets" for their environmental footprint as a feedstock for biofuels. Six years — not months — later the agency has
September 12, 2017 Read Full Article
Argentine Biodiesel Industry Says U.S. Duties Will Halt Exports
by Michael Hirtzer (Reuters) Argentine biodiesel exports will be priced out of the U.S. market, its leading industry body said, after Washington decided on Tuesday to impose steep duties on imports that it said were unfairly subsidized. The countervailing duties on
August 23, 2017 Read Full Article
EPA Will Reject Change that Trump Backer Icahn Sought
by Eric Wolff (Politico) The Trump administration plans to reject a proposal that would let oil refiners off the hook for complying with the federal ethanol mandate, a senior administration official told POLITICO, dashing the hopes of billionaire Carl Icahn
August 03, 2017 Read Full Article
RFA Chief Says He's Still Concerned RINs Market Is Being Manipulated
by Jeff Barber (Oil Price Information Service) The head of the Renewable Fuels Association (RFA) says the ethanol industry group remains concerned that "market manipulation" is a "significant factor" driving the price of Renewable Identification Numbers (RINs) and cited an
August 03, 2017 Read Full Article
Top 10 Storylines: Heard on the Floor at the 2017 BIO World Congress
by Jim Lane (Biofuels Digest) Industrial biotech’s biggest and grandest show, the World Congress on Industrial Biotechnology, opened today in Montreal and BIO itself was in the newsframe with a striking report debunking myths around RIN price surges. 10 Hot Newstories
July 25, 2017 Read Full Article
EPA Targets Biofuel Imports and Biodiesel, HUH?
by Anthony Adragna (Politico's Morning Energy) EPA wants to cut imports of biofuels, but the biodiesel and advanced biofuels industries are mystified as to why it's getting into that arena, Pro's Eric Wolff reports . EPA cut back advanced biofuels,
July 07, 2017 Read Full Article
EPA Announces Proposed Volume Standards for 2018, and the Biomass-Based Diesel Volume for 2019
(Environmental Protection Agency) On July 5, 2017 EPA issued proposed volume requirements under the Renewable Fuel Standard program for cellulosic biofuel, advanced biofuel, and total renewable fuel for calendar year 2018. EPA also proposed biomass-based diesel volume standards for calendar year 2019. The proposed volume requirements
July 05, 2017 Read Full Article
Don’t Spill That Ethanol! Those Cellulosic Fuels Are Worth $4.33 a Gallon.
by Jim Lane (Biofuels Digest) The value of cellulosic fuels has reached $4.33 per gallon in the California market. That’s real-world, today, including the energy and the low-carbon attributes, and not based on speculation. The value has risen 59 cents,
June 14, 2017 Read Full Article
CFTC Says It Is Not Probing Icahn's Activity in Biofuels Credits
by Timothy Gardner (Reuters) The U.S. Commodity Futures Trading Commission informed eight Democratic U.S. senators last month that it is not investigating biofuels credits after the lawmakers had urged it to probe billionaire Carl Icahn's activity in that market, according
June 06, 2017 Read Full Article
Billionaire Carl Icahn Reaps $60 Million as Trump Adviser
by Mario Parker (Bloomberg/Southwest Farm Press) Government work has paid off handsomely for billionaire Carl Icahn. CVR Energy Inc., his oil refining company, saved about $60 million in the first quarter because of expectations that the federal government will ease
May 25, 2017 Read Full Article
Ethanol and Biodiesel: Dropping Below the Production Cost of Fossil Fuels?
by Jim Lane (Biofuels Digest) ... As you can see from the hard data, the production cost for ethanol today is $1.22 per gallon, which translates to $51.24 per barrel. Now, on an energy basis — given that ethanol has 67%
May 19, 2017 Read Full Article
Senators Call on SEC, EPA, CFTC to Investigate Trump Advisor Carl Icahn for Possible Insider Trading, Market Manipulation in Renewable Fuel Credit Market
(Office of Senator Elizabeth Warren) U.S. Senators Elizabeth Warren (D-Mass.), Debbie Stabenow (D-Mich.), Tom Carper (D-Del.), Sherrod Brown (D-Ohio), Sheldon Whitehouse (D-R.I.), Tammy Baldwin (D-Wis.), Tammy Duckworth (D-Ill.), and Amy Klobuchar (D-Minn.), called on the heads of the Commodities Futures
May 18, 2017 Read Full Article
Icahn’s Pig in a Poke
by Brent Erickson (Biotechnology Innovation Organization/Biofuels Digest) Members of the U.S. Senate are questioning whether Carl Icahn’s lobbying to change the Renewable Fuel Standard creates an ethics conflict with his role as advisor in the Trump administration. In addition to
May 11, 2017 Read Full Article
Business and Consumers Will Both Lose if Renewable Fuel Standard Is Changed
by Max McBrayer (The Hill/RaceTrac Petroleum) ... My perspective comes from over 30 years in the fuels business. Currently, I am chief supply officer of RaceTrac Petroleum, a fuel retailer and operator of more than 700 convenience stores from Texas
May 08, 2017 Read Full Article
Icahn's Oil Refiner Reports Plunge in Biofuels Bill in First Quarter
by Jarrett Renshaw and Chris Prentice (Reuters) Biofuels compliance expenses for CVR Energy's refining unit fell to the lowest level in almost five years during the first quarter, the company said on Thursday, as the U.S. government weighs an overhaul
April 28, 2017 Read Full Article
Capitol Crude: The US Oil Policy Podcast--Oil Refiners and Renewable Fuels in the Trump Era
by Brian Scheid and Meghan Gordon (Platts) Have refiners' hopes for a quick rollback of the US biofuel mandate by the Trump administration fizzled out? The industry judged two early appointments as signs of the president's willingness to reform the Renewable
April 24, 2017 Read Full Article
Feature: Ethanol RINs Rebound as Prospects Fade of Quick RFS Reform
by Meghan Gordon and Wes Swift (Platts) RINs bottom out March 2 after four-month slide; EPA may hold 2018 mandate steady, start easing in 2019; Point of obligation debate fades into background -- Refiners' and petroleum marketers' hopes for a quick rollback of
April 06, 2017 Read Full Article
As OPEC Falls, What Is the Liberated Market Signaling to Producers?
by Jim Lane (Biofuels Digest) ... There’s a theory going around that biofuels are “government fuels” — and prices are set around a table in Washington, DC. But if you visit the big biodiesel and ethanol firms, you’ll see right
March 22, 2017 Read Full Article
Icahn Bets against Renewables Market He Wants Trump to Overhaul
by Zachary Mider and Jennifer A Dlouhy (Bloomberg) Special adviser to president urges change in EPA rule; ‘It’s bothersome that one guy can control RIN markets’ -- Carl Icahn, the billionaire investor and adviser to President Donald Trump, said he’s betting
March 20, 2017 Read Full Article
RINs Not Driving Any Profits: Motiva
(Argus Media) No one profits from credits used to track compliance with US biofuel mandates, Motiva chief executive Dan Romasko said today, wading into a controversy that has split the industry. Refinery margins rise and fall to offset the cost of
March 08, 2017 Read Full Article
RNG, Cellulosic Fuels and the Renewable Fuel Standard
by Susan Olson (BioCycle Magazine) Because of an all-time high waiver credit value paired with strong advanced RIN prices, renewable natural gas could fetch $35/MMBtu in 2017. Since 2009, the U.S. Environmental Protection Agency has mandated the blending of renewable fuels
March 07, 2017 Read Full Article
IRFA: ‘Merchant Refiners Not Paying for RINs’
(Iowa Renewable Fuels Association/Ethanol Producer Magazine) ... The main argument of the petitioners is that they are paying for millions of dollars of RINs to meet their RFS obligations, and that this is somehow unfair and inequitable. Yet, a review
February 27, 2017 Read Full Article
It’s Buffett vs. Icahn as Lobbying Heats Up Over U.S. Ethanol
by Mario Parker (Bloomberg) Association of American Railroads argues against Icahn efforts; Renewable fuel paper credits trading at one-week high -- U.S. railroads, including Warren Buffett’s BNSF, are joining a corporate brawl over ethanol mandates that pits American corn farmers and fuel
February 08, 2017 Read Full Article
Fracking Biomass: Steeper Energy and the Pursuit of Renewable Hydrocarbons
by Jim Lane (Biofuels Digest) ... And it (the history of fracking) reminds us that one of the great tipping points for world civilization is when technology liberates a value great enough that the fear of the risk fades for
February 03, 2017 Read Full Article
RINs Plunge to 14-Month Low Following EPA Regulation Freeze
(Platts) Renewable Identification Numbers traded at 14-month lows Wednesday following news that the Environmental Protection Agency will delay implementation of 30 regulations until March 21, despite industry groups saying 2017 blending mandates are unlikely to change. "When a market is heavily
January 27, 2017 Read Full Article
Trump Swamp Work Can Start with RFS Repeal
by David Williams (Houston County News/Lacrosse Tribune) ... Billionaire investor and Trump confidant Carl Icahn is requesting changes to the Renewable Fuel Standard, the federal law requiring gasoline manufacturers to incorporate renewable fuels into their blends. Coincidently, Icahn would reap
January 27, 2017 Read Full Article
Want to Drain the Swamp? Start with the Renewable Fuel Standard
by David Williams (The Gilmer Mirror) Incoming President Donald Trump's promise to "drain the swamp" is getting an early test from one of his closest friends. Billionaire investor and Trump confidant Carl Icahn is requesting changes to the Renewable Fuel Standard,
January 13, 2017 Read Full Article
Biofuel Producers Back Renewable Credit Trading Transparency
by Brian Dabbs (Bloomberg) Recent criticism of secrecy and alleged manipulation in biofuel credit trading, delivered by a top adviser to President-elect Donald Trump, is striking a chord among ethanol and other renewable fuel producers. Those producers suggest insufficient credit trading oversight
January 04, 2017 Read Full Article
Icahn Sees Doubts About Ethanol Mandate Among Trump’s Advisers
by Mario Parker (Bloomberg) Icahn picked as special adviser to Trump on regulations; RINs market is a ‘black cesspool of trading,’ Icahn says -- Billionaire Carl Icahn, a special adviser to Donald Trump and a skeptic of the U.S. ethanol mandate,
December 28, 2016 Read Full Article
A Few Reasonable RIN Ideas
by John Campbell (Ocean Park Advisors) The RINs market would be improved with timely blend targets and compliance reporting, increased transparency and trading limits. -- ... Although it might reduce undesirable trading practices, moving the point of obligation would not
December 22, 2016 Read Full Article
Icahn Cheers Trump EPA Pick Amid Calls for Fuel-Rule Revamp
by Mario Parker (Bloomberg) Icahn refiner wants $15 billion renewable-fuels market changed; Cost of credits surged as U.S. mandates on biofuels at record -- Six weeks before he becomes U.S. president, Donald Trump is already disrupting an obscure, $15 billion corner of
December 13, 2016 Read Full Article
Trump Administration Could Be a Bend in the Road for Biofuels Blending
by Meghan Gordon and Brian Scheid (Platts) Total renewable fuel is slated to be more than 10% of the US fuel supply in 2017, breaking through the so-called blendwall. But how will a new presidential administration affect targets for the Renewable
December 05, 2016 Read Full Article
Big Oil Companies Reap Windfall From Ethanol Rules
by Bradley Olson (Wall Street Journal) Some refiners stand to rake in $1 billion by selling fuel credits, while others must spend millions to comply -- Environmental regulations designed to boost the amount of ethanol blended into the U.S. gasoline supply
November 07, 2016 Read Full Article
What's Up with RINs Prices?
by Scott Irwin (Farm Doc Daily/University of Illinois at Urbana-Champaign) RINs prices have been making headlines in recent months, with prices at times crossing the psychologically important $1 per gallon mark. Echoing earlier complaints (farmdoc daily, July 19, 2013; December
October 07, 2016 Read Full Article
U.S. Files Complaint, Announces Settlement to Address Alleged Renewable Fuel Standard Violations by NGL Crude Logistics and Western Dubuque Biodiesel
(Environmental Protection Agency) The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice today announced the filing of a complaint against NGL Crude Logistics, LLC and Western Dubuque Biodiesel, LLC and a settlement with Western Dubuque to address
October 05, 2016 Read Full Article
“The Myth of High RIN Prices As Proof of the Blend Wall”: New Report
by Jim Lane (Biofuels Digest) In Washington, the Biotechnology Innovation Organization released the new white paper, “The Myth of High RIN Prices As Proof of the Blend Wall,” analyzing data recently released by EPA on compliance with the Renewable Fuel
October 04, 2016 Read Full Article
It’s Time to End the Myth That High RIN Prices Prove Existence of the Blend Wall
by Brent Erickson (Biotechnology Innovation Organization/Biofuels Digest) ... Data recently released by EPA refutes the widely held assumption that reaching and exceeding the blend wall caused the 2013 rise in RIN prices. This newly available data calls for a thorough
October 04, 2016 Read Full Article
Will Changing the Point of Obligation Improve the RFS?
by John Campbell (Biodiesel Magazine/Ocean Park Advisors) The U.S. EPA has set off a debate within the petroleum industry by suggesting that the point of obligation for compliance with the renewable fuel standard (RFS) be moved from the hands of a
September 29, 2016 Read Full Article
Trump Biofuel Proposals Echo Those of Backer Icahn
by Chris Prentice (Reuters) Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest
September 17, 2016 Read Full Article
It's Time To Rethink The Value Of PhD: Distrusting the "Other" Doctors Advice on Engine Fuels
by Marc J. Rauch (The Auto Channel) ... Tobacco advertising that promoted doctor-endorsements appeared in all consumer media as well as leading medical publications like "The New England Journal of Medicine" and "The Journal of the American Medical Association." According to Robert K.
September 12, 2016 Read Full Article
U.S. Refiners Revamp Operations as Renewable Fuel Costs Surge
by Jarrett Renshaw and Chris Prentice (Reuters/Yahoo! Finance) ... The alternative is for merchant refiners to increase their ability to blend ethanol. PBF Energy is the latest refiner to take this approach. PBF has asked Delaware regulators to expand its ethanol handling
September 09, 2016 Read Full Article
Refiner Cuts Costs, Offers Buyouts as Ethanol Credits Rise
by Barbara J Powell (Bloomberg) ... RINS aren’t the real problem for the Philadelphia refinery, Robert Campbell, head of oil products research for London-based Energy Aspects, said in a telephone interview today. “East Coast refiners are not particularly competitive in this
September 09, 2016 Read Full Article
Where’s Butanol, or Other Substitutes for Gasoline besides Ethanol?
by Jim Lane (Biofuels Digest) ... Is there some fundamental reason that the automotive biofuels people haven’t shifted to butanol or iso-butanol or some other compound that would be more compatible with gasoline and the present highly evolved gasoline engines? Is
August 26, 2016 Read Full Article
Feature: Could a RINs Market Probe Fuel RFS Reforms?
by Brian Scheid and Herman Wang (Platts) Growing pressure for a federal probe of the opaque market underpinning the Renewable Fuel Standard could bolster efforts to dramatically reform the landmark biofuels policy. Earlier this month, billionaire investor Carl Icahn sent a heated,
August 25, 2016 Read Full Article
Another Billionaire Bailout?
by Brooke Coleman (Bloomberg/Advanced Biofuels Business Council) ... (Carl) Icahn’s ask is pretty simple. He wants the EPA to change the rules midstream to relieve his petroleum refining assets of their obligations. ... The RFS, for its part, requires petroleum companies like Icahn’s
August 25, 2016 Read Full Article
Ethanol Credit Spike Divides Gas Stations
by James Osborne (FuelFix) Now gas station owners say they, too, are losing out after the price of RINs – the credits which refineries must have to prove there is ethanol and other biofuels in the fuel supply — shot
August 24, 2016 Read Full Article
The RINferno, as It Burns up America’s Venture into Advanced Biofuels
by Jim Lane (Biofuels Digest) ... There’s a separate category of RINs for advanced biofuels. These are fuels that have at least a 50% reduction in fossil fuels compared to 2005 baseline gasoline. Overall, to qualify under the RFS, you need
August 19, 2016 Read Full Article
RINferno
by Jim Lane (Biofuels Digest) Let me see if we got this right. Donald Trump loves the Renewable Fuel Standard --- Carl Icahn loves Donald Trump --- Therefore, Carl Icahn hates the Renewable Fuel Standard With that, welcome to the 2016 United
August 17, 2016 Read Full Article
Viewpoint: Run on the RINs Bank This Year
(Argus Media) The bank of carryover RINs used to comply with US renewable fuel mandates faces a draw of nearly 500mn RINs this year to meet a stiff blend requirement of 10.1pc of the country's transportation fuel. An Argus analysis found
August 15, 2016 Read Full Article
As Price of Biofuel Credits Spike, Refiners Suspect Market Manipulation
by James Osborne (Houston Chronicle) Earlier this year Jack Lipinski, chief executive of the Sugar Land refiner CVR Energy, flew to Washington to plead his case to the U.S. Environmental Protection Agency. His problem: the prices of credits required to
August 08, 2016 Read Full Article
EPA, CFTC Asked to Investigate Alleged Manipulation in Biofuels Market
by Alex Guillén (Politico Pro) The Renewable Fuels Association today asked the Commodity Futures Trading Commission and EPA to investigate whether anyone is manipulating the market for a key biofuels compliance credit to drum up support for repeal of the
August 01, 2016 Read Full Article
Valero Says RFS Compliance Costs Are Soaring; Renewable Industry Snaps Back “Poor Capacity Planning”
by Jim Lane (Biofuels Digest) In Texas, Reuters is reporting that “Valero Energy expects to get hit with a half-billion-dollar bill in the second half of the year” and the news agency attributed the costs to “the rising cost of
August 01, 2016 Read Full Article
Biofuels Executive Briefing Available from ADI Analytics
(ADI Analytics) There is an increasing level of interest in conventional and advanced biofuels around the globe. Many countries are increasing biofuel mandates for several reasons ranging from stimulating agriculture, energy security, and most notably to reduce greenhouse gas emissions. The
July 18, 2016 Read Full Article
Prices of U.S. Biofuels Credits Jump on Supply Worries
by Chris Prentice and Jessica Resnick-Ault (Reuters) Prices of U.S. biofuels compliance credits jumped in early trade on Wednesday as worries mounted over potential supplies after Goldman Sachs Group signaled potential tightness next year on higher biofuels use requirements, according
June 30, 2016 Read Full Article
The Annual Battle for Renewables
by Bob Dinneen (The Hill) ... It’s worth recalling why a bipartisan coalition of policymakers, including President George W. Bush, worked together in 2007 to expand the Renewable Fuel Standard (RFS), which requires oil companies to make increasing amounts of biofuel
June 17, 2016 Read Full Article
Valero Presses EPA for RFS Change
(Argus Media) US Environmental Protection Agency administrators should shift the burden of US biofuel blending mandates closer to retail stations, US independent refiner Valero said today. The company, one of the largest US producers of both gasoline and ethanol, petitioned EPA
June 14, 2016 Read Full Article
Ethanol Blending Pressures Already Shrinking Refiner Margins
by Laura Blewitt (Bloomberg) Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners. The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through to the fuel prices. Now,
May 16, 2016 Read Full Article
Could Renewable Diesel’s Boom Be Cut Short by Feedstock Access and Availability?
by Jim Lane (Biofuels Digest) ... Renewable diesel demand is booming, booming, booming. We’ve tipped it repeatedly in The Digest, not least with our March Madness webinar last week on “Renewable Diesel’s Boom”. Any doubts may well have been swept aside
April 11, 2016 Read Full Article
OPIS Publishes Renewable Fuels Supply Supplement
(OPIS) The Renewable Fuels Supply Supplement is the first publication in the OPIS Market Trends series and is now available! This supplement is designed to analyze, educate and inform the global downstream industry of the latest trends, technologies and regulatory
March 03, 2016 Read Full Article
Octane’s Liquid Diamonds: The Secret Value of Ethanol
by Jim Lane (Biofuels Digest) Is ethanol really worth $3.81 for the octane but costs only $1.39 on the market? How could that be? Math majors around the country are frequently perplexed by this one. If you start with 84-octane RBOB
January 26, 2016 Read Full Article
Faced with Cheap Oil Prices, Biofuels Industry Sees No Déjà Vu
(Reuters/Business Times) Ethanol producers may feel less pain from sinking oil prices than in previous tough times, as a government rule ensures a minimum use of the biofuel and recent consolidation gives them both financial strength and output flexibility. Oil prices
January 25, 2016 Read Full Article
The Looming Octane Shortage?
by Jim Lane (Biofuels Digest) In a time of rising gasoline demand and targets for higher engine efficiencies, the world could use more octane. What about ethanol, and what about iso-octane itself? The Digest looks at the economics and the supplies. Over
December 29, 2015 Read Full Article
The 7 Flying Reindeer: Renewable Fuel Myths that Continue to Defy Gravity
by Jim Lane (Biofuels Digest) Food vs Fuel, biofuels causing corn planting to skyrocket, low oil prices killing off renewable fuels, the subsidy myth, the emissions myth, the “people won’t buy the fuels” myth, and the Insanity myth. ... In the world
December 23, 2015 Read Full Article
EPA’s Contradictory Rule Is a Gut Punch to Advanced Biofuels
by Brent Erickson (Biofuels Digest/Biotechnology Industry Organization) After a painful and damaging two-year delay, the Environmental Protection Agency (EPA) last week published Renewable Fuel Standards (RFS) for 2014, 2015 and 2016. Unfortunately, the agency finalized a rule riddled with contradictions and
December 10, 2015 Read Full Article
RINs Behavior after EPA Rule Shows Ethanol-Biodiesel Relationship
by Susanne Retka Schill (Ethanol Producer Magazine) The release of the U.S. EPA’s final rulemaking for the renewable fuel standard (RFS) was a shock to the RINs market—the renewable identification numbers used by obligated parties to demonstrate compliance. Biodiesel, D4
December 09, 2015 Read Full Article
RINs Gone Wild? (round 2)
by Scott Irwin and Darrel Good (FarmDocDaily) The EPA released the final rulemaking for 2014-2016 RFS standards on Monday, November 30. This release follows preliminary rulemaking released on May 29 of this year. Figures 1 and 2 are based on
December 07, 2015 Read Full Article
Why Ethanol Makers Are Actually Relieved With New EPA Cuts
by Robert Hackett (Fortune) ... Farmers and ethanol companies welcomed the change, according to the Wall Street Journal, since the cuts laid out earlier this year were originally more severe. But they were still dissatisfied that the requirement did not meet
December 02, 2015 Read Full Article
Sit on the RINs
by Jim Lane (Biofuels Digest) ... The US Environmental Protection Agency has discovered the following way of interpreting Energy Independence and Security Act. To wit, if the transportation fuels supply chain — controlled by guess whom — does not build renewable
November 16, 2015 Read Full Article
8 Ways around the Big, Bad Oxygen Problem in the Advanced Bioeconomy Parts 1 and 2
by Jim Lane (Biofuels Digest) In the terrestrial world, oxygen is colorless, odorless, and try to get through an hour without some. In the Bioeconomy Cinematic Universe, oxygen is harder than steel, heavier than a black hole, and higher than
October 14, 2015 Read Full Article
Irwin, Good Analyze Ethanol, Biodiesel RINs Relationships
by Susanne Retka Schill (Ethanol Producer Magazine) Ethanol D6 RIN prices have stayed relatively stable over the summer while D4 biodiesel RINs prices plummeted, Illinois economists Scott Irwin and Darrel Good point out in a recent FarmDocDaily post, “Why Isn’t the
September 28, 2015 Read Full Article
Industry’s Withering Critique of EPA’s Renewable Fuel Standard Proposals for 2014, 2015, 2016: The Digested Version
by Jim Lane (Biofuels Digest) Heard dire comments like “POET expects to stop all future U.S. cellulosic investments if EPA’s proposed base renewable fuel requirements are not strengthened.” Want to understand the substantive concerns on the Renewable Fuel Standard, but
July 31, 2015 Read Full Article
Ethanol for All, And Then Some
by Robert Rapier (Investing Daily) ... If less fuel is being produced than the mandated level, it drives up the price of the RIN and in theory increases the incentive to produce the fuel (which is the intent of the system). For
July 02, 2015 Read Full Article
EPA Hearings on Renewable Fuel Standard: Testimony of Geoff Cooper, Senior Vice President at the Renewable Fuels Association
(Biofuels Digest) Good morning, my name is Geoff Cooper and I am representing the Renewable Fuels Association. By any measure, the RFS has been a tremendous success. It has stimulated growth in biofuel production, revitalized rural economies, reduced GHG emissions,
June 26, 2015 Read Full Article
Farmers, Biofuel Industry Calls on Congress to Leave RFS Alone
by Erin Voegele (Biomass Magazine) On June 17, Fuels America hosted a press call during which American farmers and representatives of the biofuel industry discussed how legislative changes to the renewable fuel standard (RFS) would threaten America’s security, consumers, climate
June 19, 2015 Read Full Article
EPA Renewable Fuel Standard Management Scrutinized at Hearing
by Anna Simet (Biomass Magazine) U.S. EPA Acting Assistant Administrator Janet McCabe fielded dozens of hard questions and endured heavy scrutiny during a June 18 hearing held to discuss the agency’s management of the federal renewable fuel standard (RFS). Chairing the hearing
June 19, 2015 Read Full Article
In Blow to Big Oil, EPA Says Oil Refiners Recover RINs Costs
by Chris Prentice (Reuters) Oil companies ultimately recover their costs of complying with the U.S. biofuels program, according to an Environmental Protection Agency (EPA) analysis that marks the regulator's clearest challenge yet to a key criticism of the policy. The report,
June 16, 2015 Read Full Article
U.S. Buyers Scoop up Brazilian Ethanol Amid RIN Revival
by Chris Prentice (Reuters) Oil traders are rushing to import ethanol from Brazil for the first time this year after U.S. regulators moved to increase use of advanced biofuel, opening a wide spread in the niche biofuel credits market. The premium
June 16, 2015 Read Full Article
Fuels America Holds Call to Discuss New EPA Memo on RIN Prices
by Erin Voegele (Ethanol Producer Magazine) On June 11, Fuels America hosted a conference call to discuss a memo from the U.S. EPA that demonstrates the renewable fuel standard (RFS) does not increase—and, in fact, works to decrease—retail gas prices. ... Geoff
June 15, 2015 Read Full Article
Proposed RVO Raises Multiple Questions for Illinois Economists
by Susanne Retka Schill (Ethanol Producer Magazine) The U.S. EPA’s May 29 proposed renewable volume obligations (RVO) is under scrutiny by University of Illinois economists in recent FarmDocDaily posts. Jonathan Coppess examines the argument that EPA appears to be turning the
June 15, 2015 Read Full Article
Biofuel RIN Prices React Wildly to US EPA's RFS Proposals
(Platts) ... In immediate reaction, market participants viewed the proposed obligations as bearish for corn-based ethanol (D6) RINs and bullish for biomass-based diesel (D4) RINs. Advanced biofuel (D5) RINs were expected to also track biomass-based diesel RINs higher, sources said. Moments
June 02, 2015 Read Full Article
New Statistical Analysis: Retail Gas Prices Unaffected by Renewable Fuel Standard RIN Credits
(Renewable Fuels Association) Retail gasoline prices from 2013 through the first quarter of 2015 were unaffected by prices for “RIN credits” (Renewable Identification Numbers) that are used to demonstrate compliance with the Renewable Fuel Standard (RFS), according to a new
May 26, 2015 Read Full Article
Renewable Fuels Association Urges EPA to Get ”Back on Track” with Renewable Fuel Standard
by Jim Lane (Biofuels Digest) In Washington, the Renewable Fuels Association (RFA) submitted comments today to the U.S. Environmental Protection Agency (EPA) expressing support for a proposed legal agreement that sets specific deadlines for establishing Renewable Fuel Standard (RFS) volume
May 26, 2015 Read Full Article
Cellulosic Refiners Hamstrung by Chaos in RFS-Credit Market
Amanda Peterka (E&E Publishing) ... Refiners aren't buying cellulosic fuel credits through the renewable fuel standard program for what the company produces. And so Quad County has received as much as $600,000 less than expected for its wares -- a shortfall
May 12, 2015 Read Full Article
2015 Ethanol RINs Prices Rise to Three-Month High after EPA Announcement
by Jordan Godwin and Wes Swift (Platts) Corn-based (D6) ethanol RINs for 2015 firmed up to their highest level in more than three months Tuesday as the market continued to show a revival of aggressive bid interest, sources said. ... Market participants
April 17, 2015 Read Full Article
EPA Issues 2014 and 2015 Cellulosic Waiver Credit prices
by Jim Lane (Biofuels Digest) In Washington, the EPA announced 2014 and 2015 Cellulosic Waiver Credit prices, and “a Clarification of the Data Sources Used in the Cellulosic Waiver Credit Price Calculation”. ... The good news here? The waiver credits have been
March 26, 2015 Read Full Article
RFS Roundup: Advanced Cellulosic Industry Group Breaks with Industry on RFS
(Environmental and Energy Study Institute) On March 11, at the Advanced Bioeconomy Leadership Conference in Washington D.C., Advanced Biofuels Association President Michael McAdams broke with the “Don’t Mess with the RFS” mantra that has been the collective industry response to
March 13, 2015 Read Full Article
The Outlook for Renewable Fuels: The Top 10 issues for 2015
by Jim Lane (Biofuels Digest) ...Here’s our most recent update, focusing on 10 key issues (though not ranked in order of importance): 1. Oil price volatility — will it stabilize? 2. RIN price volatility — will the rollercoaster end? 3. Ethanol blend wall
February 13, 2015 Read Full Article
The Big Move: The Leap from First-Gen to Next-Gen Biofuels Companies, How Does It Happen?
by Jim Lane (Biofuels Digest) How does the biofuels industry move from its roots in first-gen corn starch or cane sugar fermentation towards diversified products, more capacity and distribution, and new inputs like cellulosics? How are the economics now — and
February 09, 2015 Read Full Article
Will Low Oil Prices Be the Downfall of Cellulosic Biofuels?
by Wally Tyner (The Conversation/Purdue University) ... One challenge to commercializing biofuel made from non-food sources — called cellulosic biofuels — has been cost. Unlike ethanol made from corn, cellulosic biofuels are made from the inedible parts of plants or organic materials,
February 08, 2015 Read Full Article
Is Bureaucracy Holding Back Advanced Biofuels?
by Jim Lane (Biofuels Digest) ... Why must “the entire value chain of production from feedstock to finished product be conducted at a single location” asks Antoine Schellinger, VP of Strategy and Technology at Triten IAG. Should a regulatory burden for tracking
February 06, 2015 Read Full Article
U.S. Industry Blasts EPA Decision on Biodiesel Imports
(National Biodiesel Board) EPA to Fast-Track Argentinian Biodiesel by Easing Sustainability Requirements The National Biodiesel Board on Tuesday sharply criticized a decision by the EPA to allow streamlined Argentinian biodiesel imports to the U.S. under the Renewable Fuel Standard (RFS). “This decision
January 27, 2015 Read Full Article
The 5 Most Maddening Myths about Corn and Ethanol
by Jim Lane (Biofuels Digest) Food vs Fuel, emissions, cost competitiveness, and RINsanity. Some of the most unfair bricks hurled at corn starch-based ethanol — and here’s why. ... In the field of renewable fuels, there’s no technology that’s done more
January 12, 2015 Read Full Article
Gasoline Price Plunge in U.S. Slowed by Higher Ethanol Costs
by Mario Parker (Bloomberg BusinessWeek) The biggest plunge in U.S. gasoline prices since 2008 is slowing as higher ethanol boosts the cost to make the motor fuel. Ethanol futures surpassed gasoline last month for the first time since March. Faced with
January 08, 2015 Read Full Article
Biofuels and the Oil Price, Gloomy Gus, Energy Bear, Express Train to Mood Hell
by Jim Lane (Biofuels Digest) Oil prices are down, energy stocks are plunging, and the investor mood is giving Lord of the Flies a run for its money for mix of peril, fantasy and pessimism. So why is the hard
January 07, 2015 Read Full Article
Yellow Hose Program Brings Price Stability to E85 in Michigan
by Holly Jessen (Ethanol Producer Magazine) A Michigan ethanol plant has had success with its Yellow Hose program, blending E85 and supplying area retailers, as well as sales at an on-site fuel pump. Carbon Green Bioenergy LLC blends E85 at the
December 29, 2014 Read Full Article
Does the Oil Glut Spell DOOM, GLOOM or BOOM for Alternative Fuels?
by Jim Lane (Biofuels Digest) How does $60 oil impact payback for natgas or hybrid electric vehicles, and cellulosic biofuels? The going assumption is that low oil prices are bad for alternative fuels — but it’s not always the case.
December 16, 2014 Read Full Article
EPA Puts RFS In Jeopardy
by Jacqui Fatka (Farm Futures) Actions taken by EPA to help keep RFS alive have actually backfired and brought more attacks in defending Congress’ intent. ... Wally Tyner, Purdue University ag economist, said it’s quite ironic that EPA likely proposed lower corn-based
December 02, 2014 Read Full Article
Congressional Budget Office Says RFS Could Result in $6.00 per Gallon Credits for Advanced Biofuels
by Jim Lane (Biofuels Digest) How does the Congressional Budget Office look at biofuels and the Renewable Fuel Standard? How does $3.00-$6.00 advanced biofuels RINs? A $0.26 per gallon hike in gasoline prices? A $1.27 drop in the price of E85
October 27, 2014 Read Full Article
Rolling Back the Write Down of the Renewable Mandate for 2014: The RINs Market Rings the Bell Again
by Scott Irwin (University of Illinois) The EPA is apparently going to finalize 2014 RFS rules in the near future. This will at least temporarily bring the tumultuous process to an end that started with the release of the preliminary RFS
August 12, 2014 Read Full Article
Producers Share Revolutionary Efforts at Corn Ethanol Plants
by Katie Fletcher (Ethanol Producer Magazine) Many ethanol advocates attending and speaking at the 2014 American Coalition for Ethanol conference are not strangers to the ethanol industry. Even though they have been with the industry for a while, many reject
August 07, 2014 Read Full Article
Defusing the Cellulosic Bomb inside the Renewable Fuel Standard
by Jim Lane (Biofuel Digest) Thought the 2014 volume debate over the Renewable Fuel Standard was tough enough?What about the ticking bomb inside the RFS — that could completely flat-line the value of cellulosic RINs and make it near impossible
May 27, 2014 Read Full Article
When Refiners Cry Wolf, Who Will Be Fooled?
by Brent Erickson (Biotechnology Industry Organization/Biofuels Digest) EPA’s proposed rule went too far in correcting a problem largely of the refiners’ own making. It’s in the nation’s interest to put the final RFS rule back on course. Last year, it appears
May 27, 2014 Read Full Article
A Different Perspective on Getting Through the Ethanol Blendwall
by John Kingston (Platts: The Barrel) Anna Temple of WoodMac tried at the annual AFPM meeting to put one aspect of the ethanol issue into a highly consumable number: eight. The Houston-based downstream consultant, in one part of her presentation, said the Renewable Fuel
May 09, 2014 Read Full Article
RIN Stocks Part II - 'Healthy' Levels
by Rob Johansson and Seth Meyer (FarmDocDaily/USDA) Building on the discussion of RIN pricing and stock holding (here) we explore what a 'healthy' RIN bank may look like, estimate RIN stocks for 2014. The availability of RIN stocks will interact with final mandates
April 24, 2014 Read Full Article
RIN Stocks Part I - Valuation
by Rob Johansson and Seth Meyer (USDA/FarmDocDaily) ... It is clear that the bankable (and borrowable) nature of RINs allow obligated parties to optimize their compliance costs over time. In the past, pre-blendwall, it was relatively inexpensive to generate and save surplus RINs allowed
April 17, 2014 Read Full Article
No Logic in Blaming Ethanol for High Gas Prices
by Bob Dinneen (Renewable Fuels Association/US News and World Report) Ethanol is less expensive than gas, and consumers will benefit more if it's used. Logic is nowhere to be seen in petroleum analyst Gregg Laskoski’s call to reduce or revise the
April 04, 2014 Read Full Article
How RINs Really Work, and Why Big Oil Hates Them
by Ron Lamberty (Ethanol Producer Magazine/American Coalition for Ethanol) The ability for independent fuel marketers to sell renewable fuels at lower prices while improving profit margins by selling RINs, has given independent fuel marketers something they have never had before:
March 18, 2014 Read Full Article
Will the EPA Reverse Itself on the Write Down of the Renewable Mandate for 2014? The Message from the RINs Market
by Scott Irwin (FarmDocDaily/University of Illinois) ... The purpose of today's post is to show that the recent behavior of prices in the RINs market suggests the odds of the EPA reversing the proposed write down of the renewable mandate for
March 04, 2014 Read Full Article
US EPA to Finalize 2014 Renewable Fuel Standard by June 20: Official
by Herman Wang (Platts) The US Environmental Protection Agency will finalize the 2014 Renewable Fuel Standard in about four months, a top official said Wednesday. "Our goal was to finalize [the rule] by spring," said Chris Grundler, who heads the EPA's
February 20, 2014 Read Full Article
Big Oil to Ethanol: Build Your Own Dang Distribution, If You Think E85 Has Blend-Wall Busting Potential
by Jim Lane (Biofuels Digest) Reform, repeal or compete: the options laid out for ethanol by Big Oil by Marathon’s Product Supply & Optimization Director in a frank keynote at the National Ethanol Conference. The RFA’s Geoff Cooper and ISU’s
February 20, 2014 Read Full Article
Ethanol RIN Prices Near Four-Month High Amid 2014 Uncertainty
by Jordan Godwin (Platts) Current-year corn-based ethanol (D6) RINs were assessed at their highest level in nearly four months Monday on firming buying interest and continued uncertainty regarding the 2014 Renewable Fuel Standard, sources said. ... RIN prices skyrocketed Thursday in reaction to a
February 04, 2014 Read Full Article
KiOR Provides Operational Update on Columbus Facility
(MarketWatch/KiOR) KiOR, Inc., provided today (December 23, 2013) an update on the operations at its Columbus, Mississippi, facility. KiOR expects that, given current and anticipated operations through the remainder of the year, the Columbus facility will produce approximately 410,000 gallons of
December 26, 2013 Read Full Article
Dinneen: RFS Not for Big Oil’s Convenience
by John Davis (DomesticFuel.com) The case for keeping the Renewable Fuel Standard (RFS) as-is is being made today at an Environmental Protection Agency (EPA) hearing in Arlington, Va. Our friends from the Renewable Fuels Association (RFA) have shown up in
December 06, 2013 Read Full Article
Nightmare Scenario: Renewable Fuels’ Defenders Pull out the Stops to Persuade EPA to Continue the War on Imported Oil
by Jim Lane (Biofuels Digest) Today, the EPA has scheduled a day of testimony on its proposed 2014 Renewable Fuel volume targets — and a proposed 40 percent slash in the advanced biofuels category to 2.2 billion (ethanol equivalent) gallons,
December 05, 2013 Read Full Article
Ethanol Gains With Demand Rising Amid Low Inventories
by Mario Parker (Bloomberg) Ethanol gained on speculation that rising production won’t be enough to keep up with demand and bolster stockpiles. The additive’s discount to gasoline, based on January contracts, narrowed 0.47 cent to 96.07 cents a gallon. Motor fuel consumption is
December 04, 2013 Read Full Article
Big Changes in California LCFS Are Called for in a New Report
by John Kingston (Platts) The University of California-Davis has a new study out about California’s Low Carbon Fuel Standard. Once you get past the standard dry academic writing, much of it is fairly startling. We care about the source of the report
November 20, 2013 Read Full Article
Cellulosic Ethanol, Once the Way of the Future, Is Off to a Delayed, Boisterous Start
by Steven Mufson (The Washington Post) The “now hiring” sign is up online for Emmetsburg, Iowa, where the nation’s largest maker of ethanol used for motor fuel is putting the final touches on a manufacturing plant that will rely not
November 13, 2013 Read Full Article
INSIGHT-Lord of the RINs? Vitol's Ethanol Credit Bonanza
by Cezary Podkul (Reuters) Swiss trading company Vitol SA is among the biggest beneficiaries of an opaque U.S.-government-mandated trading scheme established to help boost the share of ethanol in the nation's fuel supply, market sources say. As refiners scrambled this year
November 08, 2013 Read Full Article
E85 Sales Would Soar If Fuel Was Priced On Parity With E10 And Had Full Access To Flex Vehicle Market, According To CARD Economists
(The Center For Agricultural And Rural Development/Sacramento Bee) Meeting demand is key to achieving federal renewable fuel volume mandates A new paper by Iowa State University economists Bruce A. Babcock and Sebastien Pouliot identifies a bottleneck of too few fuel stations that offer
November 08, 2013 Read Full Article
RIN Market Is Working Well To Enforce Biofuel Mandates, According To CARD Economists
(Center For Agricultural And Rural Development/PR NewsWire/Yahoo!Finance) A new analysis by Iowa State University economists Bruce A. Babcock and Sebastien Pouliot of the EPA's ethanol market system finds that it works effectively and as intended in tracking compliance with the
November 07, 2013 Read Full Article
Biofuel Groups Seek to Intervene in Latest Legal Challenge to RFS
(Agri-Pulse) The Renewable Fuels Association, Growth Energy and the Biotechnology Industry Organization filed Friday a motion with the U.S. Court of Appeals for the District of Columbia to intervene in a lawsuit filed by the oil industry in September challenging
November 05, 2013 Read Full Article
Journey to the Center of the Renewable Fuel Standard
by Jim Lane (Biofuels Digest) The pressure has risen to 30 atmospheres and the temperatures are rising into the hundreds of degrees. You think: “I’m in a dream, on a journey to the center of the earth.” But, in fact,
October 30, 2013 Read Full Article
U.S. Farm State Lawmakers Urge CFTC to Examine Volatile RINs Market
by Cezary Podkul (Reuters) Thirteen U.S. lawmakers on Tuesday urged the derivatives market regulator to examine fraud and manipulation in the cash market for ethanol blending credits known as RINs, as political scrutiny of the market intensifies following an unprecedented
October 23, 2013 Read Full Article
Economist Examines $2 Billion Drop in Total RIN Market
by Susanne Retka Schill (Ethanol Producer Magazine) What’s behind the plunge in renewable identification number (RIN) prices? University of Illinois economist Scott Irwin examined the question in another of his ongoing series of FarmDocDaily posts following the dramatic shifts in RINs
October 15, 2013 Read Full Article
Total to Hike Texas Plant Fuel Exports Amid Costly Ethanol Credits
by Cezary Podkul (Reuters) ... "The increase in (RIN) price is indeed translated into an additional cost for the company (around $100 million) and as a consequence, Total plans to increase exports and jet (fuel) production" because they are not subject
October 15, 2013 Read Full Article
More E85 Ethanol Stations, More Supportive Studies
by John Davis (DomesticFuel.com) It’s been a pretty good couple of weeks for E85 ethanol, as the green fuel made its way into 24 more stations across the country and got another study with supportive results. The Renewable Fuels Association (RFA)
October 03, 2013 Read Full Article
Ethanol Prices Plummet, Pressuring Gasoline
(Lincoln Journal Star) A "somewhat meager rally" may be underway for spot gasoline prices, but oil market expert Tom Kloza said lower corn prices are causing "radical changes" for ethanol, and even for Renewable Identification Numbers, the currency of ethanol
October 03, 2013 Read Full Article
Biofuel Blending Rules Won't Raise Gas Prices | Commentary
by Brent Erickson (Roll Call/Biotechnology Industry Organization) ... What’s really behind this year’s rapid rise in the price of RINs? And will their cost be passed to consumers at the pump? A simple exercise in following the money shows that it’s the
October 02, 2013 Read Full Article
Grassley Asks EPA if Ethanol Credit Market Is Being Controlled by Wall Street
by Christopher Doering (Des Moines Register) As controversy swells over the cost of special credits tied to ethanol, Iowa Sen. Chuck Grassley asked the agency charged with overseeing the country’s renewable policy for details on what is being done
September 26, 2013 Read Full Article
Chairwoman Stabenow Calls on CFTC to Review Possible Manipulation of Renewable Fuels Market
by Greg Akagi (KansasAgNetwork) Michigan Democratic Senator Debbie Stabenow, Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, today called on the Commodities Future Trading Commission to review recent allegations about possible manipulation of the markets for
September 25, 2013 Read Full Article
ISU study: Investment in E85 Could Be Cheaper than Purchasing Ethanol Credits
by Christopher Doering (Des Moines Register) A study from Iowa State University said the cost of installing tanks to handle fuel with 85 percent ethanol could be cheaper than purchasing energy credits to avoid blending the fuel mostly made from
September 24, 2013 Read Full Article
EIA: E85 Fuel Becoming Price-Competitive with Gasoline in US Midwest
by Conglin Xu (Oil & Gas Journal) E85 motor fuel—gasoline blended with as much as 85% ethanol and commonly used by flexible-fuel vehicles (FFV) in the US and Europe—is becoming increasingly price-competitive with gasoline in several Midwestern states on an energy-content basis,
September 23, 2013 Read Full Article
Wall St. Exploits Ethanol Credits, and Prices Spike
by Gretchen Morgenson and Robert Gebeloff (The New York Times) ...But a little known market in ethanol credits has also become a hot new game on Wall Street. ...But many people believe that is what happened this year when the price
September 16, 2013 Read Full Article
A Market in Desperate Need of Transparency
by Mike Lux (Huffington Post) ...If the 2009 financial crisis taught us anything, it's that market manipulation and speculation is a recipe for disaster. Four years later, we don't seem to have learned our lesson. Wall Street has found another,
September 12, 2013 Read Full Article
Valero Implores Obama Administration to Waive Ethanol Mandate
by Mario Parker (Bloomberg/Fuel Fix) Valero Energy Corp., the world’s largest independent refining company, called on the Obama administration to waive the country’s biofuel target immediately, saying the cost to reach it has skyrocketed. “We need the waiver now,” Valero Chief
September 12, 2013 Read Full Article
Seeking Delta: Biofuels, Algae, Natgas, CO2 and the Finding of True Value
by Jim Lane (Biofuels Digest) ... “What you really are in the business of,” Aemetis CEO Eric McAfee reflects, “is capturing the arbitrage between the commodity price of your most expensive feedstock — and the price of your finished molecule plus
September 09, 2013 Read Full Article
Fixing Rufus: Congress, 2013 and the Renewable Fuel Standard
by Jim Lane (Biofuels Digest) ...Based on our industry sources, here’s an outline for a “change the RFS” outcome – what that might look like. We see four key elements — ethanol, drop-ins, biodiesel and the RIN system for smoothing
September 05, 2013 Read Full Article
Renewable Fuels Are Wave of the Future
by Bob Dinneen (Renewable Fuels Association/Pottstown Mercury) I am writing in response to Senator Pat Toomey’s Op-Ed that ran in The Mercury entitled “Federal regulations threaten Pa. refineries.” The Renewable Fuel Standard (RFS) is not threatening refiners across the United States because