In Washington, Reuters reports Democratic members from both Houses of Congress are set to submit bills in the next few weeks that would see billions in tax credits and investments funneled towards biofuels including $2 billion in additional funds for higher ethanol blend fuel infrastructure. Tax credits include those on biofuels at the pump and […]
In Washington, Reuters reports that corporate filings show oil refiners such as PBF Energy, CVR Energy, Delta Airlines and Par Pacific Holdings are so confident that President Biden will bail them out or that RIN prices will fall that they are short by more than $1.6 billion worth of credits. Reuters’ review shows that PBF […]
In Australia, the Palm Oil Monitor reports on the European Union Commission’s latest “Climate Taxonomy” document, a new set of regulations that determine whether an investment by an EU bank or institution can be considered climate friendly, which can have major ramifications for palm oil, according to Palm Oil Monitor. Palm Oil Monitor says, “The […]
In Washington, U.S. Senator Amy Klobuchar (D-MN) led a letter with 15 bicameral colleagues – including Senator Tina Smith (D-MN) – to the Environmental Protection Agency (EPA) and National Economic Council (NEC) expressing concern about reports that the Biden administration is considering several options to exempt oil refiners of their obligations under the Clean Air […]
In Washington, Bloomberg reports that the Biden Administration is exploring lower biofuel blending volumes for 2021 and 2022 in an effort to help oil refiners that have been suffering from high RIN prices that have reached as much as $2 each recently. With the suggested blending mandates expected to be published by the Environmental Protection […]
In India, the ANI news agency reports that with ethanol production capacity expanding rapidly thanks to soft financing, price supports and other policies, the Secretary of the Department of Food and Public Distribution expects installed capacity to double by 2025, allowing the country to achieve its 20% blending mandate goal. The E20 mandate is expected […]
In Washington, Reuters reports that although the Biden Administration has so far worked to roll back Trump era Small Refinery Exemptions to the delight of the ethanol industry, sources say the President is under pressure from Senators, especially those from Delaware, and labor unions to provide relief to refineries suffering from high RIN prices. RIN […]
In Norway, the government published a road map for hydrogen with a short-term ambition to establish hubs for hydrogen in the area of maritime transport and to boost hydrogen research and longer-term goal for Norway to be a low-emission society by 2050. The vision presented in the roadmap is that by 2050 a market for […]
In Washington, DTN reports that the House Biofuels Caucus is pushing for inclusion of biofuels industries in the latest pandemic bailout with 22 members writing to the Secretary of Agriculture seeking relief from the Pandemic Assistance for Producers program using funds from the Consolidated Appropriations Act of 2021 which has a total of $6 billion […]
In Nevada, over the weekend, Nevada Governor Steve Sisolak signed AB 411 into law, legislation that would require the Nevada Board of Agriculture to approve a fifteen percent ethanol blended fuel (E15) as part of any fuel regulation adopted by July 1, 2022. Once the regulation is finalized, Nevada would be the 47th state to approve E15 for […]
