In Washington, presidential advisor Carl Icahn’s CVR Energy did in fact short the RIN market in 2016, selling RINs at an average of 77 cents and reaching highs of $1 while the credits it now needs for compliance are averaging 55 cents. Prices fell after President Trump won the election and then again when Icahn […]
In India, the drought has hit sugarcane production, and therefore ethanol production, very hard with some states like Maharashtra seeing production fall by more than half. As a result, achieving the E10 blending mandate seems even further away. The October tender held to supply ethanol to achieve the mandate saw only 780 million liters offered […]
In Mexico, the head of the Senate’s special commission on climate change has called for a review of new alterative fuels in an attempt to reduce greenhouse gas emissions in line with the country’s COP21 commitments. Policy restricts the use of corn as ethanol feedstock only to times when there is sufficient stocks in the […]
In Washington, the Main Street Energy Alliance has launched to urge the Environmental Protection Agency to resist the efforts of a small group of special interests including Valero, Monroe Energy and investor Carl Icahn who are trying to alter the point of obligation requirement under the Renewable Fuel Standard in order to serve their own […]
In Australia, two MPs have come out against a report by the federal government’s Productivity Commission that warned ethanol blending was a bad investment for the economy, saying that dropping the 6% ethanol mandate in New South Wales would be instead devastating to the economy, especially on the South Coast. The province has invested heavily […]
In Washington, as expectations of a quick resolution to the point of obligation debate or even reform to the Renewable Fuel Standard in general begin to fade, prices for RINs are beginning to rebound. Despite expectations since December that reform could come quickly as a result of the new administration’s various appointments, those opportunities are […]
In Belgium, to counter the impact of unsustainable palm oil production, such as deforestation and habitat degradation, particularly in South-East Asia, the EU should introduce a single certification scheme for palm oil entering the EU market and phase out the use of vegetable oils that drive deforestation by 2020, say MEPs in a resolution voted […]
In Argentina, the US is the country’s last major biodiesel export market but with the potential for anti-dumping duties that have already all but eliminated the European and Peruvian markets, the country’s biodiesel industry is in a panic. Even though policy dictates that biodiesel be blended locally, there is nowhere near enough demand to absorb […]
In California, the Urban Air Initiative called the results of a new Coordinating Research Council emissions study one more example of the biased and flawed testing procedures used to penalize ethanol. The CRC’s match blending of test fuels fails to recognize how ethanol truly performs in real world fuels, the group said. And this inaccurate […]
In Switzerland, a team from Indonesia’s trade ministry is filing an appeal with the World Trade Organization, arguing that the European Union’s methodology for calculating the normal price of biodiesel in Indonesia is flawed and therefore anti-dumping duties against its exports are unnecessary. It’s this challenge the country says sets its complaint against the EU […]
