The Russian invasion of Ukraine focused world attention on wheat prices and disruptions of supplies to poor countries that rely on imported grain. Now analysts at the IFPRI think tank say there is “another important emerging food security issue: the war’s impact on vegetable oils.”
Verbio North America says it will more than double the capacity of its plant in central Iowa to produce renewable natural gas from corn stover, and it plans to begin production of corn ethanol in the final months of the year. The facility was the first of three plants in the nation to return to biofuel production after faltering as a producer of cellulosic ethanol, made from grasses, woody plants and crop residue.
During the ethanol boom of the early 2000s, Congress set an ambitious target of quadrupling the amount of renewable fuel mixed into gasoline for America's cars and pickup trucks. But while corn ethanol has lived up to its part of the plan, cleaner-burning "advanced" biofuels have been slow to come to market — two factors for the EPA to consider as it faces a regulatory reset of the Renewable Fuel Standard in the new year.
Amid reports the EPA might scale back the ethanol mandate, biofuel groups said on Tuesday there was no U.S. path to net-zero greenhouse gas emissions or lower prices at the fuel pump without homegrown ethanol. In testimony before Congress and in a letter to the White House, the trade groups …
Bakers are experiencing a "soybean oil supply crisis" of soaring prices and limited availability due in part to the land rush of investors into renewable diesel fuel, said an Ohio baking executive on Wednesday. Soy oil is a key ingredient in baked goods as well as the feedstock for making renewable diesel.
Farmers have received $4.8 billion in long-promised payments of $20 an acre on crops that range from corn, soybeans, and wheat to sorghum and sugar beets, said USDA data on Monday. It was the largest disbursement of coronavirus relief funds since the Biden administration took office.
Thanks to a rush in investment, the renewable diesel industry is in a building boom in the United States and abroad "that is very comparable, I believe, to the ethanol boom of the mid-2000s," said economist Scott Irwin of the University of Illinois on Thursday.
After slowing with the collapse of the commodity boom nearly a decade ago, the conversion of grassland to row crops is accelerating in the Great Plains of the United States and Canada, said the World Wildlife Fund.
Since it revamped its pandemic relief programs in March to "reach a broader set of producers," the Agriculture Department has committed $8.75 billion in assistance to farmers and ranchers, including $750 million for the dairy sector and up to $1 billion for contract growers of pigs and poultry. Only a few items remained on its list for implementation on Tuesday, among them $700 million for biofuel producers.
With the Biden administration and the major U.S. automakers investing heavily in electric vehicles, rural Americans — especially those connected to farming — are concerned about the future of biofuels. Given that ethanol, primarily made from corn, is blended with the gasoline that powers the vast majority of the nation’s vehicles, the prospect of replacing gasoline with electricity has enormous implications for the rural economy. In 2019, the global biofuels market amounted to over $136 billion.(No paywall)
Projects in 23 states across the nation will receive a combined $26 million to install pumps, tanks, and other equipment for selling higher-blend biofuels, said the USDA on Thursday. The projects are expected to expand the availability of higher-blend fuels by 822 million gallons annually.
The market for corn ethanol will be stunted unreasonably if sales of gasoline containing a higher blend of the homegrown fuel are banned during the summer, said corn growers and two biofuel groups on Tuesday. They asked all 16 judges on the U.S. Court of Appeals for the District of Columbia to review a July 2 decision against year-round sales of E15, gasoline containing 15 percent ethanol.
On a voice vote, the Senate confirmed agricultural law expert Janie Hipp, who promised to be "a big voice at the interdepartmental table" in dealing with cattle prices and biofuels, as USDA general counsel. She was the first of President Biden's nominees for top-tier executive posts at USDA to see a Senate vote, but action could be near on others.
Agriculture Secretary Tom Vilsack announced up to $200 million in pandemic relief for loggers and timber haulers on Tuesday and said "there is more to come" for agriculture in the weeks ahead. Aid will include $700 million for biofuel producers and $980 million in dairy supports.
Despite losing two high-profile cases in seven days, the ethanol industry says the future is bright for the corn-based biofuel that it promotes as a low-carbon alternative to gasoline and a tool to slow global warming. “We view both decisions as only temporary setbacks but neither will deter …
By deploying clean technology, the United States can reduce its greenhouse gas emissions 50 percent by the end of this decade, said President Biden at an Earth Day summit intended to spark global action on climate change. "That's where we're headed as a nation, and that's what we can do if we take action to build an economy that's not only more prosperous but healthier, fairer, and cleaner for the planet."
U.S. ethanol production plunged 13 percent last year due to the pandemic, costing the industry around $4 billion in sales. But it may recover fully by 2023, on the strength of larger exports and rising domestic use of higher blends of ethanol into gasoline, said the Food and Agricultural Policy Research Institute.
The average gallon of gasoline sold during 2020 was 10.23 percent ethanol, the highest blend rate ever, said the Renewable Fuels Association. At the same time, 12.63 billion gallons of the biofuel were mixed into gasoline, the smallest amount in 11 years, declining in tandem with the reduction in travel and fuel sales that accompanied the pandemic, said the trade group.