Some 40 percent of the U.S. corn crop is refined into ethanol, but over the last two weeks, Covid-19 has joined a host of other disrupting factors to create what Geoff Cooper, president of the Renewable Fuels Association, calls “not just a perfect storm for ethanol, but a perfect tsunami.” Since the outbreak, ethanol prices have plunged to an all-time low of 88 cents a gallon and manufacturers are warning of more plant closures and reduced run rates.(No paywall)
Agriculture Secretary Sonny Perdue should tap “USDA’s bank,” a Depression-era agency with easy access to billions of dollars, to bail out cattle ranchers hit by sharp declines in beef prices as Covid-19 mounts, said ranch activists on Monday. Senate Democratic Leader Chuck …
President Trump will endanger his standing with farmers, who voted for him in landslide numbers in 2016, if his administration appeals a U.S. appellate court ruling against RFS exemptions, said ag and biofuel leaders on Wednesday.
Grants totaling $100 million will be available to install or retrofit fuel pumps and storage tanks to handle higher blends of corn ethanol and biodiesel than now commonly offered, said the USDA, with details to be available by mid-spring. "USDA will continue to do its part to encourage the use of home-grown energy," said Agriculture Secretary Sonny Perdue.
The USDA is setting a goal of a 30 percent blend of biofuels into the U.S. fuel supply by 2050, said Agriculture Secretary Sonny Perdue on Thursday. Increased biofuel use was one of the four objectives of an "innovation agenda" to increase agricultural production by 40 percent while reducing agriculture's environmental impact by half.
Less than two weeks before the new year, the EPA said it modified the Renewable Fuel Standard to ensure that “a net of 15 billion gallons” of corn ethanol is blended into gasoline in 2020. But ethanol makers and farm groups were skeptical that the EPA’s final version of the RFS, issued on …
With the EPA expected to act as soon as Friday, biofuel supporters have called for President Trump’s direct intervention to assure a market for 15 billion gallons of corn ethanol in 2020.
Even as larger-scale producers of cellulosic ethanol shutter their plants, a handful of small-volume producers are staying the course. One of them, northwestern Iowa’s Quad County Corn Processors, has been using its distinctive distilling method to make cellulosic ethanol since 2014.
Five years ago, King Willem-Alexander of the Netherlands joined Gov. Terry Branstad at a biofuels plant in northwestern Iowa to inaugurate commercial-scale production of cellulosic ethanol. This week, the owner of that facility announced it would no longer produce the so-called “second-generation” renewable fuel at the plant.