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)
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.
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.
The EPA justified its exemption of 31 refineries from the Renewable Fuel Standard in a two-page memorandum that it did not reveal for weeks, said a coalition of four biofuel groups and two farm groups in a challenge filed in a U.S. appeals court. The petition was filed at the same time biofuel backers are accusing the EPA of a “bait and switch” on promises to increase ethanol consumption.
The Trump administration is siding with Big Oil despite announcing a plan to increase ethanol consumption, farm state senators told the No. 2 USDA official on Thursday. “That’s a president that has chosen oil companies over family farmers,” said one of the critics, Democrat Sherrod Brown of Ohio.
The Trump administration “has yet ... to produce a concrete plan to meet the annual 15 billion-gallon requirement” for mixing corn ethanol into the U.S. gasoline supply, said House Agriculture Committee chairman Collin Peterson on Wednesday.
Roughly ten days ago, Midwestern senators left a meeting with President Trump believing they had an agreement to solidify corn ethanol’s share of the gasoline market. Yet Iowa Sen. Chuck Grassley said on Tuesday he had no idea why the administration has not announced the plan, arguing “it ought …