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)
The cold spell that hit the country in the early days of January has slowed barge traffic on rivers in the Midwest, says Harvest Public Media. In the first two weeks of the month, barges moved about 60 percent less grain than in the same period in 2017 due to heavy ice buildups, according to USDA.
An ethanol industry trade group says President Trump's decision to review fuel economy standards for automobiles set by his predecessor could mean a larger role for "high octane, low carbon fuels" such as renewable fuels. Trump announced "the big news that we're going to work on the CAFE (corporate average fuel economy) standards, so you can make cars in America again" during a speech in Detroit.