Tag: VEETC

Chevron say expect higher fuel prices with end of ethanol tax break

In California, Chevron warned its marketers that the ethanol tax break may be coming to an end in the near future. In the notification, the company indicated that higher pump prices are a likely effect for consumers. “We’ll be sending our dealers a copy of the letter so that they know what’s happening,” said a […]

December 5, 2011 More

5 Rules for Thriving in the 2011-12 renewable fuel markets

Focused on RFS, RIN, or VEETC? Have no idea what RMN, ATM, GDD, STT or LCW stand for? Amyris and Total do, and they are getting down the street towards serious scale. Are you? Yesterday’s Digest looked at the theme of getting stronger through beefing up management teams and raising cash, cash and more cash. […]

December 1, 2011 More

Ethanol subsidy foes sponsor $64,000 per truck natural gas subsidy

In Washington, Rep. Dan Boren (R-OK), in co-sponsoring a bill this past summer to eliminate the $0.51 per gallon VEETC subsidy, which went to obligated ethanol blenders, wrote: “The bottom-line is that our constituents don’t want it in their gas, they don’t want it in their cars, and I definitely don’t want it in my […]

November 16, 2011 More

"The issue of classic cars and ethanol blends."

Today on Twitter. DickNabors: Availability of renewable materials for biofuels questioned BRGT350: scary but good read for those of us with older cars RT @HemmingsNews: The issue of classic cars and ethanol blends: nitrogencycle: Livestock, poultry industries call for end of #ethanol blender tax credit, tweaks to RFS in House #Ag committee hearing EthanolRFA: RFA […]

September 15, 2011 More

Still Time to Get Biofuels Support Right

Say goodbye to the VEETC tax credit and move on? Not so fast, cautions BIO’s Brent Erickson. Here’s why. By Brent Erickson Reports of the Volumetric Ethanol Excise Tax Credit’s (VEETC) early demise have been a bit overblown. Though several groups and reporters believed the die was cast and the potential revenue savings would be […]

August 1, 2011 More

The reality we are living in now: Biofuels and the new DC, part II

In a two-part series, we look at the new DC in a $14 trillion debt environment: what’s up with loan guarantees, tax policy, the Renewable Fuel Standard, and the Defense Production Act. In part I we looked at the latest on loan guarantees and at the Klobuchar-Thune-Feinstein compromise on ethanol tax policy. Today, in part […]

July 11, 2011 More

The reality we are living in now: Biofuels and the new DC

In a two-part series, we look at the new DC in a $14 trillion debt environment: what’s up with loan guarantees, tax policy, the Renewable Fuel Standard, and the Defense Production Act. In part I today, we look at the latest on loan guarantees and at the Klobuchar-Thune-Feinstein compromise on ethanol tax policy. Monday, we […]

July 8, 2011 More

Ethanol tax credit, tariff raise corn prices by 18 cents per bushel: FAPRI

In Michigan, economists at the MU Food and Agricultural Food and Policy Research Institute (FAPRI) ran ‘what if’ scenarios on both the current 45-cent tax credit for biofuel blenders and associated 54-cent tariff on ethanol imports and found that extending them would boost corn-based fuel production and corn prices. With incentives in place, they saw […]

June 30, 2011 More

Roll call on Feinstein Amendment to repeal Ethanol Tax Credit

Here follows the roll call, on voting on the Feinstein Amendment to repeal the Volumetric Ethanol Excise Tax Credit (VEETC). Alabama Yea AL Sessions, Jefferson [R] Yea AL Shelby, Richard [R] Alaska Yea AK Begich, Mark [D] Yea AK Murkowski, Lisa [R] Arizona Yea AZ Kyl, Jon [R] Yea AZ McCain, John [R] Arkansas Yea […]

June 17, 2011 More

Senate votes to end US ethanol tax credits on July 1, rejects McCain amendment against blender pumps

End of an Era? Politics as usual? About biofuels, or corn? What do the dizzying array of Senate and House votes mean? In Washington, the US Senate voted 73-27 to sunset the 45-cent per gallon VEETC ethanol tax credit as of July 1st on ethanol and the 54-cent tariff on Brazilian ethanol, approving an amendment […]

June 17, 2011 More