Tag: Washington

US government opposing Abengoa’s bankruptcy plan

US government opposing Abengoa’s bankruptcy plan

December 1, 2016 |

In Washington, the Department of Energy, Department of Justice and other federal agencies are opposing Abengoa’s bankruptcy plan, saying at least part of the $130 million in subsidies the US government has plowed into the company over the years be recuperated. The case is set to be heard in a Delaware bankruptcy court on Tuesday. […]

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RFA says more than 80% of new 2017 model cars E15 compatible

RFA says more than 80% of new 2017 model cars E15 compatible

November 30, 2016 |

In Washington, more than 80 percent of new 2017 model year (MY) vehicles are explicitly approved by the manufacturer to use 15 percent ethanol blends (E15), according to an analysis of warranty statements and owner’s manuals conducted by the Renewable Fuels Association (RFA). That is up from last year, when approximately 70 percent of MY2016 […]

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GAO report says advanced biofuel production far below RFS requirements

GAO report says advanced biofuel production far below RFS requirements

November 29, 2016 |

In Washington, the General Accounting Office said that given that current advanced biofuel production is far below Renewable Fuel Standard (RFS) targets and those targets are increasing every year, it does not appear possible to meet statutory target volumes for advanced biofuels in the RFS under current market and regulatory conditions. Current production of cellulosic […]

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RFS 2017 announcement boosts soy and palm oil prices around the world

RFS 2017 announcement boosts soy and palm oil prices around the world

November 24, 2016 |

In Washington, the larger-than-expected biodiesel blending made under the Renewable Fuel Standard in 2017 announced on Wednesday provided additional support to vegetable oil futures that were already higher due to a minor uptick in petroleum prices. Soyoil futures jumped nearly 7% in Chicago on the news, helping to boost Malaysian palm oil prices to a […]

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House gaining support to limit ethanol blending despite record RFS for 2017

House gaining support to limit ethanol blending despite record RFS for 2017

November 23, 2016 |

In Washington, as the Environmental Protection Agency boosts its ethanol blending mandate for 2017 to a record high of more than 18 billion gallons, Renewable Fuel Standard opponents are mounting up in Congress to reform or repeal the legislation in the next session. Already H.R. 5180, that seeks to limit ethanol blending at below the […]

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Possible biodiesel tax credit extension won’t be approved this year

Possible biodiesel tax credit extension won’t be approved this year

November 22, 2016 |

In Washington, although Iowa Senator Chuck Grassley has introduced a bill to extend the biodiesel blenders credit, there’s no guarantee that the legislation will be passed before year’s end when it expires. The bill Grassley put forward along with 16 co-sponsors from both parties would not just extend the $1/gallon tax credit through 2019 but […]

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EPA opens public comment period on shifting RFS point of obligation

EPA opens public comment period on shifting RFS point of obligation

November 22, 2016 |

In Washington, the Environmental Protection Agency is proposing to deny several petitions requesting that EPA initiate a rulemaking process to reconsider or change its regulations that identify refiners and importers of gasoline and diesel fuel as the entities responsible for complying with the annual percentage standards adopted under the Renewable Fuel Standard program. EPA is […]

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EPA opens comment period on biointermediates, CCS and other regs

EPA opens comment period on biointermediates, CCS and other regs

November 22, 2016 |

In Washington, the Environmental Protection Agency (EPA) is proposing to update both its renewable fuels and other fuels regulations to reflect changes in the marketplace and to promote the growing use of both ethanol fuels (conventional and advanced) and non-ethanol advanced and cellulosic biofuels. The EPA is proposing to make several changes to the Renewable […]

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Wall Street Journal says RFS could lead to economic meltdown like mortgage-backed securities

Wall Street Journal says RFS could lead to economic meltdown like mortgage-backed securities

November 22, 2016 |

In Washington, the Wall Street Journal has likened the economic impact of oil companies’ obligation to blend biofuels or buy RINs under the Renewable Fuel Standard to when banks busted the US economy with mortgage-backed securities. It blames the EPA for choosing to make oil refiners and importers as the obligated party for creating a […]

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Vilsack says RFS not at risk from Trump

Vilsack says RFS not at risk from Trump

November 21, 2016 |

In Washington, Agricultural Secretary Tom Vilsack says that ethanol is too embedded in rural areas to be at risk from a Trump Administration. Trump has become well known for bouncing back and forth on his opinion about ethanol and the Renewable Fuel Standard, on one hand publically supporting it and on another listening to cronies […]

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