In Washington, USDA Rural Development (RD) recently released “An Economic Impact Analysis of the U.S. Biobased Products Industry: 2023 Update,” which demonstrates how the biobased products industry grew at the national level despite the impacts of the global COVID-19 pandemic. Topline report findings include: Biobased products, a segment of the bioeconomy, contributed $489 billion to […]
In Washington, a multi-state coalition of biofuel and farm advocates called on President Biden’s Treasury Department to swiftly resolve any questions standing in the way of efforts to scale up U.S. production of Sustainable Aviation Fuel (SAF). Specifically, they urged the administration to quickly adopt the U.S. Department of Energy’s GREET model for the calculation of […]
In Washington, Department of Energy (DOE) last week released the 2023 Billion-Ton Report (BT23), which shows that the U.S. could sustainably triple its production of biomass to more than 1 billion tons per year. The report—the fourth in a series of assessments of potential biomass resources in the United States since 2005—finds that 1 billion […]
In Washington, U.S. Reps. Darin LaHood (R-IL) and Randy Feenstra (R-IA) led two letters to the Biden Administration urging greater action in developing new markets for biofuels exports and calling on U.S. Trade Representative Katherine Tai and U.S. Secretary of Agriculture Tom Vilsack to continue working towards the full repeal of Brazil’s 18% tariff on American […]
In Washington, a coalition representing farmers, ethanol producers, fuel retailers and fuel distribution companies urged the U.S. Environmental Protection Agency to reject a recent petition by CVR Energy to alter the Renewable Fuel Standard’s credit trading program. CVR Energy’s petition is a counterproductive proposal that would undermine the RFS and ultimately lead to higher prices […]
In Washington, officials from the Biden administration on Friday announced that they would miss a self-imposed March 1 deadline to complete modifications to the GREET model for sustainable aviation fuels (SAF). The model is critically important for determining eligibility for the Inflation Reduction Act’s “40B” SAF tax credit. “While we are pleased to hear progress is […]
In Washington, Brownfield Ag News reports Energy Information Administration data shows ethanol stocks have soared to nearly a one-year high at 26.022 million barrels last week despite an increase in purchases from refiners and blenders, supplying more blended gasoline to the market than the week prior. Production fell slightly from the week prior but was […]
In Washington, U.S. Senators Pete Ricketts (R-NE) and Sherrod Brown (D-OH) introduced the Renewable Fuel for Ocean-Going Vessels Act to allow companies to preserve Renewable Identification Number credits (RINs) under the RFS program for renewable fuel, when the fuel for use is in ocean-going vessels. The RFS excludes “fuel used in ocean-going vessels” from the […]
In Washington, the Energy Information Administration says the price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years. The decline in the price of credits, renewable identification numbers (RINs), is due primarily to lower costs for […]
In Washington, as part of President Biden’s Investing in America agenda, the U.S. Environmental Protection Agency and the U.S. Department of Energy released a Funding Opportunity Announcement (FOA) for up to $9.4 million for the development of advanced biofuels. This investment through a new agreement between EPA and DOE is funded by President Biden’s Inflation […]
