In Iowa, ethanol producers will begin investing in corn oil extraction equipment with gusto in order to compensate for the lack of VEETC by earning the $6.6 million per year a typical 100 million gallon ethanol plant would get by extracting the oil from the DDGs. Doing so also reduces the nutritional value of the […]
In Washington, Digest columnist and Growth Enerrgy co-chairman Gen. Wesley K. Clark (Ret.), writing in the Huffington Post, said “For the first time in nearly a decade, the ethanol industry will exist without any government financial support: the blenders’ tax credit, created by Congress in 2004 to establish a healthy ethanol industry, expired on December […]
In Washington, Digest columnist and Growth Enerrgy co-chairman Gen. Wesley K. Clark (Ret.), writing in the Huffington Post, said “For the first time in nearly a decade, the ethanol industry will exist without any government financial support: the blenders’ tax credit, created by Congress in 2004 to establish a healthy ethanol industry, expired on December […]
In Illinois, ethanol futures rose for a with consecutive day despite the apparent failure of Congress to renew the $0.54 per gallon tax credit on corn ethanol. For 2011 as a whole, ethanol prices have fallen 8.1 percent. At the same time, corn futures prices were up 5.44 percent for the week on the Chicago […]
In Washington, the 112th Congress adjourned without renewing the $0.45 VEETC tax credit for blenders of corn ethanol and the $0.54 per gallon tariff on imported ethanol. “With Congress in recess, there are no opportunities for further attempts to prolong the tax credit or the tariff, so we can confidently say these support mechanisms will […]
In Washington, 73 House members from both parties have sent a letter to House Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) asking them to “allow ethanol subsidies set to expire to do just that and to resist calls to expand or create new ethanol subsidies in the eleventh hour.” “Congress anticipated the […]
In Washington, 73 House members from both parties have sent a letter to House Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) asking them to “allow ethanol subsidies set to expire to do just that and to resist calls to expand or create new ethanol subsidies in the eleventh hour.” “Congress anticipated the […]
In Iowa, POET’s CEO Jeff Broin says that the ethanol industry is efficient enough to survive the loss of the VEETC blending credit. When the credit goes away, he expects prices at the pump to increase about 4 cents per gallon. Where support is still needed, he says, is in the blending mandates through the […]
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 […]
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. […]
