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February 5, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Energy Dept. study shows RFS is good policy
    A study by researchers at the Department of Energy's Oak Ridge National Laboratory shows that the Renewable Fuel Standard puts downward pressure on crude oil prices, tamps down demand for imported petroleum and contributes to the gross domestic product while barely affecting global food supply and land use, according to Renewable Fuels Association President and CEO Bob Dinneen. The RFS' contributions to the economy and energy security will only get bigger once the increased advanced-biofuel targets kick in, Dinneen said. "The bottom line is the RFS is an unrivaled American success story," he added. Hoosier Ag Today (Clermont, Ind.)/NAFB News Service (2/4) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • Nearly one-third of Neb.'s ethanol plants have suspended output
    Seven of the 24 ethanol plants in Nebraska have suspended operations because of the drought-induced spike in corn prices and narrowing margins. However, many of the plants that remain open are operating at capacity to meet demand, said Todd Sneller, administrator of the Nebraska Ethanol Board. Facilities in areas with high demand for distillers dried grains with solubles have a better chance of weathering the downturn, Sneller said. York News-Times (York, Neb.) (2/5) LinkedInFacebookTwitterEmail this Story
  • Study: Speculation trumps ethanol as driver of corn prices
    A study by two analysts at farm cooperative Growmark indicates that market speculators have a bigger impact on corn prices than ethanol production, writes Susanne Retka Schill. The analysts found that ethanol could not be the dominant factor in corn prices because demand from ethanol makers is relatively small, corn prices do not automatically follow changes in ethanol prices, production of distillers dried grains with solubles offsets the ethanol industry's corn intake, and corn-price fluctuations are reflected in other, nonbiofuel-related commodities, Schill notes. Blog (2/4) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • How "lend-lease" could accelerate Pentagon's biofuel push
    Creating a nationwide biomass lend-lease program could speed the development of drop-in biofuels for military use by lowering the cost of feedstocks, Jim Lane writes. Federal lands would be made available to advanced biofuel producers or feedstock suppliers in exchange for affordable drop-in biofuels for the military, Lane writes. (2/4) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • IRS releases FAQ on reinstated biofuel tax credits
    The Internal Revenue Service released frequently asked questions aimed at helping taxpayers take advantage of biofuel tax incentives that were retroactively reinstated by Congress through 2012. Also provided in the FAQ is guidance on the modified language in the extension of the cellulosic biofuel credit. (2/4) LinkedInFacebookTwitterEmail this Story
  • IRFA is hopeful Sen. Harkin's replacement will back biofuels
    Iowa's biofuel and wind power producers are confident that whoever replaces the retiring Sen. Tom Harkin, D-Iowa, will be equally supportive of their industries. The Iowa Renewable Fuels Association will not "take anything for granted," but the group "is positive that whoever takes Sen. Harkin's place will be a strong supporter," said Executive Director Monte Shaw. "Renewable fuels aren't partisan," Shaw said. Politico (Washington, D.C.) (2/4) LinkedInFacebookTwitterEmail this Story
  • Alaska lawmaker takes aim at RFS
    Sen. Lisa Murkowski, R-Alaska, said she is "in good company" in asking for a review of the Renewable Fuel Standard. The oil industry is pushing back against the RFS because it affects profit margins, according to Fuels America, pointing out that oil companies lost more than $46 billion in potential profit in 2011 because of ethanol. A study by the Department of Energy's Oak Ridge National Laboratory confirms that the RFS barely affects global food costs and land use, while reducing oil prices, curbing demand for imported oil and creating jobs, said Bob Dinneen, president and CEO of the Renewable Fuels Association. The Hill/E2 Wire blog (2/4) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • Trader: Sugar price needs to fall to spur more Brazilian ethanol output
    Sugar prices have fallen 39% since 2011, but they may need to decline further to spur Brazil's sugarcane mills to favor ethanol production, said Jonathan Drake, chief operating officer of Singapore-based trading firm RCMA Commodities Asia. The price of sugar might need to drop to 16 cents per pound to trigger the switch to make more ethanol, Drake said. Bloomberg (2/4) LinkedInFacebookTwitterEmail this Story
Failure changes for the better, success for the worse."
--Seneca the Younger,
Roman philosopher, statesman and playwright

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