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January 3, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • RFA applauds extension of biofuel tax incentives
    The bill signed into law by President Barack Obama to avert the "fiscal cliff" includes an extension of several tax incentives for the biofuels industry. The measure provides a one-year extension of the special allowance for cellulosic biofuel plant property, the tax credit for alternative fuel vehicle refueling property and the cellulosic biofuel producer tax credit, and expands the list of cellulosic feedstocks to include algae. "The one year extension of the cellulosic producer tax credit and accelerated depreciation provides some measure of certainty to ensure that 2013 will be a year of growth and milestones for the advanced ethanol industry," said Bob Dinneen, president and CEO of the Renewable Fuels Association, in a statement. (1/2), (1/2), (U.K.) (1/2), (1/2) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, ethanol post losses; NYMEX oil advances
    March corn settled at $6.9075 per bushel Wednesday, down 7.5 cents, on the Chicago Board of Trade. February light sweet crude gained $1.30 to close at $93.12 a barrel on the New York Mercantile Exchange. January denatured ethanol shed 1.1 cents to end at $2.179 a gallon on the CBOT. Bloomberg (1/2), MarketWatch (1/2) LinkedInFacebookTwitterEmail this Story
  • Gevo's shares climb after unveiling of $15M buyback program
    Share prices of Gevo rose the most in six months after the company unveiled a plan to buy back as much as $15 million of its stock. The buyback plan sends a "very positive signal" that Gevo is making progress in its efforts to restart isobutanol production at its plant in Luverne, Minn., said Pavel Molchanov, an analyst for Raymond James & Associates. Bloomberg Businessweek (1/2) LinkedInFacebookTwitterEmail this Story
  • Another filling station in Iowa starts selling E15
    The Fredericksburg Farmers Co-op in northeastern Iowa is now offering E15 to non-flex-fuel vehicles, becoming the second retailer after Linn Co-op Oil in Marion to offer the blend in the state. Using homegrown ethanol benefits motorists and farmers alike, said Steve Neuendorf, the co-op's petroleum manager. It's good for the Environmental Protection Agency to "get the ball rolling again for E15 in Iowa," said Monte Shaw, executive director of the Iowa Renewable Fuels Association. Brownfield (1/2) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • AEC praises renewal of biofuel-related tax incentives
    The Advanced Ethanol Council welcomed the passage of the American Taxpayer Relief Act of 2012, which includes one-year extensions for a slew of biofuel-related tax incentives. "The one-year extension will allow those projects coming online to continue development while Congress acts more broadly to reform the U.S. tax code to allow new players in the energy space to compete on a level playing field with oil and gas," said AEC Executive Director Brooke Coleman. (1/2) LinkedInFacebookTwitterEmail this Story
  • Groups lament defunding of farm bill's energy programs
    The Agriculture Energy Coalition and other groups are disappointed that Congress stripped at the last minute from the "fiscal cliff" deal all mandatory funding for energy title programs under the farm bill. "The programs have lived, but they don't have money," said Lloyd Ritter, co-director of the coalition. "We've lost a major component, at least temporarily, to help continue to build out the domestic biofuels industry," he said. (1/2) LinkedInFacebookTwitterEmail this Story
  • Oil industry group seeks waiver of 2012 cellulosic biofuel target
    The American Fuel & Petrochemical Manufacturers has filed a petition in federal court asking the Environmental Protection Agency to repeal the 2012 cellulosic biofuel target under the Renewable Fuel Standard, citing low domestic supply. A federal appeals court last month dismissed a similar petition by the group regarding the 2011 target. (1/2) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • BP Biofuels to invest $345M in Brazilian biorefinery
    BP Biofuels is planning to invest up to $345 million to improve the capacity of the Usina Tropical biorefinery in the Brazilian state of Goias. The investment is expected to create up to 7,600 jobs, boost the facility's yearly ethanol output to 132 million gallons and generate 340 gigawatt hours of surplus power that will be sold to the national grid. (U.K.) (1/2) LinkedInFacebookTwitterEmail this Story
  RFA & Member News 
  • NEC Speakers Announced; Registration Deadlines Approaching
    Prominent industry leaders and experts have been confirmed to speak at the 18th annual National Ethanol Conference, addressing the most pressing issues affecting the ethanol industry. View the latest agenda and learn who will be presenting vital ethanol information at this highly visible industry event. Conference session highlights include: perspectives on the future of the RFS, expanding renewable fuels globally, coproduct considerations, tax policies critical to the future of the industry, future fuels and higher octane, and a panel discussion on E15. View a list of registered attendees to date.

    Don't miss this opportunity. Register for the National Ethanol Conference and book your hotel reservation before Jan. 19 and save $100 on the registration fee.

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