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February 22, 2013
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The News Source for the Ethanol Industry

  Top Story 
  • Oil, food groups ask Supreme Court to block E15 rollout
    Groups representing the oil and food industries petitioned the Supreme Court on Thursday to reverse a lower court's ruling that sided with the Environmental Protection Agency's decision to allow the use of E15 in vehicles model year 2001 and later. "We now know why gas prices keep going up and up -- to fund unnecessary Big Oil lawsuits to protect their monopoly on the fuel market," said Bob Dinneen, president and CEO of the Renewable Fuels Association. "I wonder if food prices will spike as well to cover the cost of this Supreme Court challenge?" The Hill/RegWatch blog (2/21), DomesticFuel.com (2/21), Reuters (2/21) LinkedInFacebookTwitterEmail this Story
  Market Update 
  • CBOT corn, NYMEX oil, ethanol futures retreat
    March corn settled at $6.9075 per bushel Thursday, down 9.75 cents, on the Chicago Board of Trade. Light sweet crude for April delivery shed $2.38 to close at $92.84 per barrel on the New York Mercantile Exchange. March denatured ethanol dropped 1.5 cents to end at $2.35 per gallon on the CBOT. Bloomberg Businessweek (2/21), MarketWatch (2/21) LinkedInFacebookTwitterEmail this Story
  • Dinneen: Ethanol exerts downward pressure on gasoline prices
    The national average retail price of gasoline, which has soared by 13% since Jan. 17, would be much higher if not for ethanol, writes Bob Dinneen, president and CEO of the Renewable Fuels Association. Ethanol helps American motorists save money by displacing imported petroleum products that have become more costly due to civil unrest in the Middle East and excessive speculation in the futures market, Dinneen states. Thanks in part to ethanol, U.S. demand for imported fossil fuels has shrunk from 60% of the total fuel supply in 2005 to 41% in 2012, Dinneen points out. EthanolRFA.org/The E-Xchange blog (2/21) LinkedInFacebookTwitterEmail this Story
  • Price of ethanol RINs on the upswing, trader says
    The price of ethanol renewable identification numbers rose Thursday by 38% because of concerns that shrinking fuel demand and declining ethanol output will make it difficult to comply with the Renewable Fuel Standard, according to ethanol trader Starfuels. Blenders probably used 300 million of the 2.6 billion RINs available at the start of 2012 to comply with RFS targets last year, said Geoff Cooper, vice president for research and analysis at the Renewable Fuels Association. Demand for ethanol RINs could rise further this year as domestic output wanes because of the drought-induced spike in corn prices, Cooper noted. Bloomberg Businessweek (2/21) LinkedInFacebookTwitterEmail this Story
  • Lower corn prices are seen as USDA expects bumper crop this year
    This year's corn crop could reach 14.35 billion bushels, up 35% from last year, paving the way for prices of the grain to drop to pre-2012 levels, according to a Department of Agriculture report issued Thursday. Such a harvest would pull down the nationwide average price of corn for the 2013-2014 marketing year to $4.80 per bushel, said USDA chief economist Joseph Glauber. Reuters (2/21) LinkedInFacebookTwitterEmail this Story
  Technology & Trends 
  • N.D. researchers tout biofuel potential of energy beets
    Scientists at Northern Great Plains Research Laboratory in North Dakota say trials have shown energy beets grown on an acre of non-irrigated land doubles the amount of ethanol produced by corn on a comparable basis, and that figure increases on irrigated land. BeetsAll Biofuel, a partner in the project, aims to develop 16 energy beet processing facilities in North Dakota, with the first due to break ground in 2015, a company representative said. The Bismarck Tribune (N.D.) (2/21) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Vilsack: Ethanol, RFS are vital for farm sector
    Agriculture Secretary Tom Vilsack urged the agricultural sector to defend homegrown ethanol and the Renewable Fuel Standard against attacks by oil-producing states and their allies. "This is an important industry to agriculture. It's an important industry to consumers of this country because you absolutely pay less at the pump because we have a healthy renewable fuels industry," he said, adding that the RFS is "the linchpin" of a thriving biofuel industry. Nebraska Radio Network (2/21) LinkedInFacebookTwitterEmail this Story
  Global Agenda 
  • EU energy ministers to debate proposed change to biofuel policy
    EU energy ministers today are expected to debate a proposal that would cap the use of crop-based biofuels that are thought to have an adverse impact on food supplies or worsen carbon emissions through indirect land-use change. Some member states want the EU to tighten the rules on crop-based biofuels linked to ILUC, but central and eastern European countries say ILUC has no place in biofuel policy, a sentiment echoed by the biofuel industry, which points out that ILUC has no solid scientific basis. European Voice (Brussels) (free registration) (2/21) LinkedInFacebookTwitterEmail this Story
  • Report: U.K. consumption of wheat ethanol soared in 2010-11
    The U.K. consumed 18 million gallons of domestically made sugar-beet-based ethanol in the 2010-2011 period, up from 16.6 million gallons in 2009-2010 and 10.9 million gallons in 2008-2009, according to data from the U.K. Department for Environment, Food and Rural Affairs. Consumption of domestically produced wheat-based ethanol topped 31.6 million gallons in 2010-2011, up from about 238,000 gallons in 2009-2010 and zero in 2008-2009, the agency said. EthanolProducer.com (2/20) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
You can do anything in this world if you are prepared to take the consequences."
--W. Somerset Maugham,
British writer


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