Electric Vehicles Are as Inevitable as … Cellulosic Biofuels
Americans are increasingly hearing the “I” word when it comes to electric vehicles inevitability. Proponents insist that they make too much sense for consumers and the planet for it to be any other way. They add that the technology is already here and will only get better and cheaper over time, especially if properly incentivized by government mandates, subsidies, or both. And, as for those less enthusiastic about the future of electric vehicles and opposed to market interventions like CEI we are told that the critics cannot possibly have any legitimate doubts because there are none and that they are merely part of a big oil conspiracy to kill off the competition for gasoline.
Pierre, SD, USA / DRGNews
Feb 3, 2021 2:27 PM
Biofuel groups last week filed a court brief challenging the Environmental Protection Agency’s failure to properly establish 2020 biofuel blending targets under the Renewable Fuel Standard. In their brief, the parties seek to ensure that the annual biofuel targets, or Renewable Volume Obligations, account for small refinery exemptions the agency issued for past years. EPA’s current regulations factor in only future SREs, while ignoring biofuel demand destroyed by past SREs granted retroactively, totaling more than four billion gallons in recent years. Growth Energy CEO Emily Skor stated, “The Trump EPA’s 2020 biofuel targets failed to account for the billions of gallons of demand lost to the agency’s mismanagement of the Renewable Fuel Standard.” Growth Energy and others also challenge EPA’s abuse of its waiver authority for cellulosic biofuel targets. Under the 2020 RVOs, the agency set cellulosic targets that did not acc
Co-Digesting Food Waste With Wastewater Solids To Produce Energy
By Rashi Gupta
Inspired in part by California’s Senate Bill 1383, which was enacted to reduce organic waste and methane emissions, co-digestion is fulfilling those goals while converting wastewater treatment plants into water resource recovery facilities.
With each passing year, the effects of climate change become harder to ignore. The U.S. West Coast has borne the brunt of many such effects: Scientists continue to connect drier, windier, and warmer climates to the ever-increasing number of wildfires observed, especially in California. In the past year alone, the state experienced over 9,200 wildfire events that ravaged close to 4.2 million acres of land 26 times the total acreage burned in 2019 prompting Governor Gavin Newsom to describe the devastation as a “climate damn emergency.”
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A federal appeals court on Thursday put on hold three biofuel waivers President Donald Trump’s Environmental Protection Agency granted small oil refineries a day before Trump left office.
A unanimous panel of the U.S. Circuit Court of Appeals for the D.C. Circuit ordered an administrative stay of EPA’s Jan. 19 decision to grant the waivers after ethanol trade association the Renewable Fuels Association (RFA) said in a lawsuit and emergency motion for a stay that exempting the refineries from fulfilling Renewable Fuel Standard (RFS) program obligations would harm the ethanol industry by suddenly depressing the mostly corn-based fuel’s prices.
Reported fourth-quarter income of $192 million, or $0.29 per diluted share, which includes net pre-tax benefits of $851 million; reported adjusted loss of $608 million, or ($0.94) per diluted share
$21 billion Speedway sale targeted to close by end of first quarter; reiterating commitment to use proceeds to strengthen the balance sheet and return capital to shareholders
Advancing renewable fuels portfolio; Dickinson is 2nd largest renewable diesel facility in the US and progressing Martinez strategic repositioning
Continuing focus on lowering cost structure
Announced 2021 MPC standalone capital spending outlook of $1.4 billion, a reduction of $350 million from 2020
Marathon Petroleum Corp. (NYSE: MPC) today reported net income of $192 million, or $0.29 per diluted share, for the fourth quarter of 2020, compared with net income of $443 million, or $0.68 per diluted share, for the fourth quarter of 2019.