“As you know, biofuels are an integral part of sound environmental policy that serves to keep and create home-grown jobs, and generates demand for American farmers,” said the members. “A recent report found that greenhouse gas emissions from corn ethanol are 46% lower than gasoline. The role of biofuels provides a compelling story that must be utilized to achieve carbon emission reduction goals. Biofuels producers need to be included in any climate conversation, and rural America must not be left behind.”
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by Ron Kotrba (Bio-Based Diesel Daily) Canada’s largest agribusiness, Richardson International Ltd., is doubling canola crush capacity at its processing facility in Yorkton, Saskatchewan. In addition to doubling capacity to 2.2 million metric tons, the company said it will optimize operational efficiencies and modernize the plant to meet growing demand. Construction will begin immediately and is expected to be complete by early 2024.
Renewable diesel projects recently announced in Canada leveraging canola oil as feedstock, including standalone and coprocessing projects by Tidewater Midstream and Infrastructure Ltd. and a proposed facility in southern Saskatchewan by Covenant Energy, add to the growing momentum of similar projects across the globe. Renewable diesel development in the U.S. is reminiscent of the biodiesel project boom of the mid- to late 2000s, but on a much grander scale, creating familiar concerns over feedstock availability and price increases.
iStock: peshkov The U.S. economy could grow at its fastest rate 7% in nearly four decades, with the farm sector sharing in the energetic recovery from the pandemic, said CoBank on Thursday. “Many in the agricultural industry are experiencing the best market conditions since 2013,” said the lender in a quarterly assessment of the sector. “Prices are hovering near multiyear highs as strong exports and dwindling supplies have solidified a healthy outlook for much of the farm economy,” said CoBank, based in Denver. “Consensus forecasts point to 7% GDP growth for 2021, the fastest rate of expansion since 1984.” The USDA has forecast record ag exports of $157 billion this year, up 16% from 2020, as the world awakens with an appetite for food from the economic recession that accompanied the pandemic. U.S. farm income is expected to be 20% higher than its 10-year average, with producers pocketing more revenue from crops and livestock and relying less on federal p
by Jacqui Fatka (Farm Progress) Bipartisan members urge Administrator Regan to maximize benefits of RFS. The bipartisan Congressional Biofuels Caucus extended an invitation to meet with EPA Administrator Michael Regan to discuss the Renewable Fuel Standard and other biofuels priorities.
In a letter to Regan, the members urged the administrator to maximize the benefits of the RFS, particularly given the statutory shift that requires the agency to determine Renewable Volumes Obligations starting in 2023 with consultation with the secretary of energy and secretary of agriculture.
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“The role of biofuels provides a compelling story that must be utilized to achieve carbon emission reduction goals. Biofuels producers need to be included in any climate conversation, and rural America must not be left behind,” the legislators add.