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Weekly ethanol numbers show production remains below a year ago levels | NEWSRADIO 1040 WHO

Weekly ethanol numbers show production remains below a year ago levels | NEWSRADIO 1040 WHO
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Legislative Moves to Boost Biofuels

Legislation introduced in the U.S. Senate would boost infrastructure for selling biofuels and also change EPA labeling demands for E15. A bill in the Iowa Statehouse would also boost E15 sales in that state as well.

Ag Policy Blog Working on the Night Moves: Cruz RINs Cap Plan Struck Down in Wee Hours Friday – Advanced BioFuels USA

by Todd Neeley (DTN Progressive Farmer) The Senate rejected an attempt by Sen. Ted Cruz, R-Texas, to cap the price of renewable identification numbers, or RINs, at 10 cents, as part of a proposed amendment to the COVID-19 stimulus bill, in the wee hours of the morning on Friday. RINs are generated in the Renewable Fuel Standard when a qualified renewable fuel is either produced or imported. RINs then are bought within the refinery industry by companies that are not producing or buying enough renewable fuels to meet their blend volumes under the RFS. There are several nested categories for RINs depending upon the renewable such as corn ethanol or biodiesel which do have different values. D6 is considered the baseline RIN.

Despite Pandemic and Trade Barriers, U S Ethanol Exports Top 1 3 Billion Gallons in 2020

Legislators look to expand availability of higher biofuel blends

Photo courtesy of Growth Energy Iowa governor introduces bill to set E15 standard by 2025 and bipartisan Senate bill expands renewable fuel infrastructure. Iowa Gov. Kim Reynolds has introduced a bill to set a minimum standard of biofuels in the Iowa fuel supply. Meanwhile, legislators at the national level are also working to streamline regulatory requirements for higher ethanol blends. In Iowa, HSB 185 proposed by Reynolds, creates more opportunities and markets within Iowa for corn-based ethanol including significant funding for biofuels infrastructure, as well as an E10 standard. The bill introduced in the Iowa state legislature would move the state to overall higher biofuel blends, including offering E15 statewide by 2025 and updating the E15 promotion tax credit to $0.03 per gallon year-round. It is estimated that over the first five years, the legislation would increase ethanol demand by over 117 million gallons.

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