The Trump administration on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next two years, driven by a surge in biomass-based diesel mandates.
Stories by Stephanie Kelly
Largest U.S. biofuels producer pledges carbon neutrality by 2050
NEW YORK, Sept 15 (Reuters) – POET, the largest biofuels producer in the United States, said on Wednesday it is committed to achieving net-zero carbon emissions at its bioprocessing facilities by 2050, making it the latest company to pledge to reduce its carbon footprint to fight climate change. The Sioux Falls, South Dakota-based company also […] Read more
U.S. biofuel group says ethanol industry sharply cutting production
(Reuters) – Many U.S. ethanol plants have slashed production over the past week or idled entirely as the coronavirus outbreak cut into fuel consumption and cratered margins to refine the corn-based fuel, the head of a biofuel trade group said on Thursday. Renewable Fuels Association Chief Executive Geoff Cooper said on a conference call he expects […] Read more
USDA to boost funds for biofuel infrastructure
NEW YORK, (Reuters) – The U.S. Agriculture Department will make available up to $100 million in grants to expand the infrastructure needed to sell more ethanol, biodiesel and other renewable fuels, the agency announced on Friday. Last year the Trump administration, seeking to win over farmers, lifted restrictions on the sale of gasoline containing up […] Read more
USDA waiting to hear from China if coronavirus will reduce U.S. farm purchases
(Reuters) – China has not informed the United States of any delays or reductions of its planned purchases of U.S. agricultural goods under the Phase 1 trade deal due to the outbreak of coronavirus, U.S. Department of Agriculture Under Secretary of Trade Ted McKinney said on Wednesday. “We have not received any formal notification of […] Read more
Hanging by its fingernails’: U.S. biodiesel industry struggles without subsidy
NEW YORK, (Reuters) – When John Whittington shut his Morristown, Indiana, biodiesel plant this week, he knew the move would leave all 14 of his workers there looking for jobs heading into the U.S. holiday season. But he felt he had no choice. A $1-per-gallon subsidy that had been propping up the industry since 2005 […] Read more
Biofuel plan faces backlash by U.S. ag groups
NEW YORK, (Reuters) – U.S. agricultural trade groups on Friday told the Trump administration a proposed biofuel reform package falls short of expectations, four sources familiar with discussions said, complicating plans the administration had for presenting the proposal to President Donald Trump. Trump was expected to meet with Environmental Protection Agency and Department of Agriculture officials on […] Read more
