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Balanced Reporting. Trusted Insights.
Monday, June 05, 2023
House Republicans will try to pass a plan to raise the debt ceiling that would cut domestic spending, expand SNAP work requirements and gut the biofuel and clean energy tax incentives that are the centerpiece of President Joe Biden climate policy.
States on the East and West coasts are crafting policies to require higher biofuel blends in place of petroleum diesel, a step that renewable and biodiesel producers believe will continue to drive growth for their products.
The Agriculture Department left most of its crop production and usage estimates unchanged in its latest World Agricultural Supply and Demand Estimates released Friday, matching trader expectations ahead of the report.
A consent decree between the Environmental Protection Agency and biofuel trade association Growth Energy has been modified to give the Biden administration until the end of November to finalize its proposal for upcoming renewable fuels blending requirements.
USDA will begin accepting applications for $100 million in grants to fund transportation fueling and fuel distribution facilities for higher blends of ethanol and biodiesel.
The Democratic-controlled Senate on Sunday passed an historic package of financial incentives for cutting U.S. greenhouse gas emissions, including a dramatic increase in farm bill conservation programs aimed at spurring farmers to adopt climate-related farming practices.
Iowa Governor Kim Reynolds signed legislation Tuesday that biofuels supporters say will expand access to E15 and other options with higher blends of biofuels.
Renewable fuel producers are worried they'll lose their ability to generate Renewable Identification Numbers under the Renewable Fuel Standard, thanks to a forthcoming Environmental Protection Agency rule requiring them to provide the addresses of every restaurant that supplies them with used cooking oil.
Chevron is buying Renewable Energy Group in a $3.15 billion deal that will give the oil refining giant control of the largest U.S. producer of biomass-based diesel.
