Partisans on both sides of the Renewable Fuel Standard traded barbs Wednesday in advance of what should be a contentious Environmental Protection Agency hearing on the biofuels mandate.
In a day of dueling news conferences, trade and interest groups laid out the arguments they plan to make to EPA at a hearing Thursday on its first-ever proposal to roll back required blending of biofuels in gasoline.
Iowa Gov. Terry Branstad, a Republican, launched a privately funded website supporting the Renewable Fuel Standard that features a petition against the Environmental Protection Agency's proposal to cut ethanol blending targets in next year's RFS, the Des Moines Register reports.
The Environmental Protection Agency is already taking considerable heat from biofuels makers for proposing last Friday to cut the use of ethanol in transportation fuels.
Yet gasoline refiners will argue to EPA Administrator Gina McCarthy that she should ratchet back the Renewable Fuel Standard even further, according to American Fuel and Petrochemical Manufacturers President Charles T. Drevna.
He tells EnergyGuardian that EPA should reduce its proposal for corn-based ethanol to meet about 9.8 percent of expected gasoline demand next year. His membership wants to see that share cut a bit more to allow for variability in gasoline and diesel demand, a call that runs headlong into lobbying by biofuels groups who want the total raised, not lowered.
"We believe they have to take into account more market liquidity, and if they miss on the high side, in other words that 9.8 (percent) is too high, we're right back where we were in the spring and summer of 2013," Drevna said in a newsmaker interview.
While the Obama administration's proposal to scale back Renewable Fuel Standard ethanol blending levels next year will likely hurt the corn ethanol industry, its wider impact will be felt among cellulosic biofuels firms that would face new obstacles in entering the market, Politico reports.
Two sources say the Environmental Protection Agency will require a higher quota for advanced biofuel production in 2014 than the 2.21 billion gallons described in a draft plan leaked in August, Bloomberg reports.
NEW YORK (AP) — The first trickle of fuels made from agricultural waste is finally winding its way into the nation's energy supply, after years of broken promises and hype promoting a next-generation fuel source cleaner than oil.
President Barack Obama has called corn-based ethanol "the most successful alternative fuel we have ever developed." Billed as a green replacement for billions of gallons of gasoline, ethanol has enjoyed widespread political support. But the results of America's ethanol policy have not been as green as advertised.
Corn Belt states have seen a sizable jump in the amount of land dedicated to corn. This boom has been fueled in part by a federal law requiring oil companies to add corn-based ethanol to the gasoline supply.
Here's a look at the change, in acreage planted to corn, in major corn states since 2006, the year before the ethanol mandate took effect.
The head of a key gasoline refiners trade group on Friday characterized as "blatant lies" statements by the biofuels lobby that a rollback of the federal ethanol mandate will raise gasoline prices and bring a windfall to oil companies.
"Recent statements by the biofuel industry are irresponsible at best, and I would even consider it to be blatant lies, and I cannot let them go unchallenged," American Fuel and Petrochemical Manufacturers President Charles T. Drevna told reporters on a teleconference.
Power generated by the planned Hancock Wind project in Maine will be sold to Burlington Electric Department in Vermont, according to a deal announced Friday by wind farm operator First Wind, the Boston Globe reports.
Virginia's has moved closer to its goal of setting up a research turbine on the Outer Continental Shelf off the state's coast to gather wind data, now that BOEM has found no competing interests in the area, Newsplex.com reports.
ConocoPhillips said Friday it will set aside more than half of its $16.7 billion budget next year for North American shale projects, adding that it expects to hit its production target of 1,600 barrels a day, Reuters reports.
Cheniere's soaring share price hit a new record high Thursday and then again on Friday, following news of a deal to supply natural gas to Indonesia from a Corpus Christi facility that's still in the planning stages, according to Fuelfix.
Solaria has filed suit against a federal agency, seeking nearly $30 million after the Overseas Private Investment Corp. walked away from a deal with the California solar firm despite signing a commitment letter offering financing.
U.S. oil prices will remain relatively low and demand will increase, according to a Goldman Sachs analyst, who predicts the commodity cycle dominated by strong demand from China and India will turn "upside down," Reuters reports.
A Colorado State University professor says the oil and gas industry has helped the state recover from the recession, according to the Reporter-Herald, though not without social and environmental costs.