The Obama administration on Friday awarded $210 million to three companies to build refineries that will be able to make more than 100 million gallons a year of biofuels to power Navy ships and jets.
The awards come some three years into President Barack Obama's initiative to develop a domestic military-grade biofuels sector. It follows the testing of biofuels by the Navy in a live exercise in 2012.
Navigant Research said in a report that marine and aviation industries have been expanding their use of biofuels in recent years and projected that biofuels will make up 6.1 percent of the aviation fuel market by 2024, FuelFix reports.
NEW YORK (AP) — The price of corn fell to its lowest in almost four years on Monday as favorable weather conditions for the crop persist in the Midwest.
Corn for delivery in September fell 9 cents, or 2.2 percent, to $4.06 a bushel, its lowest price since August 2010. As recently as April 29, corn was trading at $5.22.
The price of corn has slumped in the last two months as the right combination of sun, rain and moderate summer temperatures has boosted the chances of a record crop this year. U.S. corn is currently entering its pollination stage, a critical point of its development.
Environmental Protection Agency Administrator Gina McCarthy on Wednesday said there is still no target date to issue final Renewable Fuel Standard biofuels requirements for 2014.
"I'm hoping to get that out soon," she said when asked about the status of the 2014 RFS proposal. "I know that people are concerned about it. I also know that there was a ton of comment on our proposal and we need to get this right," McCarthy added.
The EPA's decision to extend its deadline for refiners to meet 2013 Renewable Fuel Standard requirements will delay the agency's rule for 2014 levels until late summer, a development that could help Rep. Bruce Braley, D-Iowa, in his bid for the Senate, E&E reports.
The Obama administration's proposal for biodiesel fuel use in 2014 will be "disastrous" for the industry if it goes into effect, the Senate's second-ranking Democrat said Wednesday, calling on regulators to reverse course in the name of jobs.
Sen. Dick Durbin of Illinois, the chamber's majority whip, joined other senators to renew pressure on the White House and the Environmental Protection Agency to raise biofuels mandates under the Renewable Fuel Standard when it finalizes 2014 levels next month.
The Environmental Protection Agency on Tuesday rolled back its mandated use of non-corn cellulosic biofuel in gasoline to under 1 million gallons, a fraction of the levels it previously finalized for 2013 under the Renewable Fuel Standard.
Last August, the EPA set the amount at 6 million gallons before agreeing to reconsider the target at the behest of the American Petroleum Institute and the American Fuel and Petrochemicals Manufacturers. Administrator Gina McCarthy revised the requirement to 810,185 ethanol-equivalent gallons in light of lower-than-expected production last year.
The availability of 85 percent ethanol for use in cars that can take the biofuel blend has grown rapidly over the past six years, notably outside the industry's traditional base in the Midwest, the Energy Information Administration reported Friday.
EIA said about 2 percent of all gas stations sold the blend, known as E85, by the end of last year. That's more than double the number of retail outlets since the first state data was gathered in 2007, although growth has slowed in the past two years.
The fuel can be used in about 5 percent of U.S. vehicles.
The five-year farm bill signed by President Obama today won the praise of the Biotechnology Industry Organization, which said the bill benefits the industry by defining renewable biochemicals, Domestic Fuel reports.
Six major energy companies – including Houston-based Southwestern Energy Co. and Norwegian giant Statoil – have agreed to monitor and disclose their methane emissions under a new United Nations framework, The Wall Street Journal reports ahead of the official announcement Tuesday.
The Defense Nuclear Facilities Safety Board, in a recommendation to Energy Secretary Ernest Moniz that will be published in the Federal Register Tuesday, says there must be an improvement in emergency preparedness regulations and guidelines to ensure that weapons sites will be better able to cope with potential disasters, including earthquakes and wildfires, The Hill reports.
An official’s pessimistic view of China’s economic growth gave a further downward push to oil prices Monday. The expiring October contract for West Texas Intermediate crude dropped 89 cents to $91.52 a barrel on the Nymex, the lowest close since May, 2013, while in London November Brent shed 1.4 percent to settle $1.42 lower at $96.97, Bloomberg reports.
Production at the Sharara oil field, Libya’s largest -- which had been shut last week because of shelling near a connected refinery -- resumed Monday although at a fraction of its full capacity, an official with National Oil Co. told The Wall Street Journal.
Temperatures this coming winter should be milder than they were during last winter’s deep freeze, but natural gas prices may be higher as industries and electricity generators use more gas, according to American Gas Association vice president Chris McGill, Platts reports.
The company behind the Jordan Cove LNG export facility – Canada’s Veresen Inc – is paying $1.43 billion to take a half interest in the Ruby pipeline system that would bring natural gas from Wyoming to Oregon, Reuters reports.
Although thousands will flock to Art and Helen Tanderup’s farm for a concert against the Keystone XL pipeline in Nebraska on Saturday, many of the residents in the nearby town of Neligh will stay away, The Omaha World-Herald reports.
In an interview with Diane Rehm on NPR affiliate WAMU, Google CEO Eric Schmidt said the tech giant would leave the American Legislative Exchange Council because of the group’s position on climate change and environmental issues, National Journal reports.
According to a filing with the Federal Election Commission, activist Tom Steyer contributed $15 million to his NextGen Climate PAC in August, while the group raised only $3,550 from other sources, The Hill reports.