As industry and politicians await this year's final ethanol mandate from the Environmental Protection Agency, the oil industry hopes to get a lower total out of the Obama administration with a long shot pitch that consumers want gasoline free from biofuels.
The American Petroleum Institute has asked EPA to consider an apparent increase in sales of unleaded gasoline with no ethanol. It has said those sales of so-called E0 should prompt a lower Renewable Fuel Standard requirement, below the 13.1 billion gallons of conventional ethanol it proposed last fall.
But the argument is running up against lobbying by the ethanol industry, which wants the totals raised, and EPA itself, and its success would be a surprise.
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.
Dominion Resources has filed papers with the Federal Energy Regulatory Commission, asking for a start to the review process for the proposed 550-mile natural gas Atlantic Coast Pipeline, The Associated Press reports.
Federal agencies have reduced their greenhouse gas emissions 17 percent compared to levels in 2008, according to the White House Council on Environmental Quality, but they also remain vulnerable to the effects of climate change in different ways, National Journal reports.
As part of their fight to become the top-ranking Democrat on the House Energy and Commerce Committee, Rep. Frank Pallone of New Jersey and Rep Anna Eshoo of California have raised and distributed more than $1.2 million to their colleagues during this election cycle, National Journal reports.
Scientists at the National Institute of Standards and Technology and the National Oceanic and Atmospheric Administration are working on a technique using lasers that would more accurately measure greenhouse gas concentrations, E&E reports.
News of production increases in the U.S. and among OPEC members weighed on oil prices Friday. West Texas Intermediate crude for December delivery finished the Nymex session down 58 cents to $80.54 a barrel, a drop of 12 percent over the whole of October, while in London Brent lost 38 cents to settle at $85.86, Bloomberg reports.
Increased demand is leading SolarWorld Americas to spend $10 million expanding its solar modules plant, and the company announced it will be hiring 200 additional workers as well, The New York Times reports.
To encourage the development of advanced nuclear reactors – anticipated to be more efficient – the Department of Energy is spending $13 million to help major companies including AREVA, GE Hitachi and Westinghouse in their research of the technology, The Hill reports.