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.
Finding solar imports from China and Taiwan were being sold too cheaply on the U.S. market, the Commerce Department has imposed a new round of duties, more than doubling for some Chinese products while Taiwanese producers face having to pay an extra 44 percent, Reuters reports.
The proposed Environmental Protection Agency rule limiting carbon emissions from power plants includes an incentive for development of regional systems for carbon trading, and top air regulators from Western states held a closed-door meeting last week to discuss the idea, Bloomberg reports.
A district court has rejected a ban on fracking imposed by the city of Longmont, in a ruling celebrated by the Colorado Oil and Gas Association, but a coalition of environmental groups says it will appeal, E&E reports.
Pemex said it lost more than $4 billion in the second quarter on higher costs and taxes, despite an increase in revenue, Reuters reports, noting that the Mexican state-run oil company anticipates 2014 will see its lowest output in more than 20 years.
Representatives from the Forest Service and the Bureau of Land Management were not invited to a House Natural Resources Subcommittee hearing Thursday where complaints were aired about their “bullying” tactics across the West, most recently in New Mexico, where ranchers charge their water rights are being violated by moves to erect fences to protect the habitat of the meadow jumping mouse, E&E reports.
At the current rate of work, it would take 30 years to repair and replace utilities’ aging natural gas pipelines around the country, but compressing that to 10 years would create more than 300,000 jobs and slash methane emissions, according to a report from the BlueGreen Alliance, FuelFix reports.
The U.S. produced more than 149 million gallons of biomass-based diesel in June, up more than 4 million from May, and the six month level was more than 70 million higher compared to last year, according to Environmental Protection Agency data, although average monthly production was down following the expiration of a tax credit at the end of December, Platts reports.
Ontario-based Algonquin Power & Utilities, following a rejection of its bids for Gas Natural, has written to the board warning that it will present its case to the company’s shareholders, Gannett’s Great Falls Tribune reports.