Domestic advanced biofuels makers want Congress to extend industry tax breaks that expire at the end of the month, though they may have to wait until lawmakers return to work in January to see any possible action.
With the House expected to wrap up work for the year by Friday, there is little time left for Congress to agree on a tax extensions bill. Still, more than sixty companies and trade groups appealed to the heads of the House and Senate tax writing committees to push for the breaks for next-generation biofuels before going home for the holidays.
Industry and state government experts say the Environmental Protection Agency's proposed cut to blending levels in next year's Renewable Fuel Standard could result in the closure of as many as 20 ethanol plants in the Midwest, the Lincoln Journal Star reports.
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.
Energy Department Loan Program Executive Director Peter Davidson said the agency would announce up to $8 billion in new loan guarantees for fossil-fuel projects that use technology to reduce carbon dioxide emissions, Platts reports.
Uncertainty over the extension of the wind production tax credit has slowed the development of new wind-generating capacity, as producers aim to ink contracts by the year's end rather than get turbines in operation, National Journal reports.
Earthjustice filed a lawsuit against the Environmental Protection Agency over its approval of the pesticide sulfoxaflor, saying the chemical is highly toxic to bees and other pollinators, The Hill reports.
Mexican Senate committees backed draft legislation that would open the country's oil markets to outside investment, moving the package proposed by President Enrique Pena Nieto to the Senate floor for approval, Reuters reports.
China's National Development and Reform Commission released its first blueprint for responding to climate change, including better natural disaster warning systems, sustainable agriculture and conservation efforts, The Wall Street Journal reports.
Under a draft energy plan, South Korea plans to cut its reliance on nuclear power to 29 percent of its energy mix by 2035 due in part to public scrutiny of nuclear power after the Fukushima disaster in Japan and recent safety scandals, Bloomberg reports.
The European Union is expected to approve a plan to help repair the bloc's struggling carbon emissions market by delaying the release of new permits to create scarcity in the market, The Wall Street Journal reports.
Officials from Israel, Jordan and the Palestinian Authority approved an agreement to cooperate on developing new water sources for the three and join forces on protecting the Dead Sea, the Los Angeles Times reports.