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New study: Ethanol cuts gas prices by 77 cents per gallon

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By Renewable Fuels Association

February 27, 2023

PolicyBusinessOperationsMarkets

Adding low-cost ethanol to the nation's gasoline supply improves energy security and saves the average American household more than $750 per year, according to a new study conducted by energy economists from the University of California-Berkeley.

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The USDA recently released its Grain Crushings and Co-Products Production report for February, reporting that corn use for fuel ethanol production in December was down from both the previous month and December 2021.

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Yield10 Bioscience Inc., an agricultural bioscience company, on Feb. 21 announced key advancements for enabling weed control for Camelina cultivation and for supporting grower adoption of this crop for the biofuel feedstock oil market.

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On Feb. 2, 2023, the National Customs Service of Ecuador (SENAE) officially ruled in favor of the domestic feed industry's request for a value added tax (VAT) exemption for distillers dried grains with solubles (DDGS).

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RFA: EPA's Triennial Report on RFS needs refinement

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By Renewable Fuels Association

February 24, 2023

The U.S. EPA's Third Triennial Report to Congress on the environmental impacts of the RFS is still a work in progress that needs to be vetted carefully and refined, the RFA noted in comments during a peer review meeting Feb. 24.

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The Nebraska Soybean Board has launched a truck side campaign promoting the use of biodiesel fuel in the state. This effort is aimed at raising awareness about a homegrown market and encouraging Nebraskans to swich to biodiesel.

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USGC staff and Ethanol Advisory Team members traveled to Ottawa, Canada, from Jan. 31 to Feb. 2, 2023, to meet with Canadian government officials and private stakeholders to discuss details related to the Canadian Clean Fuel Regulation.

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U.S. fuel ethanol production was up nearly 2 percent the week ending Feb. 17, according to data released by the U.S. Energy Information Administration on Feb. 23. Weekly ending stocks of fuel ethanol expanded by 1 percent.

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Darling Ingredients Inc. on Feb. 21 announced Panda Restaurant Group Inc. has chosen Darling Ingredients to recycle its used cooking oil into sustainable products, such as cleaner burning renewable diesel and SAF.

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KBR announced Feb. 20 that it has launched SAF technology in alliance with Swedish Biofuels AB, a technology developer and pioneer in cutting-edge research on biofuels. Validation of KBR's technology was performed in conjunction with DARPA.

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CVR Energy Inc. on Feb. 1 completed a transaction to break out its renewables business, according to statements made by CEO David Lamp during a Q4 earnings call held Feb. 22. Lamp also discussed operations at CVR's Oklahoma renewable diesel facility.

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Aemetis Inc. on Feb. 13 released an updated five-year plan that provides insights into the company's plans to generate $2.0 billion of revenues, $496 million of net income, and $682 million adjusted EBITDA in year 2027.

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Pearson Fuels, the country's largest E85 distributor, has opened its 300th retail E85 site. The latest addition to the San Diego-based company's E85 network is located at 8617 Cuyamaca St., Santee, California.

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U.S. biofuels producer POET appears in a new short film produced by BBC StoryWorks, the commercial content division of BBC Global News. The film is part of BBC StoryWorks's new 29-part film series, “Nature's Building Blocks.�

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UNICA, the Brazilian sugarcane industry association, has released data showing that ethanol production was up during the second half of January. Ethanol sales for the full month were up more than 23 percent.

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Rep. Randy Feenstra, R-Iowa, in February reintroduced three bills that aim to support the U.S. biofuels industry by comparing the costs of EV and FFV fleets, supporting R&D for SAF, and supporting the development of biofuel fuel cells.

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Eni Sustainable Mobility and PBF Energy Inc. on Feb. 16 announced they have entered into definitive agreements to partner in a 50-50 joint venture for the biorefinery currently under construction co-located with PBF's Chalmette Refinery in Louisiana.

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Neste and Wizz Air have agreed on the supply of Neste MY Sustainable Aviation Fuel from 2025 onwards. The agreement gives Wizz Air the opportunity to purchase 36,000 tons of Neste-produced SAF per annum over a period of three years.

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Johnson Matthey and bp on Feb. 20 announced that their co-developed, award-winning Fischer Tropsch (FT) CANS technology has been selected by Strategic Biofuels for its Louisiana Green Fuels project in Caldwell Parish, Louisiana.

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Bell Textron has completed its first flight fueled solely by 100 percent sustainable aviation fuel (SAF) with its Bell 505 becoming the first-ever single engine helicopter to fly using 100 percent SAF, according to Neste.

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Chevron Renewable Energy Group is using wind energy to lower the carbon intensity score of the biofuel produced at its facility in Albert Lea, Minnesota. CEEM recently visited the facility to learn more about the project.

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Rep. Randy Feenstra, R-Iowa, in February reintroduced three bills that aim to support the U.S. biofuels industry by comparing the costs of EV and FFV fleets, supporting R&D for SAF, and supporting the development of biofuel fuel cells.

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Aemetis Inc. in Feburary hosted California Department of Food and Agriculture Secretary Karen Ross for a discussion and site tours of the company's renewable biofuel and dairy-based renewable natural gas (RNG) facilities.

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Growth Energy CEO Emily Skor on Feb. 21 issued a statement in response to the latest article from Tyler Lark, who has a long history of neglecting the accepted science behind the climate and environmental benefits of biofuels.

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The use of science-based, consistent and transparent lifecycle analysis methods will be crucially important in implementing the SAF tax credit under the Inflation Reduction Act, the RFA said in comments to the U.S. Department of Treasury.

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The USDA's Economic Research Service on Feb. 7 published a report discussing its analysis of U.S. Energy Information Administration data and predicting possible domestic and global demand for ethanol through 2030.

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The government of Japan on Feb. 1 issued proposed biofuel standards for 2023-2027 that address both ethanol and sustainable aviation fuel (SAF). A public comment period is open through March 2, with the new standards scheduled to take effect April 1.

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A bill introduced in the Iowa legislature on Feb. 20 aims to implement new requirements for the development of carbon dioxide pipelines within the state. The Iowa Renewable Fuels Association has spoken out against the legislation.

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In an effort to rally businesses and consumers, United has launched the United Airlines Ventures Sustainable Flight Fund, a first-of-its-kind investment vehicle designed to support start-ups focused on sustainable aviation fuel (SAF).

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Sasol, the global chemicals and energy company, and Topsoe, a global leader in carbon emission reduction technologies, have signed a MOU with the intent to establish a 50/50 joint venture (JV) in 2023 to produce SAF.

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