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USGC: Ethanol offers carbon-neutral solution in South Korea

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By U.S. Grains Council

June 24, 2021

PolicyBusinessMarkets

The U.S. Grains Council emphasized ethanol as one of the most effective transportation fuels for achieving South Korea's carbon neutrality goals by 2050 during the Carbon Neutral Symposium held there on May 27.

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The U.S. Senate on June 24 voted 92 to eight to pass the Growing Climate Solutions Act, which aims to break down barriers for farmers and foresters interested in participating in carbon markets so they can be rewarded for climate-smart practices.

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A multi-laboratory team of scientists led by Oak Ridge National Laboratory is studying the feasibility of using energy-dense biofuels such as biocrude and bio-oil to meet new emissions regulations for cargo ships.

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The U.S. Senate on June 24 voted 92 to eight to pass the Growing Climate Solutions Act, which aims to break down barriers for farmers and foresters interested in participating in carbon markets so they can be rewarded for climate-smart practices.

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Production and use of renewable ethanol from ePURE members reduced greenhouse-gas emissions by an average of more than 75 percent compared to fossil fuels in 2020, according to newly certified data released by ePURE.

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The government of Canada on June 21 launched a C$1.5 billion Clean Fuels Fund with a call for proposals for projects that will increase the country's capacity to produce clean fuels, including ethanol, renewable diesel, SAF, RNG and others.

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Iowa Gov. Kim Reynolds on June 22 signed an executive order to establish a carbon sequestration task force. Stakeholders representing the ethanol, biodiesel and biogas industries have been named as initial members of the new task force.

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Oregon Gov. Kate Brown on June 23 signed a bill that clarifies the ability of retailers to sell E15. According to Growth Energy, Oregon has become the 48th state to approve sales of the fuel blend.

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Iowa Gov. Kim Reynolds on June 22 signed an executive order to establish a carbon sequestration task force. Stakeholders representing the ethanol, biodiesel and biogas industries have been named as initial members of the new task force.

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The government of Canada on June 21 launched a C$1.5 billion Clean Fuels Fund with a call for proposals for projects that will increase the country's capacity to produce clean fuels, including ethanol, renewable diesel, SAF, RNG and others.

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The government of New Zealand on June 13 opened a public comment period on a proposal to introduce a sustainable liquid biofuels mandate that aims to reduce greenhouse gas (GHG) emissions from transportation fuels.

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Growth Energy CEO Emily Skor on June 22 participated in the Senate Committee on Agriculture, Nutrition and Forestry Subcommittee on Rural Development and Energy hearing titled “Renewable Energy – Growth and Opportunities for our Rural Economies.â€�

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The government of New Zealand on June 13 opened a public comment period on a proposal to introduce a sustainable liquid biofuels mandate that aims to reduce greenhouse gas (GHG) emissions from transportation fuels.

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The National Biodiesel Board on June 22 delivered to Congressional leaders a letter signed by more than 50 companies outlining the industry's policy priorities, including those related to tax incentives, infrastructure development and the RFS.

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In a letter to President Biden, 20 Republican members of the U.S. House of Representatives urged the president to quickly and publicly affirm that his administration will not undermine clean renewable fuels.

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President Biden on June 18 announced his intent to nominate Xochitl Torres Small to serve as under secretary of rural development at USDA. Agriculture Secretary Tom Vilsack has spoken out in support of her nomination.

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The U.S. EPA has released data showing nearly 1.71 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in May, up from 1.26 billion generated during the same month of last year.

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The Minnesota House of Representatives on June 19 voted 112 to 20 to pass an omnibus agriculture bill that includes $6 million to support the development of biofuel infrastructure to supply E15 blends of fuel.

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Cleaner-burning jet fuels made from sustainable sources can produce 50 percent to 70 percent fewer ice crystal contrails at cruising altitude, reducing aviation's impact on the environment, according to research conducted by NASA and the DLR.

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President Biden on June 18 announced his intent to nominate Xochitl Torres Small to serve as under secretary of rural development at USDA. Agriculture Secretary Tom Vilsack has spoken out in support of her nomination.

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The U.S. EPA has released data showing nearly 1.71 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in May, up from 1.26 billion generated during the same month of last year.

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Data published by the U.S. EPA on June 17 shows that no new SRE petitions have been filed under the RFS in the past month. The data also indicates no changes have been made to the status of 70 pending SRE petitions.

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Fuels America, NFU, Growth Energy, RFA, NCGA, NBB and ABBC on June 17 sent a letter to U.S. EPA Administrator Michael Regan and National Economic Council Director Brian Deese urging them to resist calls by the oil industry to waive or weaken the RFS.

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Data published by the U.S. EPA on June 17 shows that no new SRE petitions have been filed under the RFS in the past month. The data also indicates no changes have been made to the status of 70 pending SRE petitions.

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Fuels America, NFU, Growth Energy, RFA, NCGA, NBB and ABBC on June 17 sent a letter to U.S. EPA Administrator Michael Regan and National Economic Council Director Brian Deese urging them to resist calls by the oil industry to waive or weaken the RFS.

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A group of six senators on June 14 sent a letter to U.S. EPA Administrator Michael Regan urging him to allow renewable electricity made from biomass to participate in the Renewable Fuel Standard program.

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The U.S. consumed a record 12 percent of renewable energy in 2020, according to data released by the U.S. Energy Information Administration on June 16. Biofuels announced for approximately 17 percent of renewables.

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Sen. Chuck Grassley, R-Iowa, on June 15 delivered a speech on the Senate floor criticizing the Biden administration over reports that the U.S. EPA is considering a reduction in Renewable Fuel Standard blending requirements to benefit Big Oil.

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A group of 15 democratic lawmakers on June 16 sent a letter to EPA Administrator Michael Regan and NEC Director Brian Deese expressing concern that the Biden administration is considering several options to exempt oil refineries from RFS obligations.

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A group of six senators on June 14 sent a letter to U.S. EPA Administrator Michael Regan urging him to allow renewable electricity made from biomass to participate in the Renewable Fuel Standard program.

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