February 21, 2022
BY Erin Voegele
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CARB on Nov. 8 approved updates to its LCFS that aim to reduce the CI of the state’s transportation fuel by 30% by 2030. The updates also alter how a variety of biofuels, including biobased diesel and RNG, participate in the program.
Gevo Inc. released Q3 financial results on Nov. 7, discussing the impact of the conditional commitment for its DOE loan guarantee and confirming the company’s acquisition of Red Trail Energy remains on track to close in early 2025.
Veterans for Renewable Fuels on Nov. 11 sent a letter to Vice President-elect JD Vance, congratulating him on his election, making him aware that veterans make up 16% of the ethanol industry workforce.
Reps. Mariannette Miller-Meeks, R-Iowa, and Sharice Davids, D-Kan., on Nov. 8 introduced legislation that aims to extend the existing second generation biofuel producer tax credit for an additional year, through 2025.
The future of the ethanol industry in both the U.S. and Canada will be shaped by the industry’s ability to keep science-based carbon intensity at the forefront, specifically when it comes to life cycle carbon assessment (LCA).