Ethanol Week - March 10, 2014

Budget proposal extends biofuel tax credit, cuts oil subsidies President Obama's Fiscal Year 2015 budget proposal released March 4, calls for extending a tax credit for cellulosic biofuels and puts forward the idea of cutting billions in fossil fuel subsidies. READ MORE SHARE
EPA Tier 3 rule sets E10 as new test fuel The U.S. EPA final rule for emission standards for cars and gasoline made E10 the new federal emissions test fuel, finalized specifications for E85 test fuel and said manufacturers could request approval for an E30 certification fuel. READ MORE SHARE
	South Dakota plans to use E15 for state fleet FFVs South Dakota Gov. Dennis Daugaard announced today that the state will begin incorporating E15 fuel into its state vehicle fleet. The fuel will be made available at four sites during a test period. READ MORE SHARE
Growth Energy marks fifth anniversary of Green Jobs Waiver Growth Energy highlighted the fact that March 6 is the five-year anniversary of when the organization filed the Green Jobs Waiver with the U.S. EPA, seeking commercial-use approval for E15. READ MORE SHARE
Illinois economist: 80% chance EPA will reverse RVO write-down The implied probability that the U.S. EPA will reverse the write-down of the RFS found in its proposed 2014 RVO is 80 percent, according to an analysis by University of Illinois economist Scott Irwin. READ MORE SHARE
EIA: ethanol industry margins benefit from distillers grains "Sales of dried distillers grains provide a significant portion of the total revenue received by ethanol facilities, underpinning the economic feasibility of ethanol fuel production," according to EIA report. READ MORE SHARE
Argentina alcohol company signs letter of intent with Gevo Gevo Inc., the world's only commercial producer of renewable isobutanol, announced March 6 that Porta Hnos S.A., an alcohol company in in Argentina, has signed a letter of intent to become the exclusive licensee of Gevo's isobutanol technology. READ MORE SHARE
USGC continues efforts to smooth the way for DDGS exports China's Ministry of Agriculture has officially certified the registration of more U.S. ethanol plants to export distiller's dried grains with solubles (DDGS) to China. The country is back on top as the top importer of U.S. DDGS. READ MORE SHARE
NJ company unveils low-cost CO2-to-chemical process A new process to convert carbon dioxide to chemicals has been unveiled by New Jersey-based Liquid Light Corp. The core technology uses low-energy catalytic electrochemistry to convert CO2 to chemicals, combined with hydrogenation and purification. READ MORE SHARE
Renewable diesel project to use Inbicon's demonstration facility DONG Energy and Neste Oil have entered into a collaboration to develop a cost-effective technology for producing renewable diesel and aviation fuel from agricultural residues. READ MORE SHARE
EPA sets Tier 3 standards for cleaner fuel, cars Based on extensive input from the public and a broad range of stakeholders, including public health groups, auto manufacturers, refiners, and states, the U.S. EPA today finalized emission standards for cars and gasoline. READ MORE SHARE
Alkol, U of Madrid to develop sugarcane varieties for Spain Alkol Bioenergy is working with the U of Madrid to develop the dominant Brazilian sugarcane variety for Spanish production, aiming at cellulosic ethanol production from the bagasse. READ MORE SHARE
Klesse steps down as Valero CEO, Gorder to assume position Valero Energy Corp. announced March 4 that Bill Klesse, 67, has chosen to step down as CEO effective May 1. Klesse will remain a Valero director and Chairman of the Board. READ MORE SHARE
SEC investigation targets ethanol investment company, CEO The SEC investigated and recently alleged misconduct by Clean Energy Capital LLC, a Tucson, Ariz.-based investment company with multiple investments in ethanol production companies. READ MORE SHARE