Ethanol Week - July 12, 2022

Michigan Senate votes to approve tax credit for E15, E85 The Michigan Senate on June 30 voted 24 to 14 in favor of legislation that aims to create a tax credit for retailers that choose to sell higher ethanol fuel blends, such as E15 and E85. The bill was then sent to the Michigan House of Representatives. READ MORE SHARE
EIA: US ethanol, renewable diesel capacity expands in April U.S. operable production capacity for ethanol and renewable diesel expanded in April, while biodiesel capacity fell slightly, according to data released by the U.S. EIA on July 5. Feedstock consumption was up when compared to April 2021. READ MORE SHARE
	DOE report shows biofuel, bioenergy employment increased in 2021 The U.S. Department of Energy on June 28 released its 2022 U.S. Energy and Employment Report, which includes new data on employment in the biofuels and bioenergy sectors. In general, employment in these sectors was up when compared to 2020. READ MORE SHARE
USDA: US ethanol exports top 147 million gallons in May The U.S. exported 147.06 million gallons of ethanol and 966,108 metric tons of distillers grains in May, according to data released by the USDA Foreign Agricultural Service on July 7. Exports of ethanol were up when compared to May 2021. READ MORE SHARE
European Parliament adopts draft SAF targets The European Parliament on July 7 voted 334 to 95 to adopt draft rules for the ReFuelEU initiative, which aims to require sustainable aviation fuel (SAF) to account for at least 85 percent of EU aviation fuel by 2050. READ MORE SHARE
	EIA: Ethanol production down 1%, stocks up 3% U.S. fuel ethanol production fell by nearly 1 percent the week ending July 1, according to data released by the U.S. Energy Information Administration on July 7. Ethanol stocks were up more than 3 percent. READ MORE SHARE
CropEnergies: Ethanol production, earnings up in fiscal Q1 European ethanol producer CropEnergies AG on July 6 released financial results for its fiscal first quarter, reporting higher ethanol production volumes, increased revenues and improved operating profit. READ MORE SHARE
EU charges 2 producers over ethanol benchmarks cartel The European Commission on July 7 announced charges against Belgium-based Alcogroup SA, and Sweden-based Lantmännen ek för, along with their relevant subsidiaries, over alleged ethanol benchmarks cartel. READ MORE SHARE
Aemetis acquires site for CCS injection well Aemetis Inc., an RNG and renewable fuels company, on July 8 announced the purchase of 24 acres, known as “Parcel B” on the Riverbank Industrial Complex site, to develop a carbon capture and sequestration (CCS) injection well. READ MORE SHARE
India expands excise duty exemption to higher biofuel blends The government of India on July 4 announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends, according to a notice published by the Ministry of Finance. READ MORE SHARE
UNICA: Ethanol production picks up in early June UNICA, the Brazilian sugarcane industry association, has announced ethanol production picked up during the first half of June. Total production for the current harvest season, however, is down when compared to last year. READ MORE SHARE
ePURE reacts to EU Council agreement on car, van CO2 targets Following the EU Council of Ministers agreement on a General Approach for the revision of car and van CO2 standards, ePURE Director General David Carpintero called on the Commission to take into account the GHG benefits of ethanol. READ MORE SHARE