Growth Energy Welcomes $100 Million USDA Investment in Biofuel Infrastructure |
Growth Energy welcomed U.S. Department of Agriculture (USDA) Secretary Tom Vilsack's announcement Tuesday of $100 million in new infrastructure grants to support sales of higher biofuel blends through the Higher Blends Infrastructure Incentive Program (HBIIP). The $100 million will be available in competitive grants for projects aimed at expansion of sales and use of renewable fuels.
“We applaud Secretary Vilsack for his ongoing efforts to expand access to lower-cost, lower-emissions biofuels,” said Growth Energy CEO Emily Skor. “We have heard countless success stories from our retail partners about how HBIIP grants have helped them expand options at the pump and bring cleaner, more affordable options to drivers across the nation. Today’s announcement reaffirms USDA’s commitment to ensuring a new wave of growth for higher biofuel blends, and we look forward to working with members of the retail community to help them take full advantage of this growth opportunity.”
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To officially announce the new HBIIP investment, Secretary Vilsack and U.S. Senator Tammy Duckworth visited a Casey's in LeRoy, Ill. to highlight the economic and environmental benefits of higher blends of biofuels.
“The Biden-Harris Administration recognizes that rural America is the key to reducing our reliance on fossil fuels and giving Americans cleaner, more affordable options at the pump,” Vilsack said. “Biofuels are homegrown fuels. Expanding the availability of higher-blend fuels is a win for American farmers, the rural economy and hardworking Americans who pay the price here at home when we depend on volatile fuel sources overseas.” Information and support for retailers interested in offering higher biofuels blends is available on Growth Energy’s Retail Hub. |
For more information, please contact Senior Vice President of Market Development Mike Lorenz. |
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Growth Energy Names Seasoned Retail Leader as Head of Domestic Market Development Growth Energy Hosts Webinar with USDA on How to Access USDA's $100 million HBIIP Funding |
U.S. Senator Tammy Duckworth, DOE Dep. Sec. Turk Visit Marquis Energy
Coming Up: 2022 Growth Energy Biofuels Summit |
POET Receives Highest International Food Safety Certification |
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Biofuels Summit
Sep. 12 - 15, 2022
Washington, D.C. NACS Show October 1 - 4, 2022 Las Vegas, Nev.
Export Exchange 2022 October 12 - 14, 2022 Minneapolis, Minn. Society of Independent Gasoline Marketers Association (SIGMA) November 8-10, 2022 Hollywood, Calif. NAFB Trade Talk
November 16-17 Kansas City, Mo. |
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ENERGY INFORMATION ADMINISTRATION
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Last week, domestic ethanol demand was 13.1 BGY, down 9.8% compared to a week ago. The EIA-reported gas demand was down 9.8% from last week, at 129.3 BGY. The 4-week average ethanol and gas demand are 13.7 and 135.8 BGY and is a better measure of current demand than this week’s snapshot of demand due to noise in the EIA weekly data.
Reported ethanol supply grew to the highest level in nearly four months amid a blending drop.
The EIA report had nationwide ethanol stocks building 361,000 bbl for the week. However, ethanol supply moves were divided regionally between builds in the eastern half of the country and lighter losses to the west. Midwest stockpiles, which gained 208,000 bbl on the week, also swelled 11.1% ahead of the level in the same week last year, at 8.665 million bbl. East Coast stocks bulked up by 209,000 bbl week to week, and at 7.718 million bbl also remained well ahead of year-ago supply. | Growth Energy Names Seasoned Retail Leader as Head of Domestic Market Development |
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This week, Growth Energy announced that Jake Comer will join the company as vice president of Market Development. Comer will lead the domestic market expansion of higher ethanol-blended fuel. Comer brings more than a decade of retail fuel experience, having served in leadership positions on the fuel teams at Kum & Go, Murphy USA, and most recently at Casey’s where he served as director of Retail Fuels.
“Jake brings the right mix of experience and vision to add to our market development team as we continue to lead on higher ethanol-blended fuel growth, re-focus our strategy on getting more retailers to offer E15 at the pump, and bridge our market development efforts with cutting-edge consumer engagement initiatives,” said Growth Energy Senior Vice President of Market Development Mike Lorenz. “Growth Energy’s strength is our ability to simultaneously secure industry wins on policy in Washington, in the market at the pump, and for American drivers — and Jake will be a valuable addition to our team.”
“I am energized by tasks ahead in my new role, including incorporating Growth Energy’s consumer engagement piece into our market development strategy, but I’m most excited to continue to work with many familiar faces at retailers across the country,” said Comer. “I understand retail challenges firsthand and am looking forward to being a resource for them as we move towards a more sustainable future with low-carbon, plant-based biofuels.”
Comer’s official duties with Growth Energy began yesterday, August 24, to coincide with Growth Energy’s annual retailer summit which brings together the leading E15 fuel retailers to address shared goals and give perspective of the fuel landscape |
Growth Energy Hosts Webinar with USDA on How to Access USDA's $100 million HBIIP Funding |
Ahead of Tuesday's announcement from the U.S. Department of Agriculture (USDA), the Growth Energy Market Development team hosted a webinar with CSP and USDA for participants to learn more about USDA's fuel infrastructure grant program and the exciting opportunities in the E15 marketplace.
With over 150 participants, Growth Energy's Market Development team shared expert knowledge on adding E15 to retailers' fuel line-up and some success stories based on years of working with the nation's top retailers on expanding the E15 marketplace. Mike Lorenz, senior vice president of Market Development, gave an overview of the current E15 marketplace and discussed the international market and how ethanol blends fuel a new global landscape. Chris Bliley, senior vice president of Regulatory Affairs, discussed equipment compatibility and misfuelling mitigation requirements for E15. Jeff Carpenter, the Higher Blends Infrastructure Incentive Program (HBIIP) Manager for USDA, shared the specifics of HBIIP, which has $100 million available, $75 million will be available for transportation fueling applications and $25 million for fuel distribution facilities. We're grateful to USDA for joining us and helping our members navigate the HBIIP program.
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For more information, please contact Senior Vice President of Market Development Mike Lorenz. |
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U.S. Senator Tammy Duckworth, U.S. Dep. Sec. Turk Visit Marquis Energy |
Last week, Marquis Energy hosted U.S. Senator Tammy Duckworth and U.S. Department of Energy Deputy Secretary Turk at their headquarters in Hennepin, Ill. The policymakers discussed Marquis's exciting investment in its new SAF facility and the upcoming opportunities in the recently signed Inflation Reduction Act. We are grateful to have strong supporters and biofuels champions in Congress like Senator Duckworth and look forward to continue working her on biofuels legislation! |
Coming Up: 2022 Growth Energy Biofuels Summit
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At the 2022 Growth Energy Biofuels Summit this September, Growth Energy members will be part of the action in Washington, D.C., meeting with Members of Congress and their staff to drive home our message of the importance of bioethanol in a low-carbon future, the savings at the pump drivers have seen this summer thanks to E15, and the need for a permanent fix for year-round E15 and a strong Renewable Fuel Standard. Members will also get insights on how Growth Energy is driving change and working harder than ever to unleash the full potential of this industry - from expanding consumer access to higher blends to advancing new incentives for sustainable aviation fuel.
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For more information, please contact Vice President of Government Affairs John Fuher. |
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POET Receives Highest International Food Safety Certification |
POET has formally received the Global Food Safety Initiative (GFSI) Food Safety Management System Certification (FSSC 22000) at two of its bioprocessing facilities.
POET produces 6.4 million metric tons of distillers grains annually at its 33 bioprocessing facilities and has built a global reputation as a trusted feed source with its Dakota Gold and NexPro brands. This certification, which was achieved at POET’s bioprocessing facilities in Shell Rock, Iowa and Fairmont, Nebraska, gives customers in the pet food, aquaculture, and other feed markets even more assurance that POET’s high-protein feed products have been produced and handled according to the highest food safety standards.
“This is a terrific accomplishment and a very exciting opportunity for POET to enter new markets,” said Berit Foss, Regulatory Affairs & Quality Control Director for POET Bioproducts. “We always strive for safety on the highest level, and this certification is proof of that commitment. We’re proud of our team members for remaining diligent in their efforts to fulfill and maintain GFSI compliance.”
This certification also helps POET move one step closer to achieving its sustainability goals — including the UN Sustainable Development Goal of “Zero Hunger”— by providing clean, safe, and sustainable feed and food products.
“Our team has worked very hard over the past three decades to grow POET into a brand that is trusted all over the world for its suite of high-quality bioproducts,” said Greg Breukelman, President of POET Bioproducts. “We are committed to going above and beyond to serve our customers with consistency, safety, and service they can count on, and we will continue to offer only the very best as we venture into new markets.” |
For more information, please contact Senior Vice President of Development Kelly Manning. |
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