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No. 58, Nov. 15, 2018

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AT THE PUMP

E15 Continues Its Rapid Nationwide Retail Growth
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The E15 movement continues to expand its footprint. Today, the number of sites offering E15 has reached 1,667 across 30 states. And that growth is expected to continue, with an estimated 1,675 retail locations expected by the end of 2018.

 

The last five years have seen E15 availability skyrocket. In 2013, there were only 40 stations selling E15, but that number has doubled, year after year. From 2013 to 2014, E15 retail locations grew from 40 to 75 sites and, by 2015, had reached almost 200 locations. That number tripled to 600 by 2016 and, by the end of last year, there were 1,200 locations nationwide.

 

As customers and retailers experience the countless benefits of E15 blended fuel, both in its quality and affordability, we expect those numbers will continue to grow rapidly. With year-round sales of E15 just on the horizon, retailers will be able to to avoid expensive relabeling costs and consumers will gain access to cleaner, more affordable fuel for all 12 months of the year.

 
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For more details, contact Vice President of Market Development, Mike O'Brien.

 

WORKING FOR YOU

IN COMMUNICATIONS

Growth Energy Attends 75th Annual NAFB Trade Talk

AROUND THE GLOBE

Peru Considers Implementing Anti-Dumping Duties on American Ethanol Imports

IN REGULATIONS

EPA To Release Final RVO Targets for 2019 on Nov. 30

IN OUR ASSOCIATION

Austin Dillon Earns Top Ten Finish In Last American Ethanol Paintout

IN POLICY

Congress Returns This Week for Lame Duck Session to Finish End of Year Business

UPCOMING EVENTS

 
NAAE National Convention
Nov. 27-30, San Antonio, TX
American Ethanol Universal Technical Institute Workshop
Nov. 28, Mooresville, NC
 

IN COMMUNICATIONS

Growth Energy Attends 75th Annual NAFB Trade Talk

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Last week, Growth Energy CEO Emily Skor traveled to Kansas City, MO to participate in the 75th Annual National Association of Farm Broadcaster’s (NAFB) Trade Talk. Emily had the opportunity to speak with nearly two dozen radio, podcast, and TV broadcasters, answering their questions on E15 year-round, current trade challenges, and record ethanol exports - all while strengthening our important relationships with other ag industry groups.

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It was also Growth Energy’s pleasure to once again host the NAFB Past President’s dinner. With a record attendance of past presidents and their spouses, there were countless stories of the glory days and even more laughs. We are proud to carry on this tradition for NAFB and honor those who help tell the success story of rural America and our homegrown biofuels.

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For more details, contact Director of Communications, Leigh Claffey.

 

AROUND THE GLOBE

Peru Considers Implementing Anti-Dumping Duties on American Ethanol Imports

 
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Last week, the Peruvian Consumer Defense and Protection Institute (INDECOPI) released the findings of their investigation into what they claimed were export subsidies from the American government for ethanol fuel exports. As a result of those findings, they have moved forward on imposing countervailing duties onto American exports of ethanol to Peru and those duties are now in effect. Growth Energy and its industry allies have strongly contested INDECOPI’s finding and will most likely appeal it before the Nov. 30, 2018, deadline.
 
INDECOPI had previously invited a number industry stake holders, including Growth Energy, to give comments on the investigation. In comments submitted on Sept. 20, 2018, Growth Energy and its allies refuted the INDECOPI document of 'essential facts' as being in breach of the provisions established for subsidy norms, as well as for violating Peru's national legislation on administrative import procedures.

 

While not a top American export destination, Peru has imported over 50 million gallons of American ethanol over the past 12 months. Most of Peru's current domestic production is sent to Europe at a premium price, according to a report by the USDA Foreign Agricultural Service. Peruvian producers can find higher prices abroad than at home, creating a strong domestic market demand for imports. Additionally, it should be noted that Peru has had a free-trade agreement with China since 2009. If American trade barriers to China remain in place, Peru may also begin exporting to the country taking advantage of the inability for the American exports to reach China, as they have done in Europe.


We strive to ensure an equitable trade environment for ethanol globally, and anti-dumping and countervailing duties, such as those in effect both in the EU and Peru, stand in the way of that goal. Stay tuned for more of the latest on the global ethanol trade outlook and the outcome of our appeal.

For more details, contact Senior Vice President of Global Markets, Craig Willis.

 

IN REGULATIONS

EPA To Release Final RVO Targets for 2019 on Nov. 30
 
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In August of this year, Growth Energy submitted comments to the Environmental Protection Agency's (EPA) on their proposed renewable volume obligation (RVO) targets for 2019. Those comments urged the EPA to account for lost gallons, as a result of small refinery exemptions (SREs), and reallocate those gallons to other refiners to ensure that the target RVO is met. In addition, Growth Energy also reiterated its request that year-round sales of E15 be allowed, in order to improve domestic market demand for ethanol and to lower fuel prices for consumers at the pump, a goal which has since been achieved.

 

We expect EPA to finalize their 2019 RVOs by Nov. 30, 2018, after reviewing the comments submitted by the public. In their 2019 targets, EPA proposed 19.88 billion gallons (bg) for total renewable fuel blending, comprised of 15 bg of starch ethanol and 4.88 bg of advanced biofuels, 3.88 million gallons of which would be cellulosic ethanol. This would keep starch ethanol at its currently mandated levels but increase the advanced biofuels numbers overall. However, these increases would be severely undermined without EPA addressing lost gallons due to SREs, regardless of year-round sales of E15.

 

While President Trump's recent announcement to allow year-round sales of E15 is a major win for our industry, it is imperative that EPA reallocate lost gallons due to SREs in order to ensure that the 2019 RVO is met. For more information on the negative impacts of SREs, go to our website to view our Vice President Chris Bliley's testimony to EPA on SREs.

 

We will continue to lead the biofuels industry in ensuring a favorable regulatory environment and fair market access for our producers and consumers. Stay tuned for updates on our response to the final 2019 RVO later this month.

For more details, contact Vice President of Regulatory Affairs, Chris Bliley.

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IN OUR ASSOCIATION

Austin Dillon Earns Top Ten Finish In Last American Ethanol Paintout
This past weekend, Austin Dillon earned a top 10 finish at ISM Raceway in Phoenix, AZ in the final American Ethanol paint out of the year. The event drew quite the crowd of Growth Energy  members and staff. Check out a couple photos from the race below and be sure to read tomorrow's American Ethanol Performance Update for a recap of the race and even more photos.
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For more details, contact Vice President of Development, Kelly Manning.

 

IN POLICY

Congress Returns This Week for Lame Duck Session to Finish End of Year Business
 
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Following the completion of the 2018 mid-term elections, Congress returns to work this week for a lame duck session to finish outstanding business. A lame duck session takes place after an election is completed, but before the successors have taken office, meaning current office holders who lost are able to vote before giving up their seats. On the docket will be a number of important funding bills to resolve continuing resolutions as well as the long-anticipated Farm Bill.

 

For more details, contact Vice President of Government Affairs, John Fuher.

 
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The Weekly Rundown is the weekly newsletter for Growth Energy's members. It is published 51 times a year by the communications staff at Growth Energy. For more information, email team@growthenergy.org or visit our website GrowthEnergy.org

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