Growth Energy Applauds Lawmakers for Supporting GREET Model in Latest Letter to Administration |
Growth Energy commended a large bipartisan, bicameral group of lawmakers last week for urging the Biden administration to finalize its revisions to the Department of Energy’s Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET
) model. The lawmakers’ letter also pushes the administration to ensure that the model makes American biofuel producers eligible for tax credits under the Inflation Reduction Act (IRA).
“As the March 1 deadline for the final version of the Sustainable Aviation Fuel tax credit approaches, this letter reflects broad support from across the country to include biofuels in the SAF opportunity,” said Growth Energy CEO Emily Skor
. “GREET is the most accurate model and the only one that accounts for all of the climate-smart innovations happening on farms across America’s heartland. By embracing GREET we can secure a win for both our environment and for the rural economy, as we begin to chart a course forward for American-made sustainable aviation fuel (SAF).” “We applaud this bipartisan group of lawmakers for protecting the interests of biofuel producers and their farm partners, and for their commitment to using sound science as the basis for awarding tax credits under the IRA,” said Skor. The lawmakers’ letter is available here. Learn more about GREET and why it's so important at growthenergy.org/greet. |
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For more information, please contact Vice President of Government Affairs John Fuher. |
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During the week ending Feb. 9, domestic ethanol demand was 12.8 BGY, down 7.3% compared to a week ago. The EIA-reported gas demand was down 7.3% from last week, at 125.2 BGY. The 4-week average ethanol and gas demand are 13.0 and 126.5 BGY (-1.0% YoY).
Ethanol production was 16.6 BGY last week, up 4.8% versus the week before, and 6.7% more than the 4-week average in 2019. Midwest production was up 5.0% (+14.4 MG) versus a week ago, and average production in the other regions was up 2.0% (+0.3 MG). Capacity utilization of plants online was 93.8% overall, 95.6% in the Midwest, and 68.9% on average, elsewhere, excluding 1,197 MGY of capacity shutdown at 25 ethanol plants for other than maintenance. On an installed capacity basis, utilization was 87.9% overall, 93.1% in the Midwest and 41.4% in the other regions.
Exports were an estimated 29.0 MG last week based on 120 MG of exports forecast for February. The EIA reported no ethanol imports last week.
Overall inventory was up 39.3 MG last week. EIA-counted stocks increased 43.3 MG, and regional changes were: East (+24 MG), Gulf (+11 MG) and West (-10 MG) Coasts and the Midwest (+17 MG). In-transit inventory decreased 4.0 MG.
Based on the total inventory of 1,875 MG on February 9th and the 4-week avg. domestic demand, there were 51.9 days of supply, up 0.4 days versus a week ago. Including the 4-week avg. of net exports, there were 46.4 days of supply, up 0.3 days versus a week ago. |
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Growth Energy: Proposed California LCFS Updates Leave Biofuels Behind |
ICYMI: South Dakota Governor Signs E15 Tax Incentive into Law
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Send Us Photos of E15 Cost Savings in Your Area |
Growth Energy VP of Market Development Attends U.S. Grains Council Event in Guatemala |
Growth Energy Attends NATSO Connect Conference |
It's National FFA Week 2024! |
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Get Bioethanol NASCAR Paint Out Austin, Texas
March 24, 2024 2024 International Fuel Ethanol Workshop Minneapolis, Minn. June 10-12, 2024 | |
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Growth Energy: Proposed California LCFS Updates Leave Biofuels Behind |
Growth Energy submitted comments this week to the California Air Resources Board
(CARB) regarding the board’s proposed changes to California’s low-carbon fuel standard (LCFS). Growth Energy CEO Emily Skor issued the following statement in response:
“While California has its sights set on the future, the state continues to overlook a significant challenge that it faces right now: decarbonizing the millions of internal combustion engine (ICE) vehicles in the state that will continue to be on the road for decades.
“Despite its commitment to being an environmental leader, the state’s recently proposed changes to its LCFS ignore plant-based fuel options that could immediately help the state achieve its climate goals. Instead, the proposals put up roadblock after roadblock that prevent the deployment of crop-based biofuels—one of the only proven, drop-in solutions available today that can significantly lower the emissions of ICE vehicles." Growth Energy’s full statement can be found here, and our full comment can be found here. Learn more about Growth Energy’s policy priorities on low-carbon fuel standards here.
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ICYMI: South Dakota Governor Signs E15 Tax Incentive into Law |
Last week, South Dakota Governor Kristi Noem signed into law Senate Bill 78
, legislation that provides a five-cent per gallon retail tax incentive for E15. The bill, authored by Senate Majority Leader Casey Crabtree (R-Madison), was advanced with near-unanimous support from both the House and the Senate, and will make E15 more widely available in the state and deliver better savings for South Dakotans at the pump. Growth Energy is grateful for our biofuels champions in South Dakota and beyond.
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For more information, please contact Senior Vice President of Regulatory Affairs Chris Bliley. |
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Send Us Photos of E15 Cost Savings in Your Area |
As we continue to make our argument for year-round E15 to the EPA, on Capitol Hill, and in state legislatures around the country, we've found that a picture really is worth a thousand words. If you see an example of significant cost savings at a fuel station near you, take a picture (like the one above) and share it with us! We'll put your photos to good use telling the story of how E15 saves drivers money. Email them to hcullen@growthenergy.org.
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For more information, please contact Vice President of Government Affairs John Fuher. |
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Growth Energy VP of Market Development Attends U.S. Grains Council Event in Guatemala |
Jake Comer, Vice President of Market Development, traveled to Guatemala City, Guatemala last week to attend the U.S. Grains Council (USGC) Annual Membership Meeting. USGC staff discussed with attendees the current state of feed grain and biofuel markets around the world, breaking ethanol status down by country and identifying new opportunities. Attendees heard from USTR Chief Agricultural Negotiator Doug McKalip where he highlighted the work his office was doing in Guatemala and Central America.
Members were introduced via a panel to the U.S. Department of Agriculture’s Regional Agricultural Promotion Program (RAPP), which is designed to reimburse nonprofit agricultural trade organizations for their work in international markets. Learn more about RAPP here.
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Growth Energy Attends NATSO Connect Conference |
Growth Energy has been attending the National Association of Truck Stop Operators (NATSO) Connect 2024 conference this week in Orlando, Fla., and is a proud sponsor of the event. NATSO Connect is an annual conference for executives and key decisionmakers in the truck stop and travel center industry.
Growth Energy hosted a private happy hour that was well-attended by smaller retailers to educate them on topics such as the Higher Blends Infrastructure Incentive Program (HBIIP), tax incentives, and access standards.
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For more information, please contact Vice President of Market Development Jake Comer.
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It's National FFA Week 2024! |
Growth Energy is an avid supporter of the Future Farmers of America (FFA) and National FFA Week which continues through the weekend. This is an industry-wide interactive week-long annual event that aims to amplify the organization’s impact in developing future leaders and advancing agricultural education on a national level.
Today is Give FFA Day, which is a 24-hour fundraising effort aimed at investing in the future of agriculture. These contributions fund the grants, scholarships, programs, and experiences that extend FFA's reach to its members across the country. Learn more about National FFA Week and find out how you can spread their message here or check out their Twitter (X) channel and use the hashtag #FFAWeek.
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For more information, please contact Senior Vice President of Development Kelly Manning.
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Growth Energy is the leading voice of America’s biofuel industry, delivering a new generation of plant-based energy and climate solutions. |
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