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No. 18; Feb. 7, 2018

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AT OUR EVENTS

KICKING OFF 2018 EXECUTIVE LEADERSHIP CONFERENCE IN BOCA RATON

 
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Growth Energy is very excited to welcome everyone down to Boca Raton this week for the association's ninth-annual Executive Leadership Conference (ELC). While we're in Florida, more than 300 ethanol leaders and allies will receive an exclusive look into the market and political landscape for biofuels.


During the conference, themed “In the Driver’s Seat,” attendees will hear a host of panel discussions exploring topics including the state of U.S. agriculture, the global marketplace, domestic and global E15 expansion, the political landscape, and Growth Energy’s efforts to reach consumers and key influencers through its NASCAR partnership and emerging mechanic education initiative.

 

Growth Energy is also honored to welcome special guest speaker Dana Perino, former White House press secretary and TV commentator, who will offer perspective on today’s political status.

For more details, contact Senior Director of Operations & Programming Kitty Loyd.

 

WORKING FOR YOU

ON THE HILL

Sen. Grassley Releases Analysis to Argue RINs Not to Blame for PES Bankruptcy

 

Section 199a Update

AROUND THE WORLD

Industry Sets Export Record in 2017

AT THE AGENCIES

EIA Releases Energy Outlooks

AT THE PUMP

Growth Energy Unveils 40 New Casey's Locations Selling E15

AT THE PLANTS
Member of the Week: Adkins Energy

UPCOMING EVENTS

Executive Leadership Conference

Feb. 7 - 10, 2018

Boca Raton, Fla.

Commodity Classic

Feb. 27 - March 1, 2018

Anaheim, Calif.

Advanced Bioeconomy Leadership Conference

Feb. 28 - March 2, 2018

Washington, DC

Bio-Processing Leadership Summit

March 19 - 21, 2018

Sonoma, Calif.


ON THE HILL

Sen. Grassley Releases Analysis to Argue RINs Not to Blame for PES Bankruptcy

On Tuesday, Feb. 6, Sen. Chuck Grassley's (R-Ia.) office released an analysis finding that the Philadelphia Energy Solutions (PES) bankruptcy filing cannot be blamed on the RFS. 

 

“I’m concerned any time an American’s job could be lost,” Sen. Grassley said. “After I heard that the Renewable Fuel Standard was being blamed for the financial troubles of some refineries, I wanted to know more. So I asked my staff to get to the bottom of the situation. After reviewing the facts, I’m confident that the Renewable Fuel Standard isn’t harming refineries, that other factors are at work, and that the RFS law is working as Congress intended. Once these facts are known, there ought to be an end to the misleading rhetoric blaming the RFS. I’ve always said that I’m for an all-of-the-above national energy strategy. Biofuels are responsible for thousands of jobs across the country. There’s no reason biofuels and other renewables can’t exist alongside conventional fuels. I’m thankful President Trump continues to support biofuels and rural America. The President should be applauded for his ongoing commitment to the RFS, which makes our air cleaner, energy cheaper and country stronger with more domestic energy production.” Read more about the analysis, as well as another study by the University of Pennsylvania’s Kleinman Center for Energy Policy that had similar findings here.

Sec. 199a Update

Lawmakers are still negotiating how to revise the controversial provision, House Ways and Means Committee Chair Kevin Brady (R-Tex.) said recently.


Rep. Brady said, "Here’s the key message: It’s really important that co-ops and the private sector stay at the table to work out the issue sooner rather than later. Clearly the language in the final conference has a serious flaw, so it needs to be corrected soon. I think the House version was the right approach, but we are trying to find a solution," he added.

 

The House version of the tax bill eliminated the Section 199 deduction for U.S. manufacturers, including agricultural co-ops, which often passed those benefits on to their farmer members. Republican senators, led by John Thune of South Dakota and John Hoeven of North Dakota, crafted a new deduction for co-ops and secured it during conference of the House and Senate legislation.

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

AROUND THE WORLD

Industry Sets Export Record in 2017

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On Tuesday, Feb. 6, the Department of Commerce released final trade numbers for 2017. Notably for our industry, we exported a record 1.37 billion gallons of ethanol around the world. This represents a nearly 17 percent increase from last year alone!

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

AT THE AGENCIES

EIA Releases Energy Outlooks

Also yesterday, Tuesday, Feb. 6, the Energy Information Administration (EIA) released both their short-term and annual energy outlooks. In the short-term energy outlook, EIA estimates the ethanol production remains strong at nearly 16 billion gallons for 2018 and 2019, while consumption domestically is forecasted at 14.7 billion gallons for 2018 and climbing to 14.85 billion gallons for 2019 with blend rates on both years set at 10.3 percent. The annual outlook shows the impact of vehicle fuel economy standards decreasing the consumption of gasoline after 2020 through 2040.

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

AT THE PUMP

Growth Energy Unveils 40 New Casey's Locations Selling E15

 
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On Friday, Feb. 2, Growth Energy, the Illinois Corn Growers Association, the Illinois Renewable Fuels Association, and Big River Resources celebrated a Casey's ribbon-cutting in Monmouth, Ill. This location is one of 40 new stores offering E15! Visit GetBiofuel.com to find an E15 station near you.

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

AT THE PLANTS

Member of the Week: Adkins Energy

 
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Growth Energy is excited to continue our new regular Weekly Rundown feature: Member of the Week! Each week, we'll introduce you to one of our association's members and get to know them on a more personal level. Adkins Energy is up next!

  • Location: Lena, Ill.
  • Management Team:
    • General Manager: Ray Baker
    • Plant Manager: Jason Townsend
    • Renewable Fuels Sales Manager: Eric Lockart
    • Controller/HR Manager: Joan Strong
    • Maintenance Manager: Mike Young
    • Lab and Process Manager: Blake Voss
    • Engineering Facilities Manager: Greg Hills
    • Biodiesel Plant Manager: Doug Roberts
    • Environmental Health & Safety Manager: Chris Posey
  • How long has the company been in operation?
    • Summer 2017 marked 15 years of producing ethanol.
  • What do you consider some of your company’s main accomplishments?
    • Consistent increases in ethanol capacity and yield performance

    • Significant improvement in operational efficiencies

    • Top-tier safety performance

    • Installed 2MG co-located biodiesel plant

    • Continuous research and improvement

    • Strong historical financial performance

  • Do you make any ethanol co-products?
    • DDGS, Wet Cake, Distillers Corn Oil and Biodiesel
  • How long have you been a GE member?
    • For six years
  • What's your website address? Any other social media networks?
  • What do you like about being a member of Growth Energy?
    • We enjoy Growth Energy’s focus on consumer education and marketing. The entire industry has benefited from Growth’s drive to promote its Prime the Pump efforts. We are proud to be a plant that supports Growth’s industry efforts.

  • Any other fun facts?
    • We’ve grown from 25 to 41 employees over the past 15 years, and today we have over 20 employees who have been at Adkins for more than 10 years.  

    • In 2015 we sold our first gallon of biodiesel, produced on-site from our own distillers corn oil. We recently achieved a milestone by passing the $1 billion mark in local corn purchases.

For more details, contact Vice President of Development Kelly Manning.

 
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The Weekly Rundown is the weekly newsletter for Growth Energy's members, published by the communications staff at Growth Energy. For more information, email team@growthenergy.org

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