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Financial Post (Canada) 08/11/2020 16:00
U.S. oil refiners this quarter are expected to spend the most since at least 2018 to meet U.S. biofuels requirements, further pressuring margins hit by the collapse since March in global prices and demand. Under renewable fuel legislation originally aimed to support corn farmers, refiners have to blend biofuels like ethanol or diesel made from […]
Financial Post (Canada) 08/07/2020 01:01
NEW YORK — A top U.S. biofuel industry trade group said it has cut lobbying spending as the coronavirus pandemic has slammed members eager to press demands with President Donald Trump, who hopes to win the corn-producing state Iowa in November. Reduced clout could complicate the industry’s efforts to secure changes to U.S. biofuel policy […]
China has unofficially suspended its goal (established 2017) to implement a nationwide E10 mandate by the end of 2020. With the world’s fastest growing gasoline fuel pool, limited ethanol production capacity, and a recent drop in corn stocks and corresponding rising corn prices, the government rollout of the mandate has stalled and cannot be achieved. Ethanol production capacity has continued to expand since 2017, but even operating at full capacity, the average blending rate would not exceed 4 percent (E4) this year. In the wake of the E10 suspension, the COVID-19 pandemic significantly lowered gasoline consumption in the first half of 2020, while ethanol production capacity shifted from fuel to medical grade ethanol, further driving down

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