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Tag Archives biofuel

Environment Minister Jonathan Wilkinson, with Infrastructure Minister Catherine McKenna (l) and Heritage Minister Steven Guilbeault (r), speaks at the Dominion Arboretum in Ottawa on Dec. 11, 2020. (Photo: Reuters/Blair Gable)
Crops, Machinery, Weather

New greening programs planned for ag alongside carbon tax hike

Carbon price to hit $170 per tonne by 2030

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A new federal climate plan which further cranks up taxes on carbon emissions also includes pledges of new programs to help sink more carbon into farmland. The government on Friday released the sequel to its 2016 Pan-Canadian Framework on Clean Growth and Climate Change — a “strengthened” climate plan, titled A Healthy Environment and a […] Read more
(ThamKC/iStock/Getty Images)
Crops, Machinery, Reuters

U.S. fuel industry frazzled as EPA misses biofuel volumes deadline

COVID-19 fallout complicates process

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New York | Reuters — The U.S. Environmental Protection Agency was set to miss a deadline Monday to announce how much renewable fuel the nation’s refiners must blend into their fuel mix next year, raising uncertainty in the fuel market and prompting one biofuel association to threaten to take the agency to court. Under federal […] Read more
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops, Reuters

Bayer plans more cost cuts, impairment charges

Pandemic now expected to hit crop science wing

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Berlin | Reuters — German drugs and chemical company Bayer announced plans on Wednesday for more than 1.5 billion euros (C$2.34 billion) of cost cuts as of 2024 and said it would take impairment charges on its agricultural business as it battles with low commodity prices. Bayer said that the impact of the coronavirus on […] Read more
File photo of pre-COVID-19 rush-hour traffic on the interchange between the Interstate 10 and 110 freeways near downtown Los Angeles. (Art Wager/E+/Getty Images)
Corn, Crops, Markets

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

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MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more
Valero Energy’s ethanol plant at Aurora, S.D., about 90 km north of Sioux Falls. (Valero.com)
Corn, Crops, Reuters

COVID-19 spurs new clash between Big Oil, Big Corn

Flagging consumption leads to pressures on U.S. fuels, biofuels

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New York | Reuters — A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation’s biofuel policy, this time over whether the policy should be suspended or expanded as a result of the crisis. The issue once […] Read more
The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
Crops, Reuters, Weather

U.S. EPA waives fuel requirements, extends biofuels deadline

Deadline extended to help refineries

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Reuters — The U.S. Environmental Protection Agency on Friday unveiled measures to help oil refineries cope with fallout from the coronavirus outbreak, including waiving anti-smog requirements for gasoline and extending the deadline for small facilities to show compliance with the nation’s biofuels law. The outbreak has touched off a massive global decline in demand for […] Read more
(ThamKC/iStock/Getty Images)
Crops, Reuters

Ethanol woes spur new feed focus for Green Plains

Biofuel maker to reinvent itself as DDGS-based feed maker

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Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, is planning to flip its business model upside down to survive a crash in prices for the corn-based fuel. The company will invest some $400 million in the next two to three years at its 13 plants to make high-protein, corn-based […] Read more

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