Not exact matches
A U.S. Department
of Agriculture (USDA) report said the Japanese policy change could create a
market opportunity for U.S.
ethanol producers
of 366 million liters, valued at around $ 170 million.
But that volatility, as Ghosh likes to note, is the upside
of the integrated nature
of the company, which gives it a continued hedge against the differential in world oil prices through its downstream and midstream assets — on the midstream side, Husky operates a 2,000 - kilometre crude - oil pipeline system, and its downstream operations include upgrading and refining crude oil, and
marketing gasoline, diesel, jet fuel, asphalt and
ethanol in Canada and the United States.
A U.S. Department
of Agriculture report said the Japanese policy change could create a
market opportunity for U.S.
ethanol producers
of 366 million liters, valued at around $ 170 million.
SAO PAULO — Brazil
ethanol producers stand to lose a big chunk
of their largest
market, Japan, to U.S. agribusiness, after Tokyo bent to pressure from U.S. President Donald Trump and tweaked requirements for gasoline additives.
«For the first time, the U.S.
ethanol industry will have the opportunity to compete for a portion
of Japan's fuel blending
market,» Emily Skor, head
of Washington - based
ethanol group Growth Energy, said in a statement.
If the boosters
of ethanol master cellulosic conversion, they will then have to find an effective way to deliver large quantities
of the new fuel to the
market.
For cellulosic to make its way onto the
market, federal policy will need to do more to encourage distribution
of higher blends
of ethanol, the
ethanol industry says.
«The amount
of ethanol produced by chemical catalysis is around 70 or 80 gallons perton,» says Wes Bolsen, chief
marketing officer for Coskata, located in Warrenville, Illinois.
Actually, MacCready predicts that the big
market in the coming decade or two may not be so much for all - electric cars as for hybrid cars designed to run on batteries in pollution - choked cities and on gasoline — or natural gas, or
ethanol, or hydrogen, or some other range - extending fuel — on long highway trips (though the way Americans drive now, 90 percent
of all car trips fall within Impact's 120 - mile range).
Celanese Corporation, developer
of a hydrocarbons - to -
ethanol production process derived from its acetyl technology (earlier post) announced plans in June to enter the industrial
ethanol market in China by revamping the
market entry strategy to allow the company to enter 6 - 12 months sooner than originally planned.
The Corvette Z06 E85 Concept pace car is based on the production Z06 — already one
of the fastest and most powerful cars on the
market — and is powered by E85, which consists
of 85 percent
ethanol and 15 percent gasoline.
We are one global
market at present, and energy and food prices are interlinked through the energy and fertilizer costs
of farmers, and through stupid ideas like corn - based
ethanol.
The denial
of market forces in the US by all politicians, in favor
of market farces like
ethanol subsidies, in a way emphasis the effectiveness
of prices as one instrument.
Corn Plus took a chance on the
ethanol fuel
market 18 years ago and apparently had a pretty decent run
of it until recently, when a number
of circumstances (not just tax credits) changed.
Those
of us who knew about
ethanol production with current technology knew it was going to produce server problems in the food and energy
markets.
Similarly, the Energy Commission's Alternative and Renewable Fuel and Vehicle Technology Program created by Assembly Bill 118 (Núñez, Chapter 750, Statutes
of 2007) is providing approximately $ 36 million in cost - share support for projects that receive awards through DOE solicitations covering alternative transportation fuel and technology areas such as electric drive,
ethanol, hydrogen, natural gas, renewable diesel and biodiesel, propane, and
market and development activities.
That flies in the face
of the serious
market distortions now manifesting in the «blend wall» at 10 %
ethanol content in gasoline.
Corn - based
ethanol would survive and likely retain its share
of the total fuel
market.
In addition to the transportation and volatility issues,
ethanol will add yet more blends
of gasoline to the retail
market.
It will still take massive amounts
of land to produce the inputs necessary to create cellulosic
ethanol, and these inputs must be cheap enough such that they make it into the
market place.
Capturing the nearly pure stream
of CO2 emitted from corn
ethanol refinery fermentation processes is cheaper however, and footing the bill for the added costs associated with carbon capture can be further offset by taking advantage
of the
market for CO2 availed by EOR.
The
ethanol mandates and the Commodities Futures Modernization Act
of 2000, which allowed speculation in the commodities
market, are both disastrous policy decisions that should be rolled back.
Also
of interest is the political reason why the
ethanol mandate is so hard to get rid
of: Rural Republican districts benefit hugely from the
market distortion and some alt - fuel fanatics in D.C, such as Obama, love to stick it to the oil companies regardless
of environmental impact.
Two ads have been running heavily in the Washington, D.C.,
market and in some other
markets in advance
of a Nov. 30 deadline for the EPA to finalize requirements for the total volume
of ethanol to be put into gasoline, and for other renewable fuels.
E85 is a blend
of gasoline and denatured
ethanol containing up to 85 percent
ethanol and is the highest
ethanol fuel blend available in the
market.
Almost as bad are regulations requiring the use
of corn
ethanol, which clearly only benefit corn producers and processors at the expense
of gasoline users and illustrates how government interference in private
markets can be used by special interests to reallocate income to themselves.
The «
market conditions» that these
ethanol producers are referring to is the fact that the average price
of ethanol has dropped some 30 percent since May, as
market subsidies combined with a lack
of infrastructure for its delivery and use have created a surplus
of the renewable fuel.
This would open the
market to
ethanol that could be produced from the «420 million tons
of biomass easily harvestable in the U.S.» Sharp also said that the
ethanol generated from that biomass could replace at least half — about 45 billion gallons —
of the oil the U.S. imports annually.
Pricing
of the 15 - year contract follows a
market - based formula structured to capture the premium allowed for cellulosic
ethanol compared to corn - based
ethanol giving BlueFire a credit worthy contract to support financing
of the project.
TBF, a
marketing affiliate
of Tenaska, provides procurement and
marketing, supply chain management, physical delivery, and financial services to customers in the agriculture and energy
markets, including the
ethanol and biodiesel industries.
The growing sense
of global urgency over our twin crisis — climate change and energy security — is now driving businesses to become green, consumers to demand green and policy makers to drive policies to accelerate the
market adoption
of green products.The most notorious subsidy is the 51 - cent gas credit for
ethanol.»
Two years later, VeraSun (VSE), the
ethanol producer that had been planning to build a 110 - million - gallon - per - year
ethanol biorefinery in Reynolds, says it will suspend construction
of the refinery due to current
market conditions.
Aurora is one
of dozens
of start - ups vying to bring an algae - based product to
market that will be competitive with petroleum but does not take farmland out
of food production, an issue that has plagued the corn
ethanol industry.
It is now clear that the federal corn
ethanol mandate has driven up food prices, strained agricultural
markets, increased competition for arable land and promoted conversion
of uncultivated land to grow crops.
Corn
ethanol has resulted in a number
of less favorable environmental outcomes when compared to a scenario in which the traditional transportation fuel
market had been left unchanged.
The United States provides a range
of incentives for
ethanol production including exclusion from excise taxes, mandating clean air performance requirements that created
markets for
ethanol, and tax incentives and accelerated depreciation schedules for electricity generating equipment that burn biomass (USDOE, 2005).
Renergie looks forward to working closely with the Obama - Biden administration to: (a) reduce U.S. dependency on imported oil; (b) repeal the
ethanol import tariff; (c) maximize the environmental benefits
of ethanol - blended transportation fuels; and (d) create jobs in rural areas
of the United States by growing
ethanol demand, specifically hydrous
ethanol demand, beyond the 10 % blend
market.
Government can not rig the
market in favor
of ethanol without discouraging gasoline production.
However, in the United States there are also niche
markets for E-85, which is made up
of 85 %
ethanol and 15 % gasoline.
Author Bruce Babcock, an Iowa State University economist, says that even if the mandate were waived immediately, it would be at least three months before a price change would hit the
market because
of sustained demand for
ethanol by oil companies.
First, restrictions on trade are not normally good, but the fact that much
of ethanol consumption is due to the renewable fuel standard mandate (and not
market forces) complicates things.
The Port
of Morrow facility, which will be modeled after the company's new Madera, California plant, is expected to provide
ethanol for Pacific Northwest transportation
markets.
Corn
ethanol does not need the mandate to survive in the
market, and doing away with only the implied - corn
ethanol part
of the program would make the mandate worse by focusing it on expensive «advanced» biofuels.
Pacific
Ethanol plans to sell the Port
of Morrow plant's distiller grains to dairy and feed
markets throughout Oregon and Washington.
The wasteful tax effect arises because a certain number
of workers are used to produce the
ethanol, rather than goods and services consumers in the
market prefer.
«SunSprings plant operations will begin with production
of Joule Sunflow ™ - E to compete in the
ethanol market, valued at approximately $ 64 billion.
At a minimum, Pruitt should consider applications from independent refiners and small retailers to rationalize the RFS by changing the «point
of obligation» to comply with the RFS from about 200 refiners and importers to an equally small number
of «rack sellers» who supply blended
ethanol fuel to the
market.
[68] The U.S. consumed 138.2 × 109 US gal (523 × 106 m3)
of gasoline in 2008, blended with about 9.6 × 109 US gal (36 × 106 m3)
of ethanol, representing a
market share
of almost 7 %
of supply by volume.
Automakers were given fuel economy credits for selling cars capable
of running on fuel that is 85 percent
ethanol (known as E85), under the theory that this would help drive E85 to
market and we would use less oil.
Wayne Hoovestol, Chief Executive Officer said: «Algae is potentially a by - product
of ethanol that makes the process cleaner and greener through carbon sequestration... Algae production fits into Green Plains» business model since we are already in the business
of marketing biofuel and feed products.»