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biofuel
Government, Business, Fuel

Soybean Demand Drops as US Biofuel Tax Credit Stalls

Soybean truck

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.

Tarso Veloso and Kim Chipman | Bloomberg News
October 29, 2024
Government, Business, Safety, Fuel

Biofuel Group Asks EPA for Update on UCO Imports Audit

Harvester

Alarm has grown in the U.S. in recent months over soaring UCO imports from China, potentially displacing more regulated American-made biomass-based diesel.

Noël Fletcher | Staff Reporter
September 19, 2024
Government, Business, Technology, Fuel

CARB’s Biofuel Changes Raise Concern

Truck hauling tanker of biodiesel

American agriculture groups are decrying California’s planned 20% cap on U.S.-made canola- and soy-based biodiesel and renewable diesel that could tip the market toward foreign sources.

Noël Fletcher | Staff Reporter
August 28, 2024
Government, Business, Fuel

USDA Seeks Easier Rules for Crops to be Used in Green Fuels

corn harvest

The U.S. Department of Agriculture is pushing for eased tax credit requirements regarding crops used as ingredients in the production of renewable fuels, according to Secretary Tom Vilsack.

Kim Chipman | Bloomberg News
August 16, 2024
Government, Business, Technology, Fuel

American Farmers’ Next Hot Commodity Is Canola for Biofuels

canola field

A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.

Kim Chipman | Bloomberg News
July 22, 2024
Government, Business, Fuel

Biden Faces Frustration From US Farmers Over Biofuel Policy

Harvesting soybeans

President Joe Biden’s re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn’t panned out.

Bloomberg News
July 12, 2024
Government, Business, Technology, Fuel

Coalition Seeks Information on New Biofuel Tax Credit System

Janet Yellen

A coalition of biofuel proponents and agricultural groups is asking Treasury Secretary Janet Yellen for guidance about a Clean Fuels Production Credit based on carbon intensity scores.

Noël Fletcher | Staff Reporter
May 17, 2024
Government, Business, Fuel

Suspicious Chinese Frying Oil Hurting US Biofuels Business

Cooking oil

China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.

Bloomberg News
May 7, 2024
Government, Business, Fuel

ATA, 8 Others Ask EPA to Adjust Biofuel Output Volumes

Canola harvest

Renewable fuel production targets are too low to sustain the sector and have resulted in shuttered biofuel companies, a consortium of trade associations stated in a letter to EPA's Michael Regan.

Noël Fletcher | Staff Reporter
May 3, 2024
Government, Business, Fuel

Biden’s Biofuel Push Risks Dethroning Corn as King of Crops

soybean harvest

American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops.

Gerson Freitas Jr. and Isis Almeida | Bloomberg News
March 27, 2024

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