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Shining Light on Farm & Food Policy for 20 Years.
Monday, December 23, 2024
Canada is developing biofuel incentives similar to California's and could provide a valuable new market for the U.S. biodiesel industry, which is struggling to increase exports to other countries due to countervailing duties and other barriers.
A federal appeals court heard arguments about the Environmental Protection Agency’s use of biofuel mandate waivers for small refineries, but some question if there will be a case of judicial pingpong with no court finding itself the right panel for a challenge.
Congress returns from a two-week break with the deepening impeachment battle clouding prospects for budget and tax issues important to U.S. .agriculture, and there is continued uncertainty about when lawmakers will take up the U.S.-Canada-Mexico trade agreement.
Leaders of several biofuel companies tell Trump administration officials at a White House meeting that they need to make up for ethanol usage that is exempted by future refinery waivers, sources say.
Trade tensions, the Trump administration's decisions on biofuel policy, and an oversupply of ethanol are placing ethanol plants in a tight spot financially, forcing some to either shut down or press pause on production until conditions improve, industry officials say.
The U.S. Department of Commerce has agreed to reduce the some of the U.S. duties on biodiesel shipped from Argentina, and that has U.S. soybean farmers upset.
The Environmental Protection Agency proposed Friday only a minimal increase in U.S. biofuel usage, reflecting modest growth in production of next-generation cellulosic ethanol, and the decision was immediately slammed by biodiesel producers.
The House Ways and Means Committee advanced a tax bill that would extend the biodiesel tax credit and other items related to blending infrastructure and wind, but the legislation will face objections in the Republican-controlled Senate.
