Reuters — U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s biofuels policy. Trump has called the talks between Big Corn and Big Oil amid rising concern in […] Read more
Tag Archives biofuel — page 14
Trump pushes for more talks after ‘no deal’ on biofuels
Canola biodiesel processor in receivership
An eastern Saskatchewan biodiesel processor using growers’ heated, green, spring-harvested, tough and otherwise off-spec canola for feedstock is in receivership. Saskatchewan Court of Queen’s Bench on Thursday appointed Calgary-based insolvency trustee Hardie and Kelly as the receiver for Milligan Biofuels, which operates at Foam Lake, about 90 km northwest of Yorkton. Alberta’s Crown lending agency […] Read more
Trump open to biofuel policy reform, senators say
Washington | Reuters — U.S. President Donald Trump is open to reforming the country’s biofuels policy if it can be done in a way that protects jobs in both the refining and agriculture industries, senators said on Thursday after a meeting with Trump on the issue. Nine lawmakers had requested the meeting to argue that […] Read more
U.S. grains: Corn firms on short-covering at month’s end
Chicago | Reuters — U.S. corn futures rose on Thursday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Wheat futures on the Chicago Board of Trade ended mostly lower, with nearby contracts pressured by heavier-than-expected deliveries against the December contract on first notice day. Soybeans fell, led […] Read more
U.S. EPA ups biofuel targets slightly
Reuters — The U.S. Environmental Protection Agency said on Thursday it will require fuel companies to blend slightly more biofuels into the nation’s gasoline and diesel next year, angering oil refiners who view them as a competitive threat. The announcement follows weeks of lobbying by Midwestern lawmakers and representatives of the corn industry who wanted […] Read more
U.S. EPA abandons changes to biofuel program
New York | Reuters — The U.S. Environmental Protection Agency has backed off a series of proposed changes to the nation’s biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand, according to a letter from the agency to lawmakers seen by Reuters. EPA Administrator Scott Pruitt said in […] Read more
ICE weekly outlook: Canola facing uphill climb
CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
Court decision may boost biofuels, hit refiners
New York / Reuters – The U.S. government may have to require more biofuels to be blended into the country’s fuel supply after a court ruled on Friday that the mandates must be reconsidered, a decision that boosted renewable fuel credits to seven-month highs on financial markets. The decision sank stock prices of independent refiners […] Read more
U.S. proposes cutting biofuels requirements due to ‘market realities’
New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more
White House still weighing U.S. biofuels program change
Washington | Reuters — The Trump administration is reviewing the possibility of a key change to U.S. biofuels policy requested by oil refiners and Carl Icahn, the billionaire investor and special advisor on regulations to President Donald Trump, a White House official said Monday. The administration has no position “either way on this issue at […] Read more
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