Biofuels
Mitch Hora, CEO of Continuum Ag says at first glance the Senate language on 45Z looks more favorable than the House.
Jerry Gulke, president of the Gulke Group, says the news EPA is raising blending mandates for biomass-based diesel above expectations came as a surprise but was positive for farmers and the biofuels industry.
The Environmental Protection Agency (EPA) proposed record blending mandates for biomass based diesel in the Renewable Fuels Standard.
The Office of Management and Budget is currently holding stakeholder meetings on the mandated biofuels blending levels. However, EPA is also considering the backlog of Small Refinery Exemptions.
Recent rumors put volumes for biomass-based diesel at 4.65 billion gallons, but Paul Winters, director of public affairs, Clean Fuel Alliance America, says EPA has assured them that number is false.
The bearish tone of the grain markets, especially corn and bean oil, stems from a lack of progress on tariffs and trade deals as well as speculation regarding the blending mandates for biomass-based diesel.
Soybeans and cotton are currently taking the brunt of Trump’s still-developing trade policies, and one ag economist thinks its still too early to tell how the situation will impact renewable fuels and land ownership.
Kurt Kovarik, vice president of federal affairs, Clean Fuels Alliance America, says it is a historic agreement.
A rare coalition of oil and biofuel interests met with the Environmental Protection Agency (EPA) on Tuesday to push for significantly higher Renewable Volume Obligations (RVOs).
In a major boost to rural energy development, USDA Secretary Brooke Rollins announced the release of $537 million in obligated funding under the Higher Blends Infrastructure Incentive Program (HBIIP).