A volatile ethanol market has been driving gasoline prices higher since early February because most gasoline sold in the U.S. has about 10% of the corn-based biofuel.
Two groups representing the ethanol industry have petitioned the U.S. Supreme Court in hopes of getting California's low carbon fuel standard overturned following a January defeat at the circuit court level.
Soybean oil remains the leading feedstock in biodiesel in 2013, making up more than half of all biomass resources used to produce biodiesel, according to federal data released this week.
Growth in the number of E-85 fueling stations has slowed since 2011, as demand has fallen for the higher-blend ethanol fuel blend, according to federal data.
The U.S. Environmental Protection Agency proposed reducing the amount of ethanol that's required to be blended with gasoline Friday for the first time since a 2007 law setting aggressive targets for the corn-based fuel.
E15 is not permitted for use in motor vehicles built prior to 2001-MY and in off-road vehicles and equipment, such as boats and lawn and garden equipment.
The Sales NetWork launched a new website for customers looking to buy and sell used alternative-fuel vehicles and equipment.
This is another setback for the ethanol industry, as the U.S. government let the tax credit of $0.45 per gallon for ethanol blenders expire on Dec. 31, 2011.
The EPA granted the waiver after reviewing recently completed testing and data on E15’s effect on emissions from specific vehicles.
The legislation extends through 2011 the 45 cent a gallon ethanol tax credit and a 54-cent tariff on imported ethanol.
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