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<div class="image-container float_right" style="width:480px"><div class="image"><a href="http://pictures.reuters.com/C.aspx?VP3=SearchResult_VPage&amp;VBID=2C0BXZ6NJ5GKL&amp;SMLS=1&amp;RW=1491&amp;RH=855#/SearchResult_VPage&amp;VBID=2C0BXZ6NJ5GKL&amp;SMLS=1&amp;RW=1491&amp;RH=855&amp;PN=1">Reuters/Karl Plume</a></div></div>Walls are generally bad. Just ask the Chinese, the East Germans, or Roger Waters. 
The U.S. is about to slam head-first into its own barrier: the renewable fuel "blend wall."
This is the limit on the amount of <keyword id="6533570" type="COMPANY" weightage="60" keywordseo="Ethanol">ethanol</keyword> — aka corn byproduct — refiners are capable of adding to consumer gasoline.
The reason why they aren't adding more: Americans aren't using as much gas as they did when the current renewable fuel standard was passed.
That was 2007 — the idea was to both curb fossil fuel use and reduce dependence on overseas oil. Congress said refiners must blend an ever-increasing amount of ethanol into their products, and must hit 36 billion gallons of renewable fuel by 2022 — regardless of how much fuel is actually in demand.
And since 2007, U.S. fuel use has plummeted. <a href="http://www.bloomberg.com/news/2013-06-26/epa-says-ethanol-bounty-may-push-refiners-over-blend-wall.html">According to Bloomberg's Mark Drajem</a>, average daily gasoline use in 2012 was 8.3 percent lower than in 2007.
In theory, refiners could get around the problem by using a higher concentration of ethanol.
But that's actually another constraint: refiners are basically confined to using a blend with very low ethanol concentration — E10 (which is 10% ethanol).
That's because there are lots of hurdles to using blends with the highest ethanol content. E85 can only be used in flex-fuel vehicles, and the infrastructure capable of transporting and storing even E15 remains limited. 
So what's the answer?
Refiners seeking to bypass the requirement are supposed to buy renewable identification numbers — RINs.
<a href="http://www.cnbc.com/id/100866132">But as Reuters' Gerard Wynn writes</a>, demand — and prices — for RINs have been skyrocketing, suggesting we're careening into the wall. 
RIN prices surged $0.12 yesterday to reach a new all time high of $1.32. And those prices are going to be passed on to consumers. 
The ethanol industry <a href="http://www.bloomberg.com/news/2013-03-14/ethanol-rins-aren-t-raising-gasoline-prices-rfa-s-dinneen-says.html">has denied there's a correlation</a> between higher <keyword id="154077" type="UNKNOWN" weightage="60" keywordseo="gas-prices">gas prices</keyword> and increasing RIN rates. 
But that was in March, when prices were barely over a dollar. The EIA says there's some evidence RIN prices could already be driving diesel and jet fuel higher.
The <keyword id="52232" type="ORGANIZATION" weightage="60" keywordseo="EPA">EPA</keyword> is expected to finalize its targets for ethanol consumption in 2013 within the next two weeks.
“It’s really not a pretty picture next year,” an East Coast ethanol blender told him.

How A 2007 Ethanol Law And A Decline In Driving Could Be Contributing To A Rise In Gas Prices

<keyword id="2258380" type="UNKNOWN" weightage="80" keywordseo="Gulf-Petrochem">Gulf Petrochem</keyword> is going to set up an <keyword id="6533570" type="COMPANY" weightage="80" keywordseo="Ethanol">ethanol</keyword> manufacturing plant in India at the cost of Rs 1,000-crore, said a senior company executive. 

	It has been a decade since the government decided to blend 5% ethanol with fossil fuel to cut vehicular emissions, a measure that was later made mandatory. But India is far from reaching the target, managing at most 2% blending as oil marketing firms say there is not enough ethanol available, reported the Economic Times. 
 

	The country required more that 115 crore litres of ethanol to meet its target. But Indian units manufacture only 80 crore litres, creating a big gap between demand and supply for the product. 
 

	According to ethanol manufacturers who are mostly sugar makers, state levies and the price fixed by the Centre Rs 48.50 a litre is a deterrent to capacity expansion. 
 

	Manan Goel, Gulf Petrochem's group director, told ET: "We want to grow in India. Besides our oil business, we have diversified into steel. Now we want to get into ethanol manufacturing." 
 "States have been inviting <keyword id="6362476" type="ORGANIZATION" weightage="80" keywordseo="investments">investments</keyword> so we are looking for a site where we can get the land closer to the raw material availability," he said. The UAE-headquartered entity Gulf Petrochem, a company promoted by brothers <keyword id="122306" type="PERSON" weightage="60" keywordseo="Ashok-Goel">Ashok Goel</keyword> and <keyword id="2550855" type="UNKNOWN" weightage="80" keywordseo="Sudhir-Goyel">Sudhir Goyel</keyword>, has been mainly into oil trading, refining and bunkering. It now wants to enter the ethanol market with a production unit that would make around 60,000 kilolitres of ethanol by 2017-18. 

	While almost 90% of India's ethanol is manufactured from feedstock of molasses, the company may adapt a technology that uses rice husk.
 "There is a big market for ethanol and even at the fixed price the project is viable. The government has indicated that if there is ethanol available at the fixed price, oil marketing companies will buy it," said Brij <keyword id="235220" type="PERSON" weightage="80" keywordseo="Mohan-Bansal">Mohan Bansal</keyword>, <keyword id="210845" type="POSITION" weightage="80" keywordseo="Strategic-Advisor">strategic advisor</keyword> to the company. 

	Bansal said that so far the ethanol manufacturing units have been concentrated in states that produce sugarcane and, therefore, Gulf Petrochem is looking at other states which don't have enough capacity.
 

	It has shortlisted Punjab, Haryana and Madhya Pradesh and would finalise a site soon. 
 

	The current government is exploring increasing ethanol content in auto fuels to 10%. 

	 
	(Image: Gulf Petrochem website)

Gulf Petrochem investing Rs 1,000-crore to set up ethanol plant in India

New Delhi, Dec 1 () Indian alcohol manufacturers have approached NITI Aayog, seeking exemption of import duty on extra neutral alcohol (ENA), which is the primary raw material for making alcoholic beverages.
 The alcohol manufacturers have pleaded that there is a massive shortage in domestic supplies of ENA following diversion of ethyl alcohol for bio-fuel blending by oil marketing companies (OMCs) in the country.
 "Short availability of ENA (high-purity ethyl alcohol) has placed domestic alcoholic beverage industry in a precarious situation. Price of ENA, which was around Rs 45 per bulk litre until recently, is now breaching Rs 60 mark. Even at this price, the supply is uncertain and under stress," Confederation of Indian Alcoholic Beverage Companies (CIABC) Director General Vinod Giri said in a letter to NITI Aayog CEO Amitabh Kant.
 The CIABC, in its letter, said recent floods in Maharashtra and Karnataka have adversely impacted sugarcane crop in the region which shall worsen the supply of ENA even further and therefore, it is of the view that the Commerce Ministry may be advised to allow imports of ENA exempt from import duty until domestic supply improves. 
 High import duty is a big hinderance for import of ENA from international market. 
 The price of ENA in international market is around Rs 50 per litre. At current duty (150 per cent), imported ENA will cost Rs 125 per litre which is unsustainable. But with no or marginal duty, price can be at Rs 50 to 55 per litre. Availability of ENA at such prices will make it sustainable for the industry, the CIABC said.
 Reduced availability of the primary raw material endangers the survival of the industry and all those who depend on it for livelihood, it added.
 Alcohol industry contributes almost Rs 2 lakh crore by way of various taxes, sustains livelihood of nearly 40 lakh farmers, and employs nearly 20 lakh people directly and indirectly. 
 Tax revenues from alcoholic beverages consist of 20 to 40 per cent of most states' tax receipts. This way, the alcohol industry is one of the largest contributors to the Indian economy, it added.
 Terming the availability of ENA as a multi-ministry issue as it is also being used for bio-fuel, Giri said the Centre is pushing hard for blending ethanol in auto fuels to reduce import dependence in petroleum, but shortage of ENA and its growing costs will make the move economically unsustainable for OMCs and fail to achieve blending target from current level of 7.2 per cent to 20 per cent.
 "We have already said this to Petroleum Ministry in our letter written a couple of months ago," he added.
 According to CIABC estimates, annual ethyl alcohol production in the country is 420 crore litres. Of this, contracts concluded by OMCs for supply towards blending with auto fuel in the year 2018-19 were at 269 crore litres at current level of 7 per cent ethanol addition (blending with petrol). That leaves a balance of 151 crore litres for all other uses, whereas the demand is 260 crore litres.
 While alcoholic beverages industry needs 190 crore litres ethyl alcohol, chemical industry requires another 70 crore litres. There is a shortfall of 109 crore litres, which would only grow with higher levels of blending with fuel targeted by OMCs.
 Higher ENA cost will make blending a cost ineffective option for OMCs. It costs OMCs between Rs 35-40 for a litre of fuel, averaged for diesel and petrol if they source crude from international market at prevailing prices of around USD 58 a barrel and process it.
 It will severely impact their bottom lines if they are made to buy ethanol at a cost of Rs 50 plus per litre and blend it in a ratio of up to 20 per cent. Thus, a commercially sustainable policy is needed, the body pleaded.
 Demanding restriction in ethanol blending in auto fuels to realistic levels based on availability of alcohol, Giri said the government should immediately limit sourcing of ethanol for blending in fuel to molasses-based distilleries, cellulosic material-based distilleries and sugar factories.
 He further suggested that the government should also exclude grain-based alcohol from ethanol blending to make it exclusively available to potable alcohol industry,
 "We have urged the government to explore new innovative alternatives for making bio-fuel. Paddy stubbles which are being burnt causing air pollution in and around Delhi, for example, can be converted into ENA. Other sources like corn etc can also be looked into to generate ENA," he added. KKS RVK

Alcohol manufacturers plead NITI Aayog for import duty exemption on ENA

<ul><li>Sugar producing company stocks have rallied up to 25% in the last one month on excitement of double incentive by the government for producing ethanol.</li><li>The government is taking several steps to boost <keyword id="1992365" type="General" weightage="20" keywordseo="ethanol-production" source="Orion">ethanol production</keyword>, which can be used as an alternative to fuel in car engines and thereby reduce air pollution.</li><li>The government has already addressed auto makers to start manufacturing <keyword id="10975219" type="General" weightage="20" keywordseo="flex-fuel-vehicles" source="Orion">flex fuel vehicles</keyword>, automobiles which can run on ethanol.</li></ul>Most sugar manufacturing companies have witnessed the best year as their share price doubled or even tripled in 2021 led by improving outlook and government measures to support such companies. In the last one year, the government has come out with a slew of measures to encourage sugar mills to produce ethanol. Ethanol is an alcohol-based fuel produced by fermenting the sugarcane juice. Ethanol has been a game changer for the sugar industry In October, 2021, the government announced an incentive to encourage sugar companies to divert excess sugar cane stock in producing ethanol, which can be blended with petrol and used as fuel in vehicles. Besides, this is also a good solution to address the problem of excess sugar production in the country. Stock prices of many sugar companies doubled in 2021. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sugar producing companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in last one month </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2021 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bannari Amman Sugars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">25% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Shree Renuka Sugars </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">22% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">153% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Uttam Sugar Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">21% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Hindustan Sugar </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">17% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">139% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Balrampur Chini Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">16% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">109% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Avadh Sugar &amp; Energy </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">15% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">113% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dhampur Sugar Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">81% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dwarikesh Sugar Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">130% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Triveni Engineering and Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">212% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dalmia Bharat Sugar &amp; Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">167% </td></tr></tbody><tbody></tbody></table>Government’s measures to boost ethanol production In an effort to reduce import of petroleum products, the government has been encouraging farmers to produce ethanol that can be blended with petrol and used as a fuel in vehicles. Also, the centre has advised auto makers to manufacture flex fuel vehicles that are capable of running on both ethanol-based fuel and petrol. Maruti Suzuki, Toyota, Honda, BMW and Mercedes have been told to make vehicles that can run on ethanol based fuel, said Union Minister for Road Transport and Highways Nitin Gadkari in an Agro-Vision event in Nagpur this week while encouraging farmers to grow more sugarcane plants. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div>The move is in line with the government’s target to reduce the carbon emissions by one billion tonnes by 2030. Analysts say sugar industry has a long way to go Sugar industry in India is expected to grow by 6-7% in the years 2021-2022 due to growth in exports of sugar and ethanol, said Manoj Dalmia, founder and director, Proficient equities. “Exports taking place from India will rise as Brazil is facing weather changes impacting crops. India is to register exports of around 4-6 million tonnes for (sugar 2022). Government plans 20% ethanol blending by 2025 in petrol, currently it is 10%. This measure will reduce the debt burden on farmers as a result sugar stocks are to grow,” said Dalmia. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/six-reasons-why-indias-central-bank-believes-cryptocurrencies-threaten-financial-stability/articleshow/88588170.cms">Six reasons why India’s central bank believes cryptocurrencies threaten financial stability</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/rbl-banks-stock-slumped-nearly-10-even-as-rbi-approves-interim-head-for-the-bank/articleshow/88584214.cms">RBL Bank slides back to its lowest in a year despite a new chief and RBI's assurances</a>

Sugar companies witness a sweet rally on ethanol excitement that may continue in 2022 as well

Auto companies may soon be asked to manufacture passenger and commercial vehicles that run on multiple fuel configuration aimed at reducing the use of polluting fossil fuels and cutting down harmful emissions. New guidelines for use of flexible fuel vehicles (FFVs) using flex engines is expected to be issued by the third quarter of current year (<keyword id="5027223" type="COMPANY" weightage="20" keywordseo="FY22">FY22</keyword>) that would specify engine configuration and other changes required in vehicles to conform to stipulated changes in fuel mix. The government is also working on an incentive scheme to promote manufacture and use of flex engines in vehicles. The details would be specified when policy in this regard is unveiled. The use of flexible fuel vehicles (FFVs) is being actively looked at by the government to ensure increased use of bio-fuels for running vehicles, <keyword id="84980" type="COMPANY" weightage="20" keywordseo="petroleum">Petroleum</keyword> Secretary Tarun Kapoor had told <keyword id="105681" type="COMPANY" weightage="20" keywordseo="IANS">IANS</keyword> earlier. An FFV is a modified version of vehicles that could run both on gasoline and doped petrol with different levels of ethanol blends. These are currently being used successfully in Brazil, giving people the option to switch fuel (gasoline and ethanol) depending on price and convenience. In fact, a majority of vehicles sold in Brazil are FFVs. For <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>, FFVs will present a different advantage as they will allow vehicles to use different blends of ethanol mixed petrol available in different parts of the country. The current regulations allow for mixing up to 10 per cent ethanol in petrol. However, due to short supplies and transportation challenges, 10 per cent blended petrol is available only in 15 states while bio-fuel in other states varies between 0 to 5 per cent. FFVs will allow vehicles to use all the blends and also run on unblended fuel. Introduction of FFVs will require adoption of vehicle standards, technologies and retrofitting configurations that will have to be looked at by the Ministry of Heavy Industries. The country is moving quickly in the direction of E-20 or 20 per cent ethanol blended petrol fuel that could be introduced as early as 2023 with a nationwide roll out by 2025. The urgency for policy of vehicle is keeping these goals in mind. For auto companies, introduction of FFVs will pose another challenge that they are already facing with the fast adoption of electric vehicles. If standards on FFVs are made mandatory, it would require additional investment in production lines and technology transfers to change the character of the vehicles. Already the use of 10 per cent ethanol blended petrol and introduction of BS VI fuel have added to the cost of making a vehicle. Taking blending to 20 per cent require few minor changes in vehicle configuration, but adoption of FFVs will future proof the design to adopt to any more changes in blending options and configuration. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/google-is-working-on-a-new-app-to-let-you-store-your-medical-records/articleshow/84059948.cms">Google is working on a new app to let you store your medical records</a> <a href="https://www.businessinsider.in/tech/apps/news/battlegrounds-mobile-india-official-download-link-how-to-update-bgmi-rewards/articleshow/84058116.cms">Battlegrounds Mobile India launched officially – here’s how to update, claim rewards and more</a> <a href="https://www.businessinsider.in/business/startups/news/failure-to-pivot-covid-19-blues-force-amazon-backed-shuttl-to-look-for-a-buyer/articleshow/84056797.cms">Failure to pivot, COVID-19 blues force Amazon-backed Shuttl to look for a buyer</a>

Government may issue guidelines for 'flexible fuel' vehicles by October

<ul class="summary-list"><li>Biden will allow sales of E15 ethanol-blended <keyword id="11955852" type="UNKNOWN" weightage="60" keywordseo="gas" source="Orion">gas</keyword> this summer, the <keyword id="11896084" type="UNKNOWN" weightage="60" keywordseo="white-house" source="Orion">White House</keyword> said Tuesday.</li><li>It said the move is aimed at counter soaring fuel prices which followed <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword>'s invasion of <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>.</li></ul>President <keyword id="99719" type="UNKNOWN" weightage="60" keywordseo="joe-biden" source="Orion">Joe Biden</keyword> will allow E15 ethanol-blended gas to be sold throughout the US this summer, the White House <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/04/12/fact-sheet-using-homegrown-biofuels-to-address-putins-price-hike-at-the-pump-and-lower-costs-for-american-families/">said</a> Tuesday, as part of measures to tackle <a href="https://www.businessinsider.com/uber-driver-working-less-due-to-rising-gas-prices-2022-3?r=US&amp;IR=T">soaring fuel prices</a> in the wake of Russia's invasion of Ukraine. E15 <keyword id="12360876" type="UNKNOWN" weightage="60" keywordseo="gasoline" source="Orion">gasoline</keyword>, which is gasoline blended with 15% <keyword id="12510895" type="UNKNOWN" weightage="60" keywordseo="ethanol" source="Orion">ethanol</keyword>, is banned in most of the US during the summer because of air pollution concerns. But the White House said that the Environmental Protection Agency (EPA) is planning to issue a national emergency waiver which would allow E15 to be sold between June 1 and September 15.The White House said that E15 is on average $0.10 per gallon cheaper than other gas. Using more E15 would bring down prices and reduce dependency on foreign fuels, it said in a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/04/12/fact-sheet-using-homegrown-biofuels-to-address-putins-price-hike-at-the-pump-and-lower-costs-for-american-families/">press release</a>.<a href="https://www.businessinsider.com/biden-us-ban-russian-oil-natural-gas-coal-imports-report-2022-3?r=US&amp;IR=T">The US banned imports of oil and natural gas from Russia</a> on March 8, causing global oil and petroleum product prices to rocket.As of Tuesday, gasoline cost on average $4.098 per gallon in the US, according to the <a href="https://gasprices.aaa.com/">AAA</a>. Prices have retreated from a peak of $4.331 reached on March 11, but still remain considerably higher than this time last year."An emergency waiver can help increase fuel supplies, give consumers more choice to get lower prices, and provide savings to many families," the White House said, adding that the EPA would work with states to ensure there are no significant air quality impacts.But Lenny Rodriguez, an oil analyst at S&amp;P Global, <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/041222-biden-to-announce-us-epa-emergency-waiver-allowing-summer-e15-fuel-sales">said</a> that the slightly lower <keyword id="11917806" type="UNKNOWN" weightage="60" keywordseo="energy" source="Orion">energy</keyword> content of E15 means that "motorists will see lower mileage per gallon than usual and might end up needing to fill up their tanks more frequently."The White House said that E15 is currently offered at 2,300 gas stations in the country, though S&amp;P Global noted that these are mostly located in the Midwest. E10 gasoline, which has a lower concentration of ethanol, is more widely available, and throughout the year, according to S&amp;P Global."We obviously expect an uptick in E15 sales this summer due to greater overall gasoline consumption, greater availability of E15, and E15 selling at a discount to E10 at the pump," Corey Lavinsky, global manager of biofuels analytics at S&amp;P Global Commodity Insights, said.But he noted that the additional ethanol volumes sold during the summer if the waiver is implemented "should be relatively small, roughly 25 million gallons."

Biden to allow E15 ethanol-blended gas to be sold throughout the US this summer to counter soaring fuel prices

The government has increased ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in 2022 and advanced its target to achieve 20 per cent ethanol blending in petrol from 2030 to 2025-26, Petroleum Minister Hardeep Puri said on Tuesday. He said that <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> has been able to navigate through the most formidable energy crisis the world has seen since the 1973 oil crisis thanks to its energy security strategy focussing on diversification of energy supplies, increasing India's exploration and production footprint, and meeting energy transition through the gas-based economy, <keyword id="8411893" type="General" weightage="80" keywordseo="green-hydrogen" source="Orion">Green Hydrogen</keyword> and electric vehicles. Puri said that India has increased the number of its crude oil suppliers from 27 countries in 2006-07 to 39 in 2021-22, adding new suppliers like Columbia, <keyword id="6358826" type="General" weightage="50" keywordseo="russia" source="Orion">Russia</keyword>, <keyword id="6354786" type="General" weightage="20" keywordseo="libya" source="Orion">Libya</keyword>, Gabon, and Equatorial Guinea among others. "At the same time, we have strengthened our relationship with countries like US and Russia," he added. The minister further said that diesel prices, in India between December 2021 and December 2022 rose by only 3 per cent, going up by 34 per cent in the US, 36 per cent in Canada, 25 per cent in <keyword id="6363645" type="General" weightage="20" keywordseo="spain" source="Orion">Spain</keyword>, and 10 per cent in the UK. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/british-company-develops-the-first-ever-tractor-that-runs-completely-on-cow-dung/articleshow/96882132.cms">British company develops the first-ever tractor that runs completely on cow dung</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/amazon-great-republic-day-sale-to-begin-on-january-16-for-prime-members/articleshow/96885798.cms">Amazon Great Republic Day Sale to begin on January 16 for Prime members – sale dates, card offers and more</a>

Ethanol blending hiked from 1.5% to 10% since 2013-14: Govt

<ul class="summary-list"><li>Ron DeSantis supported killing a federal mandate that is prized by the ethanol industry.</li><li>DeSantis' past votes are being scrutinized ahead of an expected presidential campaign.</li></ul>Florida Gov. Ron DeSantis' potential bid to dethrone former President Donald Trump could hit a critical snag in Iowa, home to the first-in-the-nation caucuses. DeSantis, like many other House conservatives, was previously opposed to a federal mandate that has helped spur domestic ethanol production. As a Floridian, he faced little to no cost for such a view. As a now likely future presidential candidate, he will have some explaining to do.<h2>DeSantis voting record is already a punching bag </h2>DeSantis' potential rivals have already <a href="https://www.businessinsider.com/ron-desantis-voting-record-vulnerabilities-congress-2024-trump-biden-2023-2">begun tearing into his record</a>. He hasn't even announced a campaign yet.Former President Donald Trump and President Joe Biden <a href="https://www.businessinsider.com/ron-desantis-voting-record-vulnerabilities-congress-2024-trump-biden-2023-2">have made it clear</a> that they'll go after his votes to <a href="https://www.businessinsider.com/biden-leans-into-attacking-gop-on-medicare-and-social-security-pre-2024-2023-2">fundamentally change Medicare and Social Security</a>. Former UN Ambassador Nikki Hayley, the only other major GOP candidate at the moment,<a href="https://www.usatoday.com/story/news/politics/2023/02/17/washington-congress-live-news-updates/11273697002/" target="_blank" rel="noopener"> blasted DeSantis</a> for not going far enough with a parental education rights bill that critics tagged as "Don't say gay." While New Hampshire Gov. Chris Sununu <a href="https://www.nytimes.com/2023/02/20/us/politics/chris-sununu-republican-president-2024.html" target="_blank" rel="noopener">went after the Floridian</a> for targeting private businesses, a likely nod to Florida's efforts to punish Disney after the company criticized the parental rights bill.But primaries are not won in debates; they're won in states. One of those states is Iowa, and one bill in particular could jeopardize his fate there. Less than a year before he announced his gubernatorial run, the then-Florida congressman <a href="https://www.congress.gov/bill/115th-congress/house-bill/1314/text?s=1&amp;r=1" target="_blank" rel="noopener">co-sponsored legislation in 2017</a> that would have immediately ended the Renewable Fuel Standard, a mandate that requires renewable fuel to be blended into the nation's fuel supply. The federal mandate applies to multiple categories of biofuels, but it's main requirements are met by corn starch ethanol. Iowa produces more corn than any other state, and a majority of that crop is processed into ethanol along with the byproducts such as livestock feed."If you come to Iowa, you're going to talk about agriculture," Monte Shaw, the executive director of the Iowa Renewable Fuels Association, told Insider. "Over 60% of Iowa's corn crop, which is, of course the largest in the country, goes into an ethanol plant."<div type="image" title="A corn field by an ethanol plant in Nevada, Iowa" height="1249" width="2500" msid="98321148" hostid="261" sizebytes="144088"></div>The bill, written by then-Rep. Bob Goodlatte of Virginia, would have immediately ended the mandate. The mandate is <a href="https://www.feinstein.senate.gov/public/index.cfm/2021/7/feinstein-toomey-menendez-collins-introduce-bipartisan-bill-to-repeal-ethanol-mandate" target="_blank" rel="noopener">not without its detractors</a>. Some conservatives have long loathed it since it's a government mandate on private industry, while <a href="https://www.motherjones.com/environment/2023/01/new-epa-biofuel-standards-ethanol-environmentalists-unhappy/#:~:text=Under%20the%20RFS%2C%20renewable%20fuels,than%20the%20energy%20they%20replace." target="_blank" rel="noopener">some environmentalists question</a> if boosting ethanol is the most environmentally sound policy."He was a congressman from Florida, probably hadn't been to Iowa, probably hadn't toured an ethanol plant, probably hadn't talked to a whole lot of corn growers, quite frankly," Shaw said. "Do I like the fact that this is track record? No. I don't want anyone to dislike ethanol. Is that a deal-breaker? Hell no."Iowa looms large over the modern presidential primary and caucus calendar. At the very least, any candidate who wants to topple Trump will need to finish near the top in the state.<h2>DeSantis won't be alone in facing questions</h2>Trump's own administration was hammered over its handling of the renewable fuel standard. Both of Iowa's Republican senators, Chuck Grassley and Joni Ernst, repeatedly sought to play the then-president against his EPA administrators. The Environmental Protection Agency is <a href="https://crsreports.congress.gov/product/pdf/R/R43325" target="_blank" rel="noopener">responsible for setting standard.</a> The agency also fields requests from smaller oil refiners, which are allowed to ask for waivers if they can prove that the mandate is financially harmful. "Once again, EPA is playing games and not helping President Trump with farmers. An agreement was reached on September 12 in an Oval Office meeting between several Midwest leaders, President Trump and other members of his Administration," <a href="https://www.grassley.senate.gov/news/news-releases/grassley-ernst-statements-epa-s-2020-rfs-rule" target="_blank" rel="noopener">Grassley and Ernst said in a 2019 statement.</a> "This does not reflect what we agreed to in that meeting."Shaw deemed Trump a "mixed bag." He praised the Trump administration for moving to allow a higher-blend of ethanol to be sold at gas stations year-round. Like Iowa's senators, he was also deeply frustrated by how Trump's EPA enforced the renewable fuel standard.Then again, Donald Trump did win the 2016 nomination without Iowa.Former Secretary of State Mike Pompeo, who is weighing a 2024 campaign, may be in more hot water among Iowans.Pompeo took a strong position against a key tax credit for wind energy during his time in Congress. Pompeo delighted in leading the <a href="https://www.politico.com/story/2013/04/stabenow-pompeo-wind-energy-tax-credit-090559" target="_blank" rel="noopener">struggle</a> against <a href="https://www.spokesman.com/stories/2012/nov/13/governors-call-for-renewing-wind-energy-tax-credit/" target="_blank" rel="noopener">the Wind Production Tax Credit,</a> a policy so close to Grassley that the Iowa senator is often called the "father" of it. Iowa is also the<a href="https://www.eia.gov/state/?sid=IA" target="_blank" rel="noopener"> nation's second-largest producer of wind energy.</a> The then-Kansas lawmaker took a strong philosophical stance against government support of specific renewable sources. <h2>No state produces ethanol — or headaches for the GOP — like Iowa does</h2>Iowa is the <a href="https://www.eia.gov/todayinenergy/detail.php?id=53539#:~:text=As%20of%20January%201%2C%202022,%2Fy)%20from%20275%20facilities." target="_blank" rel="noopener">nation's largest ethanol producer.</a> Forty-one plants are based in the state, stretching all the way from Council Bluffs and the Nebraska border to the West to Muscatine and the Illinois border to the East. Last year, the Iowa Renewable Fuels Association said that the state <a href="https://www.desmoinesregister.com/story/money/business/2023/01/10/amid-growing-demand-ethanol-production-in-iowa-sets-recod-group-says/69793252007/" target="_blank" rel="noopener">set another record</a> as it produced 4.5 billion barrels of ethanol. In 2021, the last year for which there is full data, the US in total produced 15 billion barrels.The marriage between a once-nascent industry and Iowa's raw political power is so well known that The West Wing <a href="https://westwing.fandom.com/wiki/King_Corn" target="_blank" rel="noopener">devoted a whole episode</a> to the question of whether aspiring presidents would shuck aside their past views for a chance to win.Shaw said that there are many "myths" about the standard and the caucuses, rejecting that there are any sort of "kiss the ring" moments. Instead, he said his organization uses the caucuses as a tool to educate candidates."Believe me, I wish it was that easy, right?" he said. "It's not what it's like at all. The ethanol industry isn't here because of the Iowa caucuses, we're here because we're the world's cheapest source of fuel octane."McCain spent years ripping federal support of ethanol, including a now-expired subsidy before <a href="https://money.cnn.com/magazines/fortune/fortune_archive/2006/11/13/8393132/index.htm" target="_blank" rel="noopener">slightly softening his stance.</a> As McCain would often say in the state, "I do have a glass of ethanol every morning with Chuck Grassley." But the era of "King Corn" may be ending. <div type="image" title="Ted Cruz speaks to supporters after winning the 2016 Iowa Republican caucuses" height="1249" width="2500" msid="98321149" hostid="261" sizebytes="123094"></div>Texas Sen. Ted Cruz <a href="https://www.desmoinesregister.com/story/news/elections/presidential/caucus/2016/01/19/branstad-says-he-wants-cruz-defeated-iowa/79003590/" target="_blank" rel="noopener">was hammered for months </a>on the campaign trail for wanting to phase out the Renewable Fuel Standard. <a href="https://www.politico.com/story/2016/01/ted-cruz-ethanol-217417" target="_blank" rel="noopener">He appeared to soften his position</a>, though his campaign pushed back on the idea he was changing his views. Ultimately, he emerged victorious, the only Republican not named Donald Trump to win one of the four early states in 2016. He also did so without ever explicitly promising the entirety of what the biofuels industry would want.Iowa is all about the expectations game. Media attention on the top finishers is only likely to increase amid the prospect that it will be Trump's first time on a ballot since losing the 2020 election. Delegate allocation rules mean that no candidate is anywhere close to the nomination even if they emerge victorious, but a poor finish could doom a campaign. For now, whether DeSantis has changed his mind since his time in Congress remains unclear. Representatives for the governor did not respond to Insider's request for comment.

Ron DeSantis' past views could come back to bite him in Iowa, a critical state for any GOP challenger to Trump

New Delhi, Feb 25 () Industry body ISMA on Tuesday revised the country's sugar production upward by two per cent to 26.5 million tonnes for the ongoing 2019-20 marketing year, much lower than last year but enough to meet the local demand. It may be noted that a senior Food Ministry official on February 24 had said the total sugar output would be around 27 million tonnes this year. Indian Sugar Mills Association (ISMA) had in November last year pegged sugar production at 26 million tonnes for the 2019-20 marketing year (October to September) considering fall in sugarcane crop in key growing states, compared with 33.16 million tonnes during the 2018-19 marketing year. Already, about 17 million tonnes of sugar has been manufactured by mills till February 15. Annual sugar consumption in India, the world's second largest producer after Brazil, is about 26 million tonnes. Releasing the latest data, ISMA said: "Sugar production during 2019-20 would be slightly more than what was estimated in November 2019. ISMA has accordingly revised its sugar production estimates upwards from 26 million tonnes to 26.5 million tonnes for 2019-20. The production estimate has been revised after considering reduction of sugar following higher production of ethanol by way of diversion of B-heavy molasses and sugarcane juice, it said in a statement. According to the second estimate, production in Uttar Pradesh, the country's largest sugar-producing state, is estimated to be 11.8 million tonnes this year, almost similar to what the state had produced in 2018-19. However, in Maharashtra, sugar production is estimated to drop by almost 40 per cent to around 6.2 million tonnes in 2019-20 as against 10.72 million tonnes in 2018-19. "Based on our analysis, we expect higher yield from the balance sugarcane available for harvesting which is mainly in areas which are high yielding districts like Kolhapur, Satara, Sangli and Pune," ISMA said. Similarly, in Karnataka, sugar production is estimated to be around 3.3 million tonnes in 2019-20 from 4.43 million tonnes in 2018-19 due to fall in cane acreage by 21 per cent. According to ISMA, there has not been any major changes in the other sugarcane growing states of the country. As per the second advance estimates, other states including Tamil Nadu, Gujarat, Andhra Pradesh and Telangana, Bihar, Punjab, Haryana, Madhya Pradesh, Chattisgarh, Odisha and Uttarakhand are collectively expected to produce about 5.2 million tonne this year. On ethanol supply for blending with petrol, the industry body said 61.63 crore litres of ethanol made from B-heavy molasses and 10.60 crore litres ethanol made from sugarcane juice have been finalised from the first tender. Another tender is under finalisation and is expected that some more ethanol supplies would be contracted, including ethanol from B-heavy molasses and sugarcane juice. ISMA said closing stock of sugar at the end of the current year is expected to be around 10 million tonnes. If the government continues with its buffer stocks of 4 million tonnes next year too, the net available sugar balance for market sale will be around 6 million tonnes, which is considered reasonable, it added. LUX ANSANS

ISMA revises India's sugar output upward by 2 pc to 26.5 million tonnes for 2019-20

<ul class="summary-list"><li><keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> is looking to enter the US market for <keyword id="34553" type="ORGANIZATION" weightage="60" keywordseo="renewable-energy">renewable energy</keyword> credits, unnamed sources told <keyword id="76338" type="CITY" weightage="60" keywordseo="Reuters">Reuters</keyword>. </li><li>The program is currently dominated by ethanol producers, but the White House is expected to include EV makers soon. </li><li>The move could anger oil-refining companies, which will need to buy the credits from Tesla. </li></ul>Tesla is seeking to enter the multi-billion dollar US renewable credit market, hoping to profit from the Biden administration's march toward new zero-emission goals, two sources familiar with the matter said.The electric car maker is one of at least eight companies with a pending application at the Environmental Protection Agency tied to power generation and renewable credits, the sources said. The EPA produces a list of pending applications with some details, but not companies' names.Tesla's entry could potentially reshape the renewable credit market, established in the mid-2000s to boost investment in the US biofuel industry. The market generated some 18 billion credits in 2020 and is currently dominated by ethanol producers. Tesla's application would likely be tied to the production of electricity associated with biogas.The Biden administration is expected to review the EPA applications and lay out how <keyword id="6354973" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles">electric vehicles</keyword> could qualify for tradable credits under the Renewable Fuel Standard (RFS) this summer, the two sources said.Read more: <a href="https://www.businessinsider.com/auto-chip-crisis-is-threatening-recovery-from-the-pandemic-2021-5">The auto industry didn't see the chip crisis coming - and now it's threatening a recovery from the pandemic</a>The move could represent the largest expansion of the RFS program that was created by President George W. Bush and aimed at boosting rural America and weaning the country off oil imports.The entry of Tesla and other EV makers to the renewable <keyword id="6357014" type="ORGANIZATION" weightage="60" keywordseo="energy">energy</keyword> scheme could attract investment for a much-needed infrastructure network, including charging stations, for electric vehicles.However, it is likely to anger some in the US refining industry who would need to buy the credits, known as RINs, generated by Tesla and other alternative fuel providers, essentially subsidizing an electric car company that seeks to put petrochemical refiners out of business.Rural farmers could view Tesla's entry as the Biden White House prioritizing EVs over biofuels as an answer to the climate crisis.<h2>Biogas logistics</h2>In 2016, just before the Obama administration exited office, the EPA published a proposal seeking comment on how best to structure credits for renewable electricity that is used as a <keyword id="34991" type="ORGANIZATION" weightage="100" keywordseo="transportation">transportation</keyword> fuel.The proposal largely sat dormant during the Trump administration, which spent most of its time on fuel credits trying to find common ground among rivals in the corn and oil industries.Electricity from biogas - mainly pulled from the nation's landfills - is already eligible for generating credits under the RFS program, but the EPA has never approved applications to do so because the agency hasn't yet figured out the logistical issues.Key questions include how to trace the credit-eligible biogas from its origin through to a car's battery, and who along that supply chain should be allowed to claim the lucrative credits.Under the RFS, refiners must blend biofuels like corn-based ethanol into their fuel pool or purchase compliance credits in a credit market, where prices have swung wildly in recent years.The program has helped drive investment in ethanol plants in states like Iowa and Nebraska, but liquid fuels have been under attack from the Biden administration.Tesla would generate the most lucrative type of credits, known as D3s, which trade at a significant premium to the larger pool of traditional ethanol credits.As well as building electric cars, Tesla is also investing in charging stations and large-scale batteries.

Tesla has applied to enter the multi-billion dollar US renewable energy credit market, sources say

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul><li>President Donald Trump on Monday ordered cabinet members to alleviate anger from corn farmers over his administration's decision to exempt some refiners from US biofuel laws, <a href="https://www.reuters.com/article/us-usa-biofuels-trump-exclusive/exclusive-trump-orders-cabinet-to-assuage-farmer-unrest-over-biofuel-policy-sources-idUSKCN1VA1V0">Reuters</a> reported.</li><li>The administration granted exemptions to 31 small refineries on August 9, allowing them to use less ethanol when mixing gasoline.</li><li>Ethanol producers and corn farmers lobbied to cut the number of exemptions granted, according to Reuters.</li><li><a href="https://markets.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Visit the Markets Insider homepage for more stories</a>.</li></ul>President Donald Trump ordered cabinet members Monday to alleviate discontent in Farm Belt states over his administration's decision to give 31 small refineries exemptions from US biofuel laws, according to <a href="https://www.reuters.com/article/us-usa-biofuels-trump-exclusive/exclusive-trump-orders-cabinet-to-assuage-farmer-unrest-over-biofuel-policy-sources-idUSKCN1VA1V0">Reuters</a>.The exemptions, granted on August 9, allow the refiners to use a smaller amount of ethanol when mixing their gasoline. Trump's administration has handed out a record number of such exemptions. Refiners are required to blend biofuels such as ethanol into their gasoline or help fund peers that do so. Ethanol producers and corn harvesters lobbied to cut the number of exemptions, according to Reuters. Iowa is the US' largest producer of corn and ethanol, and the state swung to Trump in 2016 after voting for President Barack Obama twice. <a href="https://www.surveymonkey.com/r/BI-Young-Investor-Panel" target="_blank" rel="noopener">Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up.</a>"At a time when ethanol plants in the Heartland are being mothballed and jobs are being lost, it is unfathomable and utterly reprehensible that the Trump administration would dole out more unwarranted waivers to prosperous petroleum refiners," Renewable Fuels Association CEO Geoff Cooper said in a statement following the decision.Trump held a two-hour cabinet meeting during which the matter was discussed on Monday, two sources familiar with the talks told Reuters.<a href="https://markets.businessinsider.com/commodities/corn-price">Corn prices</a> were down about 1.3% as of 2:40 p.m. ET Tuesday, at $3.60 per bushel. Corn closed as much as 12% lower after the administration's August 9 announcement. Now read more markets coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/sarepta-stock-price-tumbles-fda-rejects-duchenne-muscular-dystrophy-treatment-2019-8-1028459705">Sarepta tumbles after the FDA rejects its muscular dystrophy treatment - a decision that left the CEO 'very surprised'</a><a href="https://markets.businessinsider.com/news/stocks/trump-trade-war-strong-dollar-defies-desire-for-weak-currency-2019-8-1028460361">The dollar just hit its highest level of 2019, even as Trump continues his full-court press for a weaker currency</a><a href="https://www.businessinsider.com/raoul-pal-sees-corporate-debt-downgrades-upending-the-pension-system-2019-8">A hedge fund manager who retired at 36 explains how a 'doom loop' in corporate credit is on the verge of upending the pension system</a><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div>

Trump reportedly orders his cabinet to calm farmers' anger over new biofuel exemptions they lobbied against

<ul class="summary-list"><li>Trump slammed Ron DeSantis for previously moving to kill a federal mandate prized by ethanol producers.</li><li>Ethanol is a major industry in the politically important state. </li></ul>Former President Donald Trump on Friday slammed Florida Gov. Ron DeSantis over a past move to end a prized ethanol mandate, foreshadowing a likely primary clash to come in Iowa, the state that will kick off the entire process."Why on earth (farmer's love earth!) would the wonderful people of the GREAT State of Iowa vote for Ron DeSanctimonious when he voted and fought to KILL Ethanol (and will definitely do so if given the chance) ..." Trump wrote in part in an early morning post on his social media platform, Truth.DeSantis, Trump concluded, would "beg for mercy" in Iowa. The former president also touted his own policies, including his overhaul of the North American Free Trade Agreement known as the USMCA. Trump's screed came just before DeSantis made his post-midterm Iowa debut during a Friday afternoon event in Davenport, Iowa, an appearance to ostensibly promote his new bestselling book. In reality, the event and DeSantis' entire book tour provide him an ample opportunity to test out a campaign message before his widely expected announcement later this year. Gov. Kim Reynolds, who is not expected to endorse before the Iowa caucuses, introduced DeSantis. The former president was taking aim at a policy that then-Congressman DeSantis supported. <a href="https://www.businessinsider.com/ron-desantis-2024-past-views-iowa-caucus-ethanol-rfs-2023-2">As Insider previously reported</a>, DeSantis, who was a founding member of the House Freedom Caucus, supported legislation in 2017 that would have immediately ended the Renewable Fuel Standard or RFS. The standard requires specific percentages of renewable fuel to be blended into the nation's fuel supply.The ethanol industry closely protects the mandate since it effectively subsidizes the industry. Iowa is by far the largest producer of corn-based ethanol, which means that crossing the industry comes with immense political peril since the state is also home to the first-in-the-nation Republican caucuses.DeSantis did not discuss ethanol policy <a href="https://www.youtube.com/watch?v=hXLpT9y9MeE">during his Iowa event, </a>rather he received immense applause for recounting his actions during the pandemic. The governor also recounted his tussle with Disney over a parental rights in education law related to when it's appropriate to teach students about gender identity or sexual orientation.

You Searched For "ethanol blending current targets" and got 12 results

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Ron DeSantis' past views could come back to bite him in Iowa, a critical state for any GOP challenger to Trump

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Tesla has applied to enter the multi-billion dollar US renewable energy credit market, sources say

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Trump reportedly orders his cabinet to calm farmers' anger over new biofuel exemptions they lobbied against

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Trump says DeSantis will 'beg for mercy' in Iowa after he once voted to kill a prized ethanol mandate

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