Ethanol Updates

US OFFERS $1.5 BLN AID FOR BIOFUEL PRODUCTION
WASHINGTON, Oct 21 (Reuters) – The government is offering more than $1.5 billion in assistance, from field to filling station, to bring next-generation biofuels to market, Agriculture Secretary Tom Vilsack said on Thursday.
Vilsack said the aid would assure renewable fuel consumption reaches 36 billion gallons by 2022, with the bulk of it coming from non-food sources such as grass, algae or woody plants.

 

US TO SUBSIDIZE FARMERS TO GROW NEW BIOFUEL CROPS
WASHINGTON, Oct 20 (Reuters) – The U.S. government plans a half billion dollars in subsidies to help farmers grow the next generation of biomass crops — switchgrass and woody plants instead of corn, farm lobbyists and congressional staff workers told Reuters.
Agriculture Secretary Tom Vilsack will announce the subsidy program on Thursday, they said. An estimated $525 million would be paid over 15 years to defray farmers’ costs.

 

U.S. ETHANOL MAKERS SEEK RENEWAL OF TAX BREAKS
WASHINGTON, Oct 19 (Reuters) – Attacked as subsidy addicts, U.S. ethanol makers may need help from friends in high places, including the White House, to hold on to lucrative tax breaks set to expire at the end of the year.
The industry says it is ready to discuss revisions in the incentives, worth $6 billion a year. An amalgam of foodmakers, livestock producers, environmentalists and deficit hawks say there is no need for subsidies because biofuels are guaranteed by law a share of the motor fuel market.

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