The U.S. Energy Information Admin. (EIA) expects the production of biofuels to continue increasing, but at a relatively slow pace, between 2020-50, according to its Annual Energy Outlook 2020 (AEO2020).
As the political wrangling about Renewable Fuel Standard and Small Refinery Exemptions continues to escalate, the U.S. Energy Information Admn., issued a report that contends that the EPA refinery exemptions reduced renewable fuel blending requirements.
U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler and U.S. Department of Agriculture (USDA) Secretary Sonny Perdue report that President Donald Trump successfully negotiated an agreement on the Renewable Fuel Standard (RFS).
President Donald Trump recently announced that he has directed the EPA to begin rule making that will allow its use regardless of region or time of year. E15 is currently banned during the summer months, based on concerns it contributes to smog, a claim ethanol advocates say is unfounded.
While steel tariffs are currently grabbing most ag headlines these days, possible changes to the Renewable Fuel Standard (RFS) may produce longer term challenges for U.S. agriculture. Battle lines between oil refiners and ethanol producers and their suppliers (corn growers) have been clearly drawn.
The growth in corn ethanol use helped fuel the farm equipment boom between 2008-14. Exports of the fuel additive have contributed to its increasing use during this period as the U.S. exported the fuel to 35 different countries in 2015.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.