The owner of a western Indiana ethanol plant is blaming its shutdown on the Trump administration’s decision to allow some refineries to not blend ethanol with gasoline as required under federal law.
A biofuel deal between the two nations would come as a relief for the U.S. ethanol industry, which has been beset by a supply glut and the weakest margins in more than 15 years.
South Dakota-based Poet made the announcement Friday in conjunction with President Donald Trump’s planned visit to Indianapolis on Saturday to give a speech during the annual FFA convention. In his appearance, Trump is expected to talk about the administration’s effort to help farmers by being more ethanol-friendly.
Record stockpiles of ethanol are forcing some biofuels producers into the ranks of energy companies that are slowing operations in the face of $30-per-barrel crude oil.
Chad and Craig Ducey of Fishers and Chris Ducey of North Webster have pleaded guilty to participating in a biofuels scam that federal investigators are calling “one of the largest tax and securities fraud schemes in Indiana history.”
The Indianapolis Department of Public Safety could save $8.6 million over the next five years by replacing 1,035 non-patrol vehicles with plug-in electric hybrids, according to an internal review released Tuesday.
Fuel savings and environmental benefits might not be worth the higher cost of such vehicles.
E-biofuels LLC in Middletown has fallen into liquidation, listing debts of $17.3 million. The closing of the plant leaves four remaining facilities in the state capable of producing biodiesel fuel.
Indianapolis truck dealer Utility-Peterbilt leased its first hybrid medium-duty truck this summer after enduring months of
tire-kicking but no action from fleet buyers and plenty of interest from television-news types.
The list of potential Hoosier ethanol plants is nothing short of astounding for a state that had just one ethanol-fuel distillery
as recently as 2005. Beyond the six ethanol plants now operating and six others under construction, Purdue University agricultural
economist Chris Hurt counts 27 others under consideration for Indiana.