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.
The study conflicts with a study by the U.S. Department of Agriculture that found corn-based ethanol’s greenhouse gas emissions were 39% lower than gasoline over the entire life cycle.
A senior administration official said Monday that the EPA will publish a rule in coming days to allow high-ethanol blends as part of a package of proposed changes to the ethanol mandate.
The Obama administration has failed to study as legally required the impact of requiring ethanol in gasoline, the Environmental Protection Agency inspector general said Thursday.
Ethanol advocates, largely from Midwest farming states, testified that the Environmental Protection Agency's target for biofuels next year again falls short of what Congress had in mind.
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.
The EPA’s rule could revive a congressional debate over the Renewable Fuel Standard and spill over into the presidential campaign, as candidates stump in Iowa and other corn-belt states.
Noble Americas, a U.S. subsidiary of Hong Kong-based Noble Group, bought the plant two years ago after a previous owner went bankrupt and the plant had to close.
Indiana's ethanol producers warned that their industry could face a long-lasting "chilling effect" if the federal government lowers the amount of ethanol blended into the U.S. fuel supply.
Prosecutors say a suspect in a $90 million biodiesel scam in central Indiana made threats to harm or kill people who might give evidence against him.
The consequences from the ethanol era are so severe that environmentalists and many scientists have now rejected corn-based ethanol as bad environmental policy. But the Obama administration stands by it, highlighting its economic benefits to the farming industry.
A joint venture bought the New Energy Corp. plant at auction last week for $2.5 million. New Energy had hoped the auction would cover the company’s $54 million in debt. A large portion of that debt is owed to the U.S. Department of Energy, which guaranteed the original loans.
High corn prices, large ethanol inventories, lower gas prices and lower fuel demand were factors cited for the shutdown.
Livestock and poultry producers formally asked the Obama administration Monday to suspend the nation’s renewable fuels standard because it is causing “severe economic harm” as corn prices surged to a record.
Waning demand for gasoline is putting the United States on course to miss a target for ethanol use for the first time, signaling no let-up in the slide in prices.
The Democrat and Republican running to replace Gov. Mitch Daniels spent most of their Tuesday morning talk with Indiana corn growers and ethanol producers outlining their similarities, starting with the fact that their campaign vehicles run on E85 ethanol blends.