Thursday, March 16, 2006

[Ethanol] Exxon Mobil CEO calls for an end to ethanol subsidies Exxon Mobil Corp., after posting a record $36.1 billion in profit last year from surging oil prices, said the United States should end 28 years of subsidies for a competing fuel made from corn because the subsidies benefit domestic growers. ... Tillerson rejected President George W. Bush's call for increased government aid for ethanol, a form of grain alcohol that's blended into about one-third of U.S. gasoline. Surging energy prices helped Exxon to the most profitable year ever for a U.S. company. Tillerson's comments drew the ire of corn and ethanol producers. "In the face of pornographic profits being made by oil companies and the reality of higher gas prices this year, it is outrageous for an executive for big oil to actually suggest getting rid of the tax credit for ethanol," said Brian Jennings, executive vice president of the American Coalition for Ethanol in Sioux Falls, S.D. ... [Source: Detroit Free Press via RenewableEnergyAccess.com, 3/10/06] 4:45:40 PM Google It!    [Biofuels] Biofuel processor on way to UNH A partnership between the University of New Hampshire and a North Conway company could prove to be a major breakthrough in biofuel development and usage. MBP, Bioenergy has been awarded a contract to provide its patent-pending biofuel processor for use at the UNH campus in Durham. ... the processor will be used to process and convert waste vegetable oil produced in campus dining facilities into usable biofuels. The finished biofuel product, which is said to be 100 percent biodegradable, will then be used as fuel on campus in several different areas, including to heat Woodman Farm, greenhouses and select buildings, and to power off-road diesel equipment. [Source: Portsmouth (NH) Herald via RenewableEnergyAccess.com, 3/14/06] 4:38:13 PM Google It!    [Alternative fuels] Alternative Fuel Bill Heads to Governor's Desk in Indiana To study a variety of renewable energy resources, alternative fuel House Bill (HB) 1285 recently passed out of the Indiana House of Representatives by 86-0. It calls for the Environmental Quality Service Council (EQSC) to study the most effective way of implementing the Renewable Fuels Standards of the federal Energy Policy Act of 2005 for the State of Indiana. Such a standard would require all gasoline sold in the state to contain ethanol, which is made from corn, and all diesel fuel sold to contain biodiesel, which is made from soybeans. The bill will now move to Governor Daniels' desk for consideration. [Source: RenewableEnergyAccess.com, 3/14/06] 4:36:38 PM Google It!    [Biofuels] Biofuels Mandated for Wisconsin State Agencies, Fleets Wisconsin Governor Jim Doyle issued an Executive Order this week that expands the state's commitment to renewable fuels, takes an important step forward in making Wisconsin the nation's ethanol leader, and increases the state's independence from foreign oil. [Source: RenewableEnergyAccess.com, 3/10/06] 4:35:15 PM Google It!    [Biofuels] Ford Executive Pushes for Biofuels in Senate Testimony Policies are needed to support an aggressive, integrated approach by industry and government stakeholders to develop renewable fuels and advanced technology vehicles to overcome the nation's future energy needs. In the Senate Energy and Natural Resources Committee, a Ford executive called on lawmakers to "act with urgency" to implement rapid production of renewable fuels, and the infrastructure to support them. [Source: RenewableEnergyAccess.com, 3/10/06] 4:31:16 PM Google It!

© Copyright 2006 Laura L. Barnes. Last update: 4/6/2006; 2:30:52 PM.