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World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
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National Biodiesel Conference & Expo 2006
February 5-8, 200
6
San Diego, California
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11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
6
Las Vegas, Nevada, USA
Sponsored by:
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22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
6
Milwaukee, Wisconsin, USA


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Posted on  

January 23, 2001

Calif. ethanol advocates shift attention to Bush

Advocates of opening the California fuel market to more ethanol turned their attention to President George W. Bush on Monday, watching for any move on the state's request for a waiver on cleaner-burning fuel.

"It's been said that no news is good news," Rep. Gil Gutknecht, a Minnesota Republican, said in a statement.

That was particularly true on Saturday, Gutknecht said. President Bill Clinton left office without acting on California's request for a waiver from federal requirements for cleaner-burning "reformulated gasoline" -- a close call for proponents of ethanol.

The waiver has been strongly opposed by U.S. ethanol producers and corn growers who are anxious for a huge new market in California. By some estimates, denying California its waiver request could double U.S. ethanol demand and give a big boost to U.S. corn growers.

Sen. Paul Wellstone, Minnesota Democrat, hailed Clinton's decision to leave the issue to Bush.

"This is a major victory for the environment, for family farmers in the Midwest and for rural communities struggling to survive in the face of economic depression," he said.

In the final weeks of Clinton's term, corn growers feared he would grant the waiver as a favor to a state he carried in the 1992 and 1996 presidential elections and which is now in the midst of a severe energy crisis.

Sen. Barbara Boxer, California Democrat, had said she expected Clinton to grant a partial waiver which would reduce the oxygen content requirement to one percent.

In a letter, Sen. Tom Harkin, Iowa Democrat, urged Bush to reject the waiver and make sure that ethanol has a prominent role in the California market.

"The exaggerated claims that the use of ethanol will lead to fuel shortages and price spikes are simply unfounded," Harkin said.

EPA can grant the waiver only if they determine maintaining the two percent oxygen requirement would interfere with the state's ability to meet federal clean air goals, agency officials have said.

ADM 2Q Earnings Jump 22 Percent

World agribusiness powerhouse Archer Daniels Midland Co. reported a 22 percent increase in earnings Friday, posting its most profitable quarter since 1997 thanks in part to soaring ethanol prices and demand.

Net earnings for the company's second quarter were $124.6 million, or 20 cents per share, compared with $101.9 million, or 16 cents per share, a year earlier. Analysts surveyed by First Call/Thomson Financial had forecast per-share earnings at 19 cents.

Sales increased 7 percent, from $4.62 billion to $4.94 billion.

 

 

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