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Event Calendar


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

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
6
San Diego, California
Organizer:
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
6
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
6
Milwaukee, Wisconsin, USA


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Posted on  

August 4, 2000

USDA Plans to Boost Ethanol

The U.S. Agriculture Department proposed to pay companies that make fuel from agricultural commodities as much as $450 million over three years for using more grain to expand ethanol and bio-diesel production.

The USDA would make quarterly cash payments to the nation's more than 50 bio-energy makers under the proposal, if they boosted the use of corn, barley, grain sorghum, oats, rice, wheat, soybeans and other commodities to make cleaner-burning fuels.

Among the beneficiaries could be Archer Daniels Midland Co., which accounts for 42 percent of U.S. ethanol production capacity, as well as Cargill Inc.; Wichita, Kansas-based High Plains Corp.; and Tulsa, Oklahoma-based Williams Cos., among others. Farmers could also be winners at a time of low prices.

The USDA ``is considering a new initiative to accelerate the development and use of bio-based technologies, which would stimulate the industrial use of agricultural commodities into bio- based fuels and products,'' according to the proposal, published in the July 27 Federal Register. That includes diesel-blended fuels, normally made from soybean oil.

U.S. ethanol capacity is about 1.8 billion gallons a year. High Plains Corp., which produces 68 million gallons annually, is already looking into the plan. ``We see this as a positive step where we could potentially benefit,'' said Chris Standlee, head of investor relations.

The proposal comes as farmers are expected to harvest record or near-record corn and soybean crops this fall, with average cash prices for those crops projected to be at their lowest in more than a decade. Subsidizing increased use of farm commodities could reduce supplies and lift market prices.  

 

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