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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
Hosted by:
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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:
Renewable Fuels Association

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


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Posted on  

February 28, 2003

US farmers see ethanol as substitute to foreign oil

USA: February 28, 2003

CHARLOTTE, N.C. - As oil prices continue to rise, legislation that would triple U.S. ethanol production was expected to dominate this week's meeting of two major farm groups.

Some 3,000 members of the National Corn Growers and the American Soybean Association will gather yesterday for an annual meeting focused on U.S. renewable fuels as well as traditional topics such as corn and soybean prices.

Ethanol is distilled mostly from corn and used as an additive for cleaner-burning automotive fuel. It is also seen by some lawmakers as a way to stretch U.S. oil supplies at a time when crude has jumped above $36 a barrel and headed higher in the event of a U.S.-led war against Iraq.

Fred Yoder, president of the National Corn Growers Association, said ethanol, biodiesel and other cleaner-burning fuels were the best fix for the country's dependency on foreign oil. The United States imports more than half of its oil supplies.

"With recent oil price spikes and high gas prices, we think this is a good opportunity for Congress to pass the renewable fuels standard," Yoder said in an interview.

ETHANOL LEGISLATION

U.S. farmers want Congress to pass legislation boosting corn-based ethanol use to 5 billion gallons by 2012, more than double last year's 2.13 billion gallons.

The industry was expected this year to use about 1 billion bushels of corn for ethanol.

Senate Minority Leader Tom Daschle, along with a dozen U.S. farm state senators, earlier this month reintroduced a renewable fuels bill. The Senate passed similar legislation last year with 69 votes, but it ultimately died when Congress failed to pass a comprehensive energy bill.

U.S. President George W. Bush has also endorsed legislation boosting the use of ethanol.

Soybean growers say their crop could also be used for fuel, if tax incentives were offered to help develop the industry.

Biodiesel can be used in its pure form or blended with petroleum diesel to power heavy trucks and other vehicles.

Dwain Ford, president of the American Soybean Association, said any "meaningful renewable fuels legislation" in Congress must contain tax incentives for soy-based biodiesel fuel similar to those given to the ethanol industry.


 

 

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