Thursday, October 20, 2011

Perfect: U.S. to Import Brazilian Ethanol to Meet EPA Mandate

WASHINGTON, Aug. 3— With a tie-breaking vote by Vice President Al Gore, the Senate upheld today an Environmental Protection Agency rule requiring that ethanol and other renewable fuels get a share of the gasoline additives market.

The Senate voted 51-50 to table an amendment that would have denied financing to the agency to carry out a rule guaranteeing renewable fuels a 15 percent share of the lucrative fuel oxygenate market in 1995. That share rises to 30 percent in following years....
August 4, 1994

From Bloomberg:
U.S. Certifies 107 Brazilian Sugar-Cane Mills to Export Ethanol
Sugar-cane processors in Brazil, including Bunge Ltd. (BG) and Louis Dreyfus SAS, are preparing to increase their ethanol exports to the U.S., where oil companies must expand their use of biofuels.

Ethanol producers had registered 107 mills with the U.S. Environmental Protection Agency at the beginning of October, up from 55 in February, the Sao Paulo-based cane industry association Uniao da Industria de Cana-de-Acucar said today on its website.

The U.S. may increase its use of ethanol made from cane because it’s classified under the EPA’s Renewable Fuel Standard as an advanced biofuel and producing it generates less carbon- dioxide emissions than domestically produced corn ethanol, which is not labeled an advanced fuel....MORE 
From our Novermber 2010 post "'U.S. corn ethanol "was not a good policy"-Gore' (ADM; PEIX)"
"One of the reasons I made that mistake is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for president."
Back in March, when President Obama said he wants the U.S. to become one of Brazil’s “best customers”, I thought he was talking about oil.
Maybe it's time to re-introduce prohibition