Brazil extended its tariff-free quota on ethanol imports for 90 days starting 14 September after reaching an agreement with the US to open trade talks on the biofuel and increasing access to sugar (which is currently levied at 140%) as well as corn, according to the foreign ministry joint statement issued with the US Trade Representative (USTR) on 11 September.
Two 10-storey high silos filled with refined sugar at Domino Sugar’s refinery in Chalmette, Louisiana caught fire on the afternoon of August 27, according to local press reports.
Brazil – President Bolsonaro left with Hobson’s choice on easing ethanol tariff to appease the US [Full subscriber]
President Bolsonaro cannot afford to betray his political constituency at home as a major decision on international ethanol trade looms. He is cornered into accepting that in showing the necessary support to the local industry, it invariably will anger the key ally, US President Donald Trump,
USA – Tariff rate quotas for raw, refined and specialty sugars set for 2020-21 (Oct-Sept) [Full subscriber]
The Office of the U.S. Trade Representative (USTR) announced on 22nd July the country-specific and first-come, first-served in-quota allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar, refined and specialty sugar and sugar-containing products for Fiscal Year (FY) 2021 (October 1, 2020, through September 30, 2021).
The US Department of Energy (DOE) has selected seven projects for awards totalling US$1.94 million to conduct research and development to accelerate the adoption of performance-advantaged biofuel blendstocks. These fuels are derived from renewable feedstocks and can deliver exceptional efficiency with low emissions. The seven projects will leverage National Laboratory capabilities as part of the Co-Optimization of Fuels & Engines (Co-Optima) initiative.
The U.S. Environmental Protection Agency has put on hold indefinitely a proposal for the amount of biofuels refiners must blend into their fuel next year, reported Reuters.
Sugar beet growers and cooperatives in the US are expected to have a stronger financial year ahead, with improved production and high prices for the 2020-2021 crop ushering in a recovery from the stressful growing season last year, according to a report from CoBank.
According to three ethanol-industry sources and shipping data, a rare U.S. ethanol shipment will arrive in China before the end of May. This may be the first ethanol shipment to hit China since the two countries struck a trade deal earlier this year, reported Reuters.
An influx of cheap US and Brazilian ethanol threatens Europe’s producers as businesses resume operations, companies have told the European Commission, urging it to act to protect an industry reeling from depressed demand, reported Reuters.
The US lawmakers on 12th May introduced the stimulus package known as the HEROES Act that would include aid to biofuel producers after the demand for the fuel plummeted because of the coronavirus pandemic, causing mass shutdowns in the industry.