Low fuel prices, high corn prices, and a new CA regulation that penalizes the energy intensity necessary to convert corn to fuel are hurting the industry.
"California's largest ethanol producer, Pacific Ethanol of Sacramento, closed its plants in Madera and Stockton earlier this year, laying off nearly 80 people in the process. The Stockton plant had been open less than five months.
The firm warned investors last week that it could run out of cash by the end of April. The nation's second-largest ethanol producer, VeraSun Energy Corp. of South Dakota, went bankrupt last fall.
Ethanol companies went on a plant-building binge while oil and gasoline prices were still rising. Because ethanol is blended into gasoline, the prices of the two fuels are linked, and ethanol companies wanted to cash in. But too many biorefineries opened, swamping the market.
Then the industry was hit by a double-whammy. Corn prices rose, cutting company profit margins. Then gas prices collapsed, wiping out what little margins were left."
Read the full story: Producers look to next generation of biofuels
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
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Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
Mamdani’s pied-à-terre tax survives legal challenge
A panel of judges found that the plaintiffs failed to demonstrate injury as a result of New York City's implementation of the tax.
Eastern Nebraska is running out of electricity
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Seattle passes record-breaking transit services expansion
Proposition 1 will double the city’s transit tax to add 95,000 more bus trips and preserve 180,000 bus trips annually.
FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
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Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
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