GERMANY TO RAISE BIOETHANOL BLENDING IN GASOLINE
HAMBURG, Oct 25 (Reuters) - The German cabinet will vote on Wednesday on a proposal to raise the maximum level of bioethanol allowed in blended gasoline to 10 percent in January 2011 from 5 percent now, the country's environment ministry said on Monday.
The move is part of Germany's efforts to meet European Union plans to raise biofuel use to protect the environment, it said.
PETROBRAS SIGNS $1.2 BLN ETHANOL DEAL WITH TEREOS
SAO PAULO, Oct 25 (Reuters) - Brazil's state-run oil giant Petrobras said on Monday it signed a 2.1 billion-real ($1.23 billion) agreement with Tereos International to secure the supply of ethanol.
The deal will bring Petrobras a step closer to reaching its goal of becoming a leading player in the global biofuels sector.
SPAIN TO UP BIOFUEL MIX IN FUELS TO 6.1 PCT BY 2013
MADRID, Oct 22 (Reuters) - Spain's industry ministry said on Friday it planned to increase the minimum proportions of biofuels to be mixed with conventional fuels to 6.1 percent in 2013 from 5.83 percent in 2010.
The increase in requirements to mix biofuels with conventional fuels -- known as minimum blend -- will take place gradually, reaching 5.9 percent in 2011, and 6.0 percent in 2012, the ministry said in a statement.
US OFFERS $1.5 BLN AID FOR BIOFUEL PRODUCTION
WASHINGTON, Oct 21 (Reuters) - The government is offering more than $1.5 billion in assistance, from field to filling station, to bring next-generation biofuels to market, Agriculture Secretary Tom Vilsack said on Thursday.
Vilsack said the aid would assure renewable fuel consumption reaches 36 billion gallons by 2022, with the bulk of it coming from non-food sources such as grass, algae or woody plants.
US TO SUBSIDIZE FARMERS TO GROW NEW BIOFUEL CROPS
WASHINGTON, Oct 20 (Reuters) - The U.S. government plans a half billion dollars in subsidies to help farmers grow the next generation of biomass crops -- switchgrass and woody plants instead of corn, farm lobbyists and congressional staff workers told Reuters.
Agriculture Secretary Tom Vilsack will announce the subsidy program on Thursday, they said. An estimated $525 million would be paid over 15 years to defray farmers' costs.
U.S. ETHANOL MAKERS SEEK RENEWAL OF TAX BREAKS
WASHINGTON, Oct 19 (Reuters) - Attacked as subsidy addicts, U.S. ethanol makers may need help from friends in high places, including the White House, to hold on to lucrative tax breaks set to expire at the end of the year.
The industry says it is ready to discuss revisions in the incentives, worth $6 billion a year. An amalgam of foodmakers, livestock producers, environmentalists and deficit hawks say there is no need for subsidies because biofuels are guaranteed by law a share of the motor fuel market.
BIOFUELS ONLY PARTLY TO BLAME FOR HIGH FOOD PRICES
CHICAGO, Oct 19 (Reuters) - Rising biofuel demand is among multiple factors fueling food inflation around the globe, but markets today are more able to manage that impact than in 2007, when an aggressive U.S. government mandate sent prices soaring, an agriculture industry executive said on Tuesday.
U.S. corn prices this month revisited levels not seen since the months after the amended Renewable Fuels Standard was signed into law, rekindling the debate about whether food products should be used to make fuel.
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