US SENATORS SEEK TO END ETHANOL SUBSIDY, TARIFF
WASHINGTON, May 3 (Reuters) - A bipartisan group of senators on Tuesday introduced a bill to end the U.S. subsidy for ethanol producers and the tariff on ethanol imports, saying the government can no longer afford to pay the benefits.
The government provides 45 cents to refiners for every gallon of ethanol they blend with gasoline, costing taxpayers $6 billion a year. Ethanol imports are hit with 54-cent-per-gallon tariff and a 2.5 percent ad valorem tax.
EUROPE'S BIOFUEL DISPUTE SPLITS THE INDUSTRY
BRUSSELS, May 3 (Reuters) - A divisive European debate over the green credentials of biofuels has stalled investment and threatens the future of some producers, but could also create lucrative opportunities, companies said on Tuesday.
After a two-year investigation, the European Commission has decided that the complex issue of "indirect land use change" (ILUC) can lessen carbon savings from biofuels. In July it may announce moves to curb the least sustainable -- possibly by raising an EU-wide sustainability benchmark.
BRAZIL STILL WEIGHS CUT IN ETHANOL BLEND-MINISTER
BRASILIA, April 28 (Reuters) - Brazil's government is still considering reducing the share of ethanol in the country's gasoline blend even though prices of the biofuel have begun falling, Energy Minister Edison Lobao said on Thursday.
And late on Thursday an unnamed official at the presidency said the government will have the option from Friday of reducing the minimum ethanol content below the current variable range.
BRAZIL WIDENS LIMIT ON ETHANOL BLEND IN GASOLINE
BRASILIA, April 29 (Reuters) - The mandatory mix of ethanol in gasoline in Brazil can now be cut to as low as 18 percent after the government lowered the bottom end of a range within which the blend can be adjusted.
All gasoline sold in Brazil currently has a 25 percent blend of anhydrous ethanol, a policy that helps limit gasoline consumption and keep a lid on fuel prices at the pump. Previously, Brazilian law allowed the mix to be lowered only to 20 percent.
US ETHANOL OUTPUT RISES 3 PCT IN LATEST WEEK
KANSAS CITY, April 27 (Reuters) - U.S. ethanol production rebounded last week, the government said on Wednesday, bouncing back from a seven-month low output level.
The rebound comes amid strong U.S. exports of ethanol and despite fears over waning consumer demand for fuel due to high prices at the pump.
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