WHITE HOUSE REVIEWING 2011 ETHANOL STANDARD
WASHINGTON, Nov 16 (Reuters) - The White House is reviewing the Environmental Protection Agency's final rule on how much ethanol and other renewable automobile fuels will be sold next year.
The EPA proposed in July that such fuels would account for 7.95 percent of gasoline sales next year to meet a congressional mandate that at least 13.95 billion gallons of renewable fuels be produced in 2011.
KEEP EYE ON PRICE IN ETHANOL IMPORT ESTIMATES-USDA
WASHINGTON, Nov 15 (Reuters) - High world prices for sugar, which reduce the U.S. market for Brazilian ethanol, should be taken into account in analyzing the impact of any changes in ethanol incentives, Agriculture Department analysts said on Monday.
Two major U.S. incentives are due to expire on Dec 31 -- a 45-cent a gallon tax credit for domestic fuel blenders and a 54-cent a gallon tariff on imports. An extension may be considered in a session of Congress that opened on Monday.
EU BIOFUELS GROWTH ON HOLD AS GREEN BENEFITS QUERIED
LONDON, Nov 10 (Reuters) - The European Union's biofuels industry is unlikely to expand until the debate about their impact on climate change is resolved and clear policies emerge, the head of major UK biofuels firm said on Wednesday.
"The (biofuels) industry is being held back by a lack of robust discrimination between what is good and what is bad," Alwyn Hughes, chief executive of Ensus said, referring to the differing environmental footprints of biofuels.
LOWER US ETHANOL SUPPORT POSSIBLE--SENATE CHAIRMAN
WASHINGTON, Nov 16 (Reuters) - The chairman of the Senate tax-writing committee said he would consider cutting the ethanol tax credit by one-third, to 30 cents a gallon, but the anti-spending mood in Washington imperils renewing the subsidy at any level.
Incentives worth $6 billion a year are due to expire on Dec. 31. Ethanol industry leaders are asking for Congress to extend them during a brief session that opened this week.
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