US SUBSIDIES FOR ETHANOL AN ISSUE IN TAX TALKS
WASHINGTON, Dec 7 (Reuters) - Tax credits for ethanol and other biofuels were among issues under debate for a sweeping tax bill, Democratic senators said on Tuesday, with ethanol subsidies due to expire in three weeks.
"There are provisions not yet included which I think are important," said Max Baucus, chairman of the Senate's tax-writing committee. Asked about a possible 36-cent a gallon tax credit for ethanol, Baucus said, "I don't know yet."
ARGENTINE 2011 BIODIESEL OUTPUT TO JUMP -OIL WORLD
HAMBURG, Dec 7 (Reuters) - Argentina is likely to produce about 2.5 million tonnes of biodiesel in 2011, up from an estimated 1.8 million tonnes in 2011, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
But 2011 biodiesel exports are likely to fall to 1.40 million tonnes from an expected 1.42 million tonnes in 2010 as the country consumes more of its own biofuel, Oil World said.
U.S. SENATE TAX BILL CUTS, EXTENDS ETHANOL CREDIT
WASHINGTON, Dec 3 (Reuters) - The major U.S. ethanol incentive would be cut by 20 percent but given one more year of life in a Senate tax bill that also would revive a biodiesel tax credit that died a year ago.
The bill was "very unlikely to pass" but would be a starting point for negotiations this month on many issues including estate tax and income tax rates, said consultants Washington Research Group on Friday.
US ETHANOL SECTOR BRACES FOR LOOMING SUBSIDY CUTS
KANSAS CITY/WASHINGTON, Dec 3 (Reuters) - Mark Marquis had planned to double the size of his Illinois ethanol plant in 2011, and was considering expanding a Wisconsin facility his family-run firm bought into last July.
But those plans are now on hold, as Marquis and other ethanol producers brace for the possible end of $6 billion a year in U.S. subsidies for the alternative energy source.
POLL-US CORN LARGELY UNFAZED IF ETHANOL SUBSIDIES AXED
CHICAGO, Dec 3 (Reuters) - U.S. corn futures will remain unchanged or could drop by as much as 4.5 percent if Congress does not renew ethanol subsidies that expire on Dec. 31, a Reuters poll of 10 grain analysts showed on Friday.
Six of the analysts said futures at the Chicago Board of Trade will fall 10 to 25 cents per bushel, while the four others said the market would just shrug it off. CBOT March corn futures closed at $5.73-1/2 a bushel on Friday.
FRANCE TO MISS 2010 ETHANOL TARGET -BEET GROWERS
PARIS, Dec 3 (Reuters) - France will miss a national target again this year for blending ethanol into gasoline because of slower-than-expected uptake at petrol stations, a French sugar beet growers group said on Friday.
Overall incorporation of ethanol in energy-value terms should reach 6 percent at the end of 2010, short of a 7 percent objective set by the government, the CGB said at a news conference.
CANOLA TO MISS BOOST FROM CANADA BIODIESEL
WINNIPEG, Manitoba, Dec 2 (Reuters) - Canada's No. 2 crop, canola, looks to miss out on potential domestic demand from biodiesel until Canada clarifies its fuel mandate and offers new incentives to an already heavily subsidized industry.
Canada has finished selecting biodiesel plant proposals to receive funding from a C$1.5-billion ($1.5 billion) program, aiming to cut greenhouse gas emissions by 17 percent by 2020 from 2005 levels through mandates of 5 percent ethanol and 2 percent biodiesel in conventional fuel pools.
GLENCORE BUYS MILL, ENTERS ETHANOL SECTOR-REPORT
SAO PAULO, Dec 2 (Reuters) - Commodities trader Glencore has bought a stake in Brazilian ethanol plant Rio Vermelho, its first ever investment in the cane sector, a Brazilian newspaper reported on Thursday.
The Swiss-based Glencore paid more than $80 million for a stake of around 70 percent in the mill, O Estado de Sao Paulo newspaper said without revealing the source of the information.
PALM OIL MAY GAIN MORE USERS FROM EU BIOFUEL RULES-NESTE OIL
vegetable-oil based biofuels to come from eco-friendly sources may boost palm oil use in the sector as green supplies of the tropical oil grow, a key Finnish oil refiner said on Thursday.
A Neste Oil official said green groups scrutiny of the Asian palm oil sector has spurred efforts to clean up estates and supply chains, placing it in a better position than other competing oils to meet EU sustainability criteria.
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