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Analysis: Still-pricey ethanol credits show risk of EPA rule challenge

By Cezary Podkul NEW YORK (Reuters) - In theory, the U.S. Environmental Protection Agency's move last week to slash the amount of ethanol to be blended into gasoline next year should have reduced the value of volatile compliance credits to near zero.

EU hits Argentina, Indonesia with biodiesel duties

The European Commission imposed Thursday punitive anti-dumping duties on biodiesel imports from Argentina and Indonesia so as to protect home producers. EU member states agreed the move Monday, which keeps the bloc open to Argentine and Indonesian production while refusing to remain "idle and tolerate structural" distortions, EU Trade spokesman John Clancy said. "Now we can be reassured that our green energy sector is not under threat and will continue developing," Clancy added in a statement.

EU hits Argentina, Indonesia with biodiesel duties

The European Commission imposed Thursday punitive anti-dumping duties on biodiesel imports from Argentina and Indonesia so as to protect home producers. EU member states agreed the move Monday, which keeps the bloc open to Argentine and Indonesian production while refusing to remain "idle and tolerate structural" distortions, EU Trade spokesman John Clancy said. "Now we can be reassured that our green energy sector is not under threat and will continue developing," Clancy added in a statement.

In win for Big Oil, U.S. proposes biofuel mandate cut

By Timothy Gardner WASHINGTON (Reuters) - The Obama administration proposed on Friday slashing federal requirements for U.S. biofuel use in 2014, bowing to pressure from the petroleum industry and attempting to prevent a potential fuel crunch next year. It was the first cut to renewable fuel targets written into a 2007 law, and seen as a clear win for oil refiners and a loss for biofuel producers. It followed a prolonged lobbying blitz on both sides of the issue.

Biofuel stocks mixed on EPA mandate, biodiesel hit

LOS ANGELES (Reuters) - Shares of biofuels makers and oil refiners were mixed on Friday after the Obama administration proposed slashing federal requirements for U.S. biofuel use in 2014, with biodiesel maker Renewable Energy Group Inc's <REGI.O> stock falling 5 percent on the news. The EPA's proposal to reduce the renewable fuels targets, which followed a prolonged lobbying blitz on both sides of the issue, is seen as a partial win for the petroleum industry, but a loss for biofuels producers.

Proposal would lower amount of ethanol and other biofuels required by law for first time

WASHINGTON - The Obama administration on Friday proposed to reduce the amount of ethanol in the nation's fuel supply for the first time, acknowledging that the biofuel law championed by both parties in 2007 is not working as well as expected. While the proposal highlights the government's struggle to ramp up production of homegrown biofuels that are cleaner-burning than gasoline, but is unlikely to mean much for consumers at the pump. The change would require almost 3 billion gallons less ethanol and other biofuels to be blended into gasoline in 2014 than the law requires.

U.S. EPA to announce key biofuels rule Friday

WASHINGTON (Reuters) - The Environmental Protection Agency will propose, later on Friday, a new federal target for U.S. biofuel use in 2014, attempting to prevent a projected fuel-blending crunch next year. Market watchers will likely scan the proposal to see if it contains as deep a cut in the amount of ethanol that must be blended into U.S. gasoline next year as seen in an agency document leaked last month and seen by Reuters.

Campaign by ethanol lobby against AP includes press calls, form letters, personal attacks

WASHINGTON - A new Associated Press investigation, which found that ethanol hasn't lived up to some of the government's clean-energy promises, is drawing a fierce response from the ethanol industry.

USDA: Corn harvest expected to be record 13.99 billion bushels; prices lowest since 2010

DES MOINES, Iowa - This year's corn crop has soared to a new national record, breaking expectations in many states that received too much rain early on and a summer dry spell that brought back drought concerns. In its first crop supply and demand report since the partial government shutdown, the U.S. Department of Agriculture said Friday it expects 13.99 billion bushels of corn, more than the September forecast of 13.8 billion bushels. The previous record was 13.1 billion in 2009.

Insight: Lord of the RINs? Vitol's ethanol credit bonanza

By Cezary Podkul NEW YORK (Reuters) - Swiss trading company Vitol SA is among the biggest beneficiaries of an opaque U.S.-government-mandated trading scheme established to help boost the share of ethanol in the nation's fuel supply, market sources say.
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