The Economics of Environmental Issues: The Impact of Biofuels
|
|
- Clement Stevens
- 5 years ago
- Views:
Transcription
1 Federal Agriculture Research Center Institute of Farm Economics The Economics of Environmental Issues: The Impact of Biofuels World Dairy Summit 27 Dr. Yelto Zimmer Dublin, October 2 nd 27
2 Content 1. The Bio Energy Boom 2. and the Reduction of Greenhouse Gases 3. and Food Production 4. Conclusions Zimmer / / 2
3 1. The Bio Energy Boom Zimmer / / 3
4 US Ethanol Production 3. 8 mio bushel Corn (mio bushel) Ethanol (bill. gal) 5% US gasoline 25 % US corn billion gal Source: ksgrains.com (27) Zimmer / / 4
5 EU Biodiesel Production t Deutschland Italien UK Frankreich Spanien Rest EU Source: UFOP (26) Zimmer / / 5
6 German Market for Vegetable Oils Food Oil Technical Oil Biodiesel Production 1. t /4 24/5 25/6 26/7 Source: ZMP (27) Zimmer / / 6
7 Biogas Production in Germany MWh Number of Biogas Plants Electric Power (in MWh) Source: BMU (27) Zimmer / / 7
8 Reimbursement for Renewable Power 2 16 ct/kwh Power from Biogas Wind Power Water Power Used Wood konv. Power Source: BMU (26) Zimmer / / 8
9 Biogas: Policy creates a massive Incentive /ha The Example Biogas (Corn) Assumptions: 5 t FM yield 33 % DM content 3,5 ct/ KWh value 18 ct/kwh price 23 /t FM cost corn silage acreage payment Cost corn silage Subsidy (Reimbursement) Source: Own calculations, LWK NRW (26) Zimmer / / 9
10 EU Intentions for Ethanol Consumption EU goal 21: substitute 1 % of gasoline ( 13 % due to lesser energy content) EU gasoline consumption (25): 12 Mio. t 13 % 15.6 Mio. m 3 ethanol 15.6 Mio m 3 ethanol 4 Mio. t wheat For comparison: 125 Mio. t EU wheat production 3 % (25 Mio. t EU grain production 15 %) Zimmer / / 1
11 EU Intentions for Biodiesel Consumption EU goal 21: substitute 1 % of diesel ( 11 % due to lesser energy content) EU diesel consumption (23): 16 Mio. t 11 % 18 Mio. t biodiesel 18 Mio. t biodiesel 4 Mio. t rapeseed For comparison: 15,3 Mio. t EU Rapeseed production 26 % (21 Mio. t EU oilseed production 19 %) Zimmer / / 11
12 2. and Reduction of Greenhouse Gases Zimmer / / 12
13 CO 2 Mitigation Cost 5 4 Heating Power & Cogeneration Biofuels /t CO2äq Wood Chips Heating Grain Heating Biogas (Manure Cogeneration) Biogas (Silage Cogeneration) Wood Chips (Cogeneration) Straw Co Combustion Biodiesel Ethanol (Wheat) CO2 Exchange Source: Own calculations; EEX (26) Zimmer / / 13
14 3. and Food Production Zimmer / / 14
15 Ethanol and Grain Production Grain usage for Ethanol increases from 72 mio t to 18 mio t. Is that much? Yes : Increase equals 2 % of global grain production or 18 % of global grain trade. no : To produce +36 mio t requires +1 mio ha. Global arable land is 1.5 billion ha. Zimmer / / 15
16 US Corn Market: History & Future Market US $/t Dec '7 Mar '8 May '8 Jul '8 Source: USDA (26), CBOT (27), own calculation Sep '8 Dec '8 Mar '9 May '9 Jul '9 Dec '9 Mar '1 Jul '1 Dec '1 Zimmer / / 16
17 High Commodity Prices make Pasture Usage more profitable Opportunity cost for arable land Opportunity cost for pasture land /ha 6 /ha Wheat 12 /t Wheat 2 /t Wheat 12 /t Wheat 2 /t Zimmer / / 17
18 EU Oil Cake Market Relevance of DDGS Mio t Rapsseed Soyimports Production Exports Imports DDGS Source: Töpfer International (26), own calculations. Zimmer / / 18
19 Bioenergy: The right Strategy for Agriculture? Use in kwh Expenditures in kwh/year / month Food Energy Food Energy Sources: FAO, Countryprofile Germany (Wert 21 23), BMWI Struktur Endenergieverbrauchs Deutschland, Statistisches Bundesamt Bevölkerungsentwicklung 25 Zimmer / / 19
20 Cost of Production (Barley & Corn US$/t) Total cash cost Total depreciation cost Total opportunity cost Total opportunity cost Market receipts CA4MJ DE3OW HU11TC PL12NWP_AVAV PL153NWP_LAV PL1788NWP_LTOP RUS7BS SA5OVB SE51SG_LAV UK255Suff_AVAV UK44Suff_LAV AR23BA BR13MT HU11TC US35ND US7IA US9ND Zimmer / / 2
21 4. Conclusions Zimmer / / 21
22 Conclusions 1. EU and US policy is driving biofuel and bioenergy production. 2. Mitigation of CO 2 Emissions is extremely expensive with current bioenergy policy. 3. Bioenergy policy leads to higher commodity prices & local competition for land (Biogas). 4. Milk prices will stay high but with higher (opportunity) cost unless: Pasture can be used as feedstock. Zimmer / / 22
23 Know How is our Business Thank you for your interest Dr. Yelto Zimmer Head of agri benchmark Cash Crop Team Institute for Farm Economics Federal Agricultural Research Center Bundesallee 5, Braunschweig Telefon: Telefax: e mail: yelto.zimmer@fal.de Internet: Zimmer / / 23
Global biofuel growth Implications for agricultural markets and policies
Global biofuel growth Implications for agricultural markets and policies Martin von Lampe Trade and Agriculture Directorate OECD Regional Meeting on Agricultural Policy Reform Bucharest, Romania 24-26
More informationBiofuels: Implications for Prices and Production. Darrel L. Good and Scott H. Irwin
Biofuels: Implications for Prices and Production Darrel L. Good and Scott H. Irwin Why Ethanol? Convert relatively abundant domestic sources of energy into a substitute for imported petroleum Energy Conversion
More informationUSDA Projections of Bioenergy-Related Corn and Soyoil Use for
USDA Projections of Bioenergy-Related Corn and Soyoil Use for 2010-2019 Daniel M. O Brien, Extension Agricultural Economist K-State Research and Extension The United States Department of Agriculture released
More informationUSDA Agricultural Outlook Forum 2007
USDA Agricultural Outlook Forum 2007 EU BIOFUELS POLICY AND EFFECTS ON PRODUCTION, CONSUMPTION AND LAND USE FOR ENERGY CROPS Hilkka Summa Head of Unit for Bioenergy, Biomass, Forestry and Climate Change
More informationThe economics of biofuels. by Ronald Steenblik Director of Research
The economics of biofuels by Ronald Steenblik Director of Research Current and expected future costs of ethanol 1.0 0.8 0.6 0.4 2005 2030 Ethanol from sugar cane Ethano from maize Ethanol from sugar beet
More informationGlobal Oilseed Production: Trends, Drivers, Competition. Prof. Dr. Folkhard Isermeyer Thünen Institute, Braunschweig, Germany
Global Oilseed Production: Trends, Drivers, Competition Prof. Dr. Folkhard Isermeyer Thünen Institute, Braunschweig, Germany Folkhard Isermeyer October 2015 Content 1 Production Acreage Production 2 Trade
More informationMid-term Outlook for World Agricultural Markets
Mid-term Outlook for World Agricultural Markets Jacinto Fabiosa Co-Director, (515) 294-6183 jfabiosa@iastate.edu Food and Agricultural Policy Research Institute The Question of Interest? In 27 we asked,
More informationGLOBAL AUTOMOTIVE SEMINAR. Potential and Challenges of Biofuels for Sustainable Mobility Over the Next 30 Years
GLOBAL AUTOMOTIVE SEMINAR 16 NOVEMBER 2007 SHANGHAI AUTOMOBILE EXHIBITION CENTRE ANTING Potential and Challenges of Biofuels for Sustainable Mobility Over the Next 30 Years Simon Wardell Director, Global
More information2017 Risk and Profit Conference Breakout Session Presenters. 13. Ethanol and Biodiesel Market and Profitability Prospects
2017 Risk and Profit Conference Breakout Session Presenters 13. Ethanol and Biodiesel Market and Profitability Prospects Dan O Brien Daniel O Brien was raised on a grain and livestock
More informationEffect of Biodiesel Production on Life-Cycle Greenhouse Gas Emissions and Energy Use for Canada
Effect of Biodiesel Production on Life-Cycle Greenhouse Gas Emissions and Energy Use for Canada Brian G. McConkey 1, Stephen Smith 2, James Dyer 3, Ravinderpal Gil 2, Suren Kulshreshtha 4, Cecil Nagy 4,
More informationEnergy Crops and Co-Products in the Region --- What does is mean?
Energy Crops and Co-Products in the Region --- What does is mean? WA/OR Green Pea Association Annual Meeting Elk Lodge Milton-Freewater February 13, 2007 Don Wysocki Extension Soil Scientist Oregon State
More informationProspects for EU agricultural markets and income
European Commission, DG Agriculture and Rural Development December 2014 http://ec.europa.eu/agriculture/markets-and-prices/medium-term-outlook/index_en.htm Baseline assumptions on key macroeconomic variable,
More informationUSA Crude oil. Imports. Production Barrels. Year
Energy Crops 1000 Barrels USA Crude oil 4000000 3500000 3000000 Imports 2500000 2000000 Production 1500000 1990 1992 1994 1996 1998 2000 2002 2004 Year Projected World Energy Supplies 100 Billion Barrels
More informationOverhauling Renewable Energy Markets
Overhauling Renewable Energy Markets Bruce Babcock Iowa State University Presented at Recognizing Risk in Global Agriculture, Ag Symposium, Federal Reserve Bank of Kansas City. July 19, 2011. Kansas City,
More informationBiodiesel: A High Performance Renewable Fuel
Biodiesel: A High Performance Renewable Fuel Scott DeWees Co-Coordinator Western WA Clean Cities A program of the Puget Sound Clean Air Agency wwcleancities.org October 29, 2015 www.wwcleancities.org Why
More informationWallace E. Tyner, Professor In collaboration with Farzad Taheripour Purdue University Michael Wang Argonne National Lab
Global Land Use Changes due to US Cellulosic Biofuel Program: A Preliminary Analysis And Updated Corn Ethanol, Biodiesel, and Sugarcane Ethanol Estimates Wallace E. Tyner, Professor In collaboration with
More informationBiofuels Industry and Impacts on Agriculture
Biofuels Industry and Impacts on Agriculture Dwight Aakre Farm Management Specialist January 2007 Web Page: http://www.ag.ndsu.nodak.edu/aginfo/farmmgmt/farmmgmt.htm 12-27-06 Some Energy Statistics In
More informationFOOD, FUEL AND FORESTS BIOFUEL TRENDS IN LATIN AMERICA
FOOD, FUEL AND FORESTS IPC - ALARN SEMINAR ON CLIMATE CHANGE, AGRICULTURE AND TRADE BIOFUEL TRENDS IN LATIN AMERICA Regúnaga ; Nogueira - Moreira; Foster - Valdéz BOGOR, May 2008 STRATEGIES: MAIN DRIVERS
More informationThe Importance of Emission Allocation in Determining Emission Impacts from Including Corn Oil
The Importance of Emission Allocation in Determining Emission Impacts from Including Corn Oil Farzad Taheripour Wallace E. Tyner Purdue University October 26, 2015 Introduction This presentation is based
More informationSustainable Biofuels: Environmental Considerations
Biofuels: Environmental Considerations Uwe R. Fritsche Coordinator, Energy & Climate Division Öko-Institut (Institute for Applied Ecology), Darmstadt Office presented at the BMELV/gtz/WWI International
More informationExternal Market Factors Impacting US Soybean Meal
External Market Factors Impacting US Soybean Meal USSEC Luncheon International Production and Processing Expo January 3, 213 Atlanta, GA Paul Smolen Presentation Objectives Examine the economic drivers
More informationBiofuels: ACP s response to fossil fuel dependence
Biofuels: ACP s response to fossil fuel dependence Maureen Wilson 1, Jan Cloin 2, Raymond Rivalland 3 and Francis Yamba 4 1 Sugar Industry Research Institute, Kendal Rd, Mandeville, 2 Pacific Islands Applied
More informationSustainability criteria for biofuels
Institute of Farm Economics Sustainability criteria for biofuels Kathrin Strohm Berlin 17.12.2009 Strohm 1 EU Legislation Strohm 2 Directive 2009/28/EC Directive 2009/28/EC of the European Parliament and
More informationAn Economic Analysis of Legislation for a Renewable Fuels Requirement for Highway Motor Fuels
An Economic Analysis of Legislation for a Renewable Fuels Requirement for Highway Motor Fuels John M. Urbanchuk Executive Vice President AUS Consultants November 2001 EXECUTIVE SUMMARY Congress is considering
More informationThe feasibility of biodiesel production at different scales. Kerr Walker and Elaine Booth, SAC
The feasibility of biodiesel production at different scales Kerr Walker and Elaine Booth, SAC 1 Content Drivers for liquid biofuel development in the UK Key issues affecting the economics of biofuels Feasibility
More informationBioenergy Development in Southeast Asia. Fabby Tumiwa Institute for Essential Services Reform Kathmandu, 19 April 2011
+ Bioenergy Development in Southeast Asia Fabby Tumiwa Institute for Essential Services Reform Kathmandu, 19 April 2011 + Bioenergy - Benefits Sustainability: a clean and renewable energy source Availability:
More informationTechnical Corn Oil Review December 2017
Technical Corn Oil Review December 2017 Brian Engel GM, Vegetable Oil Trading Green Plains Inc. NASDAQ: GPRE www.gpreinc.com Green Plains Partners LP NASDAQ: GPP www.greenplainspartners.com Corn Kernel
More informationBiofuels, Energy Security, and Future Policy Alternatives. Wally Tyner
Biofuels, Energy Security, and Future Policy Alternatives Wally Tyner Purdue University Ethanol Economics Ethanol has value as energy and as an additive to gasoline The energy content is about 68% of gasoline
More informationOn the future relevance of biofuels for transport in EU-15 countries
Biomass to Biofuels 23 On the future relevance of biofuels for transport in EU-15 countries A. Ajanovic & R. Haas Energy Economics Group, Vienna University of Technology, Austria Abstract The discussion
More informationFAPRI Food and Agricultural Policy Research Institute
26 WORLD OUTLOOK Presentation Food and Agricultural Policy Research Institute Global Macroeconomic Overview Sustained and widespread real economic growth for the decade averaging 3.1%. Industrialized countries
More informationGHG Mitigation Potential of Biofuels in Canada
GHG Mitigation Potential of Biofuels in Canada Stephanie Bailey Stamler Resource Efficient Agricultural Production (REAP)-Canada Toronto, Ontario sbailey@ GHG s-why They re Important Include water vapour,
More informationGreenhouse Gas Balances for the German Biofuels Quota Legislation
ifeu Institute for Energy and Environmental Research Heidelberg Germany Greenhouse Gas Balances for the German Biofuels Quota Legislation Methodological guidance and default values Horst Fehrenbach on
More informationBRAZILIAN PERSPECTIVES ON BIOENERGY TRADE AND SUSTAINABLE DEVELOPMENT
BRAZILIAN PERSPECTIVES ON BIOENERGY TRADE AND SUSTAINABLE DEVELOPMENT market access issues, implications of certification on exports and production, social and environmental issues. Sergio C. Trindade
More informationHybrid Biorefinery Biodiesel and Biogas Production Synergies
Hybrid Biorefinery and Biogas Production Synergies Joe Tesar, Quantalux, LLC Dana Kirk, MSU Department of Biosystems and Agricultural Engineering Dennis Pennington, Michigan State Extension Charles Gould,
More informationIrrigated Biofuel Production in Canada. L. Tollefson, C. Madramootoo
Irrigated Biofuel Production in Canada L. Tollefson, C. Madramootoo Global Bioethanol and Biodiesel Production 1975-2011 Global Biofuel Production Biofuels used for: Reduce dependence on fossil fuels Reduce
More informationFundamentals Driving U.S. Agricultural Prosperity
Fundamentals Driving U.S. Agricultural Prosperity Chris Hurt Purdue Extension Service March 2013, hurtc@purdue.edu Economic Shock Transition to New-Equilibrium 250 Hypothetical 29 Year Cycle: Index Base
More informationEthanol Supply Chain and Industry Overview: More Harm Than Good?
Ethanol Supply Chain and Industry Overview: More Harm Than Good? Authors: Sarah L Bruce Advisor: Alexis Hickman Bateman, Edgar Blanco Sponsor: Yossi Sheffi MIT SCM ResearchFest May 23-24, 2012 Ethanol
More informationWhat Does the March Prospective Plantings Report Mean for the Outlook? Chris Hurt & Corinne Alexander
What Does the March Prospective Plantings Report Mean for the 2014-2015 Outlook? Chris Hurt & Corinne Alexander hurtc@purdue.edu cealexan@purdue.edu Purdue University April 1, 2014" Webinar: April 1, 2014
More informationAchieving Energy Security and Greenhouse. Biomass Crop Assistance Program. Madhu Khanna
Achieving Energy Security and Greenhouse Gas Reduction Cost-Effectively: The Biomass Crop Assistance Program Madhu Khanna Professor, Agricultural and Environmental Economics University of Illinois, Urbana-Champaign
More informationGood reasons for biofuels
UNION ZUR FÖRDERUNG VON OEL- UND PROTEINPFLANZEN E. V. Good reasons for biofuels Facts about the continuation of decarbonisation in road transport Good reasons for biofuels Facts about the continuation
More informationPutting Sustainable Farming into Practice. Sustainable Energy Supply for Agricultural Machinery The SESAM Vision. Prof. Dr.
Putting Sustainable Farming into Practice Sustainable Energy Supply for Agricultural Machinery The SESAM Vision Prof. Dr. Peter Pickel Political Threats in EU Mandatory reduction of fleet CO 2 emissions
More informationEPA MANDATE WAIVERS CREATE NEW UNCERTAINTIES IN BIODIESEL MARKETS
2nd Quarter 2011 26(2) EPA MANDATE WAIVERS CREATE NEW UNCERTAINTIES IN BIODIESEL MARKETS Wyatt Thompson and Seth Meyer JEL Classifications: Q11, Q16, Q42, Q48 Keywords: Biodiesel, Biofuel Mandate, Waivers
More informationThe development of fuel ethanol in the EU
The development of fuel ethanol in the EU www.uepa.be Valérie CORRE Director General European Association of Ethanol Producers Tokyo, 20th March 2007 (final version) 1 Road map 1- About 2- The EU in a
More informationLand Use Carbon Emissions Due to the US Ethanol Program. Wallace Tyner Farzad Taheripour Uris Baldos January 26, 2009
Land Use Carbon Emissions Due to the US Ethanol Program Wallace Tyner Farzad Taheripour Uris Baldos January 26, 2009 1 Presentation Outline Overview of presentation GTAP model structure and changes Handling
More information7/10/2012. Irrigated Biofuel Production in Canada. L. Tollefson, C. Madramootoo. Global Bioethanol and Biodiesel Production
Global Bioethanol and Biodiesel Production 1975 2011 Irrigated Biofuel Production in Canada L. Tollefson, C. Madramootoo Global Biofuel Production Biofuels used for: Reduce dependence on fossil fuels Reduce
More informationOverview. Background and Context Ethanol Policies and Policy Rumblings. Assessment of the prospects for trade and trade disputes
Overview Background and Context Ethanol Policies and Policy Rumblings Range of Policy Instruments Rationales for Government Action Emerging Criticisms Assessment of the prospects for trade and trade disputes
More informationThe Energy Independence and Security Act (EISA): Proposed Changes to the Renewable Fuel Standard Program (RFS2)
The Energy Independence and Security Act (EISA): Proposed Changes to the Renewable Fuel Standard Program (RFS2) Presentation to the NAS Biofuels Workshop Madison, WI. June 23-24, 2009 1 Agenda Background
More informationA green economy of biofuels in whose benefit?
A green economy of biofuels in whose benefit? An alternative liquid energy at hand The rationale for developing countries: biofuel production to meet social goals But what determines the outcomes? 2 Case
More informationPolitical frame conditions in EU
Sustainable Agricultural Energy Supply and Consumption Concepts Based on Electromobility and Pure Plant Oil Prof. Dr. P. Pickel & T. Kaiser Dec. 2014 Political frame conditions in EU EU stage V Mandatory
More informationOilseeds and Products
Oilseeds and Products Oilseeds compete with major grains for area. As a result, weather impacts soybeans, rapeseed, and sunflowerseed similarly to the grain and other crops grown in the same regions. The
More informationOpportunities for producing thermal energy from grass pellets
Opportunities for producing thermal energy from grass pellets Roger Samson Resource Efficient Agricultural Production (REAP)-Canada Ste Anne de Bellevue, Quebec rsamson@ REAP-Canada Providing leadership
More informationDepartment of Legislative Services
Department of Legislative Services Maryland General Assembly 2005 Session SB 740 Senate Bill 740 Budget and Taxation FISCAL AND POLICY NOTE Revised (Senator Middleton, et al.) Environmental Matters Renewable
More informationBiofuels Incentives: A Summary of Federal Programs
Order Code RL33572 Biofuels Incentives: A Summary of Federal Programs Updated March 18, 2008 Brent D. Yacobucci Specialist in Energy and Environmental Policy Resources, Science, and Industry Division Biofuels
More informationA JIG SAW PUZZLE STORY
Advanced vegetable oil fuels in advanced engines The 2 nd VegOil project UN Framework Convention on Climate Change Durban, South Africa EU Pavilion Dec 7 th 2011 Prof. Dr. Peter Pickel John Deere European
More informationBiofuels: crime against humanity!?
Biofuels: crime against humanity!? Trade and sustainability issues Sadeq Z. Bigdeli World Trade Institute, Berne Model WTO 2008, University of St. Gallen 1 Outline What are biofuels? Why biofuels? Tariff
More informationCincinnati, Ohio U S A. Philip W. Madson President
Cincinnati, Ohio U S A Philip W. Madson President BEYOND the SQUARE BOX in a CORNFIELD MORE THAN 6,000 ETHANOL PLANTS WORLDWIDE SOURCE: DR. JOHN MURTAGH RANGE OF TECHNOLOGIES EMPLOYED Agrana TODAY IN
More informationThe Outlook for Biofuels
PRX BlueSky Outlook, Page 1 The Fertilizer Institute Fertilizer Outlook and Technology Conference The Outlook for Biofuels November 6, 2007 Ross Korves Economic Policy Analyst The ProExporter Network ross.korves@proexporter.com
More information(How to solve) Indirect Land Use Change from biofuels
(How to solve) Indirect Land Use Change from biofuels Carlo Hamelinck Associate Director 2017 03 23 Platform Duurzame Biobrandstoffen - Utrecht Indirect Land Use Change Global agricultural land use > World
More informationExperiences with the international trade of biofuels in Europe
Experiences with the international trade of biofuels in Europe Malgorzata PEKSA ETA Renewable Energies, Florence (Italy) Biofuel Marketplace INTERNATIONAL WORKSHOP AND STAKEHOLDER EVENT Budapest, Thursady
More informationBiomethane comparison with other biofuels. Dominic Scholfield. Global Biomethane Congress October 2012
Biomethane comparison with other biofuels Dominic Scholfield Global Biomethane Congress October 2012 Mint Green Sustainability Freight GHG accounting Alternative fuel vehicle trial design and analysis
More informationWorld Wheat Supply and Demand Situation August 2018
World Wheat Supply and Demand Situation August 218 Major data source: USDA World Agricultural Supply and Demand Estimates released August 1, 218. Projections will change over the course of the year depending
More informationOverview of the Biofuels Market. Timothy McCoy SCB Commodity Brokers
Overview of the Biofuels Market Timothy McCoy SCB Commodity Brokers Background Trinity College Graduate 2011 Civil, Structural & Environmental Engineering Trainee project manager with StructureTone in
More informationWorld Wheat Supply and Demand Situation March 2018
World Wheat Supply and Demand Situation March 218 Major data source: USDA World Agricultural Supply and Demand Estimates released March 8, 218. Projections will change over the course of the year depending
More informationConference on. Biofuels: an option for a less carbon-intensive economy. 4-5 December Bioenergy for the future. by:
Conference on Biofuels: an option for a less carbon-intensive economy 4-5 December 2007 Bioenergy for the future by: Mauricio T. Tolmasquim President Empresa de Pesquisa Energética EPE The views expressed
More informationBiofuels: Considerations and Potential
Biofuels: Considerations and Potential Clarks on Univ ersi ty 5 Sep tember 2007 Len a Han se n Rocky Mou ntain Ins titu te Understanding the Goal President Bush s goal Produce 35 billion gallons of alternative
More informationWhat you might have missed Bioenergy Situation & Outlook
What you might have missed Bioenergy Situation & Outlook Ag Lenders Conference David Ripplinger Fall 2018 Record US Corn Ethanol Production Record US Corn Ethanol Exports Expanding US Corn Ethanol Capacity
More informationBioFuels Lessons Learned From Georgia
The University of Georgia Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences BioFuels Lessons Learned From Georgia www.caed.uga.edu John McKissick, George
More informationHIDDEN ETHANOL SUBSIDIES IN BRAZIL REVISITED
HIDDEN ETHANOL SUBSIDIES IN BRAZIL REVISITED Professors Troy G. Schmitz, James Seale, and Andrew Schmitz Arizona State University and University of Florida The Economics of Alternative Energy Sources and
More information2011 Indiana Agricultural Outlook
2011 Indiana Agricultural Outlook Corinne Alexander & Chris Hurt hurtc@purdue.edu September 13, 2010 World Economic Growth Ethanol Dollar Value Surprises and Uncertainty! Change Wheat Production 2010 vs.
More information2012 Risk and Profit Conference Breakout Session Presenters. 9. Bio-Energy's Impact on U.S. and World Grain and Feed Markets
2 Risk and Profit Conference Breakout Session Presenters 9. Bio-Energy's Impact on U.S. and World Grain and Feed Markets Daniel O Brien Daniel O Brien was raised on a grain and livestock
More informationImplications for Automotive, Agriculture, and Energy. Summary Presentation
Implications for Automotive, Agriculture, and Energy Summary Presentation The Biofuels Boom Copyright 2007 Global Insight, Inc. 2 Three Major Policy Drivers ARE THEY COMPATIBLE? Energy Energy security
More informationTransport biofuels - drivers and options. Dr Elaine Booth SAC BioEnergy Group
Transport biofuels - drivers and options Dr Elaine Booth SAC BioEnergy Group Contents Drivers for bioenergy Current transport biofuels Feasibility of different scales of biofuel production Environmental
More informationUS biofuel Indicators and a changing market dynamic
US biofuel Indicators and a changing market dynamic Seth Meyer AMIS October 1-2, 13, Rome Movement of Ag and Energy Ethanol production and capacity 16 35 Crude oil and maize prices 14 3 billion gallons
More informationEl Futuro de la Energia y los Biocombustiveis
El Futuro de la Energia y los Biocombustiveis Roberto Giannetti da Fonseca August, 2007 World Energy Demand 1970 2025 (10^6 tonnes of oil equivalent) World energy demand will reach 15.7 million of tonnes
More informationImpact of Rising Energy Costs on the Food System in Indonesia
Impact of Rising Energy Costs on the Food System in Indonesia Ronnie S. Natawidjaja, Ph.D. Center for Agricultural Policy an Agribusiness Studies Padjadjaran University The Pacific Food System Outlook
More informationBiofuels - Global Situation, Concerns and the Future
Brazilian Association of Vegetable Oil Industries Biofuels - Global Situation, Concerns and the Future International Oilseed Producers Dialogue - IOPD Daniel Furlan Amaral Rio de Janeiro RJ Brazil June
More informationNew Holland s Biodiesel Experience
New Holland s Biodiesel Experience The Strategic Importance of Biofuels Paul Trella, Director of Product Marketing, Tractors National Biodiesel Conference & EXPO February 2008 Topics = New Holland position
More informationBiodiesel. Kimmo Rahkamo Executive Vice President
Biodiesel Kimmo Rahkamo Executive Vice President Biofuels agenda is driven by three elements Climate change Security of supply Biofuels set to gain considerable share in transportation fuels market Domestic
More informationTHIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
More informationMacro economic and Energy Factors Driving the Agricultural Outlook
Macro economic and Energy Factors Driving the Agricultural Outlook Michael Swanson Ph.D. Wells Fargo September 2013 Inter connected Markets Economic growth GDP, Population and Income Currency competition
More informationWorld Wheat Supply and Demand Situation
World Wheat Supply and Demand Situation September 218 Major data source: USDA World Agricultural Supply and Demand Estimates released September 12, 218. Projections will change over the course of the year
More informationAOF Forum Oilseeds Outlook October, 2006
AOF Forum Oilseeds Outlook October, 2006 Josh Roberts Senior Trading Manager Grain Pool Pty Ltd 30 Delhi Street West Perth Tel: +61 8 9237 9859 josh.roberts@grainpool.com.au Oilseeds trends versus other
More informationSTATUS OF BIOENERGY DEVELOPMENT IN AFRICA: HARNESSING THE POTENTIAL
STATUS OF BIOENERGY DEVELOPMENT IN AFRICA: HARNESSING THE POTENTIAL Charles B.L. Jumbe, PhD (Econ) Centre for Agricultural Research & Development Bunda College Lilongwe University of Agriculture and Natural
More informationSOYBEAN OUTLOOK Midwest & Great Plains/Western Extension Summer Outlook Conference. St. Louis, Missouri
SOYBEAN OUTLOOK 2014 Midwest & Great Plains/Western Extension Summer Outlook Conference St. Louis, Missouri Jim Hilker Department of Agricultural, Food, And Resource Economics Michigan State University
More informationBiofuel Market in the World and UK: Heaven or Hell?
Biofuel Market in the World and UK: Heaven or Hell? 1. Introduction Oil prices are likely to continue to rise since oil reserves are predicted to dwindle over the next 50-60 years. It has become a critical
More informationBiofuels Strategy: Background memo
MEMO/06/65 Brussels, 8 February 2006 Biofuels Strategy: Background memo Key facts and figures Biofuel production - Biofuels are transport fuels produced from biomass feed-stocks (i.e. organic material).
More informationRenewable Energies (Bio-Energies)
1 Renewable Energies (Bio-Energies) EAF / ELO Autumn 2004 meeting Brussels, 10 November 2004 2-1992 - First CAP action of the European Union in favour of biomass production for energy - Mac Sharry Reform.
More informationin Biofuels on Production and Consumption in Canada
An Assessment of Barriers to Trade in Biofuels on Production and Consumption in Canada Danny G. Le Roy Amani E. Elobeid and K.K. Klein February 9, 2008 Toronto, Ontario Consumption Mandate in Canada Average
More informationRenewable Fuel Standard Potential Economic and Environmental Effects of U.S. Biofuel Policy. Public Release October 4, 2011
Renewable Fuel Standard Potential Economic and Environmental Effects of U.S. Biofuel Policy Public Release October 4, 2011 Renewable Fuel Volume Consumption Mandated by RFS2 40 35 Cellulosic biofuels Advanced
More informationAt prices over $100/barrel, the U.S. will pay more than $800 billion for its oil supply in 2008, and the world as a whole will pay $3.2 trillion.
Biofuels in Oregon: Why, What, Where, and other Questions Prepared by the Oregon Department of Agriculture Brent Searle, Department Economist Stephanie Page, Renewable Energy Specialist October 17, 2008
More informationGlobal Leaf Energy USA, Canada and Guyana, South America Multi Bio-feedstocks Project Phase # 1 - Bio-feedstock Plantation 3
1 2 Global Leaf Energy USA, Canada and Guyana, South America Multi Bio-feedstocks Project Phase # 1 - Bio-feedstock Plantation 3 Our Vision For Global Leaf Energy (GLE) Guyana, South America How: Through
More informationBRAZILIAN EUROPEAN UNION DIALOGUES
Brazilian Vegetable Oil Industry Association BRAZILIAN EUROPEAN UNION DIALOGUES : Production and Sustainability Fabio Trigueirinho Secretary General April, 16 2008 Discussions on sustainability There is
More informationPhasing out first generation biofuels: what is at stake? #NobiofuelNofood
Phasing out first generation biofuels: what is at stake? #NobiofuelNofood Key Facts 1 The EU s share of biofuels in transport reached 4.9% in 2014. The total amount of biofuels used in the European Union
More informationCorn Outlook. David Miller Director of Research & Commodity Services Iowa Farm Bureau Federation December 2013
Corn Outlook David Miller Director of Research & Commodity Services Iowa Farm Bureau Federation December 2013 Source: USDA-WAOB U.S. Corn Supply & Usage U.S. Corn Supply & Usage Comments With the largest
More informationTension Between the 4 F s
Tension Between the 4 F s Food Fibre Fuel Feed Jozsef Popp Research Institute for Agricultural Economics Budapest Global Challenges - Regional Solutions 19th ANNUAL WORLD FORUM & SYMPOSIUM BUDAPEST, HUNGARY
More informationIMPORTANCE OF THE RENEWABLE FUELS INDUSTRY TO THE ECONOMY OF IOWA
IMPORTANCE OF THE RENEWABLE FUELS INDUSTRY TO THE ECONOMY OF IOWA Prepared for the Iowa Renewable Fuels Association John M. Urbanchuk Technical Director - Environmental Economics January 20, 2012 Cardno
More informationCHARTS AND PRICE PROJECTIONS
CHARTS AND PRICE PROJECTIONS 18 / Charts and Price Projections: FAPRI 28 Agricultural Outlook Average Annual GDP Growth, 27-217 Percent Change 1 8 8.4 7.92 6 4 4.44 3.67 4.6 4.34 2 2.37 2.17 1.38 2.44
More informationA. U.S. Ethanol Policy. B. U.S. Ethanol Industry Capacity. C. U.S. Ethanol Prices, Costs & Profits. E. Key Ethanol Related Research
U.S. Ethanol Market Outlook Kansas Farm Managers & Rural Appraisers Annual Meeting February 24, 2012 Ethanol Policy & Markets A. U.S. Ethanol Policy B. U.S. Ethanol Industry Capacity C. U.S. Ethanol Prices,
More informationCHARTS AND PRICE PROJECTIONS
CHARTS AND PRICE PROJECTIONS 18 / Charts and Price Projections: FAPRI 27 Agricultural Outlook Average Annual GDP Growth Percent Change 9 8 7 6 4 3 2 1 26-216 Canada China EU NMS EU- India Japan Latin America
More informationBiofuels. Camille Cagley. Newzaroundus.com
Biofuels Camille Cagley Newzaroundus.com Advantages and Disadvantages A * Less Pollution Production *Biofuels made from waste * Biomass biomass made from degraded/ abandoned agricultural lands (sciencemag.org)
More information