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News and Opinion: News Release Archive
04/03/2008
Gas prices spark consumer inflation
The high price of oil and gas is driving up the cost of nearly all consumer products, but the ethanol industry helps keep the Nebraska economy strong amidst nationwide inflation.
A recent study by Creighton University economist Ernie Goss found that the ethanol industry and higher ag commodity prices have boosted the Midwest economy while much of the country faces an impending recession.
To read more, click here.
03/12/2008
Ethanol sales in Nebraska hit record high
Ethanol sales in Nebraska hit a record high in December as 77% of gasoline sold contained ethanol. Todd Sneller, administrator of the Nebraska Ethanol Board, said that more Nebraskans are buying ethanol because it’s cleaner and less expensive than gasoline.
To read more, click here.
02/15/2008
Research shows ethanol lowers GHG emissions
Several states are currently evaluating low carbon gasoline standards as a means of reducing greenhouse gases (GHG). Such standards may require that future gasoline blends reduce greenhouse gases by at least 20% over a conventional gasoline baseline. Greater use of ethanol in gasoline is considered the most economic means of reducing GHG emissions to required levels.
To read more, click here.
01/28/2008
Ethanol adds millions to state revenue
A new report released by Ethanol Across America shows that U.S. ethanol plants generate hundreds of millions of dollars to local, state, and federal governments through direct and indirect economic generation.
To read more, click here.
12/19/2007
Energy bill to increase renewable fuels
President Bush will sign into law today a historic energy bill that will increase the production of renewable fuels like ethanol and raise mileage standards in cars. The bipartisan energy bill passed by overwhelming majorities in both the House and Senate.
To read more, click here.
11/08/2007
Ethanol industry brings one thousand jobs to Nebraska
The average salary of these jobs is around $49,000, according to a 2006 survey conducted by the Nebraska Ethanol Board. This salary is well above the Nebraska average of $34,300, according to the US Department of Labor. Demand for skilled workers in the ethanol sector continued to push salary compensation higher in 2007. A study by the Nebraska Public Power District reported that 1,500 new jobs have been indirectly created by increased economic activity resulting from the ethanol industry.
To read more, click here.
10/03/2007
Nebraska ethanol saves consumers millions
Record high oil prices—and low ethanol prices—means ethanol use can save even more money for consumers who want to burn cleaner fuel while supporting Nebraska’s economy.
To read more, click here.
09/10/2007
Benefits of Ethanol documented
Senators Ben Nelson and Richard Lugar announced publication of the latest edition of the Ethanol Fact Book in a press conference today at the Russell Senate Office Building in Washington, D.C. Nelson and Lugar are both members of the Clean Fuels Foundation EthanolAcross America Campaign Advisory Board.
To read more, click here.
08/21/2007
Nebraska ethanol industry creates thousands of jobs
Recent figures provided by the Nebraska Public Power District show that the ethanol industry in Nebraska has created nearly 700 permanent jobs at ethanol plants. An additional 1,500 have been indirectly created by the ethanol industry in related industries and from increased economic activity created by the ethanol industry.
Jobs at Nebraska ethanol plants average an annual salary of $49,000 according to a 2006 survey by the Nebraska Ethanol Board, well above the average Nebraska salary of $34,300, according to the US Department of Labor, Bureau of Labor Statistics
To read more, click here.
08/15/2007
Nebraska ethanol production hits one billion gallons per year
This week’s opening of the US BioEnergy ethanol plant in Ord signals continued economic growth for Nebraska as statewide ethanol production capacity surpasses one billion gallons per year.
"Ethanol is the smart choice for Nebraska drivers and Nebraska’s economy,” said Todd Sneller, administrator of the Nebraska Ethanol Board. “With 16 ethanol plants producing a billion gallons a year, Nebraska is taking its place as a leader in energy independence and a leader in economic growth that benefits the whole state."
To read more, click here.
08/10/2007
Agenda for Aug. 24 Nebraska Ethanol Board meeting
To read more, click here.
07/23/2007
Rising energy costs drive up food prices
As corn prices increase, some critics blame higher food prices on ethanol. But a new study reveals that rising energy costs are more to blame than increasing demand for corn for ethanol production. Because raw ingredients like corn comprise only a small fraction of food costs, the cost of energy used to process and transport food impacts prices more drastically than the demand for corn for ethanol production.
“It’s a myth that ethanol is responsible for rising food prices,” said Todd Sneller, administrator of the Nebraska Ethanol Board. “The truth is that food prices are higher because energy prices are higher. The effect of the demand for corn ethanol on the price of food is negligible.”
To read more, click here.
07/13/2007
Nebraska gas prices highest in US
As Nebraska’s gas prices soar to the highest in the United States, drivers can find a little relief for their battered wallets by filling up with ethanol blends like E-10 and E85.
Recent media reports revealed that Nebraska’s average gas price of $3.29 per gallon now ties Hawaii and Michigan for the highest in the country. Experts cite skyrocketing prices for crude oil and the shutdown of gas refineries as cause for rapidly inflating gas prices.
To read more, click here.
05/17/2007
Ethanol alternative offsets record gas prices
Higher gas prices will greet Nebraska motorists when they hit the road this Memorial Day weekend as mid-May gas prices exceed previous records set in 2005.
“ Nebraska motorists will spend $3.5 billion annually for gasoline at current gas prices, using 1.2 billion gallons of motor fuel in the next year,” said Todd Sneller of the Nebraska Ethanol Board.
To read more, click here.
06/26/2006
Just the Facts: Ethanol Markets
As Americans are seeking to find the causes of continued high gas prices, many are incorrectly attributing the increases at the pump to the increased spot market price for ethanol. To do so ignores the realities of the ethanol market and the small role the spot market plays.
For instance, the spot market for ethanol represents just 5-15% of the overall ethanol market in the U.S. The vast majority of ethanol is sold on long-term contracts at prices far below spot market levels.
To learn more about how the ethanol market works, click HERE.
06/16/2006
Ethanol Boom Means Jobs and Increased Income for Nebraska
The Nebraska Ethanol Board estimates that by 2007, more than two thousand Nebraskas will work at one of the state's ethanol plants. Click here to read more.
05/23/2006
E Energy Adams Ready to Break Ground
A groundbreaking ceremony for the E Energy Adams ethanol plant to be constructed near Adams is scheduled for 2:30 p.m. Friday, June 2, company officials announced Monday.
The plant is expected to employ nearly 35 workers at a total annual payroll of about $1.4 million. In addition to a positive impact on the local and area economy, Alderman has said local corn producers could expect at least a nickel increase on their price per bushel as a result of the plant.
The plant is projected to use 50,000 bushels of corn a day and 19 million bushels of corn a year.
BeatriceDailySun.com
05/17/2006
Alternative Fuel Vehicle Refueling Property Credit
In August of 2005, President Bush signed the Energy Policy Act of 2005. The act provided for the first ever federal income tax credit for the installation of E85 fueling systems. The infastructure development provision provides a 30% federal income tax, up to $30,000 per property, to install alternative fuel dispensing systems. In May of 2006, the Internal Revenue Service (IRS) published Form 8911, Alternative Fuel Vehicle Refueling Property Credit.
To read more, click here.
04/24/2006
Mid American Agri Products Breaks Ground at Cambridge
The Nebraska Ethanol Board congratulated Nebraska-based Mid American Agri Products for breaking ground on a new 44 million gallon per year ethanol plant near Cambridge, NE.
To read more, click here.
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