Showing posts with label clean fuel standard. Show all posts
Showing posts with label clean fuel standard. Show all posts

Thursday, August 6, 2015

Oil Industry's devastating alternative to the Clean Power Plan


Nick Abraham editor Oil Check Northwest 
 
August 6th - Earlier this week, President Obama announced its long awaited Clean Power Plan, and the new rules were met with plenty of fanfare from all of us that want clean air to breathe and a healthy climate to live in.

Unsurprisingly, oil and coal companies were not as pleased. They’ve organized an army of front groups, pseudo-think tanks and bought off organizations to attack and cripple the plan.

Locally, “astro-turf” groups like Oregonians for Sound Fuel Policy and the Washington Climate Collaborative are not just attacking action like the Clean Power Plan. They have a widespread agenda to prevent new environmental protections and undercut the Northwest’s progress.

They’ve laid out an alternative to a clean energy future, a Dirty Power Plan, for the Northwest. You won’t see them announcing it from podiums or siting down with Katie Couric to talk it over. But make no mistake the fossil fuel industry has a plan for our corner of the world.

1. Sinking Clean Fuels

No surprise here. With a virtual monopoly on what we can fuel up with, oil companies are fighting desperately to prevent either state from enacting a clean fuels program. Despite putting $2 million into Oregon campaigns in 2014 clean fuels prevailed in a landmark victory this past session in Oregon. The legislature mandated that 10% of fuels in the state must come from renewable sources. Not one’s to bow out gracefully,oil companies have put forth 3 different ballot measures for 2016 that would repeal or weaken clean fuels.

In Washington, legislators who received millions from oil companies, almost completely derailed compromise on a new transportation package by trying to preemptively block clean fuels. Senate leaders added a poison pill to the transportation package that said if Governor Inslee implemented clean fuels through executive order all alternative transportation funding would move to road construction. In an effort to keep our state moving (literally), the Governor begrudgingly accepted the deal. Chalk one up for the oil companies.

2. Pipelines Trains and Terminals

The Northwest stands directly between Asian markets and major fossil fuel deposits in Canada and the interior Western US. The fastest, cheapest route to getting their coal, oil and natural gas to export is through our backyard, and that’s exactly what their Dirty Power Plan would propose.
Here’s what that would look like:

- Coal terminals North of Bellingham and Longview WA with over 90 million metric tons of coal total

- Expanded Bakken crude oil refining in Ferndale, Anacortes, Tacoma, Hoquiam, and Vancouver WA as well as Clatskanie OR could move over 1 million barrels/day through our region. That’s 14 oil trains a day

- Natural gas: 140 miles of new pipeline from Sumas WA to Warrenton OR cutting through major population centers along the I-5 corridor as well as a 230 mile line from Malin to Coos Bay OR

no-bomb-trains.jpg

3. Keeping Pollution Free

This year, both Oregon and Washington had bills in the legislature to put a price on pollution. In Oregon bill 3470 would have given the state the authority to regulate pollutants much the same way as California currently does, through a carbon cap and trade system. A second bill (3250), would have charged polluters a fee and given that money back to each Oregonian with a dividend check, very similar to Alaska's program that charges oil companies a royalty and gives checks to every resident. (If you've ever had a friend from Alaska they cannot shut up about their "free" check every year)

Unfortunately both bills didn’t make it out of session, as a transportation fight took out all the air in the legislature. Much in the same was as Washington; a provision was added to the transportation package that would cut clean fuels in exchange for a deal. Only this time oil companies were caught red handed writing the bill themselves. After a drawn out battle, the package was killed and clean fuels lived on to fight an other day.

In Washington Governor Inslee laid out a proposal to cut emissions from the state’s largest industrial polluters, a plan that would have given the billions raised to badly need transportation improvements and education funding that’s still in a $3.5 billion hole. This bill, similar to Oregon, was killed after a barrage of attacks from oil-backed legislators.

Not to be out maneuvered, in late July, Governor Inslee announced that the state would be regulating emissions through the Department of Ecology’s mandate. As impressive as this plan is, it still needs backup to be completely effective. To truly have a strong impact, the law will need a way to enforce the regulations. Many predict that a price on pollution will be put on the ballot in 2016 and this would give the Governor’s proposal some much needed teeth.

This week’s Clean Power Plan announcement was a powerful step forward; we couldn’t be happier to see a tough but achievable strategy to cut emissions. But lets not forget that fossil fuel companies have a plan of their own. And the Dirty Power Plan does not paint a bright future for the Northwest.

Nick Abraham editor Oil Check Northwest
nick@oilchecknw.com 


Monday, August 3, 2015

Renewable Energy Group to Acquire Imperium Renewables


Deal Will Give REG Greater Access to Growing West Coast Advanced 

Biofuels Market

(AMES, IA)----()  Renewable Energy Group, Inc. (NASDAQ:REGI) and Imperium Renewables, Inc. announced Friday that they have signed an asset purchase agreement where REG would  acquire substantially all the assets of Imperium, including a 100-million gallon nameplate capacity biomass-based diesel refinery and deepwater port terminal at the Port of Grays Harbor, Washington.
Under the terms of the agreement, REG will pay Imperium $15 million in cash and issue 1.5 million shares of REG common stock in exchange for substantially all of Imperium’s assets.  In addition to these payments, REG will pay either $1.75 million in cash or 175,000 shares of REG common stock at closing as elected by REG.  For two years post-closing, Imperium may receive up to a $0.05/gallon payment for biomass-based diesel produced and sold. In addition at closing, Imperium will retain its net working capital value of approximately $25 million.  REG will also assume $5.2 million of Imperium’s debt from Umpqua Bank, which has agreed to provide REG Grays Harbor, LLC with an additional loan capacity of up to $5 million to fund capital expenditures and improvements at the Grays Harbor facility.  Closing is subject to satisfaction of customary closing conditions.
“Bringing the Imperium assets and their team into the REG network is a tremendous addition to our business,” said REG President and CEO Daniel J. Oh.  “As we combine our companies, we will expand the reach of REG along the west coast, including production and distribution.  We already sell into these markets as they have responded to the call for more clean, advanced biofuels through low carbon fuel standards.  This will enable REG to be more efficient and timely in our delivery and improve our supply assurance. We look forward to working with Imperium’s experienced staff and plant employees, maintaining operational activities at Grays Harbor, and becoming active members of the community working with the Port of Grays Harbor and the cities of Hoquiam and Aberdeen.”
“REG’s growth over the last eight years has made them an industry leader and our biodiesel facility in Hoquiam will greatly expand their domestic production footprint and continued success.” said John Plaza, president and CEO of Imperium Renewables. “We hope our facility will help them continue to grow and diversify biofuel production and sales both locally and around the region.”
Umpqua Bank officials welcomed the deal.  “We are very pleased to support REG in its acquisition of Imperium and growing their business here for the long-term future,” said Danielle Burd, Executive Vice President and Regional Manager at Umpqua Bank. “We had a great relationship with Imperium over the last several years and look forward to continuing that as a lender to REG Grays Harbor.” 
Based in Ames, Iowa, REG is the leading North American producer and marketer of biomass-based diesel, with 10 active biorefineries across the US and a nationwide production, distribution and logistics system.
Seattle-based Imperium Renewables began developing proprietary technology and processes in the production of biodiesel in 2004. The Grays Harbor refinery began operation in August 2007 in Hoquiam, Wash. and is well positioned for advanced biofuel production, storage, and transport from southern California to western Canada. The fully-operational 100-million gallon nameplate capacity biorefinery will be renamed REG Grays Harbor, LLC.  The facility includes 18 million gallons of storage capacity and a terminal that can accommodate feedstock intake and fuel delivery on deep-water PANAMAX class vessels as well as possessing significant rail and truck transport capability.
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About Renewable Energy Group
Renewable Energy Group, Inc. is a leading North American advanced biofuels producer and developer of renewable chemicals. REG utilizes a nationwide production, distribution and logistics system as part of an integrated value chain model to focus on converting natural fats, oils and greases into advanced biofuels and converting diverse feedstocks into renewable chemicals. With 10 active biorefineries across the country, research and development capabilities and a diverse and growing intellectual property portfolio, REG is committed to being a long-term leader in bio-based fuels and chemicals.
For more than a decade, REG has been a reliable supplier of advanced biofuels which meet or exceed ASTM quality specifications. REG sells REG-9000™ biomass-based diesel to distributors so consumers can have cleaner burning fuels that help diversify the energy complex and increase energy security. REG-9000™ biomass-based diesel is distributed in most states in the US. REG also markets ultra-low sulfur diesel and heating oil in the northeastern and midwestern US. For more information on REG visit our website at www.regi.com.
About Imperium Renewables
Imperium Renewables is a global leader in next-generation biofuel production. Founded in 2004, the company is driven by a single goal – to fundamentally change the way we fuel transportation by developing and producing clean, renewable and sustainable alternative fuels. Imperium operates one of the nation's largest BQ-9000®-certified biodiesel facilities, Imperium Grays Harbor in Hoquiam, Wash.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the completion of Imperium acquisition and the potential benefits of the transactions. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to the satisfaction of closing conditions to the transaction; REG’s ability to integrate Imperium’s business with its own; whether REG Grays Harbor would be able to produce biodiesel profitably; changes or events affecting the business, financial condition or results of operations of either REG or Imperium prior to or following the closing of the transaction; and other risks and uncertainties described from time to time in REG's quarterly reports on Forms 10-Q for the period ended March 31, 2015, annual report on Form 10-K for the year ended December 31, 2014 and other periodic filings with the Securities and Exchange Commission.
All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.

Saturday, June 27, 2015

Diverse voices ask WA legislature to stand up against oil industry pressure

Diverse voices ask WA legislature to stand up against oil industry pressure; protect health, safety, communities

Health, labor, environment, and social justice groups call for end to oil’s roadblock on key issues


Olympia, WA – A diverse coalition is calling on the State Legislature to stand up to the undue influence of the oil industry that is putting Washington’s health, climate, safety, and communities at risk.
“When progress on our health and environment is blocked, time and time again, you find the fingerprints of the oil industry,” said Becky Kelley, president, Washington Environmental Council. “The cynical maneuvering of Big Oil is holding up a needed transportation revenue package, where they have convinced the Senate to go along with a last ditch effort to block a Clean Fuel Standard. They gutted the oil transportation safety bill. They’re fighting the commonsense closure of the Big Oil Tax Loophole. And they killed any hope of climate action this year. At what point will our leaders say, enough is enough?”
This legislative session, in addition blocking the transportation revenue package with a “poison pill”, the oil industry lobbying has resulted in the Big Oil Tax Loophole remaining open in the latest budget draft, no progress on climate policy, and an oil transportation bill which failed to provide needed protection for Puget Sound and delivered unreliable funding for protecting communities. 
“When you look at the Senate’s proposal on transportation revenue, it’s pretty clear who is being prioritized: the oil industry,” said Rich Stolz, Executive Director, OneAmerica. “Communities of color and low income communities are disproportionally impacted by climate disruption and air pollution; they’re also disproportionally impacted by inadequate access to transit. Pitting clean air and transit against each other is a social and environmental injustice.”
 “Pollution from transportation is the largest source of climate emissions and a significant factor in lung disease, like asthma,” said Carrie Nyssen, Vice President of Advocacy and Air Quality, American Lung Association of the Mountain Pacific. “Legislators should put the health of their constituents ahead of the oil industry and move forward on needed policy solutions.”
“This is a chance for our legislators to put partisan ideology aside and stand up for clean air and transit,” said Shannon Murphy, president of Washington Conversation Voters. “Just this week, Oregon stood strong in the face of this pressure – we hope their example serves as a call to action to the Washington legislature.”
American Lung Association of the Mountain Pacific, Climate Solutions, OneAmerica, Puget Sound Sage, Union of Concerned Scientists, Washington Conservation Voters, and Washington Environmental Council all joined the call for the legislature to stand up for the interests of Washingtonians, not the oil industry. 

Contacts:
Kimberly Larson, kimberly@climatesolutions.org, 206.388.8674
Pavan Vangipuram, pavan@weareoneamerica.org, 206.452.8403
Carrie Nyssen, cnyssen@lungmtpacific.org, 360.921.1484
Kerry McHugh, kerry@wecprotects.org, 206.902.7555