BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Petrochemicals

'Big oil' may block branded retail blender pumps: Green Plains

Bunker Fuel | Electric Power | LNG | Crude Oil | Steel | Tankers

Market Movers Europe, Jun 17–21: Tensions rise in Middle East; Mozambique LNG decision expected

Oil | Crude Oil | Oil Risk | Petrochemicals | Aromatics | Olefins | Petrochemicals Risk | Polymers | Solvents & Intermediates

S&P Global Platts University (at MEEPEC)

Petrochemicals

Panorama del sector petroquímico en Estados Unidos, semana del 17 de junio

'Big oil' may block branded retail blender pumps: Green Plains

Highlights
    

US ethanol makers expect E15 (15% ethanol-gasoline blend) to hit the USmarket in 2011, but "big oil" may attempt to block that, Todd Becker, CEO ofethanol maker Green Plains Renewable Energy, said Friday during an earningsconference call. Starting in 2011, the ethanol industry expects to be "fighting for theisland," said Becker of gasoline retail sites. "Big oil controls the island[and] won't allow access to the blender pumps," he said. There are some independent retailers, not bound by oil company brandingcontracts, who are "standing by" to sell E15, he said. The US Environmental Protection Agency on October 13 approved the use ofup to 15% ethanol (E15) in gasoline for conventional vehicles of model year2007 and younger. A decision on 2001-2006 cars and light trucks is expected byyear-end. For now, EPA has approved only E10 for vehicles older than 2007. Carmaker warranties only cover E10 for non-flex fuel vehicles. Blender pumps, which mix gasoline and ethanol at a retail site, areexpected to be used to sell higher ethanol blends. On Thursday, the USDepartment of Agriculture laid out a biofuel plan that would help fund 10,000blender pumps in the US. But, according to Becker, some oil companies will block that. Bothrefiners and retailers have said they are concerned about liability issuesfrom misfueling. At this point, the majors have not told marketers where they stand onbranded sites and blender pumps, according to Dan Gilligan, president of thePetroleum Marketers Association of America. "I have not seen any commentscoming from the major brands," as far as blender pumps, said Gilligan in aninterview Friday. About 100,000 of the US' 160,000 gasoline retail sites are branded, hesaid, noting that all branded contracts have a "slate of fuels" requirementthat sets the fuels a retailer is allowed to sell. Gilligan thought ethanol producers were "jumping to a conclusion" thatthe majors will not allow blender pumps, adding that the oil companies' driveto meet renewables mandates could prompt some to back such a move. Representatives of BP, Shell and ExxonMobil were not immediatelyavailable for comment.--Beth Evans, beth_evans@platts.comSimilar stories appear in Oilgram News. See more information at http://www.platts.com/Products/oilgramnews/