Fuel Oil News

Fuel Oil News March 2015

The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding

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Fuels eIA N e w s 12 MARCH 2015 | FUEL OIL NEWS | www.fueloilnews.com last year as a result of RFS uncertainty. In his letter, he explained to McCarthy how the loss of his plant also forced him to lay off 30 employees and caused him to lose his daughters' college funds and his retirement savings. Wootton pointed to a statement late last year in which McCarthy said: "While I would have preferred to have this rule done earlier, it hasn't slowed down that industry that I can see." The EPA has failed to establish biod- iesel volume requirements under the RFS for 2014, 2015 and 2016. Under statute, all three years' volumes should have been set. While certain sectors of the renewable fuels industry have fared better in absorb- ing the RFS uncertainty—particularly more mature industries such as corn eth- anol—the delays have been disastrous for new industries still getting off the ground. This is particularly true for biodiesel, the first EPA-designated advanced biofuel under the RFS to reach commercial-scale production nationwide. Exacerbating the difficulties facing the industry, the EPA earlier this week approved a streamlined approach for allowing imports of Argentinian biodie- sel into the United States—fast-tracking foreign imports under the RFS that are subsidized by Argentinian tax policy and are likely to undercut U.S. produc- tion. The decision has been perceived by biodiesel producers and the domestic soybean industry as adding insult to injury. Recent EPA statistics show that the U.S. biodiesel market dropped in 2014, from a high of 1.8 billion gallons in 2013 to 1.75 billion gallon last year. But the total volumes—which remained steady only because the EPA last year signaled that it would finalize a strong RFS—mask the fact that dozens of biodiesel plants have stopped production or laid off work- ers in recent months. The most recent casualty was Green Earth Fuels, a large plant outside Houston that filed for bank- ruptcy earlier this month. TREMCAR ExpANdS Tr e m c a r C o n t i n u e s E x p a n d i n U S Tremcar USA, Inc., a family owned tank manufacturer, is expanding its United States head office in Strasburg, Ohio. Recently, Tremcar has expanded its pro- duction line to produce dry bulk tankers to carry cement. Tremcar now employs over 200 people in New England and the Mid-Atlantic region. For the last 15 years, Tremcar has expanded its operations in the United States to accommodate the market in terms of warranty service and more. Tremcar offers repair services, leas- ing, certification HM-183 and testing.

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