Nov 3, 2016
Crude oil prices continue to fall
Other News
Nov 3, 2016
Renewable Energy Group reports a strong third quarter 2016, with revenues of $624.6 million (€562.8,) and 163.1 million gallons of fuel sold.
Net income attributable to common stockholders was $22.9 million, compared to a net loss of $15.7 million in the third quarter of 2015.
REG sold 36% more gallons of fuel, resulting in a 58.2% increase in revenue from $394.8... [Read More]
Biodiesel News
Nov 3, 2016
In the US, the city of South Portland has launched a pilot programme to run a proportion of its municipal vehicles on locally produced biodiesel.
During the year-long programme, the Maine city will trial the use of 20% biodiesel (B20) produced by Maine Standard Biofuels, which would upon success be expanded to the city’s entire vehicle fleet.
With a goal to reduce... [Read More]
Bioethanol News
Nov 2, 2016
Brazil's Centre-South ethanol producers sold a total of 592 million litres (156 million gallons) of hydrous ethanol in the first half of October, declining by 15.94% compared to the last two weeks of September, official trade data shows.
According to local sugarcane industry association Unica, the sales decline can be attributed to the fewer working days in the period... [Read More]
Bioethanol News
Nov 2, 2016
Archer Daniels Midland (ADM), a US-based global food processing and commodities firm, has reported an increase in its third quarter profit and said that its ethanol dry mill review is progressing.
Net income was $341.6 million (€312m), or 58 cents per share, in the quarter ending 30 September, compared with $252 million, or 41 cents per share, in the same quarter... [Read More]
Bioethanol News
Nov 2, 2016
Green Plains, a Nebraska, US-based ethanol producer, net income attributable to the company was $7.9 million (€7.12m), for the third quarter of 2016 compared with net income of $6.2 million, for the same period in 2015.
Revenues were $841.9 million for the third quarter of 2016 compared with $742.8 million for the same period last year.
"We generated $42 million of... [Read More]
Bioethanol News
Nov 1, 2016
Bioethanol producer Vivergo Fuels has been chosen as one of the UK government’s new official Northern Powerhouse partners.
More than 30 businesses, institutions and organisations will help implement the government’s plan to help the North of England reach its full potential – and attract new jobs and investment to the region.
To achieve this, the government... [Read More]
Biodiesel News
Nov 1, 2016
Renewable Energy Group plans a $24 million (€21.7m) investment to expand its first biorefinery to an annual nameplate production capacity of 30 million gallons.
The REG Ralston expansion announcement comes on the heels of Landus Cooperative expanding its adjacent soy crush operation.
"Ralston is where it all began for REG and the experience and lessons we have learned,... [Read More]
Bioethanol News
Nov 1, 2016
Mexico's Secretariat of Energy (SENER) and the US Department of Agriculture (USDA) recently hosted a workshop to inform Mexican authorities of ethanol’s quality of life benefits.
US researchers, alongside with Colombian and Paraguayan regulators, held information sessions at the two-day meeting in Mexico City on the quality of life benefits and successful implementation... [Read More]
Other News
Nov 1, 2016
A new report by IFC, a member of the World Bank Group, finds that Egypt’s cement producers could save money and lower greenhouse gas emissions by using waste, so-called alternative fuels, to power their production facilities.
The study, Unlocking Value: Alternative Fuels for Egypt’s Cement Industry, assessed the potential for producers to increase the... [Read More]
Other News
Oct 31, 2016
The National Biodiesel Board (NBB) has named Donnell Rehagen as the trade group’s CEO. Rehagen was named interim CEO in June after serving 12 years as NBB’s chief operating officer.
“We couldn’t be more excited to elevate Donnell to the permanent position of CEO,” said NBB chairman Ron Marr.
He added: “His detailed knowledge of our organisation... [Read More]
Biodiesel News
Oct 28, 2016
The National Biodiesel Board, a US biodiesel trade body, has written a letter to the US’ Congress urging it to extend the biodiesel tax incentive before it expires on 31 December, 2016.
The letter was sent on behalf of US biodiesel producers nationwide and was sent to the House and Senate tax committee leaders. Policy stability is key to boosting advanced biofuels,... [Read More]
Other News
Oct 27, 2016
EXCLUSIVE. The date for the publication of the post-2020 Renewable Energy Directive (RED) has been mooted by an industry expert speaking at a biofuels conference.
An industry expert close to the sector, who spoke at the Argus Biofuels conference and wished not to be named, said that he believed RED phase two was due to come out on 7 December, 2016.
However, in a... [Read More]
Other News
Oct 27, 2016
Peru is the latest country to place anti-dumping tariffs on imports of biodiesel from Argentina for a period of five years, after complaints of unfair competition, the South American’s market regulator said.
According to Reuters, Peru, the second-largest export market for Argentine biodiesel, passed the measure "to prevent the imports of the biofuel to continue harming... [Read More]
Other News
Oct 25, 2016
The rapeseed oil industry was valued at $23.76 billion (€21.83bn) in 2014, and is expected to reach $35.39 billion by 2021 at a compound annual growth rate of 6.9%.
Rapeseed oil is extracted from rape crop which is the third largest crop cultivated in Europe.
Credence Research forecasts in a new market study that the global industry for rapeseed oil is anticipated... [Read More]
Policy News
Oct 24, 2016
The Swedish Bioenergy Association (Svebio) estimates that the August tax cuts given to biofuels in Sweden had a large effect on commercial transport, but the impact on E85 in private transport was more meagre.
“Private motorists seem to not be aware that after 1 August it’s become cheaper for them to fuel their cars with E85 ethanol than petrol if they have... [Read More]
Bioethanol News
Oct 24, 2016
Brazil-based oil company Petrobras said it is discussions to sell its stake in sugar and ethanol producer Guarani SA to France’s Tereos Internacional.
Petrobras is planning to sell its 45.9% stake in the company, according to the Wall Street Journal.
The proposed sale is part of Petrobras’ plan to sell certain assets to reduce debt.
The company is planning... [Read More]
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