News

Finnish renewable diesel producer Neste has posted a 6% rise in full-year operating profit to €983 million, compared to €925 million in 2015, helped by strong demand for its renewable products. In its 2016 full-year financial statement, the company stated that its renewable products business recorded a full-year comparable operating profit of €469m, compared to €402m in…
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Will a possible US tax reform and border adjustability affect ethanol producers in the US? K·Coe Isom’s Brian Kuehl and Donna Funk, unpick this issue. As the 115th US Congress begins in Washington, DC, comprehensive tax reform is set to be one of the top priorities for congressional leadership and for the new Trump administration. There is a high likelihood that comprehensive tax…
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Greenergy, a UK-based waste-to-biodiesel producer, has announced that it has reached agreement for Canada-based business services and industrial company Brookfield Business Partners to take over and invest in its business with the aim of accelerating growth. Existing Greenergy management shareholders will invest alongside Brookfield Business Partners and will retain a 15% share in the…
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A Hawaii renewable energy company is planning to export biofuels to a South Korean company that supplies electricity to the island nation. According to West Hawaii Today, Hawaii-based Lamplighter Energy in Hawaii will announce the agreement with Hanbo Energy Korea at the state Capitol next week Tuesday (31 January, 2017). Lamplighter CEO Andre De Rosa said the company will export biofuel in…
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UK-based gas-to-liquids (GTL) company Velocys has announced that it has signed a memorandum of understanding (MoU) with ThermoChem Recovery International (TRI), establishing a strategic alliance. TRI will be Velocys’ preferred supplier of gasification systems for its biomass-to-liquids (BTL) plants. The agreement will see the alliance partners rapidly deploy an integrated biorefinery…
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Europe’s renewable energy policy needs more of a “realistic mix of renewable energy solutions” and needs to move away from depending on oil if it wants to achieve its goal of decarbonising EU transport, according to speakers at a recent debate. Experts from the ethanol industry and the energy sector attended the POLITICO conference -   Decarbonising Europe’s…
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 The number of cars made in the UK reached a 17-year high last year, according to the UK’s Society of Motor Manufacturers and Traders (SMMT) About 1.7 million cars rolled off production lines in 2016, a rise of 8.5% on the year before. The Society of Motor Manufacturers and Traders (SMMT) added that exports rose 10.3% to 1.35 million vehicles, a record for the second consecutive…
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Rachel Gantz, communications director at the Renewable Fuels Association, gives her outlook for the year ahead. The industry experienced record demand for ethanol in 2016 and we expect that to continue into 2017. We expect ethanol demand to be driven by a host of factors, both domestically and abroad. Thanks to Environmental Protection Agency (EPA) fully implementing the 2017 conventional biofuel…
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Carl Icahn, US President Donald Trump’s special adviser on regulatory reform, is facing a conflict of interest scrutiny after the shares of an energy company owned by him doubled in value. The shares of CVR Energy have surged after projections that the new administration would ease environmental regulations, including the Renewable Fuel Standard (RFS) that has cost CVR more than $200…
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The global biodiesel market is projected to reach a total worth of $41.18 billion (€38.45bn) by 2021, growing at a compound annual growth rate of 3.8%. A new study by RnR Market Research states biodiesel’s non-toxic and environmentally friendly properties, along with its greenhouse gas (GHG) reductions, will increase its demand in automotive, power generation, marine, railway,…
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Finnish forest industry company UPM has featured on news programme CNN espousing the benefits of using biofuels. In an Eco Solutions programme entitled ‘The sustainable fuel growing on trees’, UPM Biofuels’ vice president Sari Mannonen discussed the process of making its wood-based diesel fuel – UPM BioVerno diesel. UPM BioVerno is a local, Finnish diesel fuel. It is…
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Indonesia’s Coordinating Minister of Maritime Affairs, Luhut Binsar Panjaitan, has said the country will reduce imports and promote the use of palm oil usage for biofuels to reduce its dependency on other countries, due to an uncertain global environment. According to local website netralnews.com, Panjaitan said Indonesia must be read to face changes in a current global situation, following…
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Emily Skor, CEO at Growth Energy, gives her outlook for the year ahead. 2016 was a game-changing year for America’s biofuel industry. From exports to the production of cellulosic biofuels, we set a new pace for success. And for the first time in years, the Environmental Protection Agency (EPA) announced targets for conventional ethanol consumption that meet the goals set forth by Congress…
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