May 10, 2022
Volatility in oilseed market due to Ukraine war
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May 5, 2022
Oil and gas major Shell has reported its highest ever quarterly profits as prices surged globally. Shell made $9.13 billion (€8.6 billion) in the first three months of 2022, nearly triple its $3.2 billion (€3 billion) profit it announced for the same period last year. However, the company also revealed that said exiting from the Russian oil and gas market due to... [Read More]

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Apr 21, 2022
Russia’s war in Ukraine has hit the supply of almost half of the world’s sunflower oil exports. Shipments of sunflower oil - and seeds used by crushers elsewhere - have ground to a halt amid the war, disrupting supplies of the commodity used in biofuel production. The shortage of Ukrainian sunflower oil has triggered a domino effect that underscores how interconnected... [Read More]

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Apr 20, 2022
StocExpo, the largest and longest-running international bulk liquid storage event, is returning on 23-25 May at the Rotterdam Ahoy with a variety of exhibitors set to be present. Over 140 leading companies from across the world’s bulk liquid storage supply chain have signed up to exhibit at the event. The exhibitors include MannTek showcasing its products for safe... [Read More]

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Apr 8, 2022
The NGO body Transport & Environment has accused the European biofuels lobby of “cynically taking advantage of people’s concerns over fuel prices” after it called for imports of Russian oil to be replaced by biofuels made from food crops. A new study by T&E has provided evidence that crops are needed much more for food than fuel, and that using biofuels... [Read More]

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Apr 1, 2022
Valmet and Neles Corporation have announced that their respective boards have signed a merger agreement. The combined company will have an accumulative net sales for 2020 of approximately €4.3 billion. The combination is expected to generate annual run-rate synergies of approximately €25 million of which approximately 60% are expected to be achieved by 2023 and approximately... [Read More]

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Mar 28, 2022
Intercontinental Exchange has announced the launch of two Renewable Volume Obligation futures contracts, expanding its US renewable fuels futures markets. The US Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS) mandates the incorporation of renewable fuels into transportation fuel. Each year, the EPA outlines the volume requirements for each renewable... [Read More]

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Feb 15, 2022
Clariant has announced that the publication of its full year 2021 results will be delayed due to an investigation into accounting issues. As a result, the publication of the Integrated Report 2021 and the Annual General Meeting of shareholders (AGM) will be postponed beyond the scheduled dates. Clariant shares fell more than 16% in early trading on February 14. The... [Read More]

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Jan 27, 2022
The continued dryness in South America has led the US Department of Agriculture (USDA) to revise the forecast of global soybean production considerably downward. Expectations for world trade, processing and season-ending stocks were adjusted accordingly. In its latest report, the USDA significantly lowered its forecast of global soybean supply and demand. The biggest... [Read More]

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Jan 26, 2022
Participants will have an opportunity to join the digitalisation journey and visit Neste’s refinery and Technology Centre during the third day of the Petrochemical and Refining Congress (PRC) Europe 2022. The plant is located in the Kilpilahti industrial area in Porvoo, Finland, and the event will be on 1 June. For the second consecutive year, PRC Europe is co-hosted... [Read More]

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Jan 24, 2022
It has been revealed that around 7% from 1.4 billion ha of crops such as grain, oilseeds, protein, sugar and fibre plants, fruits, vegetables, nuts and others were grown worldwide went into biofuels production in 2020. Biofuel production is mostly located in countries where there is already a surplus of feedstock (especially maize, soy and palm oil) and legally prescribed... [Read More]

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Jan 19, 2022
The National Biodiesel Board has unveiled its new name and new brand - Clean Fuels Alliance America. The organisation said that its transformation to Clean Fuels helps the industry represent all its industry members: biodiesel, renewable diesel and sustainable aviation fuels. “Our industry has seen and will continue to see significant growth as the world around us... [Read More]

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Jan 13, 2022
Rapid economic recovery is driving global coal power generation to a record this year and overall coal demand to a potential all-time high underlining urgent need for policy action, the International Energy Agency (IEA) revealed. The IEA said in its annual market report this was undermining efforts to reduce greenhouse gas emissions and was potentially putting global... [Read More]

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Dec 13, 2021
Spanish-based firm Abengoa  has been fined  €20 million for rigging ethanol benchmarks. The European Commission, Reuters reported, has been investigating Abengoa, Alcogroup and Lantmannen on alleged rigging of ethanol benchmarks. These figures were published by energy and commodities information provider S&P Global Platts. The European Union's competition watchdog... [Read More]

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Nov 30, 2021
StocExpo has unveiled a jam-packed conference programme exploring the future of liquid storage. The largest and longest running international bulk liquid storage event returns on 8-10 March at the Rotterdam Ahoy. The conference will take place over all three days of the event, and will feature some of the bulk liquid storage sector’s best and brightest exploring the... [Read More]

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