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The results below are recent news items.
The results below are recent news items.
Velocys intends to raise £6 million (€6.7 million) through a placing, according to an announcement from the company.
The renewable fuels specialist will place 60,000,000 new Ordinary Shares at a placing price of 10 pence per share. This represents a 0.52p discount to the closing mid-market price per Ordinary Share as at 20 July 2018.
According to Velocys’ statement, net proceeds…
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Argent Energy has taken over the biodiesel production assets of Biodiesel Amsterdam, as well as associated tank storage and tank cleaning facilities.
The deal comes as part of a broader acquisition by biofuel producer Argent Energy’s parent company, the conglomerate John Swire & Sons. Alongside Dutch investment firm Parcom Captial, John Swire & Sons has taken over the Simadan…
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A major new report has presented evidence claimed to highlight unnecessary Government caution over a roll-out of E10 petrol in the UK.
The Unwarranted Caution report has been published by the All Party Parliamentary Group for British Bioethanol, a cross party group of MPs and Peers with an interest in promoting the benefits of the bioethanol industry and its products. One of the report's key aims…
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French biodiesel producer Avril’s plants are running at full capacity for the first time since June, according to Reuters. However, the company’s CEO says it could soon be pushed back to part-time operation due to Argentine imports.
The boost in production is explained by strong oil prices and a surge in biodiesel demand, Reuters reports.
Avril is Europe’s largest biodiesel…
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The US Environmental Protection Agency (EPA) has approved a variety of pathways for renewable fuel derived from sorghum as part of the Renewable Fuel Standard (RFS) programme. This includes the use of sorghum to produce biodiesel.
Acting EPA administrator Andrew Wheeler signed the final pathway on 24 July.
“Today’s approval sets the stage for more homegrown fuels under the Renewable…
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$4 million AUD (€2.5 million) in funding is set to be provided to Australia’s Southern Oil Refining for a pilot plant which will turn biosolids from sewage to crude oil. According to a statement, the demonstration plant will be the first step towards developing biosolid waste to renewable fuels plants at sewage treatment facilities in Australia.
The Australian Renewable Energy Agency…
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The US National Biodiesel Board (NBB) has filled an opening brief in its lawsuit objecting to EPA’s methodology for establishing the 2018 Renewable Fuel Standards (RFS).
Significantly, NBB’s brief is the first to hit US courts arguing that the Environmental Protection Agency (EPA) must account for all small refinery ‘hardship’ exemptions, including retroactively granted…
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Advanced Biofuels Canada (ABFC) has announced a significant expansion to its membership.
ABFC is the industry association for biofuels in Canada. According to a statement, the new members include fuel distributors, global technology developers and strategic compliance services providers. These include Canada Clean Fuels, Canfor Pulp, EcoEngineers and Honeywell UOP.
“Our organisation’s…
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The Indonesian government is planning to make the use of biodiesel blended fuels compulsory for all vehicles and heavy machinery from 1 September, according to Reuters.
According to the wire service, Indonesia’s Renewable Energy Director General Rida Mulyana announced the government’s ambitious aim on 1 August.
Indonesia’s president, Joko Widodo said in a cabinet meeting on 31…
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The US Department of Agriculture has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi.
Velocys is describing the FONSI as a significant step towards the permitting of the Bayou Fuels facility. It was issued as part of the company’s ongoing development of the 100-acre…
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A public school district in San Diego, California, has switched its fleet of 53 school buses to run on Finnish company Neste’s renewable diesel.
The Vista Unified School District (VUSD) is the fourth largest in San Diego County, comprising 32 schools with programmes ranging from kindergarten through to adult educational facilities. The district serves more than 23,000 primary to high school…
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Major US biodiesel producer Renewable Energy Group has published its financial results for the second quarter 2018.
The figures cover the quarter ended 30 June, and they reveal a dramatic year on year improvement for the company.
Net income per diluted share was $33 million over the period, compared to a net loss of $34.8 million in the second quarter of 2017. Adjusted net income was $23.5…
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Researchers claim to have found a way to protect yeast from damage inflicted by pretreatment chemicals in the biofuel production process.
Pretreatment chemicals are used in biofuel facilities to accelerate the breakdown of plant material, however, these chemical are sometimes poisonous to the yeasts that turn the plant sugars into fuel.
In a study published in the journal Genetics, a team from…
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US biofuel producer Hero BX is aiming to drastically boost the capacity of a shutdown biodiesel facility it recently purchased in South Roxana, Illinois.
As reported by Biodiesel Magazine, the acquisition of the 12MGY facility was made in an auction held by Maas Companies, which closed on 24 July 2018. Financial terms for the acquisition of the former Midwest Biodiesel Products facility…
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Biotechnology company Novozymes has published its results for the first half of 2018. The Denmark headquartered company produces enzymes for biofuel production among its range of products.
The company reports an overall organic sales growth of 4% in the first half of the year, and net profit growth of +5%.
“Overall, I’m satisfied with our performance in the first half year”,…
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#Spain’s #Repsol is preparing to raise jet fuel output by 15–20% in response to mounting supply disruptions caused by the #Iran #war, which has unsettled global energy markets and tightened aviation fuel availability.
https://biofuels-news.com/news/repsol-to-lift-saf-output-as-iran-conflict-tightens-supplies/
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#Nufarm Limited has expanded its strategic #partnership with #bp, reinforcing Nufarm’s ambition to scale sustainable biofuels and help meet growing demand for sustainable aviation fuel (SAF) and renewable diesel (RD).
https://biofuels-news.com/news/nufarm-extends-saf-and-rd-partnership-with-bp/
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#Thailand has moved to restrict #palm #oil #exports as domestic demand for #biodiesel surges, a trend closely linked to the ongoing conflict in the Middle East.
https://biofuels-news.com/news/thailand-restricts-palm-oil-exports-amid-rising-biodiesel-demand/
#biofuels #feedstock #demand #supply #SEAsia #war #conflict
