In Colorado, Gevo, Inc. has engaged Koch Project Solutions to provide front end engineering, design and project execution management services for the expansion projects that Gevo is in the process of financing with Citigroup Global Markets, Inc. “The world is changing rapidly. We appreciate being able to tap into Koch Project Solutions, a subsidiary of […]
In Finland, Neste has acquired a minority stake in Alterra Energy, an innovative chemical recycling technology company. Neste’s equity investment supports Alterra Energy’s expansion. The collaboration between the companies will include joint technology development and global technology licensing, enabling the partners to collaborate in commercializing Alterra’s proprietary thermochemical liquefaction technology in Europe. Alterra’s technology enables […]
In Iran, Reuters reports the Revolutionary Guards Corps seized a South Korean-flagged tanker carrying 7,200 metric tons of ethanol that was headed to Fujairah in the UAE from Jubail, in Saudi Arabia. The vessel was seized and escorted to Iran’s Bandar Abbas port city while its mostly South Asian crew was detained. Iran seized the […]
In Argentina, Telam reports the Ministry of Energy decided to implement a gradual and progressive policy for aligning biofuel prices with the costs that the industry faces due to the delay in the value regulated by the state, which will be applied gradually over five stages until next May. In the case of biodiesel, Resolution […]
In Turkey, the Associated Press reports the Turkish businessman associated with the $511 million tax fraud scheme with Salt Lake City-based Washakie Renewable Energy is being sought for arrest by Turkish authorities. He has been linked with an $132 million money laundering scheme in Turkey, which is why they are seeking his arrest. Warrants have […]
In Singapore, Platts reports that the POGO spread, which determines voluntary biodiesel blending based on the prices of palm oil and heating oil, is between $400 and $500 per metric ton, effectively locking out Malaysian and Indonesian palm oil exports from Europe through H1. The POGO spread kept discretionary blending from being viable for most […]
In Canada, CBC reports Husky Energy was forced to shut down its ethanol plant near Lloydminster, Saskatchewan following a loud boom and later and fire in a dryer. The fire was put out within one minute by the fire suppression system, resulting in no injuries to the two people working at the time but the […]
In Minnesota, Calyxt, Inc., a plant-based technology company, contracted to sell all 2020 grain production of its high oleic soybean to ADM. The total purchases represent approximately four million bushels of high oleic soybean grain. ADM is responsible to crush the grain and will market and sell the resulting oil and meal. Calyxt’s high oleic […]
In Washington, D.C., ethanol production decreased 4.3%, or 41,000 barrels per day (b/d), to 934,000 b/d—equivalent to 39.23 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production remained 12.4% below the same week last year. The four-week average ethanol production rate declined 1.0% to 964,000 b/d, equivalent to an annualized […]
In Texas, San Antonio Report reports that there will be enough methane from decaying waste in a private San Antonio landfill harvested via a CPS Energy, VIA and EDL initiative to offset the need for fossil fuel use by most of VIA Metropolitan Transit’s bus fleet. “CPS Energy, VIA, and energy company EDL are working […]
