In the Netherlands, Neste will acquire the Bunge Loders Croklaan’s refinery plant located in Rotterdam, the Netherlands for a purchase price of EUR258 million. The refinery plant is located next to Neste’s existing biorefinery and it consists of a pretreatment facility, tank farm, jetties and has a pipeline connection to Neste’s site. The closing of […]
In China, Bloomberg reports that increased demand for corn as animal feed for pigs has led to an ethanol shortage that has seen Sinopec pull back from E10 in the eastern region where the ethanol blend had taken its strongest hold. Although there have been questions regarding Beijing’s intentions to continue with its E10 plans […]
In Germany, Reuters reports Bayer has made $10 billion in writedowns against its new Monsanto acquisition in part due to farmers hit by low biofuels prices that in turn weighed on demand for its products. Depreciation of the Brazilian real amongst other FX issues and interest rates were the majority of the writedowns while the […]
In Minnesota, Governor’s Council on Biofuels has given Gov. Tim Walz its consensus report on the steps needed to grow Minnesota’s biofuels industry and get the state back on track to meet renewable energy goals. Walz charged the 15-member council to recommend policies to accelerate achievement of Minnesota’s biofuels and greenhouse gas reduction goals. The […]
In Ohio, Marathon Petroleum says the Dickinson, North Dakota renewable fuels facility is starting up. At full capacity, the facility is expected to produce 12,000 barrels per day of renewable diesel from corn and soybean oil. MPC intends to sell the renewable diesel into the California market to comply with the California Low Carbon Fuel […]
In Massachusetts, Kalion, along with 8 other companies, was selected by the U.S. Department of Energy to receive $5.7 million in funding with the AgileBioFoundry consortium to advance the fundamental understanding of industrial biotechnology. Kalion Inc. uses machine learning to accelerate the development of high-purity, low-cost glucaric acid. Glucaric acid and its related compounds enhance […]
In Colorado, the internal combustion engine is “far from dead—the fuel just needs to be changed” with a low-carbon or clean fuel standard that can help Colorado slash greenhouse gas pollution, the Renewable Fuels Association told the Colorado Energy Office after it released a draft roadmap toward GHG pollution reduction. “A properly designed, fuel neutral, […]
In Australia, the Chemical Engineer reports that BP has announced plans to shut its Kwinana Refinery in Western Australia after micro and macro factors made the low margin facility economically unviable. It announced immediate plans to turn it into an import facility but like many other oil refiners globally said it is exploring the potential […]
In Minnesota, Platts reports ADM’s chief financial officer said in an earnings call on Oct. 30 that it may bring its two idled dry mill ethanol mills in Iowa and Nebraska back online during the first half of next year. The two facilities, which together can produce 575 million gallons per year, were temporarily mothballed […]
In the Netherlands, Ship and Bunker reports that the Port of Rotterdam stopped publishing biofuel sales data due to concerns about accuracy in reporting. It used to publish the data quarterly by the Q1 2020 figure showed biofuel sales accounting for 11% of overall fuel oil sales for the period, which is likely much higher […]
