In India, the Indian Express newspaper reports 67 cooperative sugar mills in Maharashtra have failed to secure funding for ethanol production expansion despite the projects being greenlighted. The banks were blamed for the roadblocks keeping the mills from moving forward with their investment plans who in turn blamed the mills’ weak balance sheets. Although some […]
In Nebraska, DTN reports the crush margins on its hypothetical ethanol plant took a hit recently due to rising corn futures that were 54 cents per bushel higher than when last calculated in August at $3.79. The jump in corn prices pushed the crush margin into negative territory to a 7.6 cent per gallon loss […]
In France, Messer and Vertex Bioenergy have renewed and intensified their partnership. As part of this agreement, Messer build and operate a second CO₂ recovery unit on the site of Vertex Bioenergy Lacq in the southwest of France near the Spanish border. For its part, Vertex Bioenergy, through its company Bioenergy du Sud-Ouest, SA will supply […]
In California, Brightmark LLC and Chevron U.S.A. Inc. announced the formation of a joint venture, Brightmark RNG Holdings LLC, to own projects across the United States to produce and market dairy biomethane, a renewable natural gas (RNG). Equity investments by each company in the new venture will fund construction of infrastructure and commercial operation of […]
In Germany, Watson Farley & Williams advised the Tradebe Group on the acquisition of Tanklager Wilhelmsburg GmbH from BDH Biodiesel Hamburg GmbH, a subsidiary of the Dr Oetker Group. ING Corporate Finance acted as financial adviser to Tradebe. TWG currently consists of 22 tanks with a total storage capacity of circa 74,000 cubic meters located […]
In Brazil, ICIS reports Braskem sold a record 17,000 metric tons of its Green PE, polyethylene produced from ethylene derived from sugarcane ethanol, in September. That figure is compared to 188,000 tons of fossil-based PE sold. Both figures refer to sales in the domestic market. The company says it is back up at full production […]
In Washington, the Renewable Fuels Association elected Jeanne McCaherty, CEO of Guardian Energy Management LLC, as its new chairperson. McCaherty becomes the first female chairperson in the RFA’s history, and first among any national ethanol trade association. The election occurred at RFA’s annual membership meeting, held virtually this year due to the COVID-19 pandemic. As […]
In California, although Marathon Energy is still evaluating the potential refit of its Martinez oil refinery to produce renewable diesel, Hydrocarbon Engineering reports Marathon Energy the company has applied for permits in hopes of moving the process forward. The company aims to commission production in 2022 and reach full capacity in 2023, if it takes […]
In Gabon, the Energy Mix Report says local press reports Olam Palm has received all required authorizations in order to produce biodiesel. The public-private JV company operates two palm oil mills and a palm kernel crushing plant as well as 202,000ha of palm plantations in the country. Details of the proposed project were not reported. […]
In Brazil, Platts reports Ministry of Agriculture and Livestock data shows anhydrous ethanol inventories in the central-south region have hit the lowest level in five years as of September 15 at 3.17 billion liters, 0.3% lower than last year. The sugarcane crush in the north-northeast started in mid-August, accounting for a surge in stocks in […]
