In Germany, BASF and Red Avenue New Materials Group signed a joint agreement that grants Red Avenue New Materials Group the license to produce and sell certified compostable aliphatic-aromatic co-polyester (PBAT). Red Avenue New Materials Group will build a 60,000 metric tons PBAT plant in Shanghai, using BASF`s process technology in exchange for the access […]
In Finland, Neste deepens its partnership with one of Sweden’s largest fuel companies, OKQ8 and said Neste MY Renewable Diesel, produced from renewable and sustainable raw materials, will become available at 130 OKQ8 network stations by the end of 2020, also for private customers. The total Neste MY Renewable Diesel sales points in Sweden will […]
In Indonesia, the U.S. Grains Council reports that U.S. ethanol can now enter the Indonesian market by way of pre-blended fuel, following the recent removal of a ban on pre-blended product entering the country. This change creates a potential market of more than 200 million gallons (71 million bushels in corn equivalent). The market development […]
In Australia, Licella Holdings signed a Memorandum of Understanding to work with Indian based company Unnmukt Urja Private Limited, to explore the opportunity for utilising Licella’s innovative Cat-HTR (‘Catalytic Hydrothermal Reactor’) technology as a more sustainable and higher value solution for rice straw residues in India. India generates approximately 683 million tons of dry agricultural […]
In Canada, Nextfor launched a series of High Performance Lignin Collaboration Forums to gather value chain feedback on the state of lignin product development in Canada and Ontario. Industry leaders worked together in these sessions to identify three opportunity maps for commercialization: • Polymers & Fine Chemicals • Resins & Adhesives • Thermoplastics & Composites […]
In Texas, the San Antonio Business Journal reports that the Supreme Court has refused to hear Valero’s spat with the Environmental Protection Agency where the oil company argues that blenders should have to bear some of the cost of blending biofuel under the Renewable Fuels Standard. Typically, the Supreme Court gives a reason for rejecting […]
In Washington, DTN reports that Energy Information Administration data shows that although ethanol production is ramping up after it shut down more than 50% of capacity due to the COVID-19 pandemic, stocks are still shrinking. Last week, stocks reached the lowest level in 19 weeks at 23.2 million barrels, falling 400,000 barrels from the week […]
In New York, Platts reports D4 prices rose to their highest level since December at 56 cents/RIN on the back of expected higher blending mandates from the Environmental Protection Agency. Between higher blending expected for 2021 and fewer waivers that will likely be granted under the small refinery exemption program following significant scrutiny, prices have […]
In Texas, ICIS reports that increased driving demand has lifted spot prices for ethanol as shelter in place orders are lifted, but the market had hoped for a faster recovery. There is also concern that China will not buy as much US-origin ethanol as expected as part of the phase 1 trade deal easing the […]
In Brazil, Platts reports that on the back of 28% higher gasoline prices in May, hydrous ethanol prices have been steadily increasing since May 13, already rising by almost 19% in a month. Between January 14 and April 29, Petrobras cut gasoline prices a whopping 12 times which hit the competitiveness of ethanol prices just […]
