In California, Amyris, Inc.’s financial results for its first quarter ended March 31, 2020 show strong gross margin and earnings growth from improved sales mix and lower costs, as well as a significantly improved balance sheet from reduced debt. Q1 Financial Highlights include performance in line with expectations with Sales Revenue of $29 million up […]
In Finland, Stora Enso and Cordenka signed a joint development agreement to develop precursors for bio-based carbon fiber. The co-development is driven by the need for high performance carbon fiber in transportation, construction and power generation. Stora Enso has been developing the technology for manufacturing carbon fiber from wood-based raw materials, i.e. dissolving pulp and […]
In Washington, D.C., ethanol production strengthened 11.4%, or 61,000 barrels per day (b/d), to 598,000 b/d—equivalent to 25.12 million gallons daily and a four-week high, according to EIA data analyzed by the Renewable Fuels Association for the week ending May 1. However, production remains tempered due to COVID-19 disruptions, coming in 42.3% below the same […]
In Belgium, Biotalys NV, a food and crop protection company, shared results from more than 100 field trials with its first biofungicide, BioFun-1, which is on track to launch in the United States in 2022, followed by global market introductions, and can help farmers prevent crop loss and extend post-harvest protection. The 2019 field trial […]
In Indonesia, Reuters reports the economic affairs ministry is looking at how it can continue to support its biodiesel industry in the face of reduced fuel demand from COVID-19 impacts. With B30 already in place and plans for B40 before the end of 2022, low oil prices have weighed heavily on the country’s capacity to […]
In the Netherlands, Neste acquired 100% of the Dutch Count Companies BV’s Count Terminal Rotterdam BV and its supporting entities, part of the First Dutch Group of Peter Goedvolk. The transaction was signed and closed on 7 May 2020. Count Terminal Rotterdam stores, refines and blends renewable waste and residue-based raw materials in the Rotterdam […]
In Pennsylvania, Reuters reports that CVR Energy is looking to convert some of its refining capacity to renewable diesel production. The company has claimed that its RIN exposure has negatively impacted its bottom line, so by producing renewable diesel it would reduce that exposure that was $19 million in Q1 2020, $6 million higher than […]
In Iowa, CNBC reports that POET has shifted ethanol production at two of its plants to hand sanitizer. It has closed three others and is running at 50% production capacity at several others which has forced it to lay off about 10% of its staff. The hand sanitizer conversion is an attempt to test the […]
In Washington, DTN reports that the US Department of Commerce has decided to keep the door shut on Argentine biodiesel imports. In November 2018, Commerce took another look at the issue of Argentine biodiesel imports after the industry there said circumstances had changed following shifts in export taxes, a review which should have taken 270 […]
In Brazil, Reuters reports Lucas E3 has teamed with Maracaja Bioenergia to build a corn-based ethanol plant in Matupa, Mato Grosso despite the ethanol market having crashed there due to COVID-19. The companies are convinced demand will rebound once the lockdown has lifted. Production should begin in 1.5 years by which time they expect the […]
