In Finland, Neste had a solid start to the year according to their Q1 2020 financials which showed a comparable operating profit of EUR 408 million in the first quarter, compared to EUR 378 million in the corresponding period last year. Renewable Products’ sales volumes were high, and renewables facilities reached a new quarterly production […]
In Illinois, ADM is temporarily idling ethanol production at the company’s corn dry mill facilities in Cedar Rapids, Iowa, and Columbus, Nebraska. ADM is managing ethanol production throughout its U.S. corn processing network to focus on cash flows and to divert corn grind to other products that are in higher demand, such as alcohol for […]
In Washington, D.C., the EIA released its Weekly Petroleum Status Report for the week ending April 17, which continued to reflect the impact on the ethanol industry from the social-distancing and stay-at-home restrictions associated with COVID-19. According to EIA data analyzed by the Renewable Fuels Association, ethanol production declined 1.2%, or 7,000 barrels per day […]
In the Netherlands, Avantium N.V received €0.5 million (about $0.54 USD) for its participation in the CHAPLIN XL project from the Netherlands Enterprise Agency to test a new approach to substantially reduce CO2 emissions from road construction by using lignin as a substitute for fossil-based bitumen in asphalt. Lignin is a main constituent of woody […]
In Brazil, Reuters reports that the national supply agency CONAB says ethanol production during the recently concluded 2019/20 season ended at 35.6 billion liters, 7.5% higher than the previous year. Of the total, sugarcane-based ethanol production is estimated at 34 billion liters, more than 5% higher on the year, while the remainder was produced from […]
In Illinois, Platts expects corn use for ethanol production to fall to 4.85 billion bushels this year, below the USDA WASDE report’s estimate of 5.05 billion bushels. The estimated drop in use is as a result of ethanol plants closing up, buckling under the pressure of low oil prices and COVID-19 related fuel demand destruction. […]
In the UK, Recycling Technologies Ltd, a specialist plastic recycling technology provider and Brightlands Chemelot Campus, an innovation, research and technological growth hub announce today they have signed the first agreement towards the installation of Recycling Technologies’ first European plastic chemical recycling machine, the RT7000, within the Campus in the Netherlands. Recycling Technologies has developed […]
In France, IEA Bioenergy Technology Collaboration Program said that the People’s Republic of China has joined the TCP, bringing the number of contracting parties to 26. Initially CNREC plans to join two IEA Bioenergy tasks: “Energy from Biogas” (Task 37) and “Climate and sustainability effects of bioenergy within the broader bioeconomy” (Task 45). According to […]
In Finland, Stora Enso has successfully issued a new $169 million green bond under its EMTN (Euro Medium Term Note) program and under Stora Enso’s Green Bond Frame work published in May 2018. The bond has two tranches as follows: 1) $99.3 million matures in April 2025 and pays a floating coupon of STIBOR +2.20%. 2) $69.5 […]
In Brazil, Platts reports that hydrous ethanol has traded at a discount to the cost of production in the main Ribeirao Preto of the center-south region. It was the lowest since April 6, less than a week after the new season officially began on April 1. Sugar mills began crushing in early March due to […]
