In Luxembourg, the European Investment Bank (EIB), the EU bank, announced the launch of a new financing initiative that aims to unlock close to €1.6 billion of investment in the agriculture and bioeconomy sector. The financing aims to support private companies operating throughout the value chains of production and processing of food, bio-based materials and […]
In the Netherlands, within the Green Maritime Methanol project a new milestone has been achieved, the successful start of the engine test program on 100% methanol. New tests are being planned and two important new partners have joined the consortium recently. In January 2020 Pon Power started its engine testing program with a Caterpillar 3508 […]
In Washington, the United States Department of Agriculture (USDA) is soliciting comments and suggestions on objectives and opportunities leading to research goals and informed product goals to facilitate transformative breakthroughs to enable U.S. agriculture to meet the Department’s goal of increasing agricultural production by 40 percent to meet the needs of the global population in […]
In Canada, Advanced Biofuels Canada (ABFC) conducts an annual member survey to capture project-based data on capital investments in advanced biofuels and synthetic fuel production capacity and supporting infrastructure for the decade ahead (2020-2030). Results from 18-member companies surveyed in late 2019 indicate Canada can increase production capacity by at least 5 billion liters per […]
In India, the Business Standard reports that sugar mills’ fears of reduced demand for ethanol due to COVID-19 are already coming true as oil marketing companies fail to receive ethanol supplies as expected. With fuel demand low, OMC depots don’t have the storage to keep taking on more ethanol supplies but the Indian Sugar Mills […]
In the Philippines, Platts reports that while ethanol prices in many other origins around the world are collapsing, ethanol prices in the Philippines rose more than 8% on the year during the first half of March to $1,280/cu m which was nearly 4% higher than during the last half of February. Domestic ethanol is typically […]
In Canada, Real Agriculture reports that no ethanol plants in Ontario have shut down production on the back of reduced fuel demand driven by COVID-19 but ethanol production has pulled back sufficiently to weigh on corn prices. Farmers in Ontario are a month away from planting, so the sudden drop in demand poses an existential […]
In Nebraska, KAAPA Ethanol says that although it has a strong balance sheet that will allow it to weather thin margins, it has taken the decision to shut the Ravenna facility until further notice while production will continue at Minden as long as margins allow. Its elevator at Elk Creek will also continue to operate […]
In Illinois, Reuters reports that USDA data shows corn farmers plan to plant the most corn in eight years at nearly 97 million acres despite corn prices collapsing on the back of falling ethanol demand in light of crumbling oil prices and the stay-in-place order resulting from the spread of COVID-19. The results were from […]
In Colorado, Gevo announced that due to the impact the COVID-19 virus has had on the economy and Gevo’s industry, Gevo has suspended production operations at its production facility in Luverne, Minnesota for the foreseeable future. In connection with the suspension of operations and the overall economic disruption caused by COVID-19, Gevo also made the […]
