In Illinois, Reuters reports that oil refiners suffering from petroleum prices that appear to have no floor are looking to clean up their balance sheets quickly, and to do so are selling off RINs to raise cash. With oil demand expected to fall 15% to 20% globally over the next few months, the need to […]
In Germany, UFOP reports that the spread of the coronavirus sent global prices of crude oil and vegetable oil on a downward spiral. Rapeseed oil most recently cost EUR 690 per tonne. This translates to a more than 18 per cent decline within one month. Soybean oil stood at EUR 605 per tonne, down just […]
In Washington, D.C., ethanol production scaled back by 2.9%, or 30,000 barrels per day (b/d), to 1.005 million b/d—equivalent to 42.21 million gallons daily and the lowest volume since October, according to EIA data analyzed by the Renewable Fuels Association for the week ending Mar. 20. The four-week average ethanol production rate declined 1.1% to […]
In Germany, Covestro has agreed a loan with the European Investment Bank for about $249 million (EUR 225 million). The loan will provide medium term funding to strengthen the research and development work of Covestro in the areas of sustainability and circular economy within the European Union. Discussions with EIB started already in 2019 to […]
In Iowa, two Iowa Renewable Fuels Association members sent the first donated shipment of Iowa ethanol and glycerin to the state of Iowa to be used by Iowa Prison Industries for the production of hand sanitizer during the national shortage. As reported in The Digest last week, several ethanol producers around the country are doing […]
In Sweden, during the coming weeks Stena Bulk will perform a test running an MR tanker on 100% biofuel. The fuel is the MR1-100 bio-fuel oil, produced from used cooking oil and supplied by GoodFuels in Rotterdam, the Netherlands. It has been bunkered onto the Stena Immortal and will be used to power the main […]
In Washington, D.C., Reuters reports that U.S. refiners are selling their renewable fuel credits over the last week in an attempt to raise cash as their valuations tank during the oil price crash, and the coronavirus pandemic isn’t helping with the strain. “Refiners are under strain as the coronavirus pandemic has sapped global demand for […]
In the UK, industry leaders are urging Government to keep UK wood fuel supply chains fully open to ensure suppliers can continue delivering to home heating customers and key frontline organizations and businesses already under immense pressure due to the Coronavirus outbreak. With hundreds of hospitals, health and social care facilities, supermarkets and many large-scale […]
In Sweden, Wärtsilä has initiated combustion trials using ammonia. The research will help the company to prepare for the use of ammonia as a fuel that can contribute to reducing both the shipping’s and energy sectors’ greenhouse gas emissions. As part of the tests, ammonia was injected into a combustion research unit to better understand […]
In the UK, a new guide from the Low Carbon Vehicle Partnership (LowCVP) for fleet operators shows how renewable fuels can immediately cut greenhouse gas emissions in road transport, particularly from commercial vehicles for which few low emission solutions are currently available. The Renewable Fuels Guide, produced by the LowCVP and Cenex, and supported by […]
