In India, the Business Standard newspaper reports that ethanol production in Uttar Pradesh has reached 1.4 billion liters of installed capacity with 25 sugar mills now able to produce ethanol from heavy-B molasses as well as heavy-C molasses. By 2021/22, the government expects a total of 60 mills to have heavy-B molasses ethanol production capacity […]
In the UK, while US ethanol prices fall to record lows, in Europe industrial ethanol prices are skyrocketing as demand surges for hand sanitizers and other disinfectants to tackle the spread of COVID-19. Anyone capable of producing alcohol, from gin distillers to biofuel producers, are switching to industrial alcohol production to fill the significant supply […]
In Malaysia, Bloomberg reports that Malaysian palm oil prices have hit a five-month low as the country fails to find another buyer to absorb the demand gap left by India following a political spat over India’s treatment of Kashmir. With petroleum prices falling to an 18-year low on Wednesday, palm oil’s use as a biofuel […]
In Iowa, many of the often-touted benefits of biodiesel – from cleaner air and reduced carbon emissions to high-paying jobs in rural communities – benefit the next generation beyond all others. In recognition of the important role students and young professionals will play in the future of the biodiesel industry, the Iowa Renewable Fuels Association […]
In Brazil, Reuters reports that for the second time in two weeks, Petrobras has cut gasoline prices in line with falling oil prices globally. The cut announced Wednesday is 12% while last week saw a first cut of 9.5%. Brazilian sugar mills have been benefiting from record high prices for ethanol thanks to high gasoline […]
In Iran, the Financial Tribune reports that the country has lifted a ban on ethanol imports as it attempts to secure ethanol for disinfectants. The country is one of the worst hit by the COVID-19 pandemic and is desperate to bring the disease’s spread to a halt. Orders for the Central Bank to release foreign […]
In Malaysia, Platts reports that the government says the palm oil industry can continue to operate despite a partial lockdown national due to the national importance of palm oil for cooking and biodiesel. At first, only refineries, biodiesel producers and cooking oil producers were thought to be exempt, which would have prompted plantations to stop […]
In Iowa, Successful Farming reports that IHS Markit Watch says ethanol prices have fallen to a new all-time low of just 70 cents per gallon, a drop of 21 cents in a single day. Ethanol was trading at a 33 cent premium to gasoline rather than a discount at the time of publishing Wednesday. Analysts […]
In the Philippines, Platts reports that despite logistics challenges delaying ethanol deliveries to the country from the US, falling ethanol prices at origin are pushing down prices at destination to $407/cu m CIF Philippines, down $7/cu m in a single day to record lows. But even with record low prices, the Philippines is on lockdown […]
In Utah, a federal jury in Salt Lake City, Utah, convicted California businessman Lev Aslan Dermen, also known as Levon Termendzhyan, of criminal charges relating to a $1 billion renewable fuel tax credit fraud scheme. According to evidence presented at a seven-week trial, Dermen was the owner and operator of Noil Energy Group, a California-based […]
