In Washington state, Phillips 66 and Renewable Energy Group, Inc are discontinuing their joint effort to construct a large-scale renewable diesel plant in Ferndale, Washington, the companies announced. The project has been canceled due to permitting delays and uncertainties. Originally announced in fall 2018, this 250 million gallon per year project would have resulted in […]
In India, the Business Standard newspaper reports that oil marketing companies have launched their second ethanol tender of the season, seeking another 2.53 billion liters to be used in blending with gasoline between February and November because the results of the tender held in September only saw 1.56 billion liters contracted against the 5.11 billion […]
In Louisiana, the Advocate newspaper reports that Greentech Materials is looking to build a $400-$500 million renewable diesel facility at the Port of Baton Rouge that would use soybean oil and palm oil as feedstock. Last Thursday at a port executive meeting, a 90-day period was granted for the company to reach an agreement on […]
In Texas, Platts reports that the Bo-Ho factor, the differential between heating oil futures and soybean oil feedstock for biodiesel that indicates the viability of discretionary biodiesel blending, reached a two-year high last Friday at to 59.87 cents/gal on the back of stronger soybean oil prices. Even with the reinstatement of the $1/gal biodiesel blending […]
In Malaysia, Reuters reports that a poll of 18 analysts shows palm oil prices could increase more than 17% this year to more than $650 per metric ton partly as a result of increased biodiesel blending mandates in Malaysia and Indonesia, the two largest producers globally. Production is also expected to fall during the first […]
In Cyprus, local press reports that the government is coming under fire for boosting the amount of biofuel blended with fuels in order to comply with the European Union’s Renewable Energy Directive that calls for 10% renewable energy in transportation by 2020. Last Friday that blend was increased to 7.3% from the previous 5% which […]
In Switzerland, a global coalition focused on business aviation sustainability welcomed two new carbon-reduction initiatives for Davos-bound flights at this year’s World Economic Forum (WEF), starting Jan. 21,2020, in Davos, Switzerland. The Business Aviation Coalition for Sustainable Aviation Fuel (SAF Coalition), in conjunction with the World Economic Forum and Zurich Airport, has secured agreements to […]
In Argentina, the Nación newspaper reports that biodiesel producers are at an impasse with the government following the freeze on biodiesel prices but continued increases for soy oil, making biodiesel production inviable. As a result, they are not supplying biodiesel to oil companies for blending and the fuel sold at the pump does not include […]
In Washington, DTN reports that Energy Information Administration data shows that ethanol production in the week to January 10 has inched back towards the all-time high reached two years ago at 1.095 million bpd, up 3% from the week prior. Stocks also rose to a 15-week high of 23.006 million barrels, up more than half […]
In Tennessee, Harvestone Group announced another ethanol production facility making the transition to its marketing, logistics and trading platform. CORN LP, a 75-million-gallon ethanol plant in Goldfield, IA transitioned onto the Harvestone platform as of January 1. The Group also transitioned DENCO II, a 36-million-gallon ethanol plant located in Morris, MN in July of 2019. […]
