In Denmark, Novozymes announced organic sales growth for 2019 to date of -2% (Q3: +1%). In its segements, results were: Household Care 0% (Q3: +5%, Food & Beverages -1% (Q3: +1%), Bioenergy -4% (Q3: -5%), Agriculture & Feed -3% (Q3: +3%), Technical & Pharma -3% (Q3: -14%). EBIT margin at 27.6% and net profit down […]
In Denmark, Novozymes said that long-time President & CEO Peder Holk Nielsen will leave his position in early 2020, and a successor will be announced shortly. No more details have been made available. Nielsen will leave at a time of turmoil in two key Novozymes US markets, agriculture and ethanol. More on the story.
In Denmark, a study by A.P. Moller – Maersk and Lloyds Register confirms that the best opportunities for decarbonizing shipping lie in finding new sustainable energy sources. Based on market projections, the best positioned fuels for research and development into net zero fuels for shipping are alcohol, biomethane, and ammonia. “The main challenge is not […]
In Brazil, Reuters reports that local newspaper Valor Economico says Petrobras’ fuel distribution arm BR Distribuidora is looking to widen its product offering to clients by exploring the creation of trading desks for electricity, natural gas and ethanol. The distribution arm saw 30% of its shareholding sold in a share offering three months ago, raising […]
In Washington, Growth Energy, the U.S. Grains Council, and the Renewable Fuels Association expressed their disappointment with the news that the Brazilian government amended the recent August 31st rule that raised the quota on U.S. ethanol imports under the tariff rate quote (TRQ) from 600 million liters per year to nearly 750 million liters per […]
In the UK, SIMEC, part of Sanjeev Gupta’s GFG Alliance, has accelerated plans for the deployment of its biodiesel generators through the acquisition of Fleetsolve, an award-winning company with 17 years of experience developing, operating and maintaining biofueled combined heat and power (CHP) generation equipment. In a deal agreed this week, SIMEC is taking full […]
In Nebraska, DTN reports that crush margins for ethanol plants have improved significantly since August 1 on the back of producers cutting back their own production to help support the market as a whole. Prices have risen in response, leaving debt-free plants able to start moving into profit although those still carrying a debt-load remain […]
In Belgium, RetailDetail reports that Ecover has teamed up with InBev, creating detergents from the alcohol removed from InBev’s alcohol-free beers. Both the water and ethanol in Ecover’s “Too Good to Waste” detergent line come from InBev’s beer making process, making up at least a quarter of the overall content. Ecover sees waste as a […]
In Michigan, a Bloomfield, Michigan, biodiesel fuel dealer pleaded guilty to filing a false income tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Matthew Schneider of the Eastern District of Michigan. According to plea documents, Chandra Yarlagadda, 54, owned and operated Alpha Bioenergy […]
In Washington, the Renewable Fuels Association says newly available court documents assert that the U.S. Environmental Protection Agency inappropriately granted Renewable Fuel Standard (RFS) compliance exemptions to certain small refineries that did not even qualify for the waivers, and that there was division within the Trump administration about its new approach to small refinery hardship […]
