In India, Reuters reports that crude palm oil prices in Europe could rise to average $610 per ton in the first half of 2020 thanks to rising demand and slowing production growth. Industry analyst Thomas Mielke told Reuters that the “Price rise is expected due to a slow down in global production growth, rise in […]
In Washington, D.C., according to EIA data analyzed by the Renewable Fuels Association for the week ending Sept. 20, ethanol production swung sharply lower, dropping 61,000 b/d or 6.1% (the second-largest weekly downturn since statistics have been reported) to 943,000 barrels per day (b/d)—equivalent to 39.61 million gallons daily. This represents the smallest production rate […]
In Minnesota, the Minnesota Department of Transportation released Pathways to Decarbonizing Transportation in Minnesota, a new report that aims to get Minnesota on track to meet future goals for reducing greenhouse gas emissions in accordance with the 2007 Next Generation Energy Act. Bolstering biofuels is part of the report, as is electric vehicles and other […]
In Germany, UFOP reports that the small EU rapeseed crop and firm forward prices drove up producer prices for rapeseed considerably. Also, feedstock demand from oil mills picked up over the past weeks. At the beginning of the 2019/20 marketing year, farm rapeseed prices climbed sharply. The rise was due to the small rapeseed harvest […]
In Canada, Expander Energy Inc. announced it has entered into a letter of intent (LOI) with Vanderwell Contractors (1971) Ltd., an Alberta family-owned company, to build Canada’s first commercial demonstration biomass/gas to liquids facility (BGTLTM project) in the Slave Lake, Alta., area. The plant will produce clean burning synthetic biodiesel (trade named SynDiesel and SynJet) […]
In Brazil, Cosan announced the preliminary results of its tender offer to purchase its Class A common shares, or the shares, at (i) prices specified by the tendering shareholders of not greater than $15.50 nor less than $13.05 per share or (ii) at the purchase price determined in accordance with the tender offer. The tender […]
In Malaysia, Reuters reports that the head of LMC sees Malaysian biodiesel production reaching 1.3 million metric tons this year while he expects Indonesia to produce 7 million tons. With palm oil stocks seen falling by Q2 as two years of low inputs begins to take its toll on palm oil yields, he expects European […]
In Washington, the US and Japan have come to an agreement on a limited trade agreement that will see staggered tariff elimination on US ethanol exports to Japan, among a host of other products. The rate of which the staggering will take place was not outlined in the announcement. Out of the $14.1 billion in […]
In Nebraska, DTN reports that according to their hypothetical 50 million gallon ethanol plant in South Dakota has seen margins improve slightly recently to a 34 cent per gallon loss compared to 43.9 cents per gallon estimated on August 1, taking into consideration debt service. Without having to pay debt, like many of the country’s […]
In Brazil, Renewables Now reports that UNICA data shows sugar mills produced 1.69 billion liters of hydrous ethanol during the first half of September in addition to 683.79 million liters of anhydrous ethanol. Of the total, just 54.69 million liters were exported while the remainder was destined for the domestic market. Even so, hydrous ethanol […]
