In Indonesia, Antara News Agency reports the country saves $4.54 billion in foreign exchange as a result of its B30 blending mandate in 2021. This year, 9.21 billion liters of B30 were distributed by oil marketing companies while in 2022 that figure is expected to reach 10.15 billion liters, leading to further foreign exchange savings. […]
In Germany, Clariant has signed definitive agreements to acquire BASF’s U.S. Attapulgite business assets for $60 million in cash, including the signing of a long-term supply agreement for attapulgite-based products to BASF. The acquisition is subject to customary closing conditions and is expected to close in summer 2022. BASF’s Attapulgite business is one of the […]
In Texas, VP Racing Fuels announced that advanced bio-renewable components are available for adaptation with the company’s current race fuel portfolio. VP is currently developing and testing race fuels with advanced renewable components to meet upcoming renewable fuel requirements of multiple race series, including Formula 1 and IMSA. The company features more than 70 proprietary […]
In the Netherlands, Ship and Bunker reports GoodFuels tripled its marine biofuels sales in 2021 without citing exact figures. The Port of Rotterdam’s data for Q3 helps to shed light on volumes, with nearly 50,000 metric tons of biofuel blended marine fuel bunkered, although the blending level wasn’t reported. With IMO requirements for low sulfur […]
In Indonesia, Reuters reports the head of the Estate Crop Fund expects palm oil production to reach 51.01 million metric tons in 2022, 2.6% higher than in 2021. He sees exports rising as well to 27.9 million tons versus 27.08 million tons this year while domestic consumption is seen rising to 11.4 million tons from […]
In Brazil, Pro Farmer reports UNICA expects ethanol production to fall during the next 2022/23 season at 27.7 billion liters, more than 8% lower than the crush ending this month. It expects more sugarcane to be diverted to ethanol in the crush starting in April at 55.13% compared to this year. With frosts and drought […]
In Iowa, KCHA News reports the Iowa Utilities Board has scheduled public hearings, and in some cases rescheduled meetings due to poor weather, about Navigator CO2 Venture’s proposed Heartland Greenway System CO2 pipeline that would run through 36 of the state’s counties. Both Navigator and Summit Carbon Solutions are targeting Floyd County, whose hearing has […]
In Texas, Howard Energy Partners has closed on a series of strategic financing transaction, including its inaugural senior unsecured notes offering and an extension of its $1 billion revolving credit facility. The company priced $400 million of 6.75% senior unsecured notes due 2027 at par. Pro forma for the transactions, the company has over $600 […]
In Peru, Politica reports Petroperú issued a statement declaring the biodiesel contract with Heaven Petroleum Operators void. The document reads that, before journalistic versions about the process of acquiring biodiesel B100 in the local market from the company Heaven Petroleum Operators (HPO) , the administration of Petroperú decided to declare the nullity of the contracts […]
In Uruguay, El Observador reports ANCAP has decided to slash biodiesel blending to 2.5% from 5% from January 1 because the government has changed the law regulating taxes that will make biodiesel blending more expensive. As a result, it may cut ALUR’s biodiesel production volumes if it can’t find other markets. The company has started […]
