In New York, Reuters reports that both the US and Brazil are expected to cut ethanol production over the next few months as rising feedstock prices for corn and sugar, respectively, make production uneconomical. Supplies for both feedstocks are tight, squeezing margins while high ethanol prices are making gasoline more expensive at the pump rather […]
In the Philippines, the Business Mirror reports that a USDA Gain report says the Philippine government is seeking public comment on potentially doubling its biodiesel blending mandate to 4% from the current 2% by evaluating fuel standards for B3 and B4. The coconut industry has been urging a push to 5% blending for some time […]
In Japan, Mitsui O.S.K. Lines, Ltd. will launch research and development (R&D) on adoption of a large-scale liquefied carbon dioxide (CO2) carrier to complete the basic design under a project entrusted to Japan CCS Co., Ltd. from Japan’s New Energy and Industrial Technology Development Organization (NEDO). MOL entered the liquefied CO2 ocean transport business by […]
In Illinois, ClearFlame Engine Technologies has secured $2.5 million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. The new funding will help ClearFlame deploy pilot Class 8 trucks with its patented technology. The company plans to have demonstration trucks on the road by the end of 2021. […]
In India, the ANI news agency reports that Hindustan Petroleum Corporation Limited will invest nearly $54 million in a new 125,000 liter per day grain-based ethanol facility in Himachal Pradesh. Rice and wheat will be sourced as feedstocks from neighboring areas as well as from Punjab. The state’s chief minister has been pushing New Delhi […]
In South Korea, Business Korea reports that Maersk has signed a letter of intent with Hyundai Mipo Dockyard for three 3,500 TEU methanol fuel-powered container ships with an expected value of more than $44 million each. The Korean Ministry of Oceans and Fisheries recently aligned its regulations of methanol and ethanol powered vessels to be […]
In Illinois, Reuters reports that in response to increased interest in renewable diesel, key traders including Citadel, Gunvor and Trafigura are on a hiring spree to make sure they have enough people on hand to tackle the growing demand for the fuel. The companies already have grown their European desks where advanced biofuels have been […]
In Oregon, Columbia County Spotlight reports that following a leadership change and delays due to COVID-19, the planned NEXT Renewable Fuels facility near Clatskanie is expected to be operational in 2024, rather than in late 2021 or early 2022 as originally expected. The company is now under the leadership of a former board member who […]
In Sweden, the first tests to produce renewable gasoline from sawdust have just been carried out at Preem’s refinery in Lysekil. Work has now started to process 50,000 metric tons of pyrolysis oil at the plant. The renewable raw material will be delivered from the Swedish company Pyrocell. Extensive tests have now begun in Lysekil […]
In New York, Reuters reports that U.S. merchant refiners have amassed up to a $1.6 billion shortfall in credits they need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. Some […]
