In China, Yicai reports shares of Zhuoyue New Energy dropped 2.4% in Shanghai, marking a 40% decline this year, despite the company’s announcement of new biofuel investments in Singapore and Saudi Arabia. This move aims to mitigate the impact of the European Union’s new anti-dumping duties. Zhuoyue, a leading Chinese biodiesel producer, faces a 25.4% […]
In Washington, NATSO, representing America’s travel centers and truck stops, SIGMA: America’s Leading Fuel Marketers, and the National Association of Convenience Stores (NACS), commended a bipartisan group of lawmakers for introducing the “Biodiesel Tax Credit Extension Act of 2024,” which would extend the biodiesel blender’s tax credit. The legislation is sponsored by Representatives Mike Carey […]
In the UK, Oils & Fats International reported that Brazil’s privately owned Grupo Potencial will be investing $37 million in building two biofuel pipelines in the south of the country. Scheduled for construction next year and subject to regulatory approval, the 55km pipelines would be the longest of their type in the South American country, […]
In Belgium, while biodiesel from China continues to flood into the European markets, policy makers in the European Commission deliberate their response. The European Biodiesel Board (EBB), which brought a trade case before the institutions, remains confident anti-dumping measures will be announced soon. However, the devastating effects of the situation are clearly shown throughout Europe. […]
In Belgium, the European Public Prosecutor’s Office (EPPO) in Brussels (Belgium) has arrested two suspects in connection with an investigation into a customs fraud involving biodiesel imports, with an estimated damage of €3.1 million. The two suspects, who have dual citizenship (Bosnia and the USA), were arrested last month, during the course of a trial […]
In Indonesia, Indonesia Business Post reported that the Governor of East Kalimantan, Akmal Malik, encouraged Chinese companies to invest in building a biodiesel plant in East Kalimantan, Indonesia, emphasizing the region’s significant palm oil production potential. The offer was conveyed during a recent visit to China. During the visit, Akmal explored investment opportunities with various […]
In Belgium, Reuters reported that France and Germany have called on the European Union to adopt stricter checks on overseas suppliers of biofuel as the EU investigates allegations of fraud in imports from Asia. The report noted that the European biodiesel industry has complained of a surge in imports from China which it believes involve […]
In Indonesia, CNBC Indonesia reports PT Pertamina Trans Kontinental (PTK) signed a contract for ship rental services and Ship to Ship (STS) management in distributing biofuel to 22 Association companies Indonesian Biofuel Producer (APROBI). Furthermore, this collaboration also includes increasing infrastructure capacity and biodiesel storage facilities at major ports. This is important to ensure that […]
In the Philippines, following the recommendations by the National Biofuels Board (NBB), the Department of Energy has released guidelines for adopting a higher biofuels blend. This move aims to decrease dependence on imported fuels, reduce greenhouse gas emissions, and bolster the local biodiesel and bioethanol sectors. Under the new guidelines outlined in Department Circular No. […]
In Sweden, by studying how bubbles form in a drop of biodiesel, researchers at the University of Gothenburg can help future engines get the most energy out of the fuel. In an internal combustion engine, the fuel is distributed in small droplets in injection valves to maximize combustion. In the engine, the fuel droplets are […]
