In Texas, Reuters reports that ethanol producers in Texas and Kansas are benefiting from the import deposits of 178.6 percent China slapped on sorghum—the crop’s main export marketing—sending prices tumbling into a deep discount. Conestoga Energy Partners bought up nearly 10 million bushels of sorghum destined for export at a 10% discount to corn. ADM […]
In Malaysia, the Edge Markets reports that key analyst Dorab Mistry believes risk from the country’s upcoming elections this year are already built into the price and with current supply and demand estimates, he expects a range of $612.56-$689.13 per metric ton for most of the rest of the year. Current prices are just slightly […]
In the UK, researchers in the Schools of Biochemistry and Chemistry at the University of Bristol are working to boost cellular productivity of biofuels at a fundamentally scientific level in order to create innovative, sustainable solutions. Collaborating with scientists from the University of Kent and Queen Mary London, the research team has developed a new […]
In Canada, Canada’s two largest biofuels stakeholders – Renewable Industries Canada (RICanada) and Advanced Biofuels Canada (ABFC), together representing almost 50 member companies –released the results of a new study on the economic impact of Canada’s upcoming Clean Fuel Standard (CFS). The study demonstrates that biofuels could be responsible for as much as 21.3 megatons […]
Origin is a new kind of chemical company, focused on the future of materials science. By finding value in underutilized feedstocks like cardboard, wood waste and agricultural residues, they invent new and better materials for humanity. Origin’s Kim Raiford gave this illuminating overview of the company’s promise and progress at ABLC 2018 in Washington DC.
In Ohio, Marathon Petroleum agreed to acquire Andeavor (formerly Tesoro) for $23.3 billion, based on MPC’s April 27, 2018, closing price of $81.43. ANDV shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15 percent of ANDV’s fully diluted […]
In Finland, oil refiner and biofuel producer, Neste, posted its highest ever quarterly result, helped by a U.S. tax break and profitable biofuel production, according to Reuters. Shares jumped more than 12% after the first-quarter report showed operating profit of 401 million Euros ($488 million), almost double from one year ago. Analysts forecasted 370 million […]
In Washington, D.C., ethanol has played a key role in the success of California’s Low Carbon Fuel Standard and is poised to make even greater contributions to the state’s climate policy objectives if certain regulatory actions are taken to allow greater market access, the Renewable Fuels Association (RFA) said in comments submitted this week to […]
In Denmark, Novozymes posted first-quarter earnings slightly above forecasts but sales through its BioAg alliance with U.S. seeds company Monsanto Co were hit by Indian tariffs, according to Reuters. Novozymes posted operating profit (EBIT) of 1.016 billion Danish crowns ($166.43 million), in line with the same quarter last year, but slightly above the 990 million […]
In the United Kingdom, the supermarket chain Iceland decided to ban palm oil from its own products by the end of 2018 which has led to recent criticism from palm oil producers and the Malaysian Palm Oil Council who say it produces wealth for small farmers and requires less land for cultivation than other oils. […]
