In Finland, Neste published their Interim Report for January through March 2019 which showed their renewable products delivered “outstanding results,” according to their press release. The renewable diesel market continued to be favorable, and their margin optimization yielded good results. Renewable Products posted a comparable operating profit of EUR 337 million (EUR 296 million). Renewable […]
In Denmark, A.P. Moller-Maersk Mette’s Captain released video of their historic voyage running on biofuel. The Mette vessel reached Hong Kong, the half way point in their trial. So far it has traveled almost 12,000 nautical miles on the biofuel. It left the Port of Rotterdam on April 5th and is running on a cooking […]
It’s in the Wall Street Journal. It’s in the Financial Times. It’s in Yahoo Finance. And of course, it’s in The Digest. It’s the Archer Daniels Midland Company breaking news of breaking off their ethanol unit…and a tumbling 40% decline in profit. In Chicago, Archer Daniels Midland Company reported their financial results for the quarter […]
In Denmark, DFDS is investing in the start-up company MASH Energy ApS that produces biofuel from agricultural waste, currently from the by-products of nut processing in Tanzania and India. The biofuel is CO2 neutral and can be used in ships. In addition, the residual product is an effective fertiliser and will also contribute to reduce […]
In Illinois, Bloomberg reports that the Andersons expects consolidation through the ethanol sector to continue in the face of the lowest crush margins seen in a decade. Analysts say crush margins are currently just above breakeven at around 15 cents per gallon at the moment compared to 25 cents at the same point last year. […]
In Canada, Marie-Claude Bibeau, Minister of Agriculture and Agri-Food and Karina Gould, Minister of Democratic Institutions were at Ecosynthetix in Burlington to announce a federal investment of up to C$11.2 million to the Bioproducts Cluster under the Canadian Agricultural Partnership. The cluster, led by Bioindustrial Innovation Canada, will include an additional C$10.9 million in contributions […]
In Belgium, the European agriculture commissioner said during the opening of the Our Forests, Our Future conference that forests are key to developing Europe’s bioeconomy that is expected to generate one million new jobs by 2030. The future Horizon Europe program will further enhance funding opportunities in research and innovation for forests and the forest-based […]
In Texas, Bloomberg reports that Valero’s Q1 Renewable Fuel Standard compliance costs fell by more than half to just $91 million compared to $206 million last year, thanks to lower RIN costs. The lower RIN costs more than compensated for losses in the company’s ethanol sector that saw operating profit fall to just $3 million […]
In Washington, Renewables Now reports that Energy Information Administration data shows ethanol exports jumped 28% in 2018 at 112,000 barrels per day, reaching a new record following the one set in 2017 with 91,000 b/d. Brazil received nearly half of its 2018 imports during the first quarter of the year, the traditional inter-harvest period between […]
In Nebraska, a tiny invader’s gooey march through U.S. sorghum fields continues to devastate crop yields, forcing some farmers out of the sorghum business despite the crop’s increasing importance. A University of Nebraska–Lincoln entomologist is investigating ways to help sorghum naturally resist sugarcane aphids, the crop’s most damaging pest in the United States. Louis earned a […]
