In Washington, Sens. Chuck Grassley (R-Iowa) and Amy Klobuchar (D-Minn.) introduced legislation to support biofuel producers negatively affected by the pandemic. This legislation will require the U.S. Department of Agriculture (USDA) to reimburse biofuel producers for their feedstock purchases from January 1, 2020 through March 31, 2020 through the Commodity Credit Corporation. As the coronavirus […]
By Jordan Solomon, President, Ecostrat Inc. Special to The Digest The US has over a billion tons of biomass which can be used as a key lever to drive economic recovery. USDA estimates that 3.4 million jobs and nearly $660 billion of economic benefits would be created by using biomass to manufacture alternative fuels, renewable […]
From Canada comes news that NOVA Chemicals and Enerkem entered into a joint development agreement to explore turning non-recyclable and non-compostable municipal waste into ethylene, a basic building block of plastics. NOVA Chemicals has committed to enabling 100 percent of plastics packaging is recyclable or recoverable by 2030; and 100 percent of plastics packaging is […]
Even with everything going on, Amyris reports strong growth prospects driven by consumer megatrends and underpinned by proprietary science in their latest May 2020 investor presentation. With sales growth of 140% between FY 2018 and 2019, and a 56% 2019 gross margin, Amyris continues to grow in key industries like consumer beauty productions, natural flavors and fragrances, […]
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Alot has changed since February, but what exactly in terms of the energy sector and financial impacts from COVID-19? Dive into this detailed assessment by The Brattle Group on COVID-19’s path and macroeconomic projections and outlook for the future, oil and natural gas demand and prices, electric energy markets, renewables demand and investment drivers, regulatory […]
In Finland, Neste has brought Neste MY Renewable Diesel to a significant number of new stations during April and May 2020 in Finland. With the expansion, Neste MY Renewable Diesel will be available at around 120 stations in growth centers as well as smaller towns. The number of distribution points will be expanded from 70 […]
In Italy, the Wall Street Journal reports that Eni has announced it is aiming to phase out its controversial use of palm oil and PFAD by 2023 in a move applauded by environmental groups such as Transport & Energy who have criticized the company. The decision comes as part of a wider review of the […]
In Washington, Politico reports that Growth Energy is hosting a virtual “fly in” via Zoom this week in an effort to secure support from Midwest policymakers ensuring the HEROES package gets through the Senate. Already the House of Representatives have approved the COVID-19 bailout package which includes significant aid for the ethanol industry including a […]
In Illinois, Platts reports that with the slow ramp up of mothballed ethanol production compared to increasing demand, the backwardation between front and second-month Chicago ethanol swaps has reached a six-month high at 4.75 cents. Similarly, crush margins became positive for the first time in three months, further indicating tight supplies amid increased demand. Estimates […]
