In the New York Times, the paper released an interactive chart demonstrating the rise of the price of a RIN credit since the beginning of 2012. The paper pegs the current number around $0.62, with the peak at $1.33 in July, highlighting when Morgan Stanley alluded the “upside” scenario where RINs could trade for $2 […]
In Russia, US liquid fuel production is expected to overtake Russian production this quarter as the US returns to prominence as a global fuel powerhouse, US media reports. Russia produces 10.81 million barrels per day, compared to America’s 10.28 mbpd, but with ethanol and biodiesel production accounted for, the US total is expected to reach […]
In Oman, Arizona-based Four Forest Restoration Initiative (4FRI) has turned their stewardship contract to Good Earth Power AZ, an Africa-based company. The company, focused on manage forests and preventing forest fires, plans to build its own mill and biodiesel facility to use the wood from the 300,000 acres that the project will thin. Financing for […]
In Europe, IATA is urging the governments of Eastern Europe to consider three areas for partnership with the aviation industry, citing the biofuels industry as a tool to unite the countries. Sustainable biofuels, IATA argued, will be a part of the long-term environmental solution, and will help to avoid trade wars. Camelina grown in Romania […]
In Ohio, University of Cincinnati researchers are looking into using waste coffee grounds as a biofuel feedstock. These waste coffee grounds could be used to purify crude biodiesel derived from coffee oils. While the grounds are ideal because they eliminate usage of edible oils and reduce the cost of the feedstocks, but are difficult to […]
In Washington, the USDA announced $15.5M more in payouts to 188 advanced biofuels producers across the country. The announcement, made by USDA Rural Development Acting Undersecretary Doug O’Brien on Thursday at the National Advanced Biofuels Conference, comes as a part of the larger Advanced Biofuel Payment Program, which has already distributed $211 million. The payments […]
In the Economist, Saturday’s tech article raised questions regarding the future of the ethanol industry. Besides alluding to concerns with the environmental benefits of biofuels, the article addressed the food-versus-fuel question. The article, however, remained optimistic despite an unfavorable political climate: “The optimism of five years ago may have waned, but efforts to develop second-generation […]
In Kansas, ethanol producers are claiming that they are running up against market and regulatory pressures that threaten the industry’s future in the state. Dave Vander Griend, president of ICM, told the Witchita Eagle that the ethanol industry won’t cease to exist, but is stagnating and could be taken over by the large oil companies. […]
In Washington, the White House is reviewing the EPA biofuel use targets for 2014 after receiving the proposal the week before last. Next year’s targets are due to be proposed this month, to be finalized by December, but are threatened if the decision on the 2014 numbers takes longer than anticipated. The 2013 requirements were […]
In Washington state, the McGregor Company has invested more than $2M into rehabilitating a shuttered biodiesel production plant into a fertilizer distribution facility. The old biodiesel faicility was built by the county Public Development Authority, but was put up for auction after the biodiesel company shut down. McGregor was the only bidder, and hopes to […]
