In Brazil, ethanol prices have risen above the value of sugar for the first time in nearly two years, rising to the equivalent of 19.53 cents per pound. The price shift means that mills will now favor producing biofuel amidst expectations that government will abolish the taxes imposed on ethanol sales. Cane output in Brazil’s […]
In the UK, the stalling biofuels industry may be near peak, according to Reuters market analyst Gerard Wynn. Said the article, “A stalled biofuel industry will need to produce far more efficient fuels to avoid setting off another bout of arguments over its contribution to boosting energy security and cutting carbon emissions.” Wynn analyzes data […]
In Brazil, the government announced a rise in the ethanol blending at pumps from 20% to 25% as of May 1st. The announcement, published in the Union Diary, came after the government reduced the blending requirement from 25% to 20% in 2011. Petrobras stands to benefit after announcing refinery price increases of 6.6% for gasoline. […]
In California, California has more biofuel companies than any other state, according to a report by the Environmental Entrepreneurs. With nearly 30 advanced biofuels companies, refineries, and related operations, California ranks in front of Illinois, Colorado, Texas, and Iowa. According to the same report, the biofuel market could be worth more than $60 billion within […]
In Washington, Sen. Lisa Murkowski (R-Alaska) has spoken out in favor of RFS reform, according to an article from The Hill. Ranking Member of the Senate Energy and Natural Resources Committee, Murkowski released an energy road map on Monday, and indicated that she believed the RFS “didn’t work the way we had hoped it would.” […]
In Iowa, the American Natural Processors is receiving $300,000 in state funds and tax credits for a $5.8m algal oil plant expansion into Galva. The funding will come from the Iowa Economic Development Authority Board. The expansion is retrofitting a biodiesel plant that opened in 2008 but closed in 2010; it is expected to be […]
The Renewable Fuels Association has published a new infographic demonstrating their state-by-state economic impact analysis regarding the ethanol industry. The infographic breaks down the economic sectors relating to the ethanol industry, and highlights key findings of the Cardno ENTRIX report released earlier this year that the industry has supported 383,000 direct and indirect jobs. More […]
In the EU, the energy ministers questioned the new draft directive for biofuels usage which promotes advanced biofuels by giving them a ‘climate bonus’. The hesitations addressed whether the draft directive deals with ILUC emissions and a transition to advanced biofuels adequately, and whether the 5% limitation on the share of current biofuels supports existing […]
In the Netherlands, Vopak will be expanding its storage terminal with the construction of 52 new storage tanks to store biodiesel. The company reduced their number of storage tanks by 85 earlier this year. The new storage tanks are expected to be opened later this year. More on the story.
In Spain, the consumption target for biodiesel has been lowered from 7% to 4.1%, announced the government on Friday. “It is considered appropriate to revise the mandatory consumption targets for biofuels in 2013 and thereafter, setting targets that minimize the fuel prices and ensure some stability in the sector,” states a document from the Ministry […]
