Biofuels
Finnish oil refiner Neste reports lower profits, shares fall
HELSINKI (Reuters) — Finnish oil refiner and biofuel producer Neste on Thursday reported a drop in second-quarter earnings due to expiry of a US biofuel tax break plus the impact of maintenance stoppages at its conventional refineries.
Boxscore Construction Analysis: The state of the global downstream construction sector
In May, Lee Nichols, Editor and Associate Publisher of <i>Hydrocarbon Processing</i> and <i>Gas Processing</i>, presented a detailed, year-to-date trend analysis and review on new and active downstream construction projects around the world.
Icahn's biofuel bet faces significant headwinds
NEW YORK (Reuters) — Billionaire investor Carl Icahn's multimillion-dollar bet against US biofuel prices is looking increasingly risky in the wake of a Friday court ruling that will likely boost the cost of complying with the program.
US court decision may boost biofuels, hit refiners
NEW YORK (Reuters) — The US government may have to require more biofuels to be blended into the country's fuel supply after a court ruled on Friday that the mandates must be reconsidered, a decision that boosted renewable fuel credits to seven-month highs on financial markets.
Strobel Energy Group to design, construct Prairie Catalytic ethyl acetate facility
CLARKS, Neb. — Strobel Energy Group announced that it has executed an Engineering, Procurement and Construction (EPC) agreement with Prairie Catalytic, LLC, a subsidiary of Greenyug, LLC, to design and construct its commercial scale Bio-Ethanol to Ethyl Acetate facility in Nebraska. Ethyl Acetate is a specialty solvent used extensively in products such as paints, coatings, pharmaceuticals, adhesives and a variety of consumer goods.
CVR Refining says 2017 biofuel costs will hit a record
NEW YORK (Reuters) — CVR Refining racked up its highest-ever bill to meet US biofuel standards during the second quarter, putting it on track to pay a record amount in 2017, the company said in an earnings call on Thursday.
Cielo advances construction of garbage-derived feedstocks to biodiesel refinery
VANCOUVER, British Columbia, Canada — Cielo Waste Solutions Corp. announced the hiring of Kwik-Fab Energy Services to dismantle the Company's demonstration plant in Red Deer, AB. and transport it 200 km south to LynCorp Manufacturing's state-of-the-art fabrication shop in Aldersyde, AB.
EIA: US fuel ethanol production continues to grow in 2017
Through the first six months of 2017, US weekly ethanol production averaged 1.02 MMbpd, an increase of 5% over the same period in 2016. On a weekly basis, US ethanol production set a record of 1.06 MMbpd in the week of Jan. 27, and it has averaged near or above 1 MMbpd in every week of 2017 except for a few weeks in April, when ethanol plants typically undergo seasonal maintenance. If ethanol production remains relatively high through the second half of the year, as EIA’s Short-Term Energy Outlook (STEO) expects, 2017 will set a new record for annual fuel ethanol production.
ExxonMobil, University of Wisconsin-Madison to advance research into fuel from biomass
IRVING, Texas & MADISON, Wis. — The University of Wisconsin-Madison and ExxonMobil have announced a 2-yr renewal of an agreement to research the fundamental chemistry of converting biomass into transportation fuels. The research is part of a broad effort to identify scalable and commercially viable solutions to help meet increasing global energy demand with a renewable resource.
AFPM 'encouraged' by EPA proposed changes to biofuel mandates
WASHINGTON – Following the release of the 2018 Renewable Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS), AFPM President and CEO Chet Thompson released the following statement:
- Shell flags chemicals and products unit loss, raising doubts over $3.5 B buyback 1/8
- Saudi's SABIC sells assets in Europe, Americas worth $950 MM 1/8
- Outokumpu to collaborate with Norsk e-Fuel to convert carbon side streams into eSAF 1/8
- Haffner Energy and IGNIS P2X launch bio/eSAF project AeroVerde in Spain 1/8
- Faerch advances circular packaging leadership with growing rPET volumes from Cirrec 1/8
- Aether Fuels receives millions of additional funding to accelerate SAF production in Singapore 1/8
