Search Results for 'biodiesel'

JV set to invest $11 million in biodiesel facility near Dayton

JV set to invest $11 million in biodiesel facility near Dayton

August 31, 2015 |

In Ohio, Agro BioFuels and BioEnergy, a joint venture between the US arm of India’s Agro Pulping Machinery and JatDiesel, is set to invest $11 million in a 15 million gallon per year biodiesel plant near Dayton. The facility will be mixed feedstock using plant and animal oils and fats. The company has already addressed […]

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Boise State off-road racing team aims to build biodiesel trophy truck for Baja 1000 race

Boise State off-road racing team aims to build biodiesel trophy truck for Baja 1000 race

August 31, 2015 |

In Idaho, the kids who built the world’s fastest vegetable oil powered vehicle through a student club at Boise State have launched Greenfield Research and with it a new ambition: a biodiesel trophy truck to win at the upcoming Baja 1000 off-road race, the top tier of off-road racing. The non-profit is raising funds to […]

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Missouri biodiesel plant destroyed by fire

Missouri biodiesel plant destroyed by fire

August 31, 2015 |

In Missouri, a fire has torn through the biodiesel plant in Bunceton, forcing the evacuation of the small town due to the fumes and high heat levels of the fire. The facility was one of the last remaining prosperous businesses in the town. A containment plan was in place for the runoff oils that was […]

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Four sentenced to federal prison for RIN and biodiesel tax credit fraud

Four sentenced to federal prison for RIN and biodiesel tax credit fraud

August 27, 2015 |

In Florida, four people were sentenced in US district court for RIN fraud with sentences ranging from just over a year to more than five years.  First the group committed the fraud with New Energy Fuels in Waller, Texas claiming to produce biodiesel from used cooking oil and then moved to Chieftain Biofuels in Logan, […]

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Japan’s NYK to use canola field to produce biodiesel in an area devastated by 2011 quake

Japan’s NYK to use canola field to produce biodiesel in an area devastated by 2011 quake

August 26, 2015 |

In Japan, NYK has concluded a contract with United Green for partial ownership of a canola flower field along the Sanriku shoreline, an area that suffered extensive damage from the tsunami that accompanied the Great East Japan Earthquake in 2011. United Green is a general incorporated association that has implemented a recovery project involving canola […]

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EPA data shows RFS biodiesel demand continues to push production levels

EPA data shows RFS biodiesel demand continues to push production levels

August 26, 2015 |

In Washington, data from the EPA shows that biomass-based diesel production grew month-on-month for the fifth time in a row in July at 192.68 million gallons, up 15 million gallons over June, some 9%. So far, biodiesel production through July is already 113 gallons higher than during the same period last year. The push in […]

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European biodiesel premiums soar as oil hits six-year lows

European biodiesel premiums soar as oil hits six-year lows

August 25, 2015 |

In the Netherlands, as oil prices continue to fall to new six-year lows, the premiums for biofuels rise, as is the case with RED-compliant FAME that saw its premium hit a new record of $427/mt last week, the highest since Platts started tracking RED FAME prices in February 2012. Analysts expect oil prices to remain […]

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Avalara releases white paper looking at tax policies related to biodiesel

Avalara releases white paper looking at tax policies related to biodiesel

August 25, 2015 |

In Washington state, sales tax management software company Avalara has released a white paper looking at the new tax challenges that arise from biodiesel. With future growth of biodiesel consumption in many ways dependent on tax policy in addition to the quotas set in the RFS, the paper goes over the maze of federal and […]

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REG closes on acquisition of Imperium assets, including largest US biodiesel refinery

REG closes on acquisition of Imperium assets, including largest US biodiesel refinery

August 23, 2015 |

In Iowa, Renewable Energy Group completed its acquisition of substantially all the assets of Imperium Renewables, Inc, paying $15.0 million in cash and issuing 1.675 million shares of REG common stock in exchange for substantially all of Imperium’s assets, including the 100-million gallon nameplate biodiesel refinery and terminal at the Port of Grays Harbor, WA.  […]

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IRS publishes tax code for biodiesel tax credits

IRS publishes tax code for biodiesel tax credits

August 19, 2015 |

In Washington, the IRS has published a notice that informs claimants about the federal income tax treatment of credits under § 6426(c) and (d) of the Internal Revenue Code that are paid in cash under the one-time claim submission process of section 160(e) of the Tax Increase Prevention Act of 2014 (Act), Pub. L. No. […]

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