In the Netherlands, Royal Dutch Shell announced 6500 job cuts and slashed 2015 capex by $3 billion from the April forecast and $7 billion from 2014, as it reported Q2 earnings of $3.4 billion compared with $5.1 billion for the same quarter a year ago. The company said “Compared with the second quarter 2014, earnings […]
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In Brussels, a new interactive website “www.BiofuelsforEurope.eu” launched today in the European Parliament to summarize the latest science on key biofuels issues using fact-based, understandable information. BP, Novozymes, Scania and Shell have sponsored the initiative in the common view that biofuels, when sustainably produced, have a positive role to play in decarbonizing the transport sector in […]
In Florida, Royal Dutch Shell has booked 30,000 metric tons of ethanol from Raizen and Louis Dreyfus Commodities’ Biosev for shipment with end of March delivery. Brazil imported nearly the same amount in December. The trade is a result of the weakening real mixed with need to sell old crop ethanol as the new crush […]
In Hong Kong, Shell is the first oil major to launch B5 retail sales in the city, but it is only available for commercial customers and won’t be available at its retail gas stations. The company claims uncertain demand and lack of storage capacity has limited its retail exposure to biodiesel at the moment.
Shell VP Matthew Tipper, at ABLCNext: “We will likely begin manufacture in the southeast United States. We plan to be operational by late this decade. “We believe our best bet is woody biomass and energy crops as feedstocks. We plan to do this with a scale-up of smaller plants with widespread feedstock availability.” “The RFS […]
In the Philippines, the winners of Shell Eco-Marathon Asia were a team of Thai students who traveled 2,730.83 km on a single liter of ethanol. Team How Much Ethanol from Panjavidhya Technological College basically traveled the distance between Manila and Jakarta in their vehicle that won the race. The was the first time the race […]
What could be more alluring than a colossal opportunity in the biggest game of all — energy investing? So goes the siren song. But in the real world of chasing black swans, we may be overlooking the wonders of the white ones. In the world of venture capital, black swans are a big deal. For […]
In Indonesia, Shell and Total Oil must increase the proportion of biodiesel in their fuel mix to at least 10% by January next year or leave the business, warned the Indonesian government. The change comes in a regulative effort to stimulate Indonesia’s economy and push down fuel imports to combat the current-account deficit and weakening […]
Today on Twitter: umich: #UMich researchers awarded grant to study algae as biofuels: AndrePettigrew @Shell @OfficialBP Break With Trade Group Calling for Repeal of #RenewableFuelStandard #BioFuels AAEA_Economics: AJAE: Economic, Energy Security, and Greenhouse Gas Effects of Biofuels: Implications for Policy
In the UK, BP and Shell are set to cut back as biofuel investments hit a seven-year low, according to a Bloomberg article highlighting the challenges facing the biofuels industry where investment is harder to come by than ever. Global investment in biofuel production has shrunk to $57 million in Q1, the lowest since 2006, […]