Meghan Sapp – Biofuels Digest http://www.biofuelsdigest.com/bdigest The world's most widely-read advanced bioeconomy daily Thu, 21 Feb 2019 22:37:04 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 S&P Global Platts looks to revise methodology for Chicago Argo ethanol prices assessments http://www.biofuelsdigest.com/bdigest/2019/02/21/sp-global-platts-looks-to-revise-methodology-for-chicago-argo-ethanol-prices-assessments/ Thu, 21 Feb 2019 22:35:28 +0000 http://www.biofuelsdigest.com/bdigest/?p=102903

In Illinois, following a period of industry consultation, S&P Global Platts announced a proposal to revise the methodology for its Ethanol Chicago (terminal) price assessment to expand the delivery (offtake) options to include barge, rail and truck loading, effective May 1, 2019.

“By this proposal, we will expand delivery options for our Ethanol Chicago price assessment, reflective of the extensive feedback we received from market participants through our hosted events, in-person discussions and other dialogues. Ensuring the benchmark continues to evolve with the marketplace and providing the optionality that market participants need for logistics flexibility are key components of our active stewardship of the price assessment processes we conduct. An added benefit of the methodology changes will be the potential for enhanced market activity underpinning the price assessment,” said Ian Dudden, Global Content Director, Metals & Agriculture, S&P Global Platts.

The basis of the S&P Global Platts Ethanol Chicago Argo Ethanol price assessment would remain Intertank Transfer (ITT) at the Kinder Morgan (KM) Argo fungible system. Under the proposed change, the option to take delivery of product other than by ITT in the KM fungible system will be at the buyer’s option, and all incremental costs associated with the chosen offtake option would be borne by the buyer. A seller should not unreasonably withhold any offtake option and any associated costs for non-ITT offtake options must be demonstrably reasonable and typical.

S&P Global Platts is also proposing to revise the standards of incrementablity for its Ethanol Chicago (terminal) assessment during the Market-on-Close (MOC) price assessment process, to better reflect current trading and pricing granularity. Platts is proposing that effective May 1, bids and offers may be improved by a maximum of 10 points per 15 seconds, from the current 25 points per 30 seconds.

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Liverpool’s giant 90-ton fatberg has a future as biodiesel http://www.biofuelsdigest.com/bdigest/2019/02/21/liverpools-giant-90-ton-fatberg-has-a-future-as-biodiesel/ Thu, 21 Feb 2019 22:34:22 +0000 http://www.biofuelsdigest.com/bdigest/?p=102901

In the UK, an 84-meter long, 90-metric ton fatberg has been found in the sewers of Liverpool which will be converted into biodiesel after removal and elimination of objects like wet wipes. After failing to remove it with high pressure water guns, it will now have to be removed manually using pickaxes and shovels, an operation that will cost $130,000 and eight weeks of work. The utility did not identify who would process the fatberg into biodiesel by Argent Energy.

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Singapore’s USP Group sells Biofuel Research to JV http://www.biofuelsdigest.com/bdigest/2019/02/21/singapores-usp-group-sells-biofuel-research-to-jv/ Thu, 21 Feb 2019 22:33:17 +0000 http://www.biofuelsdigest.com/bdigest/?p=102899

In Singapore, USP Group Limited announced that it has entered into a non-binding term sheet with AJ Shanaya Venture Pte Ltd, a company jointly owned by the founders of AJ Jetting Pte Ltd and Shanaya Environmental Services Pte Ltd, to sell its subsidiary company, Biofuel Research Pte Ltd to them. Biofuel Research Pte Ltd is one of the first companies in Singapore to pioneer proprietary technology to convert waste oil to biodiesel. AJ Shanaya Pte Ltd is interested to acquire 100 per cent of Biofuel Research Pte Ltd for a consideration of S$6,000,000. As the Group holds 93.09% of Biofuel, the potential proceeds due to the Group is S$5,590,000.

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SVPGlobal buys White Energy ethanol plant and gluten facility http://www.biofuelsdigest.com/bdigest/2019/02/21/svpglobal-buys-white-energy-ethanol-plant-and-gluten-facility/ Thu, 21 Feb 2019 22:32:06 +0000 http://www.biofuelsdigest.com/bdigest/?p=102897

In Texas, Strategic Value Partners and its affiliates (“SVPGlobal”) announced an agreement to purchase food ingredient and ethanol businesses from White Energy. The purchase includes two integrated plants in Russell, Kansas: the nation’s largest vital wheat gluten manufacturing facility and one of the nation’s most cost-efficient ethanol production facilities.

With an annual production capacity of 56 million pounds, the Russell gluten facility is the largest North American producer of vital wheat gluten, a plant-based protein used as an ingredient in a number of attractive and high-growth food markets including baked goods, pet foods, and vegetarian and vegan foods. Russell’s premier food ingredient products, which will continue to be sold under the Heartland brand name, are purchased by many of the most iconic companies in the food and beverage industry.

The Russell ethanol facility, with a production capacity of 55 million gallons per year, is uniquely designed to consume the starch by-products generated at the adjacent gluten facility. As a result of that highly-efficient manufacturing process, the plant achieves some of the lowest unit costs in the ethanol industry, and is also rated as having the lowest carbon footprint of any facility of its kind in the United States by the California Air Resources Board. As a result, its production is sent to premium clean fuel markets where the plant receives attractive carbon credits.

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Epitome Energy hopes to break ground on $150 million soybean complex in spring 2021 http://www.biofuelsdigest.com/bdigest/2019/02/21/epitome-energy-hopes-to-break-ground-on-150-million-soybean-complex-in-spring-2021/ Thu, 21 Feb 2019 22:31:07 +0000 http://www.biofuelsdigest.com/bdigest/?p=102895

In Minnesota, local press reports that Epitome Energy could break ground on its proposed $150 million soybean crushing and biodiesel facility in spring 2021 should everything go as planned, with the build period seen at around 18 months. The project has received a $450,000 grant from the state’s department of transportation to improve rail infrastructure for the site. The project’s promoters are in talks with state legislators to secure additional state funding for the site.

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India looking to ramp up aviation biofuel production to support air force http://www.biofuelsdigest.com/bdigest/2019/02/21/india-looking-to-ramp-up-aviation-biofuel-production-to-support-air-force/ Thu, 21 Feb 2019 22:30:01 +0000 http://www.biofuelsdigest.com/bdigest/?p=102893

In India, the Hindu newspaper reports that the government is trying to set up 1,000 liter per day aviation biofuel plants in five states across the country in part to help fuel a two-year testing program by the air force that will trial the fuel in all of its aircraft types such as helicopters, transport aircraft and fighter jets. To supply 10% biofuel blend to the country’s air force would require about 1 billion liters of fuel per day. The aim is to reduce the production cost to 84 cents per liter from the current $2.67.

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Louisiana State University researcher optimizing E. coli to produce biodiesel better http://www.biofuelsdigest.com/bdigest/2019/02/21/louisiana-state-university-researcher-optimizing-e-coli-to-produce-biodiesel-better/ Thu, 21 Feb 2019 22:28:54 +0000 http://www.biofuelsdigest.com/bdigest/?p=102891

In Louisiana, a Louisiana State University Mechanical Engineering graduate student Is currently working on genetically engineering and optimizing E. coli bacteria to produce bioproducts, like biodiesel, in a cost-effective manner. The main goal is to create Malonyl-CoA bioproducts, such as biodiesel, plastics, polymers, and pharmaceuticals. Malonyl-CoA is found in bacteria from humans and has important roles in regulating fatty acid metabolism and food intake; it’s also an attractive target for drug discovery. She was one of four university-level researchers to present her work at the National Biodiesel Conference and Expo in San Diego last month.

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EPA preparing several options for RIN reform http://www.biofuelsdigest.com/bdigest/2019/02/21/epa-preparing-several-options-for-rin-reform/ Thu, 21 Feb 2019 22:27:46 +0000 http://www.biofuelsdigest.com/bdigest/?p=102889

In Washington, Bloomberg reports that the under orders from President Trump, the Environmental Protection Agency is preparing to propose a complete reform of RIN trading that would keep speculators such as banks out the market. There has been concern that speculation has led to higher RIN prices that have in turn burdened some parts of the oil industry. The agency plans to propose several options and then seek public comment before deciding on a path forward.

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Praxair expands Louisiana CO plant to better supply biofuel producers http://www.biofuelsdigest.com/bdigest/2019/02/20/praxair-expands-louisiana-co-plant-to-better-supply-biofuel-producers/ Wed, 20 Feb 2019 21:33:55 +0000 http://www.biofuelsdigest.com/bdigest/?p=102825

In Louisiana, Praxair, Inc., a wholly-owned subsidiary of Linde plc, has announced the completion of a major investment project at its Geismar, Louisiana facility, bringing a new plant online that will increase carbon monoxide supply to customers in the Geismar area.

The plant incorporates a new carbon monoxide purification train with more than 13 million cubic feet per day of capacity. This facility is part of a much larger investment that Praxair has embarked upon in Louisiana and the US Gulf Coast and leverages proprietary technologies to improve the overall efficiency of the site and maintain its long-term reliability and competitiveness.

This latest investment further strengthens Praxair’s ability to reliably serve the increased demand from customers, ranging from world scale refineries to technology leading biofuel companies.

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Minnesota’s ethanol industry contributed $2.31 billion to state’s GDP in 2018 http://www.biofuelsdigest.com/bdigest/2019/02/20/minnesotas-ethanol-industry-contributed-2-31-billion-to-states-gdp-in-2018/ Wed, 20 Feb 2019 21:32:54 +0000 http://www.biofuelsdigest.com/bdigest/?p=102823

In Minnesota, the state’s ethanol industry contributed $2.31 billion to the state’s gross domestic product (GDP) in 2018, according to a new study by ABF Economics.

In 2018, the study said, Minnesota’s ethanol producers produced 1.27 billion gallons of ethanol, 3.8 million tons of dried distiller’s grains with solubles (a high-protein animal feed) and 283 million pounds of corn oil (which is used for biodiesel production).

This in turn, the study said, generated $6.9 billion in gross sales for Minnesota businesses and supported 20,137 jobs in 2018. Furthermore, according to ABF Economics, Minnesota’s ethanol industry contributed $1.74 billion in household income and paid $204 million in state and local taxes last year.

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