Author Archive: Meghan Sapp

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European Investment Bank launches EUR1 billion bioeconomy financing initiative

European Investment Bank launches EUR1 billion bioeconomy financing initiative

April 17, 2018 |

In Luxembourg, the European Investment Bank (EIB) announced the launch of a new financing initiative that aims to unlock close to EUR1 billion of investment in the agriculture and bioeconomy sector. Bioeconomy encompasses the value chains of production and the processing of food, material and energy using renewable biological resources from land and sea. This […]

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Corn farmers and ethanol plants eligible for $1.51 billion Syngenta settlement

Corn farmers and ethanol plants eligible for $1.51 billion Syngenta settlement

April 17, 2018 |

In Kansas, farmers who grew Viptera and Duracade varieties of corn between 2013 and 2017 are eligible for up to $22.6 million of the $1.51 billion settlement with Syngenta for selling GMO corn seed that was not yet approved by the Chinese government, while a whopping $1.438 billion will go to farmers who didn’t grow […]

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UK and US scientists engineer enzymes to digest common plastics

UK and US scientists engineer enzymes to digest common plastics

April 17, 2018 |

In the UK, scientists have engineered an enzyme which can digest some of our most commonly polluting plastics, providing a potential solution to one of the world’s biggest environmental problems. The discovery could result in a recycling solution for millions of tons of plastic bottles, made of polyethylene terephthalate, or PET, which currently persists for […]

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Thirteen Senators demand EPA stop issuing “hardship” waivers

Thirteen Senators demand EPA stop issuing “hardship” waivers

April 17, 2018 |

In Washington, Sen. Chuck Grassley (R-Iowa) and Sen. Amy Klobuchar (D-Minn.) led a bipartisan group of 13 senators in writing to EPA Administrator Scott Pruitt requesting the agency cease issuing so-called “hardship” waivers exempting obligated parties from the Renewable Fuel Standard, provide topline information about the waivers already issued, disclose whether or not the agency […]

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Ontario’s E10 policy to reduce transportation GHG emission by 1.7 megatons

Ontario’s E10 policy to reduce transportation GHG emission by 1.7 megatons

April 16, 2018 |

In Canada, building on the success of current biofuel mandates, Renewable Industries Canada (RICanada) applauds Ontario’s leadership in increasing blending requirements for ethanol in gasoline to 10% by 2020. The expanded mandate is a made-in-Ontario solution to greenhouse gas (GHG) emissions that improves air quality in a way that is both practical and effective. Once fully implemented, […]

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Tighter soy oil supplies seen supporting Malaysian palm oil to $617/ton by midyear

Tighter soy oil supplies seen supporting Malaysian palm oil to $617/ton by midyear

April 16, 2018 |

In Malaysia, the New Straits Times reports that local investment banks believe palm oil prices could reach $617 per metric ton by midyear, up from current levels around $565 thanks to support from diminishing soybean oil supplies in both Argentina and the US. With soy oil prices up 8% so far this year, higher prices […]

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Argentina exported biodiesel to Canada for the first time in March

Argentina exported biodiesel to Canada for the first time in March

April 16, 2018 |

In Argentina, with the US biodiesel almost entirely blocked to the imports, Reuters reports that 29,000 metric tons found their way to Canada in March instead—and for the first time ever. Bunge and Argentina’s AGD joint venture Ecofuel sold the biodiesel. The country could potentially buy as much as 200,000 tons of biodiesel this year […]

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Boho factor hits three-year low as heating oil prices jump

Boho factor hits three-year low as heating oil prices jump

April 16, 2018 |

In New York state, Platts reports that the Boho factor between heating oil and soybean oil feedstock for biodiesel fell to more than a three-year low last Friday at 21.99 cents/gal on the back of higher heating oil futures supported by Middle East tensions and shrinking stocks. In a countermove, soybean oil prices fell last […]

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Veolia launches UK online market place for bioeconomy feedstocks

Veolia launches UK online market place for bioeconomy feedstocks

April 16, 2018 |

In the UK, as part of the drive to increase the circular economy global resource management company, Veolia, is launching an online trading platform that makes it easier to sell and buy organic resources. Designed to save users time and money, BioTrading will provide businesses the opportunity to better leverage the 100 million tonnes of raw […]

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CSU gets $500,000 funding for ocean macroalgae biofuel project

CSU gets $500,000 funding for ocean macroalgae biofuel project

April 16, 2018 |

In Colorado, Colorado State University project to grow and harvest ocean macroalgae for biofuel production has received support from the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). ARPA-E has poured over $22 million into their Macroalgae Research Inspiring Novel Energy Resources (MARINER) program, with the aim of establishing the U.S. as a leader in […]

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