Author Archive: Meghan Sapp

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Guarani only willing to pay Petrobras half the value of its 42.9% equity stake

Guarani only willing to pay Petrobras half the value of its 42.9% equity stake

June 23, 2015 |

In Brazil, Petrobras hasn’t managed to secure a buyer willing to pay the asking price for its 42.9% stake in Guarani’s sugar and ethanol mills. Tereos, who owns the majority of Guarani, has offered $200 million but Petrobras says it’s not enough. The asset is on the company’s books as being worth $407 million, plus […]

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Egypt signs used cooking oil protocol to support biodiesel program

Egypt signs used cooking oil protocol to support biodiesel program

June 23, 2015 |

In Egypt, the Minister of Supply has signed a protocol for recycled cooking oil to be collected from citizens in exchange for points that can be traded for free food. The oil will then be delivered to the Alexandria Company for Petroleum Additives who will process it into biodiesel. The plan scales up a trial […]

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San Martinho to switch to sugar focus from ethanol focus during 2015/16 crush

San Martinho to switch to sugar focus from ethanol focus during 2015/16 crush

June 23, 2015 |

In Brazil, sugarcane major San Martinho says that despite the industry focusing on ethanol production so far in the crush, it will turn its attention to sugar production. It’s crushing ratio will be 52% for sugar and 48% for ethanol of 19.5 million metric tons of sugarcane, compared to 49% for sugar and 51% for […]

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Brazil slaps 11.25% import tariff on ethanol

Brazil slaps 11.25% import tariff on ethanol

June 23, 2015 |

In Brazil, the country’s president signed into law last Friday a bill that includes a 11.25% import tariff on ethanol imports in an effort to protect the country’s ethanol industry and will work to close the arbitrage window of US ethanol exports into the country. Ethanol imports during 2015 coming from the US reached 357 […]

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POET plant in Minnesota shut following explosion and 2 injuries

POET plant in Minnesota shut following explosion and 2 injuries

June 22, 2015 |

In Minnesota, POET’s 45 million gallon ethanol plant in Glenville has been closed temporarily following an explosion and resulting fire early Sunday morning that injured two workers. The shutdown shouldn’t impact prices due to small production and large stocks in the region.

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European T2 ethanol weighed down by inbound imports

European T2 ethanol weighed down by inbound imports

June 22, 2015 |

In the Netherlands, 10,000 cubic meters of ethanol imports from Guatemala scheduled for June 28 and another 7,000 cu m from Peru in late July are expected into Rotterdam which have in turn weighed on European T2 prices, bringing them down to 10-day lows. Traders are trying to wait out backwardation of prices but those […]

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Nearly 100% of biodiesel sold at 661.5 million liters at ANP auction has social seal

Nearly 100% of biodiesel sold at 661.5 million liters at ANP auction has social seal

June 22, 2015 |

In Brazil, 661.5 million liters of biodiesel were sold at the ANP’s most recent auction on June 17 and 18. Of the total, 99.8% held the social seal. Thirty-four producers offered nearly 825 million liters of biodiesel at the auction with 97.05% holding the social seal. The average price paid for the biodiesel was slightly […]

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Ring Neck Energy and Feed buys land for ethanol plant following “yes” vote

Ring Neck Energy and Feed buys land for ethanol plant following “yes” vote

June 22, 2015 |

In South Dakota, Ring Neck Energy and Feed has gone ahead and purchased the land for the planned ethanol plant in Onida following a vote last Tuesday where 79 percent of the 672 people said they wanted the land rezoned to allow for the project. The company plans an equity drive next month. Final county […]

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Saskatchewan ethanol plant mothballed since May on low demand

Saskatchewan ethanol plant mothballed since May on low demand

June 22, 2015 |

In Canada, the NorAmera ethanol plant in Weyburn, Saskatchewan has been mothballed since May after it filled up its storage tanks but couldn’t sell fuel to retailers. Despite the summer driving season coming up, demand hasn’t picked up as expected so the facility remains shut. The company hopes to reopen once it sells off some […]

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Smithfield Foods ties up with Tyton BioEnergy on energy tobacco development

Smithfield Foods ties up with Tyton BioEnergy on energy tobacco development

June 22, 2015 |

In Virginia, Smithfield Foods’ Hog Production Division, Murphy-Brown, LLC, and Tyton BioEnergy Systems announced today a research partnership to develop new applications for Tyton’s dedicated, non-smoking tobacco crop and the resulting soil amendment, filtration, and feed products within Smithfield’s hog production processes. The two companies are establishing field trials with non-smoking tobacco using hog manure […]

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