Tweet In the EU, Fox Business is reporting that the office of Statoil and Royal Dutch Shell were subjected to “announced inspections,” also known as raids, over charges that unnamed companies have been allegedly reporting faked commodity prices to Platts’ Market-On-Close (MOC) price assessment reports. The price reports are used to generate benchmarks for regional [...]
Tweet In Luxembourg, the Renewable Fuels Association (RFA) and Growth Energy filed a complaint with the EY General Court in Luxembourg challenging the European Union’s decision to impose a 9.6 percent antidumping duty on all ethanol imported from the United States. The complaint outlines 10 specific violations of one established trade law committed by the [...]
Tweet In Canada, Methes Energies announced that Methes Energies Canada signed a Purchase and Cooperation Agreement with BioFuel Aruba of Oranjestad, Aruba, to initially purchase one Denami 600 biodiesel processor. As the first and only biodiesel producer in Aruba, BioFuel Aruba was planning to expand its biodiesel production capacity by as early as third quarter [...]
Tweet In Brazil, Bloomberg New Energy Finance says rising ethanol production will mean 20% fewer petroleum imports for Petrobras this year, who will benefit significantly. UNICA says that the huge fall in sugar prices won’t be offset by the increase in ethanol demand, however.
Tweet In New Zealand, LanzaTech is on the hunt for new investors to put in between $60 million and $80 million this year while holding off on an IPO until a first plant is up and running, probably around 2015. The two plants under construction are for 10 million and 25 gallons each, both based [...]
Tweet In Spain, the National Energy Commission has changed the import rules again for biodiesel, now allowing biodiesel origins from any country and not just those within the European Union. The new rule also includes a new grace period during which demonstrating sustainability will be high suggested but not mandatory.
Tweet In Canada, Brunette Machinery Company announced a partnership with Murray Latta Progressive Machine to purchase the assets of Brunette Industries Ltd, Brunette Industries Ltd, Brunette Industries Inc., and BDR Machinery Ltd. All branches will now operate under the new company name Brunette Machinery Company Inc. “This move strengthens Brunette’s position as a market leader [...]
Tweet In Belgium, anti-trust regulators from the European Commission have raided Shell, BP, Statoil and even Platts as part of a probe to see how fuel pricing benchmarks are set, following the Libor manipulation scandal and Total’s trading arm telling regulators last October that pricing benchmarks are often out of line with reality. The Commission [...]
Tweet In Canada, BioFuelNet has signed an agreement with Air Canada and Airbus to help them find the most promising biofuels for aviation. Air Canada and Airbus are part of a broad coalition, which has pledged Carbon Neutral Growth from 2020 and to reduce greenhouse emissions by 50 per cent by 2050. BioFuelNet Canada, a [...]
Tweet In Aruba, the country’s only biodiesel produce Aruba Biodiesel has signed a deal to buy and install a Denami 600 biodiesel processor from Methes Energies Canada. Aruba biodiesel has already completed two pilot projects including one at the airport and plans to use the 5 million liter per year model as a way to [...]