Category: Producer News

US ethanol wants a home in the Philippines but it’s weighing on prices

US ethanol wants a home in the Philippines but it’s weighing on prices

July 26, 2016 |

In the Philippines, ethanol prices have fallen dramatically in light of significant volumes of US ethanol looking for a home in Asian markets. CIF prices fell to $490/cu m, the lowest since mid-March, from a recent high of $569.33/cu m on June 15. Prices are closely following corn futures south, which matched with export premiums […]

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Dung Quat ethanol plant mothballed following unpaid debts of $58 million

Dung Quat ethanol plant mothballed following unpaid debts of $58 million

July 26, 2016 |

In Vietnam, the Dung Quat ethanol plant has been mothballed following unpaid debts of $58 million. The facility has suffered heavy losses since its commissioning in 2012, never gaining a proper foothold on the market despite its potential to be a major player producing 100 million liters annually. Drivers have not responded to government support […]

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Valero’s Q2 RIN spend triples while 2016 buy likely to nearly double

Valero’s Q2 RIN spend triples while 2016 buy likely to nearly double

July 26, 2016 |

In Texas, Valero’s RIN spend more than tripled during the second quarter $173 million, pressuring already thin margins during the reporting period. The company expects its RIN purchases to reach as high as $850 million this year compared to $440 million in 2015. But despite tough times, the oil major still managed to rake in […]

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Illinois Institute of Technology researchers patent cellulosic technologies

Illinois Institute of Technology researchers patent cellulosic technologies

July 26, 2016 |

In Illinois, scientists from Illinois Institute of Technology received a patent for a method to genetically engineer bacteria and yeast to increase bioethanol production, especially from cellulosic material in biomass like twigs, branches, plant stalks and husks, and woodchips. Researchers developed a method to genetically engineer Escherichia coli and Zymomonas mobilis, two bacterial ethanol producers, […]

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DOE wants to centralize information on cellulosic production technologies to aid researchers

DOE wants to centralize information on cellulosic production technologies to aid researchers

July 26, 2016 |

In Washington, The U.S. Department of Energy (DOE) seeks input from industry, academia, national laboratories and other biofuels and bioproducts stakeholders to identify existing capabilities to produce lignocellulosic sugars and lignin for use by the research community. It is DOE’s intent to make all information submitted in response to this RFI publicly available to other […]

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Malaysia delays B10 policy to later in the year but won’t say when

Malaysia delays B10 policy to later in the year but won’t say when

July 26, 2016 |

In Malaysia, the government says that it remains committed to implementing the B10 policy this year but it will happen later than planned. At first implementation was set for July, then August, and now sometime before year’s end. Rather than weigh on prices as expected, due to the delay, the government’s reaffirmed commitment helped to […]

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European Commission grants EUR88.5 million to Finnish biorefinery project

European Commission grants EUR88.5 million to Finnish biorefinery project

July 25, 2016 |

In Finland, the European Commission has decided to grant EUR88.5 million of NER 300 investment subsidies for the biofuel refinery planned by Kaidi in Ajos, Kemi. . The subsidy, which is directed towards producers of renewable energy, was initially granted in 2012 for the realization of a biofuel refinery planned by Vapo. Vapo halted the […]

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New York Harbor ethanol prices continue to fall weighed down by oversupplies

New York Harbor ethanol prices continue to fall weighed down by oversupplies

July 25, 2016 |

In New York state, ethanol prices continue to fall in the New York Harbor region due to oversupply, bringing prices down to their lowest since March at $1.50/gal. Even with prices so low, some barges have been traded at a 2 cent per gallon discount to second-month prices for prompt delivery. Though stocks fell last […]

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Buyers lining up to bid for Abengoa assets at Aug. 22 auction

Buyers lining up to bid for Abengoa assets at Aug. 22 auction

July 25, 2016 |

In Missouri, potential bidders appear to be lining up to buy Abengoa’s ethanol plants when they go to auction Aug. 22. Kaapa Ethanol and BioUrja Trading have both bid on plants while Green Plains agreed last month to pay $200 million for two facilities. During the boom when many ethanol plants were being built across […]

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Chinese ethanol imports slide more than half from May’s record

Chinese ethanol imports slide more than half from May’s record

July 25, 2016 |

In China, ethanol imports in June slid to less than half of May’s record volume at just 111,651 cu m. Most of the imports came from the US with 104,536 cu m denatured or fuel grade, while much of the remaining ethanol was for beverage use and came from Pakistan, double what the country imported […]

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