In the Netherlands, Bunkerspot reports that last week data from ENGINE showed that following the Dutch government’s decision to halve its rebate multiplier for marine biofuel sales from 0.80 to 0.40, prices in Rotterdam for B20-VLSFO and B30-VLSFO rose $50 and $80 per metric ton, respectively. Before the Jan. 1 implementation of the new policy, […]
In India, Reuters reported that Indian state fuel retailers have raised the purchase price of ethanol made from maize $0.8635 per liter to encourage its production for blending with gasoline. According to the report, India is promoting the use of maize as an alternative to sugar to boost ethanol production and ensure sufficient supply of […]
In Argentina, Infobae reported that the Ministry of Energy authorized an increase in biofuels prices of between 28.5% and 34.4%, which will result in greater pressure on the value of gasoline and diesel. The law obliges local oil companies to buy biofuels to blend with gasoline and diesel. According to the rules published by the […]
In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia. By the third quarter of 2024, analysts expect palm oil futures prices to reach beyond $850 per metric […]
In South Korea, SABIC and CJ CheilJedang have developed ready-to-eat rice packaging bowls made with 25% certified renewable polypropylene. The innovative packaging, a part of CJ’s Hetbahn brand, uses food-contact grade TRUCIRCLE™ certified renewable PP resins produced by SABIC. The rigid bowls are manufactured using sheet extrusion and thermoforming for ready-to-eat-rice packaging formats in Asia […]
In Washington, the Federal Trade Commission has issued its 2023 Report on Ethanol Market Concentration. The Energy Policy Act of 2005 directs the Commission to perform an annual review of market concentration in the ethanol production industry “to determine whether there is sufficient competition among industry participants to avoid price-setting and other anticompetitive behavior.” As […]
In Texas, Argus has launched daily prices for renewable diesel in California, complementing its existing suite of renewable diesel prices, which spans Asia, Europe and the US west coast. Renewable diesel, also known as hydrotreated vegetable oil (HVO), is chemically identical to conventional road diesel and can be used as a “drop-in” fuel to replace fossil […]
In the UK, Argus has launched a new Mediterranean marine biodiesel price assessment for B24, a blend of 24% used cooking oil methyl ester and 76% very-low sulphur fuel oil. The new daily dob Algeciras-Gibraltar price joins Argus’ existing global suite of marine biodiesel price assessments including prices for blends containing used cooking oil methyl […]
In India, the Hindu Business Line newspaper reports the National Company Law Appellate Tribunal (NCLAT) has suspended a $4.56 million fine for alleged ethanol price fixing lobbed on 18 sugar mills and two trade associations by the Competition Commission of India (CCI) in 2018. The NCLAT has sent the decision back to the CCI for […]
In Malaysia, Reuters reports that following the heightened conflict between Hamas and Israel on Monday, oil prices rose 3% which have given a boost to palm oil prices that were falling due to excess supplies. With higher oil prices due to potential increased instability in the Middle East, demand could pick up for biodiesel which […]
