Tag: New York

Trump’s trade war with Canada could hit ethanol imports hard

Trump’s trade war with Canada could hit ethanol imports hard

July 3, 2018 |

In New York state, Seeking Alpha argues that the trade war President Trump has waged against the globe, including Canada, could lead towards retaliation from the northern neighbor against ethanol imports in an effort to hit hard enough to end the war early on. Canada is the US’s largest export destination for ethanol. Canada announced […]

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Local residents upset by plans to introduce biodiesel storage by United Riverhead Terminal

Local residents upset by plans to introduce biodiesel storage by United Riverhead Terminal

June 21, 2018 |

In New York state, local residents have come out against a proposal by United Riverhead Terminal to install biodiesel storage tanks that would allow it to blend 5% biodiesel with heating oil as required by state law as of July 1. The facility dates back to the 1950s and is currently zoned residential although it […]

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Valero buys Pure Biofuels Del Peru from Pegasus Capital and other shareholders for cash

Valero buys Pure Biofuels Del Peru from Pegasus Capital and other shareholders for cash

May 14, 2018 |

In New York, Pegasus Capital Advisors, Company Management and minority shareholders have sold their equity interests in Pure Biofuels Del Peru, SAC to a subsidiary of Valero Energy Corporation. PBF, as the third largest fuels importer in Peru, maintains a leading supply platform with a base of over 500 customers, including retailers, miners, and airlines. […]

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Andeavor saves $100 million over two years from “RIN savings”

Andeavor saves $100 million over two years from “RIN savings”

May 8, 2018 |

In New York state, Reuters reports that despite the Environmental Protection Agency granting three of its refineries hardship waivers so they didn’t have to comply with their 2016 RIN requirements under the Renewables Fuel Standard, Andeavor reported $100 million in savings during 2016 and 2017 as a result of lower biofuel compliance costs. The reporting […]

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Cold Spring Harbor Laboratory researchers triple grain sorghum yields with GM

Cold Spring Harbor Laboratory researchers triple grain sorghum yields with GM

May 8, 2018 |

In New York state, a simple genetic modification can triple the grain number of sorghum, a drought-tolerant plant that is an important source of food, animal feed, and biofuel in many parts of the world. In new research reported in Nature Communications, scientists at Cold Spring Harbor Laboratory (CSHL) have figured out how that genetic […]

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NY City to fuel nearly 1,000 vehicles on REG’s 99% fossil-free fuel

NY City to fuel nearly 1,000 vehicles on REG’s 99% fossil-free fuel

May 3, 2018 |

In New York state, New York City will use 99% fossil-free fuel for more than 1,000 municipal vehicles including much of its sanitation fleet and fire trucks, driving more than 11.3 million miles per year on fuel provided by Renewable Energy Group and distributed by Sprague Energy. The move follows 12 years of biofuel blending […]

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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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Q1 RIN prices saw biggest quarterly loss in a year

Q1 RIN prices saw biggest quarterly loss in a year

April 3, 2018 |

In New York state, Reuters reports that continued uncertainty about the future of the Renewable Fuel Standard forced RIN prices down to their biggest quarterly loss in a year with Oil Price Information Service data showing a range of 72 cents as a high on January 2 to a low of 35 cents in mid-March, […]

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New York Harbor ethanol premium drops as logistical nightmare thaws

New York Harbor ethanol premium drops as logistical nightmare thaws

February 12, 2018 |

In New York state, as the deep freeze in the Midwest begins to thaw, the Mississippi River becomes passable again to barge traffic, and rail lines in Pennsylvania open back up, ethanol is able to make its way towards New York Harbor. As a result, prices are falling, bringing down the NY Harbor premium over […]

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S&P Global Platts launches NNE Brazil anhydrous ethanol assessment

S&P Global Platts launches NNE Brazil anhydrous ethanol assessment

February 12, 2018 |

In New York state, S&P Global Platts announced that it has launched a new North-Northeast Brazil anhydrous ethanol assessment. The new assessment reflects demand for greater transparency and a clearly defined methodology to help market participants understand the drivers of pricing. The NNE assessment will reflect anhydrous ethanol standard ANP quality in Suape, one to […]

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