Tag: New York

COFCO setting up ethanol trading desk for US-Brazil-China trade

COFCO setting up ethanol trading desk for US-Brazil-China trade

May 26, 2016 |

In New York, COFCO is setting up an ethanol trading desk in an attempt to penetrate the US ethanol market. The company has headhunted a trader from Louis Dreyfus Commodities and will likely source others to facilitate trade from the US and Brazil into China. They trader would also look to trade between the US […]

Read More

Biodiesel prices rise on the back of higher crude and heating oil futures

Biodiesel prices rise on the back of higher crude and heating oil futures

May 19, 2016 |

In New York state, heating oil futures have reversed their weak trend during the last several days and are instead following crude oil prices higher in part due to a wildfire raging near Canadian oil sand areas. Those higher prices are in turn supporting biodiesel prices to a 14-month high in the Midwest and Gulf […]

Read More

Brazilian biodiesel and commodities giant to list foreign assets on NYSE

Brazilian biodiesel and commodities giant to list foreign assets on NYSE

May 12, 2016 |

In New York, Brazil commodities giant JBS announced it will list on the New York Stock Exchange reflecting that acquisitions globally now mean that most of its revenues from outside the country. The company is reorganizing so that all of its international assets outside of Brazil are inside JBS Foods International, which will be listed […]

Read More

February ethanol exports down 20% as China pulls back from the market

February ethanol exports down 20% as China pulls back from the market

April 6, 2016 |

In New York state, ethanol exports fell more than 20% in February to 67 million gallons as China pulled back from the market, importing only half of that volume which represents just 30% of its January imports. Brazil’s imports tripled over January’s—though less than in January 2015—but it wasn’t enough to temper concerns in the […]

Read More

Moody’s cuts Cosan’s overseas risk rating to negative from stable

Moody’s cuts Cosan’s overseas risk rating to negative from stable

March 24, 2016 |

In New York state, Moody’s Investors Service downgraded the ratings of the notes issued by Cosan Overseas Limited and Cosan Luxembourg S.A and guaranteed by Cosan to Ba3 from Ba2. At the same time, Moody’s América Latina has today affirmed Cosan S.A. Indústria e Comércio (“Cosan”)’s Ba2 (global scale) and A1.br (national scale) corporate family […]

Read More

Oil companies paid $1 billion in RINs to comply with RFS in 2015

Oil companies paid $1 billion in RINs to comply with RFS in 2015

March 7, 2016 |

In New York state, oil refiners paid about $1 billion for the needed RINs to comply with the Renewable Fuel Standard in 2015. RIN prices were about 14% higher in 2015 than 2014, pushing the overall RIN spend by 25% over 2014 but not nearly as high as the record seen in 2013 of $1.35 […]

Read More

New York state gets Buffalo Biodiesel to drop more than 600 “bullying” suits against UCO collectors  

New York state gets Buffalo Biodiesel to drop more than 600 “bullying” suits against UCO collectors  

February 18, 2016 |

In New York state, Attorney General Eric T. Schneiderman today announced an agreement with Buffalo Biodiesel, a company that collects cooking oil waste and converts it into biodiesel, over claims that the company filed lawsuits against hundreds of small businesses across Western New York and several surrounding states. The over 600 lawsuits, most of which […]

Read More

Western New York Energy fined for illegal disposal of industrial waste

Western New York Energy fined for illegal disposal of industrial waste

January 25, 2016 |

In New York state, an ethanol production plant has been fined after illegally disposing of industrial waste on its Shelby property. The fine stems from a 2013 investigation into illegal activities at Western New York Energy, LLC (WNYE) by the Department of Environmental Conservation (DEC) Police’s Bureau of Environmental Crimes Investigation (BECI) unit. The investigation, […]

Read More

Global biorefinery market seen growing 14% CAGR through 2020

Global biorefinery market seen growing 14% CAGR through 2020

January 5, 2016 |

In New York, the global biorefinery market was valued at $432.4 billion in 2014, and it is expected to grow with a CAGR of 14.0% during 2015 – 2020, according to a new report from P&S Market Research. The factors driving the growth of the global market include government initiatives and increasing pressure for environmental […]

Read More

Sunoco Fulton Ethanol gets $700,000 grant to fund move into barley malting for craft beer

Sunoco Fulton Ethanol gets $700,000 grant to fund move into barley malting for craft beer

December 21, 2015 |

In New York state, Sunoco Fulton Ethanol manufacturing facility in Volney, N.Y. has received a Central New York Regional Economic Development Grant in the amount of $700,000 as part of New York State Governor Andrew Cuomo’s $1.5 Billion Upstate Revitalization Initiative announced December 10. The REDC grant, strongly supported by State Senator Patty Ritchie of […]

Read More