Tag: New York

S&P Global Platts launches North-Northeast Brazil anhydrous ethanol assessment

S&P Global Platts launches North-Northeast Brazil anhydrous ethanol assessment

November 13, 2017 |

In New York, 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 15 days forward from […]

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US Attorney General issued subpoenas to find out Icahn’s role in RFS policy

US Attorney General issued subpoenas to find out Icahn’s role in RFS policy

November 8, 2017 |

In New York state, Bloomberg reports that the U.S. Attorney’s office for the Southern District of New York issued subpoenas to Icahn Enterprises as well as CVR Energy while Carl Icahn served as advisor to the president to secure information regarding his activities surrounding the Renewable Fuels Standard. CVR Energy saved about $60 million on […]

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CVR Energy cuts RIN short position by more than half in Q3

CVR Energy cuts RIN short position by more than half in Q3

November 1, 2017 |

In New York state, Reuters reports that CVR Energy has cut its RIN short position to $127 million as of the end of Q3 from $280 at the end of Q2. With corn states so far winning the Renewable Fuel Standard battle against oil refiners, the Environmental Protection Agency has been forced to back down […]

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BNEF says there have been no Big Oil investments in biofuels this year so far

BNEF says there have been no Big Oil investments in biofuels this year so far

October 25, 2017 |

In New York, a new report from Bloomberg New Energy Finance shows that despite oil majors continuing to invest heavily in renewable energy, investment in biofuels continues to decline. Not just decline, but reach absolutely zero so far this year after peaking at six deals in both 2006 and 2008. Just one or two deals […]

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New York City write to the EPA protesting any rollback of the RFS

New York City write to the EPA protesting any rollback of the RFS

October 19, 2017 |

In New York state, New York City submitted comments to the U.S. EPA Oct. 19, protesting any rollback of the Renewable Fuel Standard, which calls for minimal use levels for renewable fuels like biodiesel. Biodiesel has proven a reliable and effective fuel for NYC fleet and buildings and has helped reduce air pollution in the […]

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Arbitrage window to China opens up despite 30% import duty

Arbitrage window to China opens up despite 30% import duty

October 10, 2017 |

In New York state, with ethanol prices at a one-year low, an arbitrage window to China has opened up. Even with the 30% import duty on ethanol, domestic prices in China are more than $300 per metric ton more expensive than US ethanol. With the import duty included, US ethanol is running at a $57-73/ton […]

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Cornell and Texas A&M researcher develop algal droplet bioreactors on a chip

Cornell and Texas A&M researcher develop algal droplet bioreactors on a chip

September 28, 2017 |

In New York state, researchers from Cornell University’s Boyce Thompson Institute and Texas A&M University report in Plant Direct exciting new technology that may revolutionize the search for the perfect algal strain: Algal droplet bioreactors on a chip. A single algal cell is captured in a tiny droplet of water encapsulated by oil – imagine […]

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Brookhaven research shows retaining sugars in plant leaves can boost oil production

Brookhaven research shows retaining sugars in plant leaves can boost oil production

September 25, 2017 |

In New York state, in a new study at the U.S. Department of Energy’s Brookhaven National Laboratory, scientists show that retaining sugars in plant leaves can make them get fat too. In plants, this extra fat accumulation could be a good thing. It could help turn plants into factories for making biofuels and other useful […]

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CVR makes about turn on RINs and begins buying them up ahead of March deadline

CVR makes about turn on RINs and begins buying them up ahead of March deadline

September 20, 2017 |

In New York state, Reuters reports that Carl Icahn’s CVR has begun to close out its short position on RINs and began buying million of them in August for the first time in months. In an effort to keep control on prices, the purchases of half a million or a million at a time have […]

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New York governor signs law requiring B5 for bioheating in downstate counties

New York governor signs law requiring B5 for bioheating in downstate counties

September 14, 2017 |

In New York state, New Yorkers in downstate counties will soon benefit from cleaner air due to the increased use of Bioheat fuel in heating oil. Legislation signed Sept. 13 by New York Gov. Andrew Cuomo requires Nassau, Suffolk, and Westchester counties to follow New York City’s lead by blending at least 5 percent biodiesel (B5) […]

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