Tag: New York

New York Harbor prompt barge premium hits one-year high

New York Harbor prompt barge premium hits one-year high

January 4, 2018 |

In New York state, Platts reports that the ethanol price for New York Harbor continue to soar as a result of short-term logistical hiccups that began last week in Pennsylvania but have expanded across the region including the Midwest where most supplies originate due to extreme cold weather, pushing the prompt barge premium to a […]

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City of New York to study alternative fuels for city ferries

City of New York to study alternative fuels for city ferries

January 2, 2018 |

In New York state, the City of New York is set to spend the next two years analyzing the use of alternative fuels to power the city’s ferries following a successful City Council vote in mid-December. The study will look at biodiesel and hybrid electric, battery electric and fuel-cell electric technologies but also look at […]

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US ethanol desperately looking for new homes abroad

US ethanol desperately looking for new homes abroad

November 29, 2017 |

In New York, US ethanol producers are looking for new markets to take the place of China and Brazil who had traditionally absorbed 40% or more of exports volume, with opportunities potentially arising in India and Mexico as well as Africa and Asia, but if they don’t pan out at the levels required then production […]

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Drivers seen brunting most of the cost of RINs

Drivers seen brunting most of the cost of RINs

November 27, 2017 |

In New York, despite constant rhetoric that the Renewable Fuel Standard increases costs through compliance costs associated with buying RINs, a senior analyst at Wells Fargo told Bloomberg that as much as 83% of the price of RINs were actually pushed on to the motorist, who in the end were bearing the brunt of the […]

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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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