Tag: oil

Low oil prices push Canadian biodiesel plant into receivership

Low oil prices push Canadian biodiesel plant into receivership

February 5, 2018 |

In Canada, Saskatchewan-based Milligan Biofuels that has bought up to 50,000 metric tons of off-spec canola from the prairie region to produce 20 million liters of biodiesel annually has entered receivership and closed its doors because it can no longer compete with low oil prices. Calgary’s Hardie and Kelly is handling the administration of the […]

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Cruz proposes 10 cent cap on each renewable fuel credit

Cruz proposes 10 cent cap on each renewable fuel credit

December 16, 2017 |

In Texas, U.S. Senator Ted Cruz (R-TX) proposed a cap of 10 cents on each renewable fuel credit, which is a fraction of their value, to be placed to help the oil industry and refiners deal with the RFS requirements. His proposal requests that the EPA sell “fixed price waiver credits” at 10 cents each […]

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Indian government extends refining working group deadline yet again

Indian government extends refining working group deadline yet again

August 26, 2017 |

In India, the government’s oil ministry issued an order further extending the deadline of the 12-member working group that was supposed to prepare a roadmap for expanding refining capacity last year. What was going to be a three-month project has now been over a year in the making as India prepare plans for increasing their […]

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European biofuels industry slams EU for supporting oil

European biofuels industry slams EU for supporting oil

January 26, 2017 |

In Belgium, the biofuel industry shot back at the European Commission at a POLITICO event held on Wednesday, accusing the body of setting energy policy that favors the oil industry and is counterproductive to the goal of achieving low emissions mobility. Seeing how conventional biofuels producers have been treated by European policymakers through the phase […]

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Oil to head for $70 in 2017: Report

Oil to head for $70 in 2017: Report

January 8, 2017 |

In New York, Raymond James analyst Pavel Molchanov and the RJ energy team write: “One year ago, we thought that 2016 oil prices would rally in the back half of the year, natural gas prices would be stagnant, and energy stocks in general would meaningfully outperform the broader market. Check. Oops. Check. After bottoming in […]

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Researchers find way to make algae better oil producers

Researchers find way to make algae better oil producers

October 19, 2016 |

In Missouri, researchers at the Donald Danforth Plant Science Center, and colleagues have discovered a way to make algae better oil producers without sacrificing growth. The findings were published September 6, in a paper titled, “Synergism between inositol polyphosphates and TOR kinase signaling in nutrient sensing, growth control and lipid metabolism in Chlamydomonas,” in The […]

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Zimbabwe’s oil infrastructure parastatal sues Green Fuel for lack of payment

Zimbabwe’s oil infrastructure parastatal sues Green Fuel for lack of payment

October 13, 2016 |

In Zimbabwe, the National Oil Infrastructure Company has sued Green Fuel for $1,072,335.28 plus interest and legal costs after the company allegedly reneged on an integrated storage and handling agreement during a three-year period between 2013 and May 2016. The company has responded and aims to defend itself in court. The agreement with the parastatal […]

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Indian oil dealers worry about water separation with higher ethanol blends

Indian oil dealers worry about water separation with higher ethanol blends

September 22, 2016 |

In India, the country’s oil retailers association is pushing back against the government’s recent policy announcement laying out plans towards a 22.5% ethanol blend. The Petroleum Dealers Association is concerned about water separation issues resulting from a high level ethanol blending in a city such as Nagpur with high humidity levels that would lead to […]

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Recycled tires: overlooked as a fuel source?

Recycled tires: overlooked as a fuel source?

August 28, 2016 |

Oil from recycled tires has been overlooked as a potential fuel source, yet it is the most reliable and easiest to refine of all, according to oil expert Tim Rose of Southern Oil. Rose said that “the future potential of this source of feedstock is immense, in fact preferable to other bio-oils from plants such […]

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Sustainable and low-cost: The Digest’s 2016 Multi-Slide Guide to Competing with Sub-$50 oil

Sustainable and low-cost: The Digest’s 2016 Multi-Slide Guide to Competing with Sub-$50 oil

August 1, 2016 |

As Irshad Ahmed observed recently in The Digest, “until such time that we internalize the true life-cycle costs of extracting and using fossil fuels, and distinguishing fossil-BTUs from bio-BUTs, we will continue to struggle to find a balance between cheap energy verses sustainable energy.” But some technologies have more opportunities in a low-price environment than others. […]

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