Tag: Texas

MTBE and ethanol industries take market share fight to Mexico

MTBE and ethanol industries take market share fight to Mexico

October 12, 2017 |

In Texas, the country’s MTBE industry is worried about the impact of Mexico potentially blending 10% ethanol from a previous cap of 5.8%. The $1 billion industry exports more than half of its production to Mexico but if the recently announced—and recently court-suspended—policy goes through, demand for oxygenates like MTBE will reduce significantly. That leaves […]

Read More

Boho factor falls to 22-month low that could boost blending economics

Boho factor falls to 22-month low that could boost blending economics

September 25, 2017 |

In Texas, the boho factor between heating oil and soy oil fell to a 22-month low to 63.33 cents/gal on the back of rising NYMEX ultra-low sulfur contract prices that reached the highest since June 30, 2105 on Monday and lower soybean oil prices. With the lower boho factor, blending biodiesel becomes more economically viable. […]

Read More

New biodiesel trade flow could open from Europe to the US, if…

New biodiesel trade flow could open from Europe to the US, if…

September 6, 2017 |

In Texas, with biodiesel imports from Argentina and Indonesia on ice thanks to anti-dumping tariffs that made trade nearly impossible, the opportunity for arbitrage with Europe could potentially open up. The new trade flow would require Europe to keep its anti-dumping duties on Argentina in place, however, and the decision to lift those have been […]

Read More

Harvey sends U.S. biodiesel prices near highest levels in 5 months

Harvey sends U.S. biodiesel prices near highest levels in 5 months

September 2, 2017 |

In Texas, Hurricane Harvey damage and impact has brought U.S. biodiesel prices near a five-month high, according to Platts. On Friday, prices in Chicago for biodiesel delivery were at $3.3950 per gallon and prices in Houston were at $3.2650 per gallon. Refineries in Texas and Louisiana that were impacted by Hurricane Harvey include the largest […]

Read More

Biofuel markets not likely impacted by Hurricane Harvey

Biofuel markets not likely impacted by Hurricane Harvey

August 28, 2017 |

In Texas, despite the horrendous flooding seen across the state due to Hurricane Harvey, experts don’t expect the storm or its damage to impact biofuel prices for the Gulf Coast region. Refineries in the region closed down ahead of the storm, reducing demand for blending stock in the coming days. Exports have slowed in recent […]

Read More

Investors shorting CVR as Icahn’s attempt to short RIN market fails

Investors shorting CVR as Icahn’s attempt to short RIN market fails

August 9, 2017 |

In Texas, in response to expectations that Carl Icahn made a bad bet against his influence on the Trump administration and the shifting of the point of obligation under the Renewable Fuels Standard, investors have been lining up short positions on CVR’s stock for the past three months, equal to about one-third of the stock […]

Read More

Valero beats profit estimates despite higher RIN costs and lower ethanol revenues

Valero beats profit estimates despite higher RIN costs and lower ethanol revenues

July 27, 2017 |

In Texas, Valero Energy Corp. still pulled off a quarterly profit despite an increase in RIN spend during Q2 that contributed to $255 million in blending costs from $173 million last year and lower ethanol revenues at just $31 million from $69 million last year. The increased profit was a result of higher throughput at […]

Read More

US ethanol exports ease thanks to higher prices at home

US ethanol exports ease thanks to higher prices at home

July 19, 2017 |

In Texas, ethanol exports are beginning to ease in light of stronger domestic prices that are keeping the fuel at home, especially for the case of Brazil and India where much of the exports earlier this year were destined. Corn futures are helping to support ethanol prices in the US with a wary eye on […]

Read More

Texas A&M researchers look at DDGS feeding supplements for cattle

Texas A&M researchers look at DDGS feeding supplements for cattle

June 8, 2017 |

In Texas, researchers at Texas A&M AgriLife Research are interested in how seasons affect how well cattle can digest a type of Bermuda grass, Tifton 85. In a recent study, they found that as seasons progress, the grass becomes harder to digest. However, by supplementing with the dried distillers’ grains, this effect can be minimized. […]

Read More

Texas A&M researchers develop carbon fiber from lignin

Texas A&M researchers develop carbon fiber from lignin

May 17, 2017 |

In Texas, waste material from the paper and pulp industry soon could be made into anything from tennis rackets to cars. “We have overcome one of the industry’s most challenging issues by discovering how to make good quality carbon fiber from waste,” said Dr. Joshua Yuan, Texas A&M AgriLife Research scientist and associate professor of […]

Read More