Tag: Texas

Valero and Darling looking at maybe doubling Diamond Green Diesel production

Valero and Darling looking at maybe doubling Diamond Green Diesel production

November 9, 2017 |

In Texas, Valero Energy Corporation and Darling Ingredients Inc. announced today that in anticipation of growing demand for renewable diesel due to the Renewable Fuel Standard (RFS) and global low carbon markets, the companies will initiate an engineering and construction cost review to analyze an additional project that would grow annual production capacity to 550 […]

Read More

Exxon sees commercial algae production at least another 10 years away

Exxon sees commercial algae production at least another 10 years away

November 6, 2017 |

In Texas, Exxon’s head of R&D told Bloomberg that commercial algae production is at least another 10 years away, although the company has already been investing in the technology for eight years. The algae investment and its work with the Renewable Energy Group using microbes to produce biodiesel from crop waste that was recently extended […]

Read More

ExxonMobil and REG announce successful conversion of sugars to biodiesel

ExxonMobil and REG announce successful conversion of sugars to biodiesel

November 1, 2017 |

In Texas, ExxonMobil and Renewable Energy Group announced that by utilizing REG’s patented fermentation technology, the companies’ joint research program has demonstrated the ability to convert sugars from a variety of non-edible biomass sources into biodiesel. During their initial research, the companies successfully validated the feasibility of the REG Life Sciences fermentation technology across multiple […]

Read More

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