Tag: Texas

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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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Riverside Renewables going for 100% renewable diesel plan for Port of Longview

Riverside Renewables going for 100% renewable diesel plan for Port of Longview

May 10, 2017 |

In Texas, Riverside Renewables has rejigged its biofuels, oil and propane plans that were rejected last year by the Port of Longview to a biofuels-only plan that would produce drop in fuels from 150 million gallons of virgin non-palm oil vegetable oils annually. The fuels would have 70% fewer GHG emissions and would therefore qualify […]

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Green Plains already talking about expansion of Beaumonth ethanol terminal

Green Plains already talking about expansion of Beaumonth ethanol terminal

May 3, 2017 |

In Texas, Green Plains says it is finalizing the contracts for its ethanol import/export terminal in Beaumont that could be online by the middle of this year, and already talk about expansion is underway though any investment plans will be on hold until phase 1’s capacity is contracted. The facility is meant to offer an […]

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Platts sees crush margin down at 24.43 cents per gallon

Platts sees crush margin down at 24.43 cents per gallon

May 2, 2017 |

In Texas, Platts’ crush margin tracker shows that the crush margin fell last week to 24.43 cents per gallon, down 7.57 cents from April 24. Though ethanol production remained steady and well off the highs thanks to maintenance season with many facilities offline, falling demand led to increased stocks that in turn weighed on ethanol […]

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Valero says RINs still weighing on its results despite lower prices

Valero says RINs still weighing on its results despite lower prices

April 26, 2017 |

In Texas, Valero says that RIN costs will weigh on its Q2 results as it did on its Q1 results despite RIN prices falling relative to last year. Q1 RINs cost $15 million less than last year at $146 million. Though prices are lower, the company is keeping its initial guidance on 2017 RIN costs […]

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Texas A&M researchers sequence genome of green microalgae

Texas A&M researchers sequence genome of green microalgae

April 26, 2017 |

In Texas, the genome of the fuel-producing green microalga Botryococcus braunii has been sequenced by a team of researchers led by a group at Texas A&M AgriLife Research. The report, in Genome Announcements, comes after almost seven years of research, according to Dr. Tim Devarenne, AgriLife Research biochemist and principal investigator in College Station. In […]

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