Tag: Coronavirus

Brazil development bank says money for ethanol COVID-19 support depends on consortium of banks

Brazil development bank says money for ethanol COVID-19 support depends on consortium of banks

April 19, 2020 |

In Brazil, EPBR reports that the Brazilian Development Bank, BNDES, does not have the resources to fulfill the financing line demanded by the ethanol sector to help with the Covid-19 impact of drastic price and demand drops for ethanol and that the initiative will depend on a consortium of public and private banks. “We don’t […]

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UFOP says corona crisis is time to rethink regionalism for agricultural trade and raw materials

UFOP says corona crisis is time to rethink regionalism for agricultural trade and raw materials

April 19, 2020 |

In Germany, UFOP reports that the issue of secure market supply is currently a topic of direct concern to consumers and is proof that international agricultural trade reaches its limit in crisis situations. The Union for the Promotion of Oil and Protein Plants (UFOP) demands that, when implementing the “Farm-to-Fork” strategy as part of the […]

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Circa Group offers levoglucosenone production capability for coronavirus therapeutics

Circa Group offers levoglucosenone production capability for coronavirus therapeutics

April 7, 2020 |

In the UK, biotechnology company Circa Group – who produces bio-based solvent CyreneTM in one step from levoglucosenone (LGO) – is offering its LGO manufacturing capability to experts looking for building blocks for coronavirus therapeutics, including ribonolactone.   Circa’s continuous process for producing levoglucosenone from waste cellulose at its FC5 prototype plant in Tasmania, Australia, with partner Norske […]

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U.S. biofuels industry asks for USDA funds to survive decreased demand from coronavirus

U.S. biofuels industry asks for USDA funds to survive decreased demand from coronavirus

April 5, 2020 |

In Washington, D.C., Reuters reports that a letter addressed to Agriculture Secretary Sonny Perdue from representatives in the biofuels industry asked the Trump administration for funds to help survive the decreased demand prompted by the coronavirus pandemic. The letter asks for funds from the U.S. Department of Agriculture’s Commodity Credit Corporation to help the biofuels […]

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Unexpectedly large demand drives meal prices

Unexpectedly large demand drives meal prices

April 5, 2020 |

In Germany, UFOP reports that in early March, the corona crisis led many market participants to act cautiously and sit back to observe further developments, but that attitude has changed completely in the past two weeks, as livestock farmers ordered large amounts of compound feed in mid-March, leading to an explosion in demand and increased […]

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Ethanol production plummeted 16.4%, lowest level in 6.5 years

Ethanol production plummeted 16.4%, lowest level in 6.5 years

April 5, 2020 |

In Washington, D.C., the EIA released its Weekly Petroleum Status Report for the week ending March 27, which was the first to reflect more fully the impact on the ethanol industry from the social distancing and stay-at-home restrictions associated with COVID-19, showing the largest ethanol production decline since the EIA began reporting ethanol production statistics […]

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Indonesia’s B40 stalls amid coronavirus

Indonesia’s B40 stalls amid coronavirus

April 5, 2020 |

In Indonesia, Argus Media reports that the country is delaying implementation of its 40% biodiesel blending (B40) program indefinitely because of the coronavirus pandemic. Trials were due to begin in March with a roll-out planned for 2021. “The government is eager to push higher blending mandates to reduce reliance on expensive foreign oil and support […]

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How badly is COVID-19 slamming biofuels industry? 30% reduction of ethanol production capacity, nearly half offline in coming weeks?

How badly is COVID-19 slamming biofuels industry? 30% reduction of ethanol production capacity, nearly half offline in coming weeks?

April 5, 2020 |

COVID-19 is creating a rocky road for everyone but is it all gloom and doom? RFA told The Digest that about 4.4 billion gallons of capacity has come offline since March 1, plus what was already idle, the total is about 5.2 billion gallons idle – that’s approximately 30% of the industry’s total. Growth Energy […]

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Vegetable oil prices under pressure due to coronavirus, rapeseed oil drops more than 18%

Vegetable oil prices under pressure due to coronavirus, rapeseed oil drops more than 18%

March 28, 2020 |

In Germany, UFOP reports that the spread of the coronavirus sent global prices of crude oil and vegetable oil on a downward spiral. Rapeseed oil most recently cost EUR 690 per tonne. This translates to a more than 18 per cent decline within one month. Soybean oil stood at EUR 605 per tonne, down just […]

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Refiners trying to raise cash are selling biofuel credits

Refiners trying to raise cash are selling biofuel credits

March 28, 2020 |

In Washington, D.C., Reuters reports that U.S. refiners are selling their renewable fuel credits over the last week in an attempt to raise cash as their valuations tank during the oil price crash, and the coronavirus pandemic isn’t helping with the strain. “Refiners are under strain as the coronavirus pandemic has sapped global demand for […]

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