Tag: pandemic

Study finds market potential for industrial and fuel ethanol in India

Study finds market potential for industrial and fuel ethanol in India

August 8, 2021 |

In Washington, D.C., conclusions of a new study commissioned by the U.S. Grains Council show growing ethanol use in India has been linked to increased demand for sanitation products during the COVID-19 pandemic, more ambitious blending targets – now 20 percent by 2023 – and interest from Indian companies in sustainability through bio-based products from […]

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COVID-19 Pandemic still affecting Neste and their 2021 outlook, renewable diesel sales

COVID-19 Pandemic still affecting Neste and their 2021 outlook, renewable diesel sales

May 2, 2021 |

In Finland, Neste reports a resilient Renewable Products business and challenging market in Oil Products to start 2021 off and they expect volatility in the oil products and renewable feedstock markets to remain high due to the COVID-19 pandemic. Sales volumes of renewable diesel in the second quarter are expected to be on the same […]

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Neste posts $995M operating profit in 2020, strong year even with pandemic

Neste posts $995M operating profit in 2020, strong year even with pandemic

February 7, 2021 |

In Finland, Neste released their 2020 financial statements showing an operating profit totaling EUR 828 million (about $995 million) with Renewable Products posting a solid full-year comparable operating profit of EUR 1,334 million (about $1.6 million) and renewable diesel demand remained good during the pandemic, but feedstock markets tightened during the year. Year 2020 in […]

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RFA says ethanol industry needs support as COVID-19 losses near $4B

RFA says ethanol industry needs support as COVID-19 losses near $4B

December 13, 2020 |

In Washington, D.C., the Renewable Fuels Association said that with COVID-19 cases on the rise again and related actions, consumption of ethanol-blended gasoline is rapidly falling again, threatening to derail an already tenuous economic recovery in the ethanol industry, with U.S. ethanol producers already losing $3.8 billion since the start of the pandemic. Through November, […]

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