In Texas, Valero Energy Corporation and Darling Ingredients Inc. are addressing the growing demand for renewable diesel in global, low-carbon markets by initiating an advanced engineering and development cost review for a new plant in Port Arthur, Texas. The proposed facility under review would be designed to produce 400 million gallons of renewable diesel annually […]
In Texas, a common greenhouse gas could be repurposed in an efficient and environmentally friendly way with an electrolyzer that uses renewable electricity to produce pure liquid fuels. The catalytic reactor developed by a Rice University lab uses carbon dioxide as its feedstock and, in its latest prototype, produces highly purified and high concentrations of […]
In Texas, the Houston Chronicle newspaper reports that high corn prices have squashed Valero’s Q2 ethanol operating profits to just $7 million, down 83% from last year’s $43 million. Contrary to its poor ethanol results, its renewable diesel results more than doubled to $77 million from $30 million last year as production doubled and sales […]
In Texas, NEXT Renewable Fuels, Inc (NEXT) and BP Products North America Inc. (BP) have entered into a long-term Feedstock Supply Agreement whereby NEXT will purchase approximately 2 million metric tons (13.2 million barrels) per year of renewable feedstocks for NEXT’s planned Port Westward, Oregon renewable diesel facility. Under the Agreement, BP will supply used cooking […]
In Texas, Solugen Inc., an emerging specialty chemicals manufacturer and world’s first and only producer of bio-based peroxide solutions, announced the closing of $32 million in Series B funding led by Founders Fund with key participation from other venture capital investors such as Y Combinator, Refactor Capital, Fifty Years and KdT Ventures. The capital raise […]
In Texas, Tiger Group and Federal Equipment Co. will conduct an online auction of the complete assets formerly owned by biofuel technology company Inaeris Technologies on May 9. The professionally maintained assets include main, demonstration and pilot plants, along with intellectual property, research and development lab assets and more. Offers for a turnkey acquisition of […]
In Texas, Bloomberg reports that Valero’s Q1 Renewable Fuel Standard compliance costs fell by more than half to just $91 million compared to $206 million last year, thanks to lower RIN costs. The lower RIN costs more than compensated for losses in the company’s ethanol sector that saw operating profit fall to just $3 million […]
In Texas, Texas A&M’s head of the Fats and Oils Program at the Process Engineering Research and Development Center (PERDC), has received a grant from the Malaysian Palm Oil Board to fund several semesters of teaching and short courses about the significance of dietary oils and fats as essential sources of energy. Similar programs exist […]
In Texas, ICIS reports that traditional biodiesel producers are beginning to feel threatened by renewable diesel producers as expansion of the newer technology could potentially threaten market share. With oil industry players like Valero jumping in with major investments like Diamond Green Diesel in Norco, Louisiana where an additional $1.1 billion is destined to expand […]
In Texas, ICIS reports that the US glycerin market expects additional volumes of glycerin from Indonesia to arrive following a ramp up in biodiesel production spurred by the country’s move to B20 last summer and further plans to achieve B30. While the US market is taking a wait-and-see approach, Asian buyers and suppliers of glycerin […]
