In Texas, local TV news reports that an agricultural economist estimates ethanol production is within 10% of where it should be this time of year despite the impacts from the COVID-19 pandemic. With travel restrictions easing up and people getting back on the road, ethanol demand is expected to continue to rise with production rising […]
In Texas, Neste successfully delivered its first batch of sustainable aviation fuel to San Francisco International Airport (SFO) via pipeline, where it will be used by major airlines committed to reducing carbon emissions. Neste is the first company to deliver sustainable aviation fuel, under its brand name Neste MY Renewable Jet Fuel™, to SFO using the […]
In Texas, Platts reports Chicago Argo ethanol prices high a seven-month high this week at $1.53/gal thanks to shrinking stock levels of perhaps just 20% at the Kinder Morgan terminal. The US Army Corps of Engineers is working on a river maintenance project that will limit barge traffic for the terminal, so buyers took additional […]
In Texas, ICIS reports that concerns about a second wave of the COVID-19 pandemic have forced spot ethanol prices lower after nearly two months of steady increases. Spot ethanol prices hit the floor in mid-April at the height of the pandemic and the associated shelter in place orders that kept people off the roads but […]
In Texas, HollyFrontier Corporation said that its Board of Directors has approved a plan to convert the Cheyenne Refinery to renewable diesel production and to construct a pre-treatment unit located at the Artesia Refinery. Including the previously announced renewable diesel unit at the Artesia Refinery, HollyFrontier is expected to have a combined capacity to produce […]
In Texas, Rex American Resources says it is in the process of bringing its One Earth Energy ethanol plant back online after being temporarily idled. NuGen was also idled in response to negative crushing margins brought about by COVID-19 impacts on demand together with falling oil prices but that facility remains offline. The company says […]
In Texas, the San Antonio Business Journal reports that the Supreme Court has refused to hear Valero’s spat with the Environmental Protection Agency where the oil company argues that blenders should have to bear some of the cost of blending biofuel under the Renewable Fuels Standard. Typically, the Supreme Court gives a reason for rejecting […]
In Texas, ICIS reports that increased driving demand has lifted spot prices for ethanol as shelter in place orders are lifted, but the market had hoped for a faster recovery. There is also concern that China will not buy as much US-origin ethanol as expected as part of the phase 1 trade deal easing the […]
In Texas, Primoris Services announced two new industrial awards with a combined value over $62 million. The contracts were secured by Primoris Industrial Constructors, part of the Power, Industrial, and Engineering segment. The first award is for the construction of the outside the battery limits portion of a renewable diesel expansion project in Louisiana. The […]
In Texas, ICIS reports that as ethanol demand begins to increase against the background of production well below consumption that is eating away as the significant stocks held nationwide, the spot prices for ethanol are beginning to widen. Underlying the market is a planned record corn harvest that should see upwards of 40% of the […]
