In Singapore, conducted as part of the Global Centre for Maritime Decarbonisation’s (GCMD) pilot project to establish a quality, quantity and GHG abatement assurance framework for drop-in biofuels, the M/V MOL ENDOWMENT was refuelled with 992 metric tons of marine biofuel product at the Port of Singapore, on December 21, 2022. The vessel, deployed on […]
In the UK, CME Group announced the first trade of the Used Cooking Oil Methyl Ester (UCOME) futures contracts. Ten contracts were traded on September 16, 2020. Open interest was at 65 contracts as of September 22, 2020. Tullett Prebon Energy & Commodities, part of TP ICAP, a leading provider of market infrastructure, became the […]
In the Netherlands, Platts reports that 90%-91% GHG savings UCOME is stuck in a bearish market until the FAME 0 supplies can be worn down and push prices for the fuel up higher. With FAME 0 so cheap, demand is almost non-existent for UCOME. With more biodiesel imports from Indonesia on its way, prospects for […]
In Germany, the GHG-based biodiesel-blending mandate has led biodiesel producers across Europe to work to reduce the GHG intensity of fuels, a move which has worked to reduce demand for used cooking oil-based biodiesel. Biodiesel GHG emissions reductions have lowered to 71.5% in 2016 compared to 50.5% in 2014, meaning biodiesel compliant with the German […]
In Iran, scientists at the Petroleum University of Technology in Ahwaz have developed a high-speed conversion that turns waste cooking oil into fuel using ultrasound and caustic soda. Details are reported in the International Journal of Oil, Gas and Coal Technology. The team has demonstrated that biodiesel can be quickly produced from waste cooking oil […]
In Poland, increased demand for double-counted waste-based biodiesel from Germany is likely to increase following the implementation of a new law on Monday. The policy falls in line with many other European countries, with demand expected to kick in around Q2 when blenders start looking at summer spec biodiesel. The current winter blend has a […]
