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Lego’s biobased bricks; Vertoro’s green crude oil; nitogen-fixing microbes for corn; diapers from food waste; 3D imaging; Apeel’s $70M: The Digest’s Top 10 Innovations for the week of August 15th

Biofuels Digest - Mon, 08/13/2018 - 11:49am

The pace of invention and change is just too strong, we’ve realized, to highlight annual or even quarterly or monthly rankings and summaries of significant product and service advances. For now, we’re going to be tracking these on a weekly basis to keep pace with the changes. Here are the top innovations for the week of August 15th.

#1 LEGO letting go of petroleum-based blocks

In Denmark, the maker of ubiquitous LEGO-brand toy blocks launched its first items made from sugarcane-based polyethylene on August 1.

The sustainable blocks are shaped like plants and part of a “Plants from Plants” set that will come free with any online purchase over $40 shipped to United Kingdom, Germany and Australia through August 17 or shipped with the United States and Canada through August 14.

“At the LEGO Group we want to make a positive impact on the world around us, and are working hard to make great play products for children using sustainable materials,” Tim Brooks, Vice President of Environmental Responsibility at the LEGO Group. The company aims to roll out biobased plastics for most of its products by 2030.
More on the story.

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The road to biobased BTX: The Digest’s 2018 Multi-Slide Guide to Anellotech

Biofuels Digest - Mon, 08/13/2018 - 11:39am

Founded in 2008, Anellotech has developed a clean technology platform for inexpensively producing bio-based chemicals from renewable non-food biomass. These drop-in, green versions of widely used petrochemicals; benzene, toluene and xylenes, are used to make plastics for consumer goods such as beverage bottles and packaging, clothing, carpeting, automotive parts, home and construction materials, electronic products, and a wide array of industrial products.

From its Pearl River, New York, facility, once research is completed Anellotech will license its Catalytic Fast Pyrolysis process to industrial users around the world. Commercial scale applications are expected by 2019.

Anellotech CEO David Sudolsky gave this illuminating overview of the technology’s progress and promise as part of The Early Stage webinar series.

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The advanced bioeconomy’s second technology wave: a sneak preview of ABLC Global

Biofuels Digest - Mon, 08/13/2018 - 11:17am

We’re just a few days out from ABLC Global’s 2 for 1 deadline. Time to give some perspective on what we’re driving at.

The Rationale

It’s all about our continuing mission to boldly go where no event has gone before — specifically, to bring the whole of the bioeconomy’s leadership to be in one place at one time for real dialogue with the real leaders.

Leadership is not just big companies, it can be technology leadership and sometimes that happens at the smallest of early-stage ventures. But size helps. And leadership is not just about policy and technology — it’s also about how to take technologies all the way through to scale — and there are leaders in finance, site selection, scale-up and process engineering that are essential to know.

The advanced bioeconomy’s technology spread has been a challenge for many events — the conventional bioeconomy has been in food and materials for eons, but advanced technology in protein, nutrition and advanced materials is really shaking up the space. It’s not just about fuels and chemicals and more. And, there are the leaders in the underlying sciences of computation, genetics, robotics and mobility to consider.

That’s one of the reason we’re especially glad to have the IEA Bioenergy Triennial Summit taking place as part of ABLC, and the DOE Bioeconomy Summit, and the Biofutures Platform group’s sessions, and groups like the CABLE consortium bringing along future leaders out of universities to interact with industry. Rather than having five separate events drawing leaders away from each other, we’re all combining forces to make it easier for one investment of time to result in a comprehensive set of knowledge gained and relationships established and strengthened.

What’s helped is the people themselves. Although the technologies and applications have changed, many of these new ventures are being launched by advanced bioeconomy veterans well known from other, earlier ventures. So, just as companies like BP, Cargill, DuPont, ADM and more provided the senior leadership for the first wave of advanced biotechnology — now it is companies like Amyris, Cobalt, Solazyme and more who are providing much of the leadership in this new phase.

The Basic background

180 speakers will be on stage at ABLC Global, which will be staged November 6-9 at the Hotel Nikko in San Francisco’s Union Square area. The main onstage presentations will take place on November 7-9, while November 6th will feature industry tours and the Digest’s State of the Industry Presentation and Networking Kick-off.

Changes

This year, the name of the event has changed from ABLC Next to ABLC Global to recognize the participation of two special co-presenters in the International Energy Agency’s IEA Bioenergy unit, and the US Department of Energy’s Bioenergy Technologies Office (BETO). The program content on Wednesday November 7th will bring on-stage many IEA Bioenergy personalities from around the world to chart the progress and promise of biofuels, renewable chemicals and biomaterials on a global scale.

Meanwhile, on November 9th we’ll have BETO’s leadership both on stage and in driving an agenda that looks critically and thoroughly at the progress of industrial biotechnology and bioenergy on the US domestic front.

On November 8th, ABLC Next will look at a host of hot bioeconomy sectors, including fuels, chemicals, materials, advanced agriculture, animal and human nutrition, and the underlying advances in genetics, robotics, computation, open innovation, and mobile technologies that are powering a revolution in the scope, yields and costs of biobased materials and liquid fuels.

17 different summits, really

Delegates will be able to choose from 17 distinct forums, summits and workshops to optimize their content and networking experience.

These are:

The Biochemical Conversion Summit
The Thermal Conversion Summit
The Disruptive Technology Workshop
The Advanced Nutrition Summit
The Digital Biology Summit
The Advanced Agriculture Summit
The Financing & Investing Workshop
The Biogas Forum
The Innovative Conversion Technologies Forum
The Advanced Biofuels Summit
Sustainable Feedstocks Summit
Biomass Mobilization & Sustainability Summit
The Open Innovation Summit
The Advanced Organism Summit
The Global Actions Forum
The Global Cooperation Forum
The Global Bioeconomy Forum

Topics we’ll be covering

Drop-in fuels, advanced ethanol (including cellulosic feedstocks), genetics, protein, woody biomass, organic acids, novel high-performance chemicals, advanced clear plastic packaging, olefins, nylon, industrial sugars, robotics, CRISPR tech, drones, farm management systems, advanced computation, nanocellulose, digital biology, molecular engineering, crop yield enhancement, crop protection, biodiesel and renewable diesel, pyrolysis, advanced gasification, gas fermentation, electrofuels, organism optimization, genetic toolkits, novel oilseeds, vegan meats, milk without the cow, eggs without the chicken, nanotechnology, advanced imaging, advanced catalysts, advanced distillation & separation tech, directed evolution, advanced alcohols, high FFA tech, oil stripping, nitrogen fixation, legal strategies, mandates, tariffs, tax credits, first-of-kind financing, due diligence, risk assessment and mitigation, equity & debt structuring, offtake agreements, TOSCA approvals, GRAS and FDA processes, support available from government R&D, partnering for progress, process development from pilot to player, and more.

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Strategic Progress; The Digest’s 2018 Multi-Slide Guide to DSM

Biofuels Digest - Mon, 08/13/2018 - 11:00am

Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in Life Sciences and Materials Sciences, DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.

DSM is a frontrunner in creating bio-based and environmentally sound solutions within its Bio-based unit as well as through DSM Nutrition. The company focuses on enabling technology in biofuels and bio-based chemicals and materials made from renewable biomass, and demonstrating the commercial viability of these technologies in collaboration with strategic partners along the value chain.

DSM gave this corporate update as a part of its earnings report on the company’s progress, technologies, investments and direction.

Categories: Today's News

Strategic Progress: The Digest’s 2018 Multi-Slide Guide to Novozymes

Biofuels Digest - Sun, 08/12/2018 - 3:59am

Novozymes is a world leader in biological solutions. Together with customers, partners and the global community, the company supplies innovations to the world’s leading companies across 40 markets. Best known for industrial enzymes, the company is highly active also in agriculture, biomass conversion, ethanol production and more.

Here we have an illuminating look at Novozymes’ progress and promise, as seen in their most recent corporate presentation and latest (1st half 2018) financial results presentation.

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India launches new biofuel policy and plans for establishing 12 new biofuel refineries

Biofuels Digest - Sat, 08/11/2018 - 8:50pm

In India, Prime Minister Narendra Modi celebrated World Biofuel Day 2018 on Friday with the announcement that India will achieve 10% ethanol blending in petrol by 2022 and double it to 20% by 2030 as part of its new National Biofuel Policy. Modi also said that 12 new biofuel refineries will be established across the country and that 175 bio-CNG plants have already been set up in India.

He said India’s biofuel production will triple and that “now we will produce 450 crore litre of ethanol in next four years from existing 141 crore litre. It will result in import savings of Rs 12,000 crore,” according to India TV News.

India meets more than 80 per cent of its oil needs through imports but is aiming to decrease oil imports to save the country about Rs 120 billion ($1.74 billion) with the increased use of biofuels.

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Yeast can be protected from damage in biofuel production

Biofuels Digest - Sat, 08/11/2018 - 8:46pm

In Wisconsin, researchers from the University of Wisconsin–Madison and several Department of Energy laboratories identified two changes to a single gene that can make yeast tolerate pretreatment chemicals during biofuel production.

The toxicity involved in pretreatment chemicals is enough to make the yeast as much as 70 percent less efficient at turning sugar into biofuel, a crippling loss for an industrial process. But researchers looked at 136 yeast isolates and found one strain with outstanding tolerance to ionic liquids. They screened DNA sequences from this strain and identified a pair of genes key to surviving the otherwise toxic pretreatment chemicals. One of the genes, called SGE1, makes a protein that settles in the yeast cell membrane and works as a pump to remove toxins.

A change of just two individual nucleotides among more than 12 million that make up the yeast genome are enough to increase the production of those cellular pumps and protect yeast from ionic liquids. The researchers used the gene-editing tool CRISPR to alter a strain of an ionic liquid-susceptible yeast, introducing the two single-nucleotide changes and successfully producing a yeast that can survive — and ferment — alongside amounts of ionic liquid that are normally toxic.

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Ethanol production almost breaks industry record

Biofuels Digest - Sat, 08/11/2018 - 8:40pm

In Washington, D.C., ethanol production rebounded to an average of 1.100 million barrels per day (b/d)—or 46.20 million gallons daily, ballooning 35,000 b/d from the week before, according to government data released and analyzed by the Renewable Fuels Association. This marks the second-highest weekly volume produced by the industry, coming in at just 8,000 b/d below the record set last year on Dec. 1. The four-week average for ethanol production moved to the highest volume in 32 weeks at 1.075 million b/d for an annualized rate of 16.48 billion gallons. Stocks of ethanol were 22.9 million barrels. That is a 4.1% increase from last week, a substantial jump that expanded reserves to a 20-week high. There were zero imports recorded for the 35th week in a row.

Average weekly gasoline demand faded, receding 5.4% to a four-week low of 392.5 million gallons (9.346 million barrels) daily. This is equivalent to 143.27 billion gallons annualized. Refiner/blender input of ethanol eased 0.5% to 941,000 b/d, equivalent to 14.43 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 10.07%, up from 9.58% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production popped to a 23-week high of 11.77%.

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Brisk demand stimulates rapeseed oil price

Biofuels Digest - Sat, 08/11/2018 - 8:34pm

In Germany, UFOP reports that asking prices for rapeseed oil recovered considerably over the past few weeks. In contrast, palm oil fell to a multi-year low. German wholesale prices for vegetable oils developed very disparately in the second quarter of 2018.

According to Agrarmarkt Informations-Gesellschaft mbH (AMI), recent asking prices for rapeseed oil amounted to EUR 720 per tonne fob Hamburg. This translates to a rise of just about 12 per cent from this year’s mid-April lows. The surge was due to stable demand for biodiesel in the EU-28. In view of expectations for a small 2018 EU rapeseed crop, biodiesel producers were ready to pay significant premiums on rapeseed oil in order to get their hands on the commodity. In contrast, prices asked for palm oil gradually weakened, hitting a three-year low of EUR 493 per tonne cif Rotterdam at the beginning of August. The reason was weaker palm oil prices in Kuala Lumpur which recently fell significantly due to disappointing Malaysian export figures.

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Paper battery paves the way for energy storage in packaging

Biofuels Digest - Sat, 08/11/2018 - 8:30pm

In Sweden, BillerudKorsnäs and Uppsala University are making paper batteries a reality, paving the way for energy storage in packaging materials. They took basic research based on pure cellulose from algae and developed it to work with the same type of fiber that BillerudKorsnäs usually uses to manufacture packaging material. This development opens up for both inexpensive and eco-friendly batteries. The long-term aim is to enable large-scale production and the future use of paper batteries for applications in areas such as smart packaging.

“What’s special in this case is the model for collaboration between BillerudKorsnäs and Uppsala University that has resulted in technology adapted to large-scale production processes. We’re combining the deep theoretical expertise of the researchers with our understanding of innovation and production technology. By successfully creating a joint platform, we can focus our work on the future, on creating an advanced product that can still be produced in an effective way,” says Lars Sandberg, project manager for innovation at BillerudKorsnäs.

In the long term, the paper battery opens up possibilities for developing packaging that is both smart and more sustainable. Small paper batteries with sensors can in the future open up for packaging that can be traced through the entire transport chain.

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Impossible Foods highlights their impact and journey to 2035

Biofuels Digest - Sat, 08/11/2018 - 8:27pm

In California, Impossible Foods published their 2018 impact report highlighting their progress toward its founding goal of eliminating the need for animals as a food production technology by 2035. The company announced they are hiring a second shift of employees to double production at its first large-scale factory, in Oakland, California, and their flagship product, the Impossible Burger, is now served at more than 3,000 restaurants in the United States, Hong Kong and Macau — up from 40 restaurants one year ago. The company has raised more than $450 million in funding since the company was founded.

Impossible Foods makes meat directly from plants — with a much smaller environmental footprint than meat from animals. The company uses modern science and technology to create wholesome and nutritious food, restore natural ecosystems and feed a growing population sustainably.

CEO and Founder Dr. Patrick Brown said Impossible Foods is on track to eliminate the need for animals as a food production technology by 2035. The 2018 sustainability report, “Mission: Earth,” candidly charts Impossible Foods’ progress — including its biggest challenges — in the pursuit of its 2035 vision.

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Biofuels boosts Colorado’s alternative energy economy

Biofuels Digest - Sat, 08/11/2018 - 8:26pm

In Colorado, the state really stands out when it comes to biofuels with 5,900 workers involved in making fuels from corn and biomass, according to a new report from the business group Advanced Energy Economy. The alternative energy sector employs 3.2 million people in the United States, including 62,800 people in Colorado, with most of the jobs being on the installation and construction sides.

The biofuels category represents 9 percent of advanced energy employment versus only a 2.8 percent concentration nationally, Phil Jordan, vice president at BW Research in Wrentham, Mass., and the report’s author told the Denver Post. The report estimates Colorado will see an 8-percent gain this year in advanced energy jobs, assuming employers can find the workers they need and tariffs on solar panel and steel imports don’t derail installations.

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Andeavor to convert Dickinson Refinery to biodiesel

Biofuels Digest - Sat, 08/11/2018 - 8:18pm

In Texas, Andeavor announced a project to convert the Dickinson Refinery to process 12,000 barrels per day of renewable feedstocks, including soybean oil and distillers corn oil, into renewable diesel fuel. The project is expected to be completed in late 2020 and is subject to permitting and regulatory approval. Andeavor continues to execute its strategy of reducing regulatory compliance costs through the implementation of renewable fuels technologies that are compatible with existing vehicles and infrastructure, according to their press release.

This news comes on the heels of their merger agreement with Marathon Petroleum Corp. where MPC will acquire all Andeavor outstanding shares. According to their press release, “this transaction is expected to create a premier U.S. refining, marketing and midstream company, building a platform that is well-positioned for long-term growth and shareholder value creation. The transaction is expected to generate in excess of $1 billion of annual synergies within the first three years.”

The merger is expected to close on October 1, 2018, pending approval from both Andeavor and MPC shareholders. Andeavor has scheduled a meeting of its shareholders for September 24, 2018 to approve the transaction.

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From food waste to biobased

Biofuels Digest - Sat, 08/11/2018 - 7:59pm

“Eat everything on your plate.” “You can’t leave the table until that plate is clean.” “You know, there are starving kids that would love to have that food on your plate.”

Maybe you grew up hearing that many times. Maybe you snuck some of those yucky veggies to your dog. Maybe you even remember the Clean Plate Club, a campaign launched by the U.S. government in 1917 to ensure that the limited amount of food America had as a result of World War I didn’t go to waste, and to avoid food imports as much as possible. Using patriotism during the war, the “Clean Plate” campaign encouraged school children especially to not leave a scrap of food on their plate and to not eat between meals. As a way to ration and save food, it instilled in many of our parents and grandparents a mindset of “eat everything on your plate.”

But the war is over, food rationing is no more, and now we have the opposite problem. In a Supersized first world economy, portions have gotten bigger, our waistlines keep growing, and food waste has become a widespread issue.

About 1.3 billion tons of food is lost or wasted every year – an estimated one in three mouthfuls of food every day,” according to Alessandro Demaio, Chief Executive Officer of the Norway-based EAT, an international NGO engaged in the fight against hunger. “In poorer nations, this waste generally occurs pre-market. In wealthier countries, the majority of waste occurs after market, in supermarkets and in our homes.”

Food waste has become such a mainstream issue now that United Kingdom-based food tech company It’s Fresh! launched a food waste calculator to enable consumers to understand the true cost of the fruit and vegetables they discard.

It’s not just a U.S. problem either. Worldwide obesity has nearly tripled since 1975. 39% of adults aged 18 years and over were overweight in 2016, and 13% were obese. Most of the world’s population live in countries where overweight and obesity kills more people than underweight. Maybe the Clean Plate Club and your Mom telling you to eat all your food wasn’t such a good idea after all.

Solutions

So what can we do about all this food waste?

Since the supply chain is the biggest issue in poorer countries, better supply chain technologies like packaging and refrigeration could help alleviate food waste. Precision agriculture could also help tremendously. For wealthier countries, individuals can make a huge impact by just buying less, avoiding impulse buys, and going back to 1970’s food portion sizes instead of today’s supersized portions (.

While we can surely curb food waste, it probably will always still be there to some extent. So what do you do with the food waste that remains?

Scotland-based Celtic Renewables has a good solution for whisky residue anyway, turning it into biobutanol that can power a car.

Montana-based Blue Marble Biomaterials is creating advanced flavorings made from seemingly impossible materials, including a highly sought after U.S. and E.U. Natural version of bacon dithiazine (bacon flavor ingredient) made from food waste like old coffee grounds and spent grape pomace (the stems, skin, pulp, seeds leftover after juice pressing).

Ohio State University researchers discovered a way to use food waste as a replacement for fossil fuel based fillers used in tire manufacturing. Eggshells made the rubber larger surface area for better contact with the rubber, and tomato peels made the rubber more stable at higher temperatures, allowing these two food waste products to be flexible and resilient options to replace carbon black. This would allow the U.S. to rely less on importing carbon black or other rubber fillers from overseas, help deal with food waste issues, and help improve rubber tires’ properties and performance.

Tomato waste seems to be pretty useful with Italy-based BIOPROTO project which aims to create bioplastics from the tomato fruit peel residues. They are an abundant and inexpensive waste from processing tomato industries rich in polysaccharides (chiefly cellulose, pectin and hemicelluloses) and lipids (soluble waxes and a non-soluble long-chain biopolyester named cutin). These new bioplastics are biodegradable, use an inexpensive agro-waste (tomato peel), and the fabrication of these bioplastics and the use of tomato peels could generate new business and employment opportunities. Sounds like a win-win-win.

What about composting? Or landfills?

So why can’t we just compost all this food waste generated around the world? Well, there are several challenges presented with that, mostly an infrastructure that lacks composting facilities. Most cities and municipalities around the world don’t have composting facilities. Most people don’t do a backyard compost pile either. So other than launching a huge campaign to get people to start backyard compost piles (or for those in cities and apartments, indoor worm composting), we need to do something.

And why can’t the food waste just to go landfills? Methane gas is a big issue in landfills and food doesn’t adequately compost mixed in with all those plastics, metals and other non-biobased materials that take hundreds of years to decompose. In fact, if food waste is composted properly with access to oxygen (which doesn’t happen in a landfill), then it doesn’t emit methane at all…it emits carbon dioxide, much less toxic to our planet and our health than methane.

However, companies like California-based Fulcrum BioEnergy are making progress with what food waste does go to landfill, that something valuable still come out of it, like biojet fuel. Canada-based Enerkem is also turning trash to treasure with their waste-to-chemistry project in Rotterdam to be the first of its kind in Europe to convert municipal solid waste into methanol, ethanol and other widely-used chemicals.

Velocys enables modular gas-to-liquids and biomass-to-liquids plants to convert unconventional, remote and problem gas and waste biomass into valuable, drop-in liquid fuels. And most recently has repositioned from being a technology component supplier into initiating and drive the development of biorefineries from concept to full operations. By taking the lead in projects, they aim to reduce delivery risk and accelerate growth. At the same time, delivering modular, fully integrated, financeable, cost-effective and operations-ready biorefineries.

Velocys has also been making strides with technology that helps modular gas-to-liquids and biomass-to-liquids plants convert unconventional, remote and problem gas and waste biomass into valuable, drop-in liquid fuels. They’ve been working with big name companies like Red Rock Biofuels to get their technology in place and make the magic happen.

Bottom Line

Maybe you already work at a company that is leading the way in food waste innovations and turning what otherwise would be destined for a landfill into something valuable like tires or biofuel. Using food waste from production of tomato sauce for example is pretty neat since ther is no real way to not have some food waste when processing food, but as an individual, there is always more you can do as well. For example, curbing your own food waste wherever you go and bringing this issue to the attention of others can make an impact. Check out the NIH’s slideshow comparing how portion sizes changed from 20 years ago – that might just change your mind about what to put on your plate next time. Maybe we need to downsize instead of supersize.

In the meantime, check out the many documentaries now out there to see just how big of an issue food waste is today, like ‘WASTED! The Story of Food Waste,’ ‘Taste the Waste,’ ‘Just Eat It,’ ‘Expired: Food Waste in America’ and if you can stomach it, ‘Dive: Living off America’s Food Waste.’

 

Categories: Today's News

USDA announces opening of biorefinery loan guarantee program

Biofuels Digest - Thu, 08/09/2018 - 8:11pm

In Washington, the USDA announced the solicitation of applications for funds available under the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program to provide guaranteed loans to fund the development, construction, and retrofitting of commercial scale biorefineries using eligible technology and of Biobased product manufacturing facilities that use technologically new commercial scale processing and manufacturing equipment to convert renewable chemicals and other biobased outputs of biorefineries into end-user products, on a commercial scale. There will be two separate application cycles, as is provided which are application closing dates of 4:30 p.m. Eastern Daylight Time, October 1, 2018, and 4:30 p.m. Eastern Daylight Time, April 1, 2019.

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Brazil ethanol production continued to rise during H2 July

Biofuels Digest - Thu, 08/09/2018 - 8:10pm

In Brazil, Reuters reports that UNICA data shows ethanol production reached 2.6 billion liters during the second half of July compared to 2.39 billion liters during the first half of the month. In line with increased production, mills also sold 35% more ethanol during H2 July than during the same period last year at 1.5 billion liters. The total crush was also higher compared to the first half of the month at 47.34 million metric tons.

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European drought pushing biofuel feedstock prices higher

Biofuels Digest - Thu, 08/09/2018 - 8:09pm

Across Europe, Platts reports that the ongoing drought continues to push up ethanol feedstock prices from corn to wheat as stocks tighten ahead of a potentially small harvest in many parts of the region. With the drought also impacting feed availability for livestock in many regions, demand for DDG has also increased, helping to offset the tighter margins seen for ethanol production. With China rejecting US soybeans due to the ongoing trade spat, soybeans are helping to offset the tightness from limited rapeseed supplies as well.

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Indian Prime Minister to open World Biofuel Day celebrations in New Delhi

Biofuels Digest - Thu, 08/09/2018 - 8:08pm

In India, Prime Minister Narendra Modi will inaugurate World Biofuel Day celebrations in New Delhi on Friday, hosted by the Ministry of Petroleum & Natural Gas. The proposed participants in the programme are sugarcane and other farmers, scientists, entrepreneurs in biofuels, students of agriculture, science and engineering streams, Members of Parliament, Ambassadors, officers of Central & State Governments and companies involved in bio-energy sector, national and international media, and others. There will be separate interactive sessions on ethanol, bio-diesel, bio-CNG and 2nd Generation biofuels after the inaugural session.

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Indonesian ethanol producer floats IPO to fund second plant

Biofuels Digest - Thu, 08/09/2018 - 8:07pm

In Indonesia, Madusari Murni Indah plans to float 20% of its share capital in an IPO on the Indonesian Stock Exchange in search for $19 million in fresh capital that will let it finance a second, 70 million liter ethanol facility in Lampung (South Sumatra) as well as some additional ethanol storage in Lawang (East Java). Current production at its first facility is 80 million liters. Of the nearly half billion shares available for purchase, 80% will be reserved for domestic institutional investors.

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Philippine ethanol prices seen rising higher through Q4

Biofuels Digest - Thu, 08/09/2018 - 8:06pm

In the Philippines, Platts reports that on the back of higher prices for molasses in a tight sugarcane market, domestic prices for ethanol rose to a 19-month high in June at ($1,162/cu m) compared to imported ethanol at $465.09/cu m for CIF Philippines. Molasses is currently at a 10-month high. Prices are seen moving higher through to the fourth quarter when additional molasses supplies will be available after the sugarcane crush starts. Cane prices are also falling thanks to imports of sugar that are lowering sugar prices.

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