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Easing of US-China trade war could see DDGS and corn demand jump

Biofuels Digest - Mon, 02/25/2019 - 4:23pm

In China, Bloomberg reports that negotiations between the US and China to break the deadlock on the trade war could soon see results with an elimination of anti-dumping and anti-subsidy tariffs on DDGS that could go a long way towards easing the trade balance sheet for corn that has suffered significantly from the dispute. President Trump believes “a lot of corn” could be one of the things Beijing is looking for in the short term but ethanol wasn’t specifically mentioned. The soybean balance sheet isn’t seen benefiting as much from an easing of tensions, however.

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Green for the Common Man

Biofuels Digest - Mon, 02/25/2019 - 3:55pm

By Douglas L. Faulkner, “The Cleantech Conservative” & Gerard J. Ostheimer, Ph.D.

Special to the Digest          

Out of the climate change cacophony, two notes that ring true for us are:  1) No climate fixes can be made without improving the lives of those in distressed rural areas; and, 2) Bio-based fuels and chemicals are needed to spur de-carbonization of the transportation sector.

The much publicized “Green New Deal” introduced recently as House Resolution 109 started off on the right foot by aspiring to “achieve net-zero greenhouse gas emissions through a fair and just transition for all communities and workers”. Unfortunately, this clarity of purpose is promptly abandoned for a muddled laundry list of conflated social and environmental goals, including “high-quality health care” and “affordable, safe, and adequate housing”.

Although short on details, HR 109 calls specifically for “working collaboratively with farmers and ranchers to remove pollution and greenhouse gas emissions from the agricultural sector” and for “overhauling transportation systems in the United States to remove pollution and greenhouse gas emissions from the transportation sector”. Given this language, one might think that the Green New Deal is arguing for a bioeconomy moonshot. Instead, it seeks to power and fuel everything with renewable electricity:  it is silent about renewable liquid fuels, chemicals and materials for a genuinely circular economy.

The disconnect between the Green New Deal’s ambition and its failure to support a vibrant national bioeconomy is jarring in and of itself, let alone its blatant call for the federal government to seize control of the means of energy production and use.  Industry instead should take the lead with government support in fixing the problematic transportation sector with common sense and proven approaches.  This would both legitimately reduce carbon emissions right now and also offer real hope to hard-hit rural communities.

Sometimes, in the aspirational world of global energy and environmental policymaking it is necessary to step back and do a “reality check”.  Real progress has been made in reducing carbon emissions from the utility sector in the developed world, but not so much in the transportation sector.  Electric vehicles for personal use – though growing fast – are starting from a tiny base and will not make a significant dent in carbon emissions for decades, especially in the developed world.  Biofuels can be a bridge to a lower carbon world, if scaled up dramatically, but they are now blocked by regulatory and other barriers from making a real contribution to reducing CO2 emissions.

Meanwhile, there are demonstrably vast resources of renewable carbon: crop and forest residues and municipal solid wastes are available along with idle rural infrastructure and workers.  At the least, these bioenergy solutions belong side-by-side with priorities in electrification and energy efficiency.  Today, there are only five wood-to-fuel projects under way in North America.  That’s a drop-in-the-bucket compared to the potential to generate sustainable fuel distillates for heavy vehicles to jets to ocean shipping, where rapid electrification is not a viable option.  The seeds of widespread growth of private-public partnerships have already been planted – now they need nurturing.

What will it take to rapidly ramp up to the Golden Age of Bioenergy?  Many of the tools are already in place in the U.S., for example, through the Biomass Research and Development Act of 2000 and the Renewable Fuels Standard, but they need to be amply supported by reductions in red tape, focused appropriations and a renewed sense of purpose.  Progress does not need massive new taxes and federal control of the economy.

The private sector has to lead the way in the right eco-system of taxes, regulations and policies that provide incentives for growth, promote sustainable production, and show rural workers and communities that change is on the way.

Signs of a new direction for the bioeconomy are indeed sprouting.  For example, the U.S. federal Biomass Research and Development Technical Advisory Committee (Doug co-chairs) has recommended changes in regulations to unleash advanced biofuels in America and has begun an assessment throughout 2019 for protecting and sustainably using forests, dubbed “The Year of the Tree.” The International Energy Agency continues to advocate for the positive role that bioenergy can and will play as a global source of renewable energy.

Restoring dashed hopes and dreams in rural communities doesn’t usually rank high among the considerations of the Davos elite as they contemplate energy and environmental issues – but they should.  Any new directions in green policy, including bioenergy, need to take “political sustainability” into strong account.  Around the globe, examples abound of voter rebellion against government actions that hurt their standards of living and undercut their opportunities, especially in hard-pressed rural areas.  For example, a new tax on liquid transport fuels in France was the spark that ignited the long-simmering discontent of those in rural areas to take to the streets in their “yellow vests”.  In contrast, we strongly believe that government policies that boost the use of forest and crop residues for making liquid fuels and everyday products can add cash to workers’ pocketbooks, reduce carbon emissions – and prove politically durable.

So, cue Aaron Copland’s “Fanfare for the Common Man” and chant with us:  build some plants, give some hope, save some trees and clean up the environment.  It’s really time for a real change!

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Mass Transfer: The Digest’s 2019 Multi-Slide Guide to Gas Liquids Fermentation Agitation Strategies

Biofuels Digest - Mon, 02/25/2019 - 3:52pm

Lee Enterprises Consulting is the world’s largest bioeconomy consulting group with over 100 subject matter experts (SME’s) in all areas of the bioeconomy.

Gregory Benz, from Benz Technology International and a member of Lee Enterprises Consulting, offers this illuminating overview of gas-liquid fermentation, agitation, and more

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New webinar announced, “Maximum value from lignin” on the new wave in biobased materials

Biofuels Digest - Sun, 02/24/2019 - 9:14pm

In Tennessee, a free webinar with speakers from MetGen, Metsä Fibre, and the University of Tennessee will take place Tuesday, February 26th on “”Maximum value from lignin”.  The organizers note: “Enabling a paradigm shift from petroleum and change over to renewable biomass, the new fractionation technologies of lignin allow the entire biomass to be utilized.”

Slated among the topics are controlled fragmentation, polymerization, depolymerization, and activation that allow the use of lignin in products such as paints, adhesives, artificial fibers, fertilizers, pesticides and naturally, plastics. The webinar will take place at 5am EST and can be joined on-demand afterwards.

Registration is free for webinar, and can be accessed here.

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Biomass Separation Technology: The Digest’s 2019 Multi-Slide Guide to Attis Industries

Biofuels Digest - Sun, 02/24/2019 - 1:38pm

Attis Industries is a diversified company focused on innovation and technology including renewable fuels, bio-based plastics, healthcare and communications infrastructure.

At a recent investor meeting, Attis offered this illuminating overview of their proprietary biomass processing technology, Attis’ renewable fuels,  investment highlights, diversifications, existing laboratory operations, developing technologies, and more

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Study shows biogas from food industry waste can be profitable

Biofuels Digest - Sat, 02/23/2019 - 10:38am

In Sweden, researchers from Linköping University conducted a study that concluded that huge gains can be made by using waste from the food industry for biogas production, no matter whether the biogas is used in vehicles or to produce electricity and heat.

“Much of the waste is used as animal fodder, and some goes to compost or combustion”, says Emma Lindkvist, doctoral student in the Division of Energy Systems, who also works at the Swedish Biogas Research Center, BRC, at Linköping University.

They selected five regions in which to investigate the Swedish food industry and “We then analysed three scenarios: to continue as before, to produce biogas upgraded to vehicle fuel, and to produce biogas for electricity and heat production. And we looked at economic, environmental and energy profitability”, says Emma Lindkvist.

They also analysed a scenario in which the system contains significant amounts of wind power, and another in which the electricity and heat produced from biogas replaces that produced from coal.

“In all three perspectives, biogas is the better alternative. In four of the five cases, biogas that has been upgraded to vehicle fuel gives the highest economic gains. In the fifth case, biogas was profitable, but continuing to use the previous system was significantly more profitable. This is because the biogas potential in the waste is lower here than in the other cases.”

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Indonesia’s two presidential candidates both psuh for palm oil-based biodiesel

Biofuels Digest - Sat, 02/23/2019 - 10:36am

In Indonesia, both presidential candidates, Joko Widodo and Prabowo Subianto, pushed for increasing the production and consumption of palm oil in their recent presidential debate. Both the incumbent President and the challenger said that increasing the use of palm oil in biofuels will help the country reach self-sufficiency and rely less on imports for energy and fuel.

As the world’s largest producer of palm oil, current President Widodo has been pushing for the current biodiesel level of 20% at the pump be increased to 30% by 2020. The hope is to lower the amount of palm oil leaving the country in exports to help lower the amount of imports coming in for fuel.

During the debate, Widodo said he was ultimately aiming for 100 per cent biodiesel, or B100, from palm oil feedstock. “The plan is clear, so that we can reduce our dependence on imported oil,” he said, according to Eco-Business.com.

Prabowo also said he planned, if elected, to boost the use of palm oil in diesel, as well as develop ethanol fuels from palm sugar, cassava and sugarcane, according to Eco-Business.com.

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First-Quarter Soybean Stocks Are Up Sharply

Biofuels Digest - Sat, 02/23/2019 - 10:35am

In Washington, D.C., in its Crop Production—2018 Summary report this month, USDA estimated the 2018/19 U.S. soybean crop at 4.544 billion bushels, a decline of 56 million from the previous estimate. The crop, coupled with a large September 1 carryover, swells total supplies for 2018/19 to a record 5 billion bushels. The U.S. export forecast for 2018/19 is trimmed 25 million bushels this month to 1.875 billion. But a higher forecast crush and a reduced crop contributed to a modestly lower outlook for season-ending soybean stocks at 910 million bushels.

USDA’s forecast of Brazil’s 2018/19 soybean production is lowered by 5 million metric tons this month to 117 million. For Argentina, a smaller sown area due to wetness-related planting delays leads to a 500,000-ton reduction in the 2018/19 production forecast to 55 million tons.

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Sleight To Retire As U.S. Grains Council President And CEO

Biofuels Digest - Sat, 02/23/2019 - 10:34am

In Washington, D.C. U.S. Grains Council President and CEO Tom Sleight will retire this summer following the appointment of his successor. Sleight has worked with the Council for a total of 25 years.

“I have done what I intended to accomplish, and as I move forward to this new phase of my own life, I am confident the Council is headed in the right direction and poised for continued growth as a relevant, innovative and impactful organization,” Sleight said.

“Sleight leaves with the organization on firm footing and with expansion on the horizon,” according to the press release. “The Council was recently awarded nearly $14 million from the U.S. Department of Agriculture’s (USDA’s) Agricultural Trade Promotion (ATP) Program; was also recently awarded an increase in funding from USDA’s hallmark market development programs, the Market Access Program (MAP) and Foreign Market Development (FMD) program; and enjoys strong support from its growing membership.”

“The Board of Directors of the Council has been preparing for this transition for some time, and we have a strong global team in place that Tom has conscientiously built to be able to take on the challenges of a dynamic market development portfolio,” said Jim Stitzlein, chairman of the Council’s Board of Directors.

Stitzlein has appointed a search committee comprised of representatives from its diverse membership, including the corn, sorghum, barley, ethanol and agribusiness sectors.

 

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BASF invests in Alchemist Accelerator for chemical industry growth

Biofuels Digest - Sat, 02/23/2019 - 10:32am

In California, BASF Venture Capital is investing $2 million into Alchemist Accelerator’s fund, allocating at least half towards investments in 3D printing, agtech, material informatics, nutrition, and technology game-changers. This investment supports BASF’s strategy to leverage digital technologies to drive business growth.

“Alchemist has built a strong reputation for attracting the best in the digital ecosystem. We are thrilled to officially join Alchemist as a Limited Partner”, said Markus Solibieda, Managing Director at BASF Venture Capital. “Digitalization represents unprecedented opportunities to create value for our customers and develop new business models. By investing in a digitally-focused fund, we promote innovations at the intersection of chemicals and technologies like artificial intelligence, internet of things and robotics”, Solibieda continued.

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Eastman partners with C.L.A.S.S. for biobased fashion

Biofuels Digest - Sat, 02/23/2019 - 10:31am

In California, global specialty materials provider Eastman, the maker of sustainably-sourced Naia cellulosic yarn, announced a new partnership with Milan-based C.L.A.S.S. (Creativity Lifestyle And Sustainable Synergy). Naia joins C.L.A.S.S. to support the fashion industry’s shift toward the “circular economy.”

Eastman demonstrated its dedication to sustainability at Première Vision by showcasing the sustainable production process of Naia – from responsibly sourced wood to end of life – using recyclable wood in the construction of the booth and creating a one-of-a-kind sustainability-themed dress made from fabrics of partner mills also exhibiting at the show.

Naia is made with wood sourced from sustainably managed pine and eucalyptus plantations and forests and has recently been certified as biodegradable in freshwater, having received the OK biodegradable WATER conformity mark from TÜV AUSTRIA. In developing Naia, Eastman takes into account the entire lifecycle, from responsible sourcing to end-of-life disposal.

The yarn is produced in a closed-loop production process where safe solvents and water are recycled and reused, ensuring a low tree-to-yarn carbon and water footprint.

“C.L.A.S.S. empowers global partners to take steps toward a circular economy,” said Priya Kalsi, Eastman segment market manager of Textiles. “For Eastman, that means providing access to sustainable fabrics featuring Naia for designers and fashion students to foster their creativity.”

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Neste to change its organization and composition of the Executive Committee

Biofuels Digest - Sat, 02/23/2019 - 10:30am

In Finland, Neste Corporation decided to renew its organizational structure to drive the successful execution of its global growth strategy in renewable products. Neste’s growing Renewable Products business area will be divided into three business units and one operational platform each of which has its own Executive Vice President responsible in Neste’s Executive Committee: Renewable Road Transportation, Renewable Aviation, Renewable Polymers & Chemicals, and the Renewables Platform.

“Neste has become a global leader in renewable products produced from waste and residues. We see further growth opportunities and demand for renewable and circular solutions not only in road transport but also in aviation, and the polymers and chemicals value chain”, says Neste’s President and CEO Peter Vanacker.

“By redesigning our organization and executive-level positions, we want to ensure that we are able to deliver sustainable, renewable solutions to our customers even more efficiently. I am confident that this change will enable a faster and bolder execution of our global growth strategy and thus, help Neste to achieve both profitable growth and sustainability aspirations”, continues Vanacker.

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NEXT Renewable Fuels buys 25 acres for renewable diesel project

Biofuels Digest - Sat, 02/23/2019 - 10:28am

In Oregon, NEXT Renewable Fuels agreed to purchase a 25-acre parcel at the Port of Columbia County’s Port Westward Industrial Park in order to start building their renewable diesel project. NEXT will supply the West Coast with its Advanced Green Diesel, creating emissions savings equal to removing 1 million vehicles from the road. Scheduled to open in 2021, this state‐of‐the‐art facility will eventually employ more than 200 skilled workers on site and will position Oregon as a leader in advanced biofuels production.

“We are extremely pleased to be working with the Teevin team on our renewable diesel project and happy to have secured the land that will allow us to start filing permits,” said Lou Soumas, president of NEXT Renewable Fuels.

The land is zoned industrial and was purchased from Teevin Bros, a local material handling and timber company.

NEXT is focused on the development and production of second‐generation advanced biofuels, including renewable green diesel, renewable propane and renewable naphtha to supply contracted off‐take agreements for customers in the western United States and Canada. Advanced Green Diesel is a second-generation biofuel, meaning it is a drop-in replacement for fossil fuel-based diesel.

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Proud papa DSM transfers Biosuccinium to Roquette, dissolves Reverdia JV

Biofuels Digest - Sat, 02/23/2019 - 9:47am

In the Netherlands, there is a big change coming for bio-succinic acid production, a graduation of sorts for Biosuccinium. Since 2012, Reverdia’s parent companies — Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, and Roquette, a global leader in plant-based ingredients for Food, Nutrition and Health markets, — have been producing bio-succinic acid with the trademark name Biosuccinium under a joint venture agreement. But that’s all about to change as they decide on a strategic shift in the continuing operations of their joint venture and dissolve it.

What is bio-succinic acid?

First, a quick primer on what it is. Bio-succinic acid is a platform molecule – a dicarboxylic acid – with applications in a range of large-volume markets. The name derives from Latin succinum, meaning amber, which may remind you of the company called BioAmber, a producer of biosuccinic acid that closed down last year, as reported in The Digest.

It can be used as a precursor to polymers, resins, solvents and is used in the automotive and electronics industries quite a bit and can also be used as a food additive, flavoring agent, and dietary supplement.

Biosuccinium – the Reverdia trade name version – is the first non-fossil feedstock derived chemical building block that allows customers in the chemical industry to choose a bio-based alternative with a lower eco-footprint for a broad range of applications, from packaging to footwear, according to their website.

“While current markets for succinic acid include pharmaceuticals, food, flavor, coatings, pigments and metal plating, we believe that the production of high-quality, biobased succinic acid like Biosuccinium will trigger new applications and open up new markets.”

“These include the production of biobased polyurethanes, polybutylene succinate (PBS), plasticizers, composite and coating resins, solvents, 1,4 butanediol and Tetrahydrofuran (THF) for usage in many end-user products like packaging, footwear, elastane clothing, shopping bags, mulch films, automotive interior and more.”

Check out “Succinctly succinic: The Digest’s 2018 Multi-Slide Guide to Reverdia and bio-succinic acid” for more.

The details

Effective 1 April 2019, the joint venture Reverdia will be dissolved and the partners will transfer the rights and obligations related to Reverdia’s Biosuccinium plant in Cassano, Italy to Roquette. Under a non-exclusive license from DSM, Roquette will operate the plant and continue serving customers of Biosuccinium. Customer service, order processing, and marketing and sales will be integrated into Roquette’s existing business to ensure a smooth transition.

DSM, the original developer of the Biosuccinium technology, will become the exclusive licensor to strategic customers and other third parties interested in the integration of the Biosuccinium production process into their value chains.

Why?

So why is DSM dissolving the joint venture and moving away from bio-succinic acid? It’s all about moving a product past the start-up stage to commercial stage and then letting others take care of it. Kind of like having a baby – you nurture it, feed it, take care of it but one day it’s a big kid going off to college on its own and you have to say fly little birdy out of the mama and papa nest to live your own adventures.

The official statement: “DSM’s technology has matured to a point where the roll-out potential is significant enough to warrant a focused effort on licensing.”

Atul Thakrar, President of Bio-based Products and Services at DSM said, “The Reverdia joint venture has proven Biosuccinium technology to be the most sustainable and competitive bio-succinic acid on the market today. We have gone well beyond the start-up phase and the Biosuccinium brand will continue to grow under the leadership of our partner Roquette. This is an example of DSM doing what it does best — establishing market-leading technologies and commercializing them.”

“After the success of the collaboration with DSM through the joint venture, we will integrate the Biosuccinium product line within our global business organisation. Our sales force will continue to support our customers’ growth,” says Bruno Plancke, Vice President of the Industry Global Business Unit at Roquette.

DSM focusing on other things

The dissolving of the Reverdia joint venture is interesting for DSM as they have several other recent announcements that show they are focusing on other things and letting Roquette take over on Biosuccinium.

DSM recently joined the Renewable Fuels Association (RFA) as a member and DSM is now starting up the first-of-its-kind on-site manufacturing of enzymes to supply Project Liberty – the joint venture with POET that is focused on advancing the production of cellulosic ethanol from various feedstocks.

“DSM is excited to join the RFA. We are passionate about biofuels and continuing to work with the organization, members and stakeholders to support the industry and bring higher performance, robust solutions to the marketplace,” said Hans van der Sluijs, business director DSM Bio-based Products and Services.

Another recent announcement is that DSM Venturing, Royal DSM’s investment arm, is investing in skin microbiome research – more specifically, it made an equity investment in skin microbiome company S-Biomedic NV, a Belgium based Life Sciences company pioneering a new approach to cosmetic and therapeutic potential of the skin microbiome. This investment completes S-Biomedic’s latest Series A financing round.

This investment underlines DSM’s interest in the skin microbiome, an area it has identified as having significant growth potential. DSM already holds a strong position in gut microbiome research and solutions with its Culturelle product range.

DSM Venturing has invested in more than 50 emerging innovative companies since its inception in 2001 and its current portfolio covers various industries. “DSM welcomes open innovation, as our history of investing in start-ups and taking on the role of incubator shows,” comments Rob Beudeker, Investment Director at DSM Venturing.

Bottom Line

So as DSM focuses on other areas to nurture and grow, like cellulosic ethanol and skin microbiomes, it is saying goodbye to biosuccinic acid as it graduates from beyond start-up to commercialization and moves on to its next adventure. We see this as a big move for DSM in that while it retains its role as exclusive licensor to it, it is a proud papa realizing there are some things you watch grow and then let go of so it can reach its next phase in life.

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Mabus in two upcoming appearances to advance efforts on sustainable aviation fuels

Biofuels Digest - Fri, 02/22/2019 - 6:01am

In Washington, former US Secretary of the Navy Ray Mabus will be appearing as a keynote speaker at the Washington Sustainable Aviation Fuels Summit taking place March 7-8 in Seattle, and will also keynote the opening day of ABLC in Washington DC on April 3rd. The long-serving Navy Secretary was instrumental in backing a Great Green Fleet that would give the US Navy more operational flexibility in their fuel supply and conserve electrical energy as well. The Navy was instrumental through its demonstration and fuel purchasing program in driving down the cost of sustainable marine fuels from $25 per gallon (at the time of their first small, experimental testing buy) to $2.07 per gallon by the time he left office.

At the two-day Washington Sustainable Aviation Fuels Summit, you will hear from national leaders on engaging and aligning the entire sustainable fuels value chain as we bring Washington’s most innovative industries together to develop a local supply chain of clean and sustainable fuels for aviation. LanzaTech CEO Jennifer Holmgren and former Deputy Undersecretary of the Navy Tom Hicks are among other luminaries who will gather in Seattle for the session which is being driven by the Port of Seattle’s ambitions to green its fuel supply.

More on the Washington Sustainable Aviation Fuels Summit here.

 

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Grow your own bioplastic home, avocado-pit bioplastic, Arla and UPM’s wood-based dairy packaging, PHA bioplastic water bottle and more: The Digest’s Top 10 Innovations for the week of February 20th

Biofuels Digest - Thu, 02/21/2019 - 4:37pm

The pace of bioeconomy invention and change continues at a frenetic pace. Here are the top innovations for the week of February 20th.

In today’s Digest, grow your own bioplastic home, avocado-pit bioplastic, Arla and UPM’s wood-based dairy packaging, PHA bioplastic water bottle — these and more, ready for you now at The Digest online.

#1 Arla to bring 40 million wood-based packages into supermarkets

In Finland, Arla has been the first company in Finland to use renewable wood-based bioplastics in gable top paperboard cartons for milk, yogurt and cooking products. The tall oil-based raw material is a Finnish innovation by UPM.

“When we have a liquid product such as milk, a thin plastic film is needed inside the carton for reasons of product safety and shelf life. In our new packaging, the source of plastic is now even more responsible because it is made of wood-based raw material,” says Arla’s Brand & Category Manager, Sanna Heikfolk.

Bioplastic is well suited to dairy product packaging as it has the same technical characteristics as the conventional plastic used in cartons. Like the old material, the new packaging can be recycled with cardboard.

UPM’s Lappeenranta biorefinery utilises tall oil that is a residue of pulp production in the raw material for the new bioplastic cartons. The packaging is made by Elopak, and the Dow Chemical Company is also involved in the collaboration. The use of wood-based bioplastics in Arla’s gable top cartons reduces the need for fossil-based plastics by 180,000 kilogrammes per year while also reducing the packaging’s carbon footprint by about a fifth.
More on the story, here.

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S&P Global Platts looks to revise methodology for Chicago Argo ethanol prices assessments

Biofuels Digest - Thu, 02/21/2019 - 4:35pm

In Illinois, following a period of industry consultation, S&P Global Platts announced a proposal to revise the methodology for its Ethanol Chicago (terminal) price assessment to expand the delivery (offtake) options to include barge, rail and truck loading, effective May 1, 2019.

“By this proposal, we will expand delivery options for our Ethanol Chicago price assessment, reflective of the extensive feedback we received from market participants through our hosted events, in-person discussions and other dialogues. Ensuring the benchmark continues to evolve with the marketplace and providing the optionality that market participants need for logistics flexibility are key components of our active stewardship of the price assessment processes we conduct. An added benefit of the methodology changes will be the potential for enhanced market activity underpinning the price assessment,” said Ian Dudden, Global Content Director, Metals & Agriculture, S&P Global Platts.

The basis of the S&P Global Platts Ethanol Chicago Argo Ethanol price assessment would remain Intertank Transfer (ITT) at the Kinder Morgan (KM) Argo fungible system. Under the proposed change, the option to take delivery of product other than by ITT in the KM fungible system will be at the buyer’s option, and all incremental costs associated with the chosen offtake option would be borne by the buyer. A seller should not unreasonably withhold any offtake option and any associated costs for non-ITT offtake options must be demonstrably reasonable and typical.

S&P Global Platts is also proposing to revise the standards of incrementablity for its Ethanol Chicago (terminal) assessment during the Market-on-Close (MOC) price assessment process, to better reflect current trading and pricing granularity. Platts is proposing that effective May 1, bids and offers may be improved by a maximum of 10 points per 15 seconds, from the current 25 points per 30 seconds.

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Liverpool’s giant 90-ton fatberg has a future as biodiesel

Biofuels Digest - Thu, 02/21/2019 - 4:34pm

In the UK, an 84-meter long, 90-metric ton fatberg has been found in the sewers of Liverpool which will be converted into biodiesel after removal and elimination of objects like wet wipes. After failing to remove it with high pressure water guns, it will now have to be removed manually using pickaxes and shovels, an operation that will cost $130,000 and eight weeks of work. The utility did not identify who would process the fatberg into biodiesel by Argent Energy.

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Singapore’s USP Group sells Biofuel Research to JV

Biofuels Digest - Thu, 02/21/2019 - 4:33pm

In Singapore, USP Group Limited announced that it has entered into a non-binding term sheet with AJ Shanaya Venture Pte Ltd, a company jointly owned by the founders of AJ Jetting Pte Ltd and Shanaya Environmental Services Pte Ltd, to sell its subsidiary company, Biofuel Research Pte Ltd to them. Biofuel Research Pte Ltd is one of the first companies in Singapore to pioneer proprietary technology to convert waste oil to biodiesel. AJ Shanaya Pte Ltd is interested to acquire 100 per cent of Biofuel Research Pte Ltd for a consideration of S$6,000,000. As the Group holds 93.09% of Biofuel, the potential proceeds due to the Group is S$5,590,000.

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SVPGlobal buys White Energy ethanol plant and gluten facility

Biofuels Digest - Thu, 02/21/2019 - 4:32pm

In Texas, Strategic Value Partners and its affiliates (“SVPGlobal”) announced an agreement to purchase food ingredient and ethanol businesses from White Energy. The purchase includes two integrated plants in Russell, Kansas: the nation’s largest vital wheat gluten manufacturing facility and one of the nation’s most cost-efficient ethanol production facilities.

With an annual production capacity of 56 million pounds, the Russell gluten facility is the largest North American producer of vital wheat gluten, a plant-based protein used as an ingredient in a number of attractive and high-growth food markets including baked goods, pet foods, and vegetarian and vegan foods. Russell’s premier food ingredient products, which will continue to be sold under the Heartland brand name, are purchased by many of the most iconic companies in the food and beverage industry.

The Russell ethanol facility, with a production capacity of 55 million gallons per year, is uniquely designed to consume the starch by-products generated at the adjacent gluten facility. As a result of that highly-efficient manufacturing process, the plant achieves some of the lowest unit costs in the ethanol industry, and is also rated as having the lowest carbon footprint of any facility of its kind in the United States by the California Air Resources Board. As a result, its production is sent to premium clean fuel markets where the plant receives attractive carbon credits.

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