You are here

Biofuels Digest

Subscribe to Biofuels Digest feed
The world's most widely-read advanced bioeconomy daily
Updated: 2 hours 7 min ago

Eni teams with RenOils to collect UCO for biodiesel production

Tue, 02/19/2019 - 5:49pm

In Italy, Eni and RenOils, the Italian national vegetable and animal oils and fats Consortium established in 2016 to ensure the correct management of the collection, transport, storage, processing and reuse of vegetable oils and animal fats, signed a collaboration agreement to promote the recovery of used vegetable oils.

Eni currently makes use of approximately 50% of the used cooking oil available in Italy and, in part thanks to RenOils-member regeneration companies, will extend its capacity to produce high-quality biofuel from this waste in the company’s bio-refinery in Venice, at Porto Marghera, and soon also in Gela.

A letter of intent was signed today by Giuseppe Ricci, Eni Chief Refining & Marketing Officer, and Ennio Fano, President of RenOils. It also includes information and environmental education campaigns to convey the benefits of reusing oil to produce fuel as an alternative to fossil fuels and awareness-raising projects for trade associations and consumer and environmental associations.

The goal is to increase collection and proper disposal, since used oils from households are currently wasted almost entirely. Around 75,000 tonnes of waste food oil were collected in 2018, almost exclusively from the food service and industrial sectors, which represent just 25% of oil produced in Italy, which in turn totals around 280,000 tonnes per year.

Categories: Today's News

Cortus Energy teams with Swedish Biofuels to produce bio-jet from forest waste

Tue, 02/19/2019 - 5:48pm

In Sweden, Cortus Energy AB (Publ) and Swedish Biofuels AB (SB) have agreed in a preliminary agreement about cooperating with the goal of during 2019, jointly projecting a first commercial plant for production of bio-jet fuel based on forest raw material and alcohols for the Arlanda airport needs.

Initial contacts around land, logistics, fuel and licensing has been taken during the winter. Cortus and SB’s joint facility for bio-jet fuel will be first of its kind and with a great global market potential. SB’s bio-jet fuel now complies with current standards jet fuel, and it has been successfully tested by the US and Swedish defense forces and for civil aviation over the past ten years.

In addition to green jet fuel, the plant will be able to produce other valuable products such as liquid transport fuels and chemicals. The technology planned for the plant is a combination of Cortus WoodRoll® process and SBs catalytic process for bio-jet fuel. The WoodRoll® process converts wood into synthesis gas which, along with alcohols, is the raw material for SB’s catalytic process for green jet fuel.

Categories: Today's News

Record molasses prices boosts Philippine ethanol price to $1,165/cu m

Tue, 02/19/2019 - 5:47pm

In the Philippines, Platts reports Sugar Regulatory Agency data shows record molasses prices pushed domestic ethanol prices to $1,165/cu m during the first half of February. Molasses prices rose to $194.85/mt during the first half of the month bringing ethanol prices to an equivalent of $0.83/liter. Sugar prices also rose during the period to $588.2/mt, leading to equivalent ethanol prices of $0.54/liter. Landed CIF Philippines ethanol was $454.67/cu m during the period but the national blending policy limits the amount of imports in order to support the domestic industry.

Categories: Today's News

Green Earth Institute aims to produce green chemicals from oil palm waste in Malaysia

Tue, 02/19/2019 - 5:46pm

In Japan, Green Earth Institute plans to start producing high value chemicals— alanine and valine—from oil palm waste using its technology in a Malaysian trial by 2022 with hopes of partnering with companies such as Sime Darby. Empty fruit bunches will be used but also palm trunks. GEI, started in 2011 with funds from the University of Tokyo and Malaysia’s PNB Group, says it needs about 100,000 metric tons of palm trunks for a commercial facility to be profitable.

Categories: Today's News

Brazilian sugar mills seen being more responsive to sugar and ethanol prices

Tue, 02/19/2019 - 5:45pm

In Brazil, Reuters reports that Louis Dreyfus believes flexible sugar mills that can easily switch between sugar and ethanol will likely make the shift faster this next season than in previous seasons, leading to “dramatic” shifts in production of either product as mills become more pragmatic in their decision making. Alvean believes that sugar prices are already at the tipping point where the heavy focus on ethanol production may start to shift, predicting a small surplus during 2019/20 while others are expecting a small defict.

Categories: Today's News

Circular Economy Mapping Tool for Wales launched

Tue, 02/19/2019 - 5:44pm

In UK, commissioned by WRAP Cymru, Anthesis has developed this user-friendly Circular Economy Mapping Tool for Wales – a useful resource for those operating within the Welsh bioeconomy; particularly food and drink producers and processors. It provides an interactive, visual representation of the extent of Wales’ thriving bioeconomy, plotting where different types of businesses are located across the country and where there are clusters. There are also multiple options to find out much more.

Users can:

  • • Explore the number of businesses by industry, region and employee band size
  • • Get an understanding of major waste types and quantities, according to business activity
  • • See the economic projections for employment, Gross Value Added (GVA) and turnover to 2030 for the sector.

The tool is intended to assist WRAP Cymru in driving greater collaboration between the many organisations that Wales’ bioeconomy is comprised of.  It is hoped that it will act as a starting point for facilitating synergies that will allow for more efficiencies to be achieved; ultimately, increasing the circularity of the Welsh bioeconomy.  It provides businesses with the ideal opportunity to further enhance their understanding of the space that they are operating in, and to build useful connections.  For example, bakeries could look to establish relationships with breweries that might want to turn excess bread into beer.

Categories: Today's News

McGill University researchers produce methanol from ethanol using sunlight

Tue, 02/19/2019 - 5:43pm

In Canada, Science magazine reports that researchers from McGill University have developed a method of producing ethanol from methanol by using sunlight. Using gallium nitride nanowires “spiked” with magnesium as a catalyst, following successful results producing benzene from methane gas using the same technology, they were able to absorb UV rays from sunlight, negatively charging their coils that rips water molecules from methanol, creating methyl carbene. Those methyl carbene molecules then combine with methanol to create ethanol.

Categories: Today's News

Republicans furious EPA chief rejected proposal to cut ethanol blending

Tue, 02/19/2019 - 5:42pm

In Washington, Reuters reports that the acting administrator of the Environmental Protection Agency rejected a staff proposal last December that would have cut the biofuel blending mandate, a move that has enraged Republicans and threatened their votes in the Senate confirmation hearing that would make the acting administrator the permanent one. The proposal sought to cut ethanol blending to 14.3 billion gallons per year through 2023 when the Renewable Fuel Standard expires from the current 15 billion gallons.

Categories: Today's News

Risks in the Climate Finance Markets

Tue, 02/19/2019 - 5:40pm

By Michael Newman, Chief Operating Officer, Parhelion Underwriting Inc.

Special to The Digest

Risks often act as barriers to investment and trading in the climate finance market – the systems designed to reduce greenhouse gas emissions such as the Renewable Fuel Standard (RFS), California’s Cap & Trade and Low Carbon Fuel Standard (LCFS) – because Federal and State programs have created areas of uncertainty. The risk of invalidation of credits and the political pressures that threaten to repeal the legislation worry market participants – but insurance risk capital can be used to mitigate these concerns and in fact already works successfully in several markets. One example of this is in the California program, where “buyer liability” has created a price differential between carbon offsets depending on the level of risk associated with them. By removing this risk from both offset buyers (typically refineries and utilities) and sellers (project developers), insurance adds certainty to the market because it’s a guarantee with investment-grade A+ security.

Similar solutions are available in Federal RFS and State LCFS markets, allowing refiners, producers, marketers and other parties that assume RIN invalidation risk in sales contracts to offer clear title. For refiners incurring significant RFS compliance costs as regulated parties, RIN insurance reinforces their due diligence programs at relatively small additional expense. For biofuel producers, using insurance adds liquidity to the market, leveling the playing field and facilitating deals that might not otherwise be possible.

But the role of insurance in Climate Finance Market isn’t limited to the risk of invalidation and revocation. Buyers of long-term, fixed price offtake of RINs and LCFS credits often look for a “reg out” clause – they want to be able to cancel their purchases of RINs if the RFS2 or LCFS is repealed.  There is a common risk factor: the fear of buyers that the programs will not be in place when credits are delivered to them, leaving a worthless commodity at a later date; and the seller being unable to truly represent their cash flows as dependable, and a significantly lower likelihood of raising the debt capital needed to build out large, efficient projects.

The revenue generating capability of many renewable fuel facilities would be negatively affected if one of these programs is eliminated, but if both happened to be eliminated at the same time it would mean certain death to the industry – so we have created a pool of insurance capital that underwrites the continued existence of the RFS and LCFS markets.

The climate finance markets are big (the size of the RIN market is $6 billion while the LCFS market currently sits at $2.3 billion and is expected to grow to $10.5B by 2030), but the insurance industry is even bigger. It takes that level of capital to ensure market liquidity and at Parhelion, we use the capital in the global insurance and reinsurance industry to take the risks that other forms of capital (debt and equity) can’t or won’t take.

The Problem of Invalidated RINs in the Renewable Fuel Standard

Under the Renewable Fuel Standard, the EPA imposed a “buyer beware” approach to the purchase and sale of RINs. This creates a liability for any buyer of RINs, making them responsible for purchases of invalid RINS, even if it’s done inadvertently.   The liability includes the replacement cost of invalidated RINs as well as civil fines and penalties imposed by the EPA. The EPA has prosecuted millions of US$ worth of fraudulent RIN transactions, yet fraud continues to be a significant risk – and it’s a risk that is not covered by standard property and liability insurance policies; neither are RINs considered “goods” under the Uniform Commercial Code (UCC), so the Code’s warranty provisions do not apply.

The EPA sought to address the potential for fraudulent RIN transactions by encouraging third-party verification of the generation of RINs, the Quality Assurance Program (QAP) under which third-party auditors evaluate producers of renewable fuel to certify they were in fact producing the required product in compliance with RFS regulations.

The success of the QAP, though, has been limited. Only about 12% of all RINs are Q-RINs because the process is expensive and numerous administrative steps are required for any party replacing RINs, claiming an affirmative defense to an alleged civil violation, requesting corrective action, and notifying EPA of the existence of a potentially invalid RIN (PIR) – so market participants have relied on other risk management strategies: only purchasing RINs from parties who have long established and trusted trading relationships; implementing their own auditing processes or only purchasing ethanol-based RINs. This development hurt smaller renewable fuel producers and reduced the RIN market’s overall liquidity.

A recently-introduced solution to this problem is to insure the risk, creating a risk-free RIN known as a Platinum-RIN. The insurance can be bought by any of the parties in the transaction, enabling biofuel producers to increase the number of buyers they can sell to; and allowing marketers that assume RIN invalidation risk in sales contracts to offer clear title. For refiners incurring significant RFS compliance costs as obligated parties, Platinum RIN insurance reinforces their due diligence programs at relatively small additional expense.

The beneficiary of the insurance is the owner of the RIN, the policy Loss Payee. First-party fraud is excluded – so a fraudulent party will not be able to make a claim – but the policy has a ‘Multiple Insured Clause’ which means that even if the original insured is responsible for the fraud, a separate and unrelated third party (usually the obligated party) can still benefit from the coverage and be paid as the Loss Payee.

The pricing reflects the relative exposure to loss: firstly, between RINs and Q-RINs (a Q-RIN can be insured at a reduced cost); and secondly, between fuel types (D3 to D7).

The policy is underwritten by first-class insurers, so it’s a guarantee with investment-grade AAA security, completely removing the invalidation risk and the associated civil fines and penalties. The coverage matches the invalidation triggers defined in the RFS regulations, eliminating the invalidation risk over a three-year period by replacing the insured RINS at future market prices. The program, managed by Parhelion Underwriting, is flexible: policies can be purchased by any participant and the coverage travels with the covered RIN and, although Q-RINs can be insured at a discounted rate, there’s no requirement for a QAP and the Platinum-RIN can be a cost-effective alternative to a Q-RIN.

Parhelion Underwriting is a Lloyds, London-backed risk finance company specializing in risks impacting investment in clean energy and climate finance markets.

 

Categories: Today's News

Biogas Business: The Digest’s 2019 Multi-Slide Guide to Biogas Conversion

Tue, 02/19/2019 - 5:38pm

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.

Terry Mazanec, a member of Lee Enterprises Consulting offers this illuminating overview of biogas, what it’s good for, scale, bio-methane, what to do with it, key players, and more

Categories: Today's News

Hot 50 PhotoVote: LanzaTech

Tue, 02/19/2019 - 7:14am

This is an official photo vote submitted for the 2019 Hot 50 by LanzaTech. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: Licella

Tue, 02/19/2019 - 7:12am

This is an official photo vote submitted for the 2019 Hot 50 by Licella. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: Sierra Energy

Tue, 02/19/2019 - 7:10am

This is an official photo vote submitted for the 2019 Hot 50 by Sierra Energy. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: LanzaTech

Tue, 02/19/2019 - 7:08am

This is an official photo vote submitted for the 2019 Hot 50 by LanzaTech. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: Sierra Energy

Tue, 02/19/2019 - 7:07am

This is an official photo vote submitted for the 2019 Hot 50 by Sierra Energy. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: LanzaTech

Tue, 02/19/2019 - 7:06am

This is an official photo vote submitted for the 2019 Hot 50 by LanzaTech. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: Sierra Energy

Tue, 02/19/2019 - 7:05am

This is an official photo vote submitted for the 2019 Hot 50 by Sierra Energy. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: LanzaTech

Tue, 02/19/2019 - 7:04am

This is an official photo vote submitted for the 2019 Hot 50 by LanzaTech. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: Sierra Energy

Tue, 02/19/2019 - 7:03am

This is an official photo vote submitted for the 2019 Hot 50 by Sierra Energy. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Hot 50 PhotoVote: LanzaTech

Tue, 02/19/2019 - 7:02am

This is an official photo vote submitted for the 2019 Hot 50 by LanzaTech. Photo Votes are distributed via the Digest, Twitter and LinkedIn (subject to review for taste and originality) and each Like for each photo vote counts for 1 additional vote in the Hot 50.

Notes on PhotoVotes. This year, you may submit Photo votes in support of your candidate company. Each Photo Vote will count as five votes, and should be submitted between between February 11, 2019 through March 15, 2019 to hot50@biofuelsdigest.com. The photo must be an original creative work — substantially created for the competition — and must contain the name of the company you are voting for and the words “Hot 50”. Repetitive photos (e.g. a photo of every employee in the company, holding a “Hot 50” sign), will not be counted.  The Digest retains the right to reject any photo on the grounds of lack of originality — e.g. repetitive photos for the same company, images that are from the public domain simply with a “Hot 50” inserted. Images from the public domain can be used if they are used as a springboard for an original creative effort representing an original idea.

Categories: Today's News

Pages

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer