Sunday, September 23, 2018

Biofuels News

Valero, Marathon Beat Profit Estimates as Refining Margins Rise

Photo courtesy of Valero

Two of the biggest independent oil refiners in the United States beat Wall Street profit estimates on Thursday as greater processing of cheap, light crude from West…

EPA Proposes 2019 Biofuel Requirements

File Image (CREDIT: AdobeStock / © scanrail)

The U.S. Environmental Protection Agency proposed setting a 19.88 billion gallon biofuels blending mandate for 2019 under the Renewable Fuel Standard, according to a statement seen by Reuters.

Zero Emission Ships: Comparing Fuel Choices

Image: Sustainable Shipping Initiative

There's a new report out from the Sustainable Shipping Initiative (SSI) -- authorted by Lloyds Register (LR) and University Maritime Advisory Services (UMAS) -- that…

GoodFuels Closes Growth Investment Round with Social Impact Ventures

Photo: GoodFuels

Pioneer and market leader in sustainable, advanced biofuels for the shipping and heavy land transport sectors, GoodFuels, has secured a major investment round with Amsterdam…

Fate of Argentine Biodiesel Industry Hinges on EU Sanctions

File Image (CREDIT: AdobeStock / (c) scanrail)

Argentina's biodiesel industry is at risk after the European Union threatened to impose tariffs on imports from the South American country, following accusations that…

EPA Scraps Plan to Force US Refiners to Blend More Biofuels

© Jose Manuel Yañez Rodriguez / Adobe Stock

The U.S. Environmental Protection Agency ditched a detailed plan that would have forced refiners to blend more biofuels into their gasoline and diesel in 2019 to compensate…

Exxon Shareholders Reject Proposal to Split CEO, Chair Roles

Exxon Mobil Corp shareholders rejected a proposal on Wednesday that would have split the roles of chairman and chief executive, securing CEO Darren Woods's role as he…

U.S. Senator's Biofuel Overhaul Faces Resistance

Texas Senator John Cornyn (Photo: John Cornyn Senate)

Texas Senator John Cornyn’s plan to overhaul U.S. biofuels policy faces resistance from the oil and ethanol sectors, reducing chances of a reboot to the controversial regulations…

Trump Calls Meeting On Biofuels Policy Blamed by Bankrupt Refiner

Photo: PES

U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming…

Big Corn, Big Oil Square off in White House Biofuels Meeting

File Image: a midwest ethanol plant. (CREDIT: AdobeStock / (c) Jason Lee)

U.S. President Donald Trump gathered with senators and Cabinet officials on Tuesday to discuss ways to lower the cost of the nation’s biofuels policy to refiners, a…

US Ag Secretary Seeks to Calm Farmers after Biofuel Talks

U.S. Perdue made the comments a day after Trump hosted a meeting with Cabinet officials and senators to discuss potential changes to the Renewable Fuel Standard to help…

Trump Wades Deeper into Biofuel Debate

File Image: A midwest Ethanol Plant / CREDIT AdobeStock / (c) Jason Lee)

U.S. President Donald Trump on Thursday will gather rivals from the oil and corn industries for the second time this week as the administration seeks elusive common…

U.S. Refinery Workers Push Biofuels Reform

Image Credit: LyondellBasell

A delegation of workers from U.S. oil refining companies that oppose the nation's biofuels policy will converge on Washington on Wednesday to try to convince lawmakers…

Pennsylvania says Bankrupt Refiner Owes $3.8 bln in Taxes

Photo: PES

The state of Pennsylvania wants a federal judge to halt the bankruptcy of Philadelphia Energy Solutions (PES), arguing the refiner owes an estimated $3.8 billion in fuel taxes…

Report: Decarbonize Maritime by 2035

© denisismagilov/AdobeStock

While the notion that maritime transport could be "zero-carbon shipping" by 2035 may seem fallacy to the majority, a new report reviews the pathways to zero-carbon shipping.

Solar Power Eclipsed Fossil Fuels in New 2017 Generating Capacity

© Franz  / Adobe Stock

Chinese solar power led a record 157 gigawatts (GW) of new renewable energy capacity added worldwide last year, more than double the amount of new generation capacity from fossil fuels…

Britain: Biofuel Targets Will Reduce Diesel Reliance

File Image (CREDIT: AdobeStock / © scanrail)

British biofuel targets coming into force this weekend will double the use of renewable fuels in the UK transport sector in 15 years and reduce reliance on imported diesel, the government said on Friday.

Shell to Sell its Downstream Business in Argentina

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for $0.95 billion in cash proceeds at completion, subject to customary closing conditions.

Neste Beats Market Expectations, Shares Soar

File Image (CREDIT: AdobeStock / © scanrail)

Finnish oil refiner and biofuel producer Neste posted its highest ever quarterly result on Thursday, helped by a U.S. tax break and profitable biofuel production. Shares…

Petrobras Seeks Partnerships

Photo courtesy Petrobras

Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in Northeast and South regions of Brazil.