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Bits and pieces from the EPA proposed rule
Posted May 13, 2009

 

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February 4-7, 2013 - Las Vegas Nevada


California expands underground storage rule

California's Water Resources Control Board has expanded its approval for storing biodiesel blends in underground tanks from the existing B5 limitation to up to B20, in a resolution adopted May 5. A 25-year-old California law requires the storage of any chemical in underground tanks to be tested and independently certified as being compatible with the tank materials, explained water board spokesman Bill Rukeyser. The law also requires an approved leak detection method.READ MORE

WASDE: small increases in new crop supply, demand

The soybean market may be settling down, if the USDA's first projections for the 2009-'10 marketing year prove accurate. The USDA made its initial assessments for the next marketing season in its May 12 World Agricultural Supply and Demand Estimate report with the caveat that "because spring planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative." The projections reflect economic analysis, normal weather, trends and judgment.READ MORE Paratherm

Hedge funds, EPA proposed ruling could affect market prices

It has been said that hedge funds positions in the commodities markets essentially disappeared after the September crash, but speculative activity is starting to pick up again, which could affect the price of soybeans. "They're not seeing good returns with stocks, they're not big on bonds…real estate's out…so the hedge guys are viewing energy with an inflation mentality," said Jerry Gidel of North American Risk Management Services in Chicago.READ MORE

Bio Blend Fuels begins Wisconsin operations

Bio Blend Fuels Inc. began operating its 2.6 MMgy biodiesel plant at a new location in Manitowoc, Wis., using animal fats as its feedstock. The plant was designed by Dan Kaderabek, company founder along with his wife Traci Kaderabek. The couple had been producing biodiesel on a smaller scale since 2005, improving their process and learning how to meet ASTM specifications, Dan Kaderabek said.READ MORE

World Energy: Despite report, not going bankrupt

Responding to a news article reporting World Energy Alternatives as having been tossed into involuntary Chapter 7 bankruptcy protection, World Energy released a statement on May 8 characterizing the report as "erroneous." "World Energy Alternatives is not in bankruptcy and has not wound down its business," World Energy stated. "We continue to conduct business as usual." There is, however, a legal dispute between World Energy and Avenir Diversified Income Trust's subsidiary, Elbow River Marketing, involving "substantial claims each party is making against the other."READ MORE

REG signs agreement with three biodiesel plants to consolidate

Renewable Energy Group Inc. announced it has entered into agreements to consolidate with three commercial-scale biodiesel plants. Western Iowa Energy, which operates a 30 MGY facility in Wall Lake, Iowa; Central Iowa Energy, LLC, which operates a 30 MGY facility Newton, Iowa; and Blackhawk Biofuels, LLC, which operates a 45 MGY facility in Danville, Ill., are involved in the transaction. The facilities represent an additional 105 million gallons per year (MGY) of wholly-owned production capacity which would allow the combined entity to better position itself to meet anticipated demand from the petroleum industry's distillate fuel market.READ MORE
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