Biodiesel Business

September 25, 2019

IHS Markit launches first global index for carbon credits

BY IHS Markit IHS Markit announced Sept. 25 that it has launched the IHS Markit Global Carbon Index, the first benchmark for the global price of carbon credits. According to the new index, the global weighted average price of carbon credits is $23.65. READ MORE

September 24, 2019

10 MMgy biodiesel plant in Delaware going to auction Nov. 13

BY Maas Companies Maas Companies of Rochester, Minnesota, will auction Chesapeake Green Fuels’ 10 MMgy biodiesel plant in Clayton, Delaware. The surplus assets will be sold via a sealed bid auction. The deadline for offers is Nov. 13 at 4:00 p.m. Central time. READ MORE

September 23, 2019

IBB elects Brad Wilson of Western Iowa Energy as new chair

BY Ron KotrbaBrad Wilson of Western Iowa Energy, a 45 MMgy biodiesel plant in Wall Lake, was elected the new chair of the Iowa Biodiesel Board. Wilson, who replaces Tom Brooks of Western Dubuque Biodiesel as chair, has been president and GM of WIE since 2016. READ MORE

September 20, 2019

Western Dubuque Biodiesel recognized for exemplary safety record

BY The Iowa Biodiesel Board Western Dubuque Biodiesel, a 30 MMgy manufacturing plant in Farley, Iowa, has received recognition from the U.S. Department of Labor’s Occupational Safety and Health Administration for achieving 1 million hours with zero lost-time accidents. READ MORE

September 19, 2019

Biodiesel prices up 30 percent in Germany over past month

BY UFOP Wholesale prices for biodiesel have seen a sharp rise since Aug. 14, from 70.5 euro cents per liter ($2.95 per gallon) in mid-August to recently 91.6 euro cents per liter ($3.82 per gallon). This translates to an approximately 30 percent increase. READ MORE

September 19, 2019

GZ Energy to launch digital credit-trading platform in Q4

BY GZ Energy LLC GZX will provide renewable fuel market participants with a means to discreetly trade separated (K2) RINs, California Low Carbon Fuel Standard credits, and Oregon Clean Fuels Program credits without the participation of a broker. READ MORE

September 17, 2019

Heating oil industry commits to net-zero emissions by 2050

BY New England Fuel Institute The Northeast’s heating oil industry has resolved to achieve net-zero CO2 emissions by 2050. The new resolution calls for a 15 percent reduction in CO2 emissions by 2023, a 40 percent reduction by 2030, and net-zero-carbon emissions by 2050. READ MORE

September 11, 2019

Cape Cod Biofuels founder receives environmental merit award

BY Ron KotrbaAndrew Davison, founder of Cape Cod Biofuels, was presented an environmental merit award by the U.S. EPA Sept. 10 for his unique, circular biodiesel business model that improves the air and water and increases energy and community resilience. READ MORE

September 11, 2019

Crown opens new Global Headquarters and Innovation Center

BY Crown Iron Works After years of planning and eight months of construction, Crown Iron Works unveils its new Global Headquarters and Innovation Center in Blaine, Minnesota. The 68,000 square-foot, $12 million facility includes classrooms, a pilot plant and much more. READ MORE

September 10, 2019

Diamond Green Diesel evaluates new 400 MMgy plant in Texas

BY Darling Ingredients Inc. If plans proceed, this would be the first renewable diesel plant in Texas and would boost DGD’s production to 1.1 billion gallons per year, solidifying its position as the largest U.S. renewable diesel producer and second largest in the world. READ MORE

September 09, 2019

Port approves 90-acre lease with Next Renewable Fuels

BY The Port of Columbia County The Port of Columbia County Commissioners approved in early September a long-term ground lease with Next Renewable Fuels for a 90-acre industrial site at Port Westward, Oregon, for an advanced green diesel production facility. READ MORE

September 05, 2019

Paraguay President Benítez updated on Omega Green project

BY Ron KotrbaDuring a Sept. 4 meeting at Palacio de Los López, Paraguayan President Mario Abdo Benítez received updates on the Omega Green project from developer ECB Group. The USD$800 million renewable diesel and SPK plant will be scaled at more than 300 MMgy. READ MORE

September 04, 2019

Gevo develops low-carbon, no-particulate renewable diesel

BY Gevo Inc. Renewable fuels and chemical manufacturer Gevo Inc. announced Sept. 4 that it has developed proprietary, breakthrough processes that convert either low-carbon isobutanol or low-value fusel oils, byproducts of fermentation, into renewable diesel. READ MORE

August 16, 2019

RFS waivers by Trump’s EPA push World Energy to close 3 plants

BY World Energy World Energy is closing three biodiesel plants in Georgia, Mississippi and Pennsylvania as a direct result of the Aug. 9 decision by Trump’s EPA to grant 31 new small refinery waivers from the nation’s Renewable Fuel Standard to oil companies. READ MORE

August 15, 2019

Neste introduces IMO 2020 fuel, announces new US partnership

BY Ron KotrbaNeste Corp. announced it will introduce a new fuel, Neste Marine 0.5, in the fourth quarter of this year, helping shippers comply with the IMO 2020 sulfur cap of 0.5 percent. The company also announced a partnership with McCall Companies in Oregon. READ MORE

August 13, 2019

Gevo, Air Total enter into biojet fuel purchase, sale agreement

BY Gevo Inc. Gevo Inc. announced Aug. 13 that Air Total International SA and Gevo have entered into a partnership agreement to produce and supply sustainable aviation fuel for use and distribution in France and other parts of Europe. READ MORE

August 07, 2019

Renewable Energy Group reports Q2 financial results

BY Renewable Energy Group Inc. REG’s revenues for the second quarter were $560.6 million on 197.4 million gallons of fuel sold. The company sold nearly 15 percent more fuel in Q2 this year compared to Q2 2018. Adjusted EBITDA in the second quarter was negative $42.3 million. READ MORE

July 31, 2019

JBS to more than double biodiesel output with new plant in Brazil

BY JBS Global food company JBS announced it is building a new biodiesel plant in Brazil. JBS is investing approximately $48 million through Seara Alimentos to build and operate a biodiesel factory in Mafra. The plant will be operated by JBS Biodiesel. READ MORE

July 31, 2019

Neste hosts foundation stone ceremony for Singapore expansion

BY Neste Corp. Neste held a foundation stone ceremony July 31 to officially mark the €1.4 billion expansion of its renewable products production capacity in Singapore. Construction began early this year. The project is expected to come online in 2022. READ MORE

July 30, 2019

Neste reports strong Q2 financial results for renewable diesel

BY Erin VoegeleNeste released financial results July 25 for the first half of 2019, reporting increased earnings for its renewable products segment, a new quarterly sales record for renewable products, and a high utilization rate of its renewable diesel capacity. READ MORE

July 24, 2019

REG closing 15 MMgy biodiesel plant in New Boston, Texas

BY Ron KotrbaRenewable Energy Group Inc. is closing its 15 MMgy biodiesel plant in New Boston, Texas, which the company acquired in 2012. REG is closing the multifeedstock facility due to challenging business conditions and continued federal policy uncertainty. READ MORE

July 18, 2019

Australian biodiesel plant reopens under new ownership

BY Ron KotrbaThe former Australian Renewable Fuels plant in Barnawatha, Victoria, a 13.2 MMgy biodiesel facility, has restarted operations under the new ownership of Just Biodiesel Pty Ltd. ARF shut down the plant and filed bankruptcy more than three years ago. READ MORE

July 17, 2019

Ocean Park advises on sale of Atlantic Biodiesel to Verbio

BY Ocean Park Advisors LLC Atlantic Biodiesel Corp. recently closed on the sale of its Canadian biodiesel plant to Verbio Diesel Canada Corp. Ocean Park acted as exclusive financial advisor to Atlantic Biodiesel on the transaction. The deal was first announced in May. READ MORE

July 14, 2019

Inside NBB: Ad Campaign Turns up the Volume on Biodiesel Impact

BY The National Biodiesel Board The National Biodiesel Board’s annual advertising campaign hit the airwaves in May with biodiesel education aimed to influence key decisionmakers on the many benefits of biodiesel. READ MORE

July 12, 2019

Opinion: Making Connections in Biodiesel

BY Donnell Rehagen Trade shows and conferences are in full swing, with industry professionals pouring in to talk about what the future has in store. With all the talk being about carbon reduction and cleaner emissions, the future means biodiesel and renewable diesel. READ MORE

July 03, 2019

EIA to update data reporting for biofuels

BY Erin VoegeleThe U.S. Energy Information Administration is seeking a three-year extension with changes to its Petroleum Supply Reporting System. The proposed changes include those related to biofuels reporting. Comments are due July 24. READ MORE

June 27, 2019

5 MMgy Missouri biodiesel plant set for auction July 23

BY Ron KotrbaMaas Companies will auction Global Fuels’ 5 MMgy biodiesel plant located in Dexter, Missouri, July 23. The Global Fuels facility was built in 2007 and has since undergone a technology upgrade allowing use of feedstock with FFA content to 15 percent. READ MORE

June 20, 2019

Renewable Energy Group joins Diesel Technology Forum

BY Ron KotrbaNorth America’s largest biodiesel producer, Renewable Energy Group Inc., has joined the Diesel Technology Forum, a nonprofit organization promoting the use of clean diesel technologies. REG has 14 active biorefineries across the U.S. and Europe. READ MORE

June 06, 2019

REG completes sale of Life Sciences assets to Genomatica

BY Renewable Energy Group Inc. Renewable Energy Group Inc. announced June 6 that it completed the sale of substantially all assets of REG Life Sciences to Genomatica on May 29. REG acquired the business in 2014 and advanced technology development with ExxonMobil and Clariant. READ MORE

June 04, 2019

More stable EU biodiesel policy helps Avril Group recover

BY Avril Group After two years marked by a contrasted economic situation in all its business lines and a context that remained difficult at the start of 2018, the Avril Group recorded a notable recovery in its activities during the second half of the year. READ MORE