June 16, 2014
BY Erin Krueger
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The USDA on June 18 released data showing the cost of soybean production is expected to increase more than 4% this year, reaching $$683.89 per acre. Per-acre costs are currently expected to expand by an additional 3% in 2027.
BHP and the Global Centre for Maritime Decarbonisation have blended biofuels from two distinct feedstocks—UCO and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.
NYK has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety.
Carbon Direct on June 16 released the Criteria for High-Quality Low Carbon Fuels — a globally applicable, consolidated criteria for high-quality low carbon fuels (LCF) procurement on the voluntary market.
A comprehensive new study from S&P Global Energy finds expanded biofuel demand could transform American agriculture, reignite rural economies and provide global food and energy security. The study was commissioned by USFRA.