January 28, 2013
BY Erin Krueger
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The Senate Ag Committee on June 23 released a Farm Bill 2.0 discussion draft. The legislation includes a major revamp of the Section 9003 loan guarantee program, including language allowing grants of up to $10 million for certain eligible projects.
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.
Petrobras on June 19 announced its board of directors has approved a $1.2 billion project to produce sustainable aviation fuel (SAF) and renewable diesel at its existing Presidente Bernardes Refinery (RPBC), located in Cubatão, São Paulo, Brazil.
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.