Biodiesel World News

May 13, 2020

HEROES Act would provide COVID-19 relief payments to producers A fourth COVID-19 stimulus package, the “Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act,” was introduced May 12 in the U.S. House of Representatives. The bill includes dedicated relief for biofuels producers. READ MORE SHARE
US commerce department maintains duties on Argentine biodiesel In its final determination of the “changed circumstances review” of AD and CVD orders on imports of Argentine biodiesel, the U.S. commerce department determined that there are no “changed circumstances” that would warrant changes in U.S. duty rates. READ MORE SHARE
	REG discusses Q1 impacts of COVID-19 pandemic Renewable Energy Group Inc. released first quarter 2020 results April 30. While COVID-19 has had little impact on U.S. diesel demand, the company reported that the pandemic has significantly impacted feedstock markets. READ MORE SHARE
New report shows excellence in German biodiesel fuel quality Germany’s biodiesel quality management association AGQM published its Biodiesel Quality Report 2019 based on results from unannounced sampling of biodiesel producers and warehouse operators. Results show excellent quality and improvement over 2018. READ MORE SHARE
Senators to Trump: Direct EPA to reject all calls to waive RFS A bipartisan group of 24 U.S. senators, including Sens. Joni Ernst, Tina Smith, Chuck Grassley and Debbie Stabenow, sent a letter to President Trump urging him to direct the EPA to swiftly reject recent petitions for a general waiver of the 2020 RFS. READ MORE SHARE
US biodiesel production reaches 132 million gallons in February U.S. biodiesel production reached 132 million gallons in February, down 2 million gallons when compared to January, but up 1 million gallons when compared to February 2019, according to data released April 30 by the EIA. READ MORE SHARE
California refinery to be converted to produce renewable diesel Global Clean Energy Holdings has purchased an oil refinery in Bakersfield, California, for $40 million. The company plans to retool the refinery to produce renewable diesel. Startup of the retrofitted plant is expected to occur in late 2021. READ MORE SHARE
Verbio reports earnings up 15% over same period last year Verbio reported an earnings improvement in its latest financial report. The primary drivers of the revenue and results trends in biodiesel in the reporting period were the increases in production and sales volumes thanks to an increase in capacity. READ MORE SHARE
Valero: Q1 loss for ethanol segment, profit for renewable diesel Valero released first quarter 2020 financial results April 29. While the company’s operations are being impacted by the COVID-19 pandemic, members of the executive team confirmed that demand for transportation fuels is beginning to rebound. READ MORE SHARE
CVR Energy explores making renewable diesel to offset RIN costs Texas-based oil refiner CVR Energy announced this month it is considering converting some of its refining units to renewable diesel production as a way to offset costs associated with Renewable Fuel Standard compliance. READ MORE SHARE