Biodiesel World News

US biodiesel production ticks up in May, soybean oil use hits 70% Biodiesel manufacturing in the U.S. hit 147 million gallons in May, four million gallons higher than April and four million gallons less than March. Use of soybean oil feedstock grew again, making up a 70 percent share of the feedstocks consumed. READ MORE SHARE
German biodiesel, HVO consumption projected to rise 13% in 2020 UFOP estimates German consumption of biodiesel and renewable diesel, or hydrotreated vegetable oil (HVO), will be approximately 780.5 million gallons for 2020, an increase of approximately 90 million gallons, or 13 percent, over 2019. READ MORE SHARE
	2020 EU biodiesel production remains stable, consumption down 6% Due to COVID-19-related market impacts, consumption of biodiesel and renewable diesel is expected to fall by 6 percent or approximately 301 million gallons in 2020, but the combined production volume of both is expected to remain relatively stable. READ MORE SHARE
Pertamina to scale up renewable diesel production in Indonesia Following a successful production trial of 100 percent renewable diesel in Dumai, Indonesia’s state-owned oil company Pertamina is ready to scale up its investments in renewable diesel. Pertamina plans two new standalone units in Plaju and Cilacap. READ MORE SHARE
Q2 results show pandemic impact on REG business begins to subside REG released its Q2 financial results Aug. 4. “With the impacts of the pandemic on our business beginning to subside, the feedstock complex and energy markets improved since late April, as represented by improved margins,” said CJ Warner, CEO of REG. READ MORE SHARE
Neste sells record volume of renewable diesel in Q2 Neste announced July 23 that its renewable products business set a new quarterly sales volume record during the second quarter of this year. Nameplate production capacity for renewable diesel also increased during the quarter. READ MORE SHARE
REG enters supply agreement with Hunt & Sons for REG Ultra Clean Renewable Energy Group announced July 29 that the company has entered into an agreement with Hunt & Sons Inc. to supply REG Ultra Clean at 12 locations in Northern California. REG Ultra Clean is a proprietary blend of biodiesel and renewable diesel. READ MORE SHARE
Rapeseed oil remains primary feedstock for German biodiesel In 2019, the German biodiesel industry produced approximately 3.4 million tons (1.02 billion gallons) of biodiesel, of which about 1.9 million tons were based on rapeseed oil. Used cooking oil was the second-most used feedstock for German biodiesel. READ MORE SHARE
Velocys delivers 4 FT reactors to Red Rock Biofuels in Oregon Velocys has completed manufacturing and delivery of four Fischer-Tropsch reactors to Red Rock Biofuels. Red Rock Biofuels plans to convert 136,000 tons of waste woody biomass into more than 15 MMgy of renewable diesel and SAF in Lakeview, Oregon. READ MORE SHARE
Law firm investigating possible securities violations by REG Lowey Dannenberg P.C. is investigating possible violations of federal securities laws on behalf of investors of Renewable Energy Group after stock prices fell 20 percent following REG’s downward revision of its expected Q2 adjusted EBITDA. READ MORE SHARE