Tag: Biofuels
US biodiesel production still increasing despite expiration of tax credit
Biodiesel is typically more expensive than petroleum-based diesel Through the first nine months of 2017, U.S. biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender’s tax credit at the end of 2016, according to the U.S. Energy Information Administration. Domestic biodiesel production may continue to increase because […]
Global biofuels production up to 67 Billion gallons in 2022 as next-gen tech kicks in
Advanced biofuels will nearly double in 5 years to 9.6 billion gallons per year New biofuel technology is finally starting to push aside traditional biofuels like first-generation biodiesel, according to Lux Research. New facilities based on non-food feedstocks and producing novel fuels account for over half of new capacity deployment for the first time in the […]
EPA seeks to ban Genscape from verifying renewable fuel credits
Genscape failed to detect fraud by Gen-X energy Group, Southern Resources and Commodities LLC NEW YORK, Jan 4 (Reuters) – The U.S. Environmental Protection Agency wants to revoke Genscape’s ability to verify biofuels compliance credits after regulators say it failed to detect a massive fraud perpetrated by companies it was monitoring. The announcement, made Wednesday, will […]
Biomass-based diesel growing due to final 2017 RFS targets – EIA
Ethanol consumption averaged about 14 billion gallons in 2015 On November 23, the US Environmental Protection Agency (EPA) issued its final rule for the 2017 Renewable Fuel Standard (RFS) program year, with higher targets than those initially proposed in May, according to the US Energy Information Administration. EPA increased both the advanced biofuels and total renewable […]
Governments urged to end expensive emissions-reduction policies
“Carbon pricing should be the backbone of any climate policy, as it is the most cost-effective way to reduce greenhouse gas emissions” TORONTO, ON – Canada’s biofuel policies have helped to reduced GHG emissions, but according to a new report from Canada’s Ecofiscal Commission, these reductions have come at a significant cost. The report, Course […]
Flint Hills Resources ramps up Nebraska biodiesel plant
Flint Hills Resources a subsidiary of Koch Industries NEW YORK, Sept 13 (Reuters) – Flint Hills Resources is bringing online the Nebraska biodiesel plant it bought out of bankruptcy in 2011, marking the Koch Industries Inc subsidiary’s first commercial production of the renewable fuel made of vegetable oil. Flint Hills, the oil and biofuels unit […]
EPA has not completed required review of biofuel mandate -report
EPA says review of biofuel mandate done by end of 2017 By Ayesha Rascoe WASHINGTON, Aug 18 (Reuters) – The U.S. Environmental Protection Agency has not complied with federal requirements to study the effects of the nation’s biofuel use mandate, an agency watchdog said on Thursday. EPA’s Inspector General concluded that the agency has not issued a […]
Price spike in US biofuels credits should be examined: Ethanol group, regulators
Price of US biofuels credits surged recently By Tom Polansek CHICAGO, Aug 2 (Reuters) – U.S. derivatives regulators and environmental officials should probe for possible manipulation in the market for U.S. biofuels credits after prices surged for unknown reasons, an association representing the ethanol industry has said. The Renewable Fuels Association, in a letter dated […]
EPA biofuels program should change to help small fuel retailers – letter
EPA biofuels program gives unfair advantage to large petroleum retailers: Coalition By Chris Prentice Aug 1 (Reuters) – U.S. regulators should alter a much-debated EPA biofuels program that disadvantages small fuel retailers, said the chairman of a newly-formed coalition, joining the likes of refiners including Valero Energy Corp, which have made a similar push. The […]
Valero says biofuels blending costs could double in 2016
Biofuels blending costs to be between $750M to $850M By Chris Prentice NEW YORK, July 26 (Reuters) – Valero Energy Corp, the largest U.S. refiner, expects to get hit with a half-billion-dollar bill in the second half of the year thanks to the rising cost of meeting government biofuels blending mandates. For the full year, the […]
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