Renewable Fuels

Mining financial investment conferences have a fantastic track record of pointing to the next development location for commodities, as they unite early phase investors and junior miners looking for to get jobs off the ground. A decade ago lithium was the popular metal, 5 years earlier it was the turn of gold and more just recently copper has been the flavour of the month at these occasions throughout Asia. However at the 121 Mining and Energy Financial investment conference this week in Singapore there was no clear option, and no real consensus on where the very best chances lie. If...

Spain stated on Tuesday it had signed a deal with Envision Group for the Chinese group to build a $1 billion plant to manufacture equipment used for the production of green hydrogen. A memorandum of understanding revealed Envision would begin developing the factory that will produce electrolysers - the machinery separating hydrogen from water - by June 2026. The Chinese business will fund the job in Navalmoral de la Mata, situated some 190 km (118 miles) to the southwest of Madrid, with private partners, it said. Envision is likewise set to buy green hydrogen production, the entire green hydrogen value-chain...

U.S. imports of utilized cooking oil (UCO) from China are set to strike a record in the months ahead, even as regulatory uncertainty casts doubts over longerterm potential customers of a trade that boomed in 2015, according to market participants. U.S. demand for UCO, a feedstock for biofuels like eco-friendly diesel, has actually surged as federal and state governments launched rewards to support the market as they aim to decarbonize transportation. That triggered such a crazy rush to construct brand-new sustainable diesel plants that U.S. capability more than doubled from 2021 to 282,000 barrels per day in 2023, according to...

Oil refiner Phillips 66 reported better-than-expected second-quarter results, driven by strong refining utilization and low expenses, even as the market faced lower refining margins due to a warm summer season driving season. The Houston-based refiner's crude capacity utilization increased to highest in over 5 years at 98% in the second quarter, up from 92% in the first quarter, CEO Mark Lashier stated throughout a. call with analysts on Tuesday. U.S. fuelmakers increase processing capability to 93.5%. in the second quarter, compared to 91% in the very same period last. year, according to the U.S. Energy Details Administration,. on expectations of...

The worldwide sugar market is expected to have a smallerthananticipated supply surplus in 2024/25 (OctSept) despite increasing production in Asia, due to a. considerable decrease on the Brazilian crop, broker StoneX said. on Wednesday. StoneX cut its projection for Brazil's Centre-South. sugar output by almost 2 million metric loads to 40.5 million. loads due to this year's lower quality of the sugarcane and a. smaller-than-expected cane allowance to sugar production. The broker said Brazilian mills are keeping a fairly. high level of ethanol production, answering to higher domestic. demand, so they are not earmarking the quantity of walking stick to...

BP Plc will assess expanding and diversifying its biofuel operation in Brazil, taking a look at new products such as secondgeneration ethanol and sustainable aviation fuel after purchasing out Bunge from their joint endeavor BP Bunge Bioenergia. The business said in written comments to that it wishes to utilize the venture's huge biofuel base in Brazil - an industrial complex with 11 plants in five states processing sugarcane - to develop essential tasks to support the more comprehensive BP view for bioenergy. The Brazil complex is a scalable bioenergy platform with expense advantages, it stated. We will look for to...

BP has accepted purchase grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a. bet on growing demand for lowcarbon biofuels. Following the completion of the offer, expected by end-2024,. BP will take full ownership of Bioenergia which has production. capability of around 50,000 barrels a day of ethanol equivalent. from sugarcane. BP will consolidate Bioenergia's financial obligation and lease responsibilities. of $1.2 billion, it said, implying it will pay an overall of. $ 800 million to Bunge, according to estimations. The acquisition comes amidst growing investor issue over. BP's...

U.S.based grain trader and processor The Andersons stated on Wednesday it has actually been challenging to find the right possession for a prospective acquisition as part of its plan to grow ethanol production. Chief Operating Officer Expense Krueger said in a discussion panel at the BMO Global Farm to Market Conference that The Andersons has been trying to find potential acquisition targets for a while however has yet to find the best property that will permit it to produce ethanol with a lower carbon intensity score. We have been vocal that we wish to grow our ethanol production, either through...

President Joe Biden's. administration on Tuesday released assistance on its sustainable. aviation fuel (SAF) aid program that permits cornbased. ethanol to qualify as a feedstock provided it is sourced from. farms that use climatefriendly growing strategies. The strategy is likely to be bittersweet for the politically. powerful U.S. ethanol market that is eager to secure the. aids however had wished for a lower hurdle. Flight so far accounts for about 2% of U.S. carbon. contamination and is one of the fastest growing sources. Biden hopes producing a subsidized market for lower-emissions. SAF can counter that danger, while likewise giving a...

The Biden administration on Tuesday released assistance on its sustainable aviation fuel (SAF) aid program that permits cornbased ethanol to qualify as a feedstock provided it is sourced from farms that utilize climatefriendly growing techniques. The strategy is likely to be bittersweet for the politically-powerful U.S. ethanol market that aspires to protect the aids however had actually wished for a lower hurdle. Flight up until now represents about 2% of U.S. carbon pollution and is among the fastest growing sources. President Joe Biden hopes that producing a subsidized market for lower-emissions SAF can consist of that risk, while also giving...

A spring rise in U.S. gas prices is set to blow over earlier than anticipated as geopolitical issues abate, raising optimism that motorists will discover some relief at the pump ahead of peak summer travel need. U.S. gas rates are under a microscope ahead of the country's governmental elections in November, with stickiness in inflation among top concerns plaguing customers and policymakers. After Russia's intrusion of Ukraine led to record-breaking rates at the pumps in summertime 2022, intensifying tensions in the Middle East and Ukrainian drone strikes on Russian refineries had some analysts fearing a repeat this year. Nevertheless, signs...

The U.S. Environmental Security Agency will temporarily expand sales of higherethanol blends of gasoline this summer season in an effort to decrease potential supply interruptions amidst ongoing disputes in Ukraine and the Middle East, it said in a letter dated Friday. exclusively reported the upcoming statement on Thursday. The decision marks the third successive year the administration has extended the duration during which Americans can keep purchasing E15, a gasoline that utilizes a 15% ethanol blend. Sales are successfully obstructed from June 1 to Sept. . Adding ethanol to gasoline is understood to increase smog contamination in hot weather, but...

Sao Paulo said there were no more active fires in sugarcane fields in the state on Monday following a surge in cases because late recently, however lots of municipalities are still on high alert for fires. Sao Paulo is without a doubt the biggest sugar producing state in Brazil, the world's leading manufacturer and exporter of the sweetener. Exceptionally dry conditions after months without rain caused a. rise in unexpected fires that quickly infected thousands of. hectares of walking stick fields that burned into the weekend. Brazil's largest sugar group Raizen SA said on. Monday it resumed operations at its...

BP Bunge Bioenergia, the Brazilian bioenergy endeavor controlled by BP Plc, will invest 530 million reais ($ 94.49 million) to expand sugarcane crushing capacity at its Pedro Afonso plant in the state of Tocantins, it said late on Wednesday. The Pedro Afonso mill is among 11 that BP manages in 5 Brazilian states. The plant capacity will increase by 800,000 metric loads to 3.4 million tons of sugarcane squashing per crop. BP said growth works in Tocantins will start in October, with completion prepared for July 2026. Upon conclusion of the project, the business's total walking stick crushing capability in...

A spike in bargainbasement crop sales by U.S. farmers requiring to make room in storage bins for autumn harvests could increase success at grain handlers such as ArcherDanielsMidland and Bunge Global. Both business, which trade and process soybeans and corn and gain from geographic distinctions in supply, recently flagged sluggish farmer selling as a drag on second-quarter profits. Eight farmers in the essential Midwestern crop-growing states of Iowa, Indiana, Illinois and Ohio told Reuters they are clearing storage bins of corn and soybeans collected in 2023 after holding tight to products all year, as favorable weather for crop advancement finally...

Brazil's Copersucar, the world's. largest sugar merchant, is upbeat on sugar rates in the. midterm as dry weather on the planet's top manufacturer should. verify a smaller production in the 2024/25 season that started. in April. Copersucar President Tomas Manzano told press reporters on. an incomes contact Wednesday that prices must increase from. current levels near 19 cents per pound in New York. The company published a net revenue of 281 million reais ($ 51.34. million) for the crop year 2023/24 ended in March, 58% less than. in the previous season, stating low ethanol rates for a long. duration in...

Chinese electrical energy company SPIC revealed on Wednesday a 780 million reais ($ 147.41. million) financial investment in construction of two brand-new wind farms in. Northeastern Brazil, while making its launching in the country's. solar sector, with 2 large parks starting operations. The company is diversifying its portfolio and intending to. become one of Brazil's 3 largest energy generators, Adriana. Waltrick, CEO of SPIC's Brazilian system, told . SPIC's new wind farms, to be integrated in Rio Grande do Norte. state, will have a combined set up capacity of 105.4. megawatts (MW) to be sold on the complimentary energy market....

Italy is intending to sign a. letter of intent with Germany and Austria to accelerate. development of a more than 4billion euro ($ 4.35 billion). southern pipeline for supplying hydrogen to main Europe,. sources near to the matter told on Tuesday. The administration of Giorgia Meloni has actually laid out strategies to. turn Italy into an energy entrance and in 2015 it signed with. Germany and Austria a joint letter for a hydrogen-ready pipeline. between North Africa and Europe. The European Union aims to produce 10 million metric tons. and import 10 million lots of eco-friendly hydrogen by 2030 in...

Brazil's centersouth sugar production jumped 84.25% in the 2nd half of April on a. annual basis, information from market group UNICA revealed on. Wednesday, going beyond market expectations. Mills in the region produced 1.84 million metric lots of. sugar in the final 2 weeks of April, UNICA stated, while. experts surveyed by S&P Global Commodity Insights were anticipating. output in the period to strike 1.73 million lots. The majority of the production development showed the increased. sugarcane crushing rate in the very first month of the 2024/25 crop,. UNICA's director of sector intelligence Luciano Rodrigues stated. in a declaration. Squashing...

Brazil's new sugarcane crop will be just a little smaller sized than the record previous one, federal government firm Conab stated on Thursday, and sugar production will reach a perpetuity high as higher planting partly offsets falling agricultural yields. Conab forecasted Brazil's 2024/25 (April-March) overall sugarcane crop at 685.86 million metric tons, 3.8% less than in 2023/24. The fall in total walking cane volume is smaller than the expected decline of 7.6% in agricultural yields due to below-average rains and excessive heat. That is an outcome of a. 4.1% increase in planted location to 8.67 million hectares. Conab shocked the...

Brazilian international trade platform Timbro expects to increase its sugar exports by more than 40% in 2024 to 2 million metric tons, while also expanding operations to enter the ethanol market, a top executive told . Timbro exported 1.4 million tons of sugar in 2023, up 75%. from the previous year and a significant jump from the 50,000 tons. delivered in 2018. It intends to offer 50 million liters of ethanol. this year as it continues to grow its footprint. Ethanol is a method for us to be more versatile with the mills. and mitigate organization danger - if the...

The U.S. Department of Agriculture cut its outlook for domestic corn ending stocks on Thursday as the government stated more of the grain will be used to make ethanol biofuel and feed for stock. Forecasts for U.S. corn use increased after futures rates was up to three-year lows this year, but international corn products are still thought about plentiful and corn prices were trading lower after the report. U.S. corn stocks are predicted at 2.122 billion bushels by completion of the 2023-24 marketing year on Aug. 31, below USDA's previous projection for 2.172 billion bushels. Analysts had anticipated an even...

Brazilian mills in the primary sugar area of CentreSouth (CS) are forecasted to produce 4.8% less sugar in the new season that begins in April, compared with the previous crop, consultancy Datagro stated in a. discussion on Wednesday. Datagro predicted Brazil's 2024/25 sugar output at 40.45. million metric tons versus 42.50 million loads in 2023/24, saying. that drier-than-normal weather in producing locations considering that November. will cut sugarcane volume by 9.8% to 592 million tons. Datagro's chief analyst Plinio Nastari stated during the. presentation that farming yields in Brazil's CS will likely. fall to 78.8 tons of sugarcane per hectare...

Brazil's sugarcane market reported a much greater squashing volume in the very first half of March than at the very same time last year as more mills operated, a. report released on Wednesday by industry group Unica revealed. Mills in the primary Centre-South (CS) sugar region crushed. 2.22 million metric lots of sugarcane in the first half of. March, 267% more than in 2015. Unica said that 40 plants were. running during that duration, compared to 23 in 2023. It is still a small squashing volume when compared to peak. crop months mid-year, but demonstrates cane is prepared for. Brazil's...