Renewable Fuels

California regulators voted on Friday to strengthen a policy aimed at increasing lowcarbon fuels to slash greenhouse gas emissions from the transportation sector and satisfy state environment change goals, in spite of criticism it would increase retail fuel costs. The 14-member California Air Resources Board voted 12 to 2 to authorize changes to the state's influential Low Carbon Fuel Standard (LCFS). The vote followed nearly eight hours of testimony from advocates and challengers of the program, also as a prolonged dispute among board members. Numerous members stated the changes were important to preserving Democrat-led California's environment management following Donald Trump's...

The French federal government has picked winning proposals for a hydrogen import terminal, a. eco-friendly fuels facility and a lithium production factory to be. constructed at the staterun port of Le Havre as part of an effort to. attract commercial investment, the finance ministry stated on. Thursday. The land around the port was labelled a turnkey investment. website under the 30 billion euro France 2030 plan, permitting. Haropa Port-- the general public entity that manages the ports of Rouen,. Le Havre and Paris-- to introduce a tender for green projects. The three winners will gain from accelerated approval. treatments, grid...

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...

Last investment decisions for hydrogen jobs have actually doubled over the last 12 months, dominated by China, however installed capability and demand are low as the industry deals with unpredictability, the International Energy Firm ( IEA) said in a report on Wednesday. The financial investment decisions represent a five-fold increase of current low-emission hydrogen production by 2030, with China covering more than 40% over the last 12 months, which would eclipse solar growth at its fastest rates, the group stated. Demand targets, however, are only simply over a quarter of the production projects, and development made up until now in...

Japan is set to push for more nuclear power in an energy policy upgrade due next year, looking for steady electrical energy supply in face of growing need and increasing geopolitical dangers, however is most likely to have a hard time to fulfill its targets, market professionals state. The country slashed reliance on nuclear power after the Fukushima catastrophe in 2011 and increased usage of fossil fuels to generate 70% of its electrical energy, even as it set out to cut carbon emissions to net zero by 2050. But having actually faced coal and gas rate spikes and supply interruptions...

Japan and the European Union on Monday accepted work together on policies related to developing demand and supply for clean hydrogen as well as to comply ahead of time technologies to develop the new fuel, a. joint statement said. Japan sees hydrogen as a new and cleaner source to gradually. replacement liquefied gas (LNG), part of the nation's. path to carbon neutrality by 2050, and for Europe, hydrogen is. one of the choices to phase out use of Russian nonrenewable fuel sources. Hydrogen will be very soon an internationally traded. commodity, and close EU-Japan cooperation will be important for. promoting...

Malaysian palm oil futures rose on Friday, in line with rival soyoil, to reverse losses in the previous two sessions. The benchmark palm oil contract for June shipment on the Bursa Malaysia Derivatives Exchange rose 26 ringgit, or 0.63%, to 4,162 ringgit ($ 880) a metric lot in early morning trade. Palm oil futures closed lower on Wednesday, succumbing to a. 2nd straight session. Malaysia's financial markets were closed on Thursday for a. public vacation. FUNDAMENTALS * Soyoil rates on the Chicago Board of Trade increased. 0.95%. * Palm oil is impacted by rate movements in related oils as. they...

Malaysian palm oil futures rose on Friday, matching gains in competing soyoil, to reverse losses in the previous two sessions. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 25 ringgit, or 0.60%, to 4,161 ringgit ($ 880.45) a metric heap by the midday break. Palm oil futures closed lower on Wednesday, succumbing to a. second straight session. Malaysia's financial markets were closed on Thursday for a. public vacation. The outlook for Malaysian palm oil costs is bullish due to. the upward momentum in soyoil, and the marketplace is now waiting on. industry price...

The United States and Japan on Wednesday announced a joint collaboration to accelerate advancement and commercialization of nuclear fusion. The collaboration was revealed as Japanese Prime Minister Fumio Kishida remained in Washington for a top with President Joe Biden. U.S. Deputy Secretary of Energy David Turk and Japan's. minister of education, sports, science and technology, Masahito. Moriyama, fulfilled in Washington on Tuesday to discuss blend. The partnership will focus on the clinical and technical. obstacles of delivering industrial combination and expand work. in between U.S. and Japanese universities, national labs. and personal business, the U.S. Department of Energy said. Scientists,...