Renewable Fuels

Global grains trader Archer-Daniels-Midland is slashing costs and cutting staff to weather a commodity downturn made more challenging by uncertainty about U.S. biofuels policies and a brewing trade war, the company said on Tuesday. ADM's problems follow a scandal in accounting that occurred last year, which forced the company twice to revise its financial statements. A federal investigation was also launched. ADM posted its lowest fourth-quarter profit for six years on Tuesday and predicted that 2025 could see a third consecutive year of earnings decline. ADM announced that it will eliminate up to 700 positions and cut costs by up...

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...

India will allow sugar mills to use walking stick juice or syrup to produce ethanol in the new marketing year beginning Nov. 1, the government stated in a. alert on Thursday. The world's second-biggest sugar manufacturer enforced. restrictions on diverting sugar for ethanol production in. December 2023 to increase sugar output after cane crop was hit. by below-average monsoon rains. In the new season, distilleries can likewise use B-heavy. molasses, a byproduct with greater sucrose levels, for ethanol. production, the government said in the notice. Around 750,000 metric tons of B-heavy molasses are lying in. stock with mills after the...

Indonesia, the world's. greatest palm oil manufacturer, is checking fuel with a view to. increasing to 40% from 35% the share of palmoil mixed into. biodiesel next year, the energy ministry said. If implemented, the B40 required could increase biodiesel. usage to approximately 16 million kilolitres (KL) next year, the. ministry stated, from 13 million KL estimated to be consumed in. 2024. We hope the trials could be completed in December, so that. full application of B40 could be carried out in 2025, energy. ministry senior main Eniya Listiani Dewi stated in a declaration. on Tuesday. The Indonesian Biofuel Producers...

Need for melted gas (LNG) to power ships will rise this year on appealing rates, while more dualfuel vessels join the international fleet, market executives said. Prices of LNG delivered as marine fuel at the world's. biggest bunker hub Singapore are at high discounts of nearly. $ 100 per metric load compared to traditional 0.5% very low. sulphur fuel oil (VLSFO), industry sources said. That is a far cry from record premiums of more than $1,000 a. ton seen in September 2023, based on data from S&P Global Platts. published on market union SEA-LNG's site, after Russia. triggered a worldwide...

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...

Vietnam aims to produce 100,000500,000 metric tons of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's. hydrogen development strategy adopted previously this month. The output would be raised to 10-20 million loads by 2050,. including green hydrogen, according to a federal government file. detailing the strategy evaluated . The production, circulation and usage of hydrogen will assist. meet the nation's nationwide targets for environment modification, green. development and to meet its net zero target by 2050, the document. stated. Hydrogen is categorised 'green' when it is extracted. from water using electrolysis powered...

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...