Feb 14 (Reuters) – Corn-based ethanol, which for years has been mixed in huge quantities into gasoline sold at U.S. pumps, is likely a much bigger contributor to global warming than straight gasoline, according to a study published Monday. The study, published in the Proceedings of the National Academy of Sciences, contradicts previous research commissioned […] Read more
Tag Archives biofuel — page 10
ADM profit up nearly 14 percent on strong biofuel demand and ethanol margins
Jan 25 (Reuters) – Global grain trader Archer-Daniels-Midland Co reported a jump of nearly 14 percent in fourth-quarter earnings on Tuesday as rising biofuel demand and strong ethanol margins helped to boost operating profit at its carbohydrate solutions division. High energy and grain costs, however, clipped earnings at the corn-processing unit, as well as its […] Read more
Biofuel industry likely not culprit as feedgrain prices soar
Renewable fuel’s need for corn still has major effect on prices, but broken supply chains seen as bigger cause this time
The push and pull between using crops for food versus converting them for biofuel hasn’t hit the levels of the first decade of this century when sky-high oil prices saw the allure of the latter drive commodity prices higher. Corn prices are once again pushing up at a time when the need for feed is […] Read more
Biofuels future secure
The news today can seem dire for the biofuels industry, with much of the world promising to punt the internal combustion engine to the trash heap of history. But beneath the headlines, there’s no change to the booming potential for renewable fuels like canola biodiesel, the Canola Week conference heard. “There certainly is a lot […] Read more
Europe doubles down on renewable energy
The European Commission wants to double the amount of renewable energy sources in its overall energy mix but it remains uncertain what that might mean for Canadian canola demand. Earlier this year the commission published a proposal to revise the Renewable Energy Directive to include a target of 40 percent renewables by 2030, up from […] Read more
America commits to sustainable fuel for planes
The United States White House and three government departments are throwing their weight, and billions of dollars, at sustainable aviation fuel. In early September, U.S. President Joe Biden, the U.S. Department of Agriculture and the departments of energy and transportation announced an ambitious “grand challenge” to replace fossil fuel in the aviation business with biofuels […] Read more
China backs away from ethanol commitment
China’s ethanol consumption continues to fall well short of the government’s 10 percent blend mandate. The blend rate in 2021 is forecast at 2.1 percent, according to a recent report by the United States Department of Agriculture’s Foreign Agricultural Service. China declared in 2017 that it was moving to a nationwide E10 ethanol mandate by […] Read more
Largest U.S. biofuels producer pledges carbon neutrality by 2050
NEW YORK, Sept 15 (Reuters) – POET, the largest biofuels producer in the United States, said on Wednesday it is committed to achieving net-zero carbon emissions at its bioprocessing facilities by 2050, making it the latest company to pledge to reduce its carbon footprint to fight climate change. The Sioux Falls, South Dakota-based company also […] Read more
Canola crusher planned for southern Sask.
Another company has announced plans to build a new canola processing facility in Saskatchewan. Ceres Global Ag Corp. announced plans today to construct a $350 million canola crushing facility at Northgate, Sask., about 250 kilometres southeast of Regina. The proposed state-of-the-art facility will have the capacity to process between 1.1 million and 1.2 million tonnes […] Read more
EU biofuel restrictions could benefit canola
Countries get an early start on banning biofuel made from palm oil; in one case, the restrictions also include soybeans
Canola could be the big beneficiary of a growing movement in the European Union to ban other types of biodiesel feedstocks, says an industry executive. On March 22, 2021, Belgium notified the European Commission of its intention to ban biofuel made from palm oil and soybean oil effective Jan. 1, 2022. France was the first […] Read more
