Oilseed prices, including canola, rose following the announcement of new U.S. biofuel targets last week. The U.S. Environmental Protection Agency’s overall biofuel target of 19.28 billion gallons for 2017 was larger than expected and the component for advanced biofuels of 4.28 billion gallons, which includes biodiesel from vegetable oil, was particularly strong. On Nov. 27, […] Read more
Tag Archives biofuel — page 13
Prairie ethanol sector hits tough times
The industry says the closing of a plant in Weyburn, Sask., is a sign that all is not well in the biofuel sector
A Saskatchewan ethanol plant has shut down because of low fuel prices, high feedstock costs and the loss of government incentives. NorAmera BioEnergy Corp. stopped producing ethanol at its Weyburn plant in May after nine years in business. Chief executive officer Brad Hill said the freefall in crude oil prices to less than $60 per […] Read more
Corn-oil price link weaker but not gone
Analyst says corn prices could fall when ethanol-gas relationship normalizes
The link between crude oil and grain prices is broken, say analysts. Corn moved in lockstep with crude from 2008-10, when the U.S. ethanol industry was expanding and biofuel use mandates in the U.S. and elsewhere were rising. However, that is no longer the case now that no new plants are being built and mandates […] Read more
Biodiesel mandate hike wanted
Industry sets agenda | Canadian Renewable Fuels Association makes six recommendations
The Canadian Renewable Fuels Association has 2020 vision. The association released its 19 page Evolution and Growth document last week, which sets out a plan that will take the industry through the end of the decade. It includes six recommendations for provincial and federal governments on how they can support the biofuel sector. “These are […] Read more
U.S. corn making much of Canada’s ethanol
Canada’s ethanol mandate is being met in a large part by a torrent of U.S. corn ethanol flooding across the border. The five percent federal mandate requires 2.2 billion litres of ethanol to be blended into the fuel supply annually. Canadian fuel blenders imported 893 million litres of U.S. ethanol in 2012, according to the […] Read more
Biofuel support ignores other factors
Canada, the United States and the European Union have increasingly placed biofuel at the centre of their green strategies in the past decade. Initial studies highlighted the potential for large reductions in greenhouse gas emissions. Rural leaders support potential job creation by developing ethanol and biodiesel industrial plants, and farmers hope biofuel can act as […] Read more
