Global News Summary
WEDNESDAY EDITION July 28, 2010 Volume 6 Issue 78 Global BP REPORTE...
WEDNESDAY EDITION July 21, 2010 Volume 6 Issue 75 Global GOLDMAN SA...
FRIDAY EDITION July 16, 2010 Volume 6 Issue 73 North America DEMOCR...
WEDNESDAY EDITION July 14, 2010 Volume 6 Issue 72 Global OILEASES B...
North America MASSACHUSETTS SUSPENDS BIODIESEL MANDATE Massachusetts has s...
WEDNESDAY EDITION June 23, 2010 Volume 6 Issue 66 Global OIL FALLS ...
North America NO CLEAR ANSWERS ON ENERGY LEGISLATION YET Senate Majority L...
North America BP ATTEMPTS AGAIN TO SHUT GULF OIL WELL BP’s planned attempt ...
North America ASA: SOY BIODIESEL CAN FULFILL RFS WITHOUT NEGATIVE IMPACTS...
North America EPA TO BEGIN ANALYSIS OF PROPOSED CLIMATE BILL The US EPA wil...
October 26, 2009
Volume 5 Issue 66
IATA TO APPROVE AVIATION BIOFUELS BY 2010
The International Air Transport Association stated that it will approve biofuels for commercial flights by next year. “The three biggest opportunities for emissions reductions are technology, infrastructure and sustainable biofuels. Of these, sustainable biofuels are the most exciting because for the first time air transport has the possibility of an alternative to traditional jet fuel,” Giovanni Bisignani, IATA’s Director General and CEO said.
DRAFT GLOBAL WARMING BILL RELEASED FRIDAY
Late Friday, Sens. John Kerry and Barbara Boxer released a complete draft of their global warming bill, with details on how emission allowances would be distributed around the economy in a mandatory cap on GHGs, setting the stage for Boxer to move the measure through the Senate Environment and Public Works Committee quickly, E & E news reports.
BIOFUELS PUMP PROGRAM LAUNCHED IN NORTH DAKOTA
North Dakota Gov. John Hoeven announced last week a new $2-million biofuels blender pump program that will provide cost-share grants for the installation of ethanol and biodiesel pumps. State grants of up to $5k per pump and $40k per retail station will be available.
EL PASO BIODIESEL PLANT TO EXPAND
Global Alternative Fuels plans to increase production from 5-million gal/yr to 20-million gal/yr at their biodiesel plant in El Paso, TX. The plant processes virgin veg oils, as well as yellow and brown greases, and animal fats.
ORIGINOIL CLAIMS HIGHEST ALGAL OIL EXTRACTION
In collaboration with a research lab at California State University, OriginOil has achieved the highest level of algae oil extraction through its Single Step Extraction process to produce renewable fuel, Reuters reports. The typical efficiency for oil extraction is 94-97%, but OriginOil claims to have extracted 97%.
REPORT: RENEWABLE ENERGY STANDARD SUPPORTS FARMING AND FORESTRY SECTORS
University of Tennessee's Bio-Based Energy Analysis Group announced findings of a research project focused on a national renewable energy standard, stating that such a measure would create significant market opportunities for biomass from the agricultural and forestry sectors, and have a positive effect on farm income.
BRASIL ECODIESEL STOCK JUMPS
Brasil Ecodiesel stock jumped 3.4% to $0.71 Friday, the highest price in 13 months, after the government raised the biodiesel blending mandate to 5%, and on news that the International Air Transport Association may approve biofuels for commercial aviation starting next year, Bloomberg reports.
EU BIODIESEL PAPER SWAPS INCREASING
Biodiesel paper swaps transactions are capturing an increasing share of the market in over-the-counter biodiesel trading on increased trader confidence after the EU began taxing US biodiesel imports, Argus reports. Some traders are opting to trade swaps rather than physical biodiesel as they prefer the liquidity that the paper market offers in contrast to a physical market, which can be affected by quality specifications.
Asia / Pacific
MALAYSIA NOW CONSIDERING LOWER BIODIESEL MANDATE
Malaysia is considering revising downward its proposed 5% biodiesel mandate beginning Jan, 2010 on concerns about the government's increased spending. Malaysia's Ministry of Plantation Industries and Commodities said it wants to propose sales of either B3 or B2 blends, as a B5 mandate will cost around $74-million to fully implement.
THAILAND TO INCREASE ETHANOL EXPORTS
Thailand is expected to ramp up ethanol exports this month as more domestic plants come on stream in Q4, and spot supplies become available, Argus reports. Three tapioca-based ethanol plants commenced production this month, and the government lifted the ban on ethanol exports.
INDONESIA CONTINUES ZERO CPO EXPORT TAX
Indonesia will continue to not tax crude palm oil exports in November as global palm oil prices remain low, CME reports.
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