Market News

05.01.09

Brazil to Expand Oil Palm Acreage

Brazil is expanding its oil palm acreage in the Amazon region to meet its biodie...

05.01.09

American Lung Assoc. Reports on Biodiesel

The State of the Air Report 2009 by the American Lung Association states that bi...

04.29.09

Singapore To Create 18,000 'Green' Jobs

The Singapore government plans to create 18,000 more jobs and add $3.4 billion t...

04.29.09

Mission Receives Biodiesel Certification

Mission Biotechnologies has received International Sustainability and Carbon Cer...

04.29.09

Ukraine and Hungary to Cooperate on Biofuels

During the official visit of Ukrainian President Viktor Yushchenko to Hungary th...

04.29.09

Soybeans Push CPO Prices Higher

Palm oil prices are being pushed up by bullish factors relating to soybeans incl...

04.27.09

Philippine Coconut Oil Exports Down on Year

Philippine coconut oil exports slumped an 35.8% on the year in March for a ninth...

04.27.09

CPO Prices To Stabilize Until August

CPO prices are expected to stay around $722/mt until August on the back of stead...

04.27.09

Vopak Reports Q1 Profit Increase

Dutch logistics company Vopak reported a 15% increase in its first-quarter opera...

04.27.09

Argentina Soy Harvest Estimate Lowered

Last week, the Buenos Aires Grains Exchange lowered its estimate of Argentina's ...

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US May Adopt 36 Billion Gallon RFS

12.07.07

The US House of Representatives has passed the Energy Independence and Security Act to expand the nation’s Renewable Fuels Standard (RFS) to 36 billion gallons by 2022.

The legislation specifically requires that 500 million gallons of biodiesel and biomass-based diesel fuel be blended into the diesel pool in 2009, gradually increasing to one billion gallons by 2012.

The bill extends the biodiesel tax incentive through Dec. 31, 2010, but excludes co-processed renewable diesel from receiving the tax credit along with foreign-produced biodiesel brought to the US then exported.

Before the legislation can become law, it must be passed by the US Senate and signed by the president. The White House has indicated it may veto the bill if passed into law as the House version.



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