Biofuels produced from waste cooking oil imported from China threaten Canada’s domestic canola market, an industry executive says, according to a report in Canada’s Western Producer. ‘It’s a big deal,’ said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. The association represents most of Canada’s crushers. He says, ‘It could displace a lot […]
The Korea Times reports that HD Hyundai Oilbank’s biofuels business is achieving important milestones to meet increasingly sophisticated market demand. The refinery said it completed Korea’s first biodiesel plant using supercritical fluid technology in April and is now in commercial operation. The plant reportedly aims to produce 130,000 tonnes of biodiesel per year. The company […]
Fastmarkets and Intercontinental Exchange (ICE) announced on 9 December the launch of the ICE Waste Cooking Oil (UCO) Gulf (Fastmarkets) futures contract to meet growing demand and address the complexities of the biofuel feedstock market. The launch provides market participants with a new risk management solution in the renewable energy sector. Fastmarkets says it is […]
UK freight company Chamberlain Transport has converted its local Palletforce collection and delivery vehicles to run on Hydrogenated Vegetable Oil (HVO) supplied by Certas Energy. With this change, the family-owned business expects to reduce its carbon emissions by more than 150 tonnes (150,000 kg) per year. Transport plans to use the first six months of […]
Only 10 of the world’s 77 airlines have made significant progress in transitioning to truly sustainable aviation fuels (SAF), while 87 per cent have failed to take this step, according to a newly released ranking by Transport & Environment (T&E). The majority of companies are underperforming in their use of sustainable fuels, or even failing […]
In Singapore, the shipping industry is increasingly using biofuels such as fatty acid methyl esters (FAME). However, concerns have arisen about the legality of biofuels and whether they are truly sustainable. Industry bodies have found a growing number of cases of mislabelling of biofuels purportedly made from recycled fats and oils, while suspicions remain that […]
Phillips 66 announced on 5 December that it has signed an agreement with United Airlines for Phillips 66 to supply sustainable aviation fuel (SAF) to United Airlines at Chicago’s O’Hare International Airport (ORD) and Los Angeles International Airport (LAX), helping to advance the development of low-carbon fuels in Illinois and California. Phillips 66 will supply […]
The German government is under pressure to stop imports of contaminated Chinese biofuels that threaten local industries. A loose coalition of German biofuel makers, environmentalists and lawmakers want the government to set up a system of inspections and sanctions by 1 January to stem the tide of palm oil-blended biofuels. Germany and the European Union […]
The US exported 18,718 metric tonnes of B30 or higher biodiesel and biodiesel blends in October, according to data released by the USDA’s Foreign Agricultural Service on 5 December. Biodiesel imports for the month reached 70,228.9 metric tonnes. Biodiesel exports in October were 18,718 metric tonnes, down from 67,675.3 metric tonnes exported in September and […]
Congress must extend the long-term biodiesel blenders tax credit (BTC) in response to published reports that the U.S. Treasury and IRS are unlikely to issue guidance governing the implementation of the Clean Fuels Production Tax Credit, also known as 45Z, before the end of the year, fuel retailers associations NATSO and SIGMA said. The organisation […]