biofuel Archives | Page 2 of 16

Bunge Q4 profit falls on weak crush margins, forecasts 2025 earnings drop

Trade tensions and biofuel uncertainty weigh on sector

By Karl Plume, Reuters February 5, 2025

U.S. crop commodities trader Bunge Global posted a larger-than-expected quarterly profit drop on Wednesday and warned that 2025 earnings could sink to the lowest in six years as trade tensions and biofuel policy uncertainty drag on the agricultural sector.

News

ADM quarterly profit falls on weak crush margins, announces layoffs

By Karl Plume February 4, 2025

Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750 […] Read more

FILE PHOTO: Brooke Rollins, President and CEO of the America First Policy Institute speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Andrew Kelly/File Photo

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Trump’s USDA secretary pick led group opposed to ethanol, farm subsidies

By Leah Douglas, Reuters January 23, 2025

President Donald Trump's pick to run the Agriculture Department, Brooke Rollins, led an organization that opposed ethanol mandates and farm subsidies, major programs she could influence if confirmed, according to a Reuters review of the group's policy statements.

<p>The ethanol plant in Aylmer, Ont. developed by Integrated Grain Processors Co-operative has been acquired by Belgian company AlcoEnergy.

Crops, News

IGPC Ethanol acquired by Belgian energy company

Acquisition could lead to diversified ethanol output, ends co-operative business model

By Jonah Grignon January 22, 2025

IGPC Ethanol has been acquired by Belgian energy company Alco. The merger could see the Aylmer plant, Canada’s second-largest producer of ethanol, diversify its output.

Crops, News

USDA announces new interim rule for biofuel guidelines

By Adam Peleshaty, MarketsFarm Team January 15, 2025

The U.S. Department of Agriculture announced a new interim rule on Jan. 15, 2025 to aid production of biofuel feedstock crops as well as promote climate-smart agriculture.

News

U.S. Treasury releases guidance on clean fuels tax credits

By Phil Franz-Warkentin January 10, 2025

The United States Department of the Treasury together with the Internal Revenue Service released much-anticipated short-term guidance on tax credits for biofuels on Jan. 10, giving the soyoil market a boost to end the week.

Pongamia pinnata. Photo: University of Florida

Crops

Idemitsu to begin trial of non-edible oilseed crop for aviation fuel

By Reuters January 9, 2025

Idemitsu Kosan will begin a trial plantation of the non-edible oilseed tree crop Pongamia in Australia from mid-January to assess its potential as a feedstock for sustainable aviation fuel (SAF), the Japanese crude oil refiner said on Thursday.

Markets, News

US biofuel producers ramped up in Oct as profitability improved, data shows

By Reuters, Shariq Khan January 3, 2025

U.S. renewable diesel producers utilized 77 per cent of their total operable capacity in October, the highest since July 2024, the data showed. Biodiesel plant utilization rose to 89 per cent, the highest since June 2023.

News

US funding bill includes plan to allow year-round sales of higher ethanol blend fuel

By Jarrett Renshaw, Reuters, Stephanie Kelly December 18, 2024

A U.S. government funding bill released on Tuesday included a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies.

News

Biden administration will not finalize clean fuel tax credit guidance

Ethanol producers hoping aviation fuel would provide market growth after amid stagnant demand

By Reuters December 4, 2024

Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president's climate agenda.

Tag Archives biofuel — page 2

Bunge Q4 profit falls on weak crush margins, forecasts 2025 earnings drop

ADM quarterly profit falls on weak crush margins, announces layoffs

Trump’s USDA secretary pick led group opposed to ethanol, farm subsidies

IGPC Ethanol acquired by Belgian energy company

USDA announces new interim rule for biofuel guidelines

U.S. Treasury releases guidance on clean fuels tax credits

Idemitsu to begin trial of non-edible oilseed crop for aviation fuel

US biofuel producers ramped up in Oct as profitability improved, data shows

US funding bill includes plan to allow year-round sales of higher ethanol blend fuel

Biden administration will not finalize clean fuel tax credit guidance

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