The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
Tag Archives biofuels
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
Manitoba earmarks funds for sustainable aviation fuel plant
The facility may produce as much as one billion litres of canola and soy-based jet fuel
Calgary-based firm Azure Sustainable Fuels Corp. plans to use Canadian feedstock like soybean and canola oils to produce as much as one billion litres of renewable aviation fuel per year, the news release added.
Biden backs ethanol industry on low-emission aviation fuel tax credits
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
U.S. EPA denies nearly all biofuel blending exemption petitions
Refineries didn't prove hardship, agency said
New York | Reuters — U.S. President Joe Biden’s administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel. The Environmental Protection Agency (EPA), which has the authority to issue the exemptions, denied 26 petitions from 15 small refineries […] Read more
U.S. to boost biofuel mandates over next three years
Biofuel groups still feel shortchanged
Reuters — The Biden administration on Wednesday increased the amount of biofuels that oil refiners must blend into the United States’ fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough. The U.S. Environmental Protection Agency has finalized […] Read more
Bunge expects U.S. renewable diesel capacity of about five billion gallons by 2024
Chicago | Reuters — U.S. renewable diesel production capacity will more than double to about five billion gallons by 2024 from about two billion gallons, Bunge CEO Greg Heckman said on Tuesday. The agricultural commodities trader has not altered its own capacity plans due to a U.S. government proposal on biofuels announced last week, Heckman […] Read more
What will King Charles’s reign mean for climate action?
Some projects may be handed to other family members
London | Thomson Reuters Foundation — As Britain’s King Charles III begins his reign after the death of his mother, Queen Elizabeth II, environmental campaigners will be watching closely to see if he continues to advocate for climate action and is able to help drive change as monarch. In his first speech to the nation […] Read more
Opinion: Different approach, same goal
Like their Canadian counterparts, U.S. farmers will soon have more funding available to adopt climate-friendly production practices. But unlike Canada, the U.S. is not adding to the federal deficit to fund its climate change initiatives. It is aiming to reduce its environmental footprint and decrease its deficit at the same time in a bid to […] Read more
U.S. grains: Wheat, corn down on Ukrainian export optimism
Soybeans firm on biofuel talk
Chicago | Reuters — Chicago wheat sank on Wednesday for a second straight session to the lowest in nearly two months, as the market gauged diplomatic talks to unblock Ukrainian ports, while U.S. rainfall across the plains added pressure to prices. Corn followed, dropping to a nine-week low, as U.S. farmers caught up on planting […] Read more
U.S. EPA proposes biofuel mandate cuts
Proposal seen as boost to pandemic-hit refiners
New York | Reuters — The Biden administration proposed on Tuesday a reduction in the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic. The long-awaited decision offers some relief to the U.S. refining industry after the health crisis slammed domestic demand […] Read more