Biofuels

Velocys commercial-scale biorefinery plans move forward

Velocys plc announced that the US Department of Agriculture (USDA) has invited Velocys to submit a Phase II Application to obtain a loan guarantee for a commercial-scale biorefinery. This invitation was made after a successful Phase I Application process. The loan guarantee could apply to up to $200 MM of debt as part of the total installed cost of the project.

Porvoo is first city in Finland to use Neste renewable diesel in all diesel vehicles

Porvoo is the first city in Finland to start using Neste MY Renewable Diesel, produced 100% from waste and residues, in all of its diesel-fueled vehicles during this year. The municipal engineering department of Porvoo and the free summer bus Rinkeli will start using the product immediately.

US CFTC says it is not probing Icahn's activity in biofuels credits

WASHINGTON (Reuters) — The US Commodity Futures Trading Commission informed eight Democratic US senators last month that it is not investigating biofuels credits after the lawmakers had urged it to probe billionaire Carl Icahn's activity in that market, according to a copy of a letter seen by Reuters on Monday.

Innovations

Andrew, Bob, Hydrocarbon Processing Staff

Siemens has been working closely with the National Cybersecurity Center of Excellence (NCCoE) at the National Institute of Standards and Technology (NIST) on a cyber security project.

China ethanol exports jump as Beijing boosts local output

BEIJING (Reuters) — China's ethanol exports soared in April from the same month the year before and imports slowed to a trickle, the latest sign that Beijing's drive to ramp up local output is upending trade flows in the world's fastest-growing biofuel market.

Brazil minister calls for protection, not tariffs against US ethanol

SAO PAULO (Reuters) -- Brazil needs to protect its ethanol industry from US corn ethanol with measures other than import tariffs, Mining and Energy Minister Fernando Coelho said on Monday, adding that new tariffs could provoke damaging retaliation.

ANL, NREL receive funding to blend Gevo isobutanol with gasoline

ENGLEWOOD, Colo. -- Gevo, Inc. announced that it was selected to collaborate with researchers at the US Department of Energy (DOE) as part of DOE’s Small Business Vouchers (SBV) program.

US Democratic senators seek probe into Icahn’s biofuel credit dealings

WASHINGTON (Reuters) -- Eight Democratic senators asked US regulators on Tuesday to launch an investigation into billionaire Carl Icahn’s activities in the US biofuels blending credit market, saying the activist investor may have violated trading laws since becoming an adviser to President Donald Trump.

Praj unveils India’s first integrated bio-refinery

PUNE, India -- Nitin Gadkari, India's Minister for Road Transport, Highways and Shipping, inaugurated Praj's cellulosic ethanol demonstration plant near Pune, India. It is India's first integrated bio-refinery.

Big short position on biofuels generated profit for Icahn's refiner

NEW YORK (Reuters) -- Carl Icahn's big bet on falling prices for biofuels credits generated a rare profit in that area last quarter for the billionaire investor's refining company CVR Energy, according to public filings.