The global biodiesel market is expected to be worth a whopping $12.6 billion in 2014. A new market research report, “Global Biodiesel Market (2009 – 2014),” put out by MarketsandMarkets, details how the European market should make up about 55.6 percent of the revenues and 28.6 percent in the Americas. Increasing environmental concerns and the need for energy independence have …
Congress Warned About Biodiesel Incentive Lapse
Failure once again to renew the $1-per-gallon biodiesel tax incentive is putting jobs and the industry’s growth at risk. The incentive lapses on Dec. 31st of this year, and the National Biodiesel Board (NBB) has sent out a warning letter to Congress as that date grows near. “This marks the third time in five years that this incentive will have …
EPA Invalidates 33.5 Million RINs from Indiana Co.
The U.S. Environmental Protection Agency has invalidated 33.5 million Renewable Identification Numbers (RINs) worth about $13.4 million sold by Indiana-based E-Biofuels LLC. This story from the Indiana Business Journal says while Big Oil has jumped on the announcement as an indictment of the Renewable Fuel Standard (RFS), biodiesel advocates are quick to point out this is just an isolated incident …
54 Reps Call for Reversal on Biodiesel RFS Proposal
Fifty-four members of Congress from both sides of the political aisle are calling on the Obama Administration to reverse course on its proposal to cut the amount of biodiesel to be required to be blended into the Nation’s fuel supply. This news release from the National Biodiesel Board says the call comes as the Environmental Protection Agency (EPA) has proposed …
DF Cast: EPA Proposal More Than Just Numbers
We’ve heard a lot of the national numbers in the Environmental Protection Agency’s proposal to cut the amount of ethanol and biodiesel going into the country’s fuel supply… cellulosic biofuels at 17 million gallons, biomass-based diesel at 1.28 billion gallons, advanced biofuels at 2.20 billion gallons and renewable fuels at 15.21 billion. But outside of all these national numbers is …
Biodiesel Giant REG Buying Syntroleum
Iowa-based Renewable Energy Group (REG) is planning on buying the assets of Oklahoma’s Syntroleum Corporation. REG announced it had agreed to acquire all of Syntroleum’s assets, including the company’s pioneering Fischer-Tropsch gas-to-liquids and renewable diesel fuel technologies and the company’s 50 percent share in Dynamic Fuels’ 75-million gallon renewable diesel production facility in Geismar, Louisiana. The deal is worth nearly …
Obama’s Proposed Biodiesel Cuts Could Cost Dems
Democrats looking to make gains on the Republican majority in the U.S. House and hold back any possible GOP takeover in the Senate in the 2014 elections could be hurt by the Obama Administration’s proposal to cut the amount of biodiesel in the Nation’s fuel supply. And that criticism is coming from one of the Democratic Party’s own. This opinion …
Soybean Board Offers Winter Biodiesel Storage Tips
As the latest winter storm bears down on a large part of the country, the United Soybean Board is offering some cold weather tips for biodiesel. This post on Southeast Farm Press says the cold can cause problems for both biodiesel and No. 2 diesel, so there are some things you need to do in the way of tank maintenance. …
Biomass-based Diesel Supply Curves Examined
Rapid growth in the renewable diesel market has some big implications for biodiesel, especially considering biomass-based diesel supply curves. In the latest of some really well-thought out analyses, University of Illinois Ag Marketing expert Scott Irwin gets into the issue of supply responsiveness from biodiesel to the broader category of biomass-based diesel. He starts out explaining the difference between biodiesel, …
Toyota Racing Biodiesel SUV in Dakar Rally
Toyota will race a biodiesel-powered SUV in the 2014 Dakar Rally. This story in the Japan Times says Toyota Auto Body Co. team will run a Toyota Land Cruiser 200 in the roughly 5,500-km off-road race through Argentina, Bolivia and Chile next month. The Land Cruiser will run on biodiesel made from used cooking oil, emitting 60 percent less carbon …