As we reported earlier this week, the latest USDA 2013 Prospective Plantings report says corn acreage will be at its highest level ever, but soybeans are expected to be lower. You would think that could be bad news for biodiesel makers, who make the green fuel primarily from soybeans. But Biodiesel Magazine points out that biodiesel refineries are already clamoring …
Biodiesel Giant REG Inks Deal for Fuel Tax Software
The nation’s largest biodiesel maker, Ames, Iowa-based Renewable Energy Group (REG), signed a multi-year deal with energy industry software and services company FuelQuest Inc. Biodiesel Magazine reports the deal will give REG a more accurate, transparent and agile way to calculate fuel taxes on invoices: “Our business is growing quickly across North America,” said Jonathon Schwebach, senior manager of tax …
Report: Iowa Biodiesel Sales Triple In 2 Years
According to a new report from the Iowa Department of Revenue (DOR), the total amount of biodiesel blended into diesel in Iowa has more than tripled from 7.4 million gallons in 2010 to 23.3 million gallons in 2012. The report also shows that biodiesel’s market penetration has also made great strides, with biodiesel now blended in 42.6 percent of all …
Illinois Soybean Assn. Gets Pumped Up for Biodiesel
The Illinois Soybean Association’s checkoff-funded campaign touting the benefits of biodiesel is getting ready to make its next stop at a major petroleum tradeshow. Started in early February, ISA’s “Get Pumped Up!” On Biodiesel campaign goes to Indianapolis, Ind., for the Midwest Petroleum and Convenience Tradeshow (M-PACT), April 16-18th: “A strong and growing biodiesel industry strengthens the Illinois soybean industry …
BIOX, Shell Canada Ink Biodiesel Supply Agreement
A biodiesel supply agreement between BIOX Corporation and Shell Canada is touted as being a big benefit for both Canadian companies. This BIOX news release says the company will pipe biodiesel from BIOX’s Hamilton refinery to the adjacent Shell distribution terminal and will provide a market for the refinery’s 67 million liters (approximately 17.6 million gallons) of biodiesel while helping …
Biodiesel Board’s Howell Picked as AOCS Fellow
In an honor bestowed on just a few, the American Oil Chemists’ Society honors the National Biodiesel Board’s technical director Steve Howell with the prestigious AOCS Fellow Award. This NBB news release says Howell has been with the board for more than 20 years as it was just getting started, leading the biodiesel industry through completing Health Effects testing, establishing …
Biodiesel RIN Defrauder Gets 15+ Year Sentence
The Environmental Protection Agency is showing it’s serious about holding up the integrity of the Renewable Identification Number (RIN) system for renewable energy credits. The Lubbock (TX) Avalanche-Journal reports Jeffrey David Gunselman, the founder of Lubbock-based Absolute Fuels, got more than 15 years in prison and has to pay nearly $55 million in restitution and a $175,000 fine for his …
Good Time to Invest in Biodiesel
If you’re looking to put your money in renewable energy, this might be the time to look at investing in biodiesel. Ron Kotrba from Biodiesel Magazine outlines his 11 reasons, with good sources for each reason, why the green fuel might be paying back in greenbacks: 1. Jump in on a growing market: The U.S. biodiesel industry is poised for …
Genuine Bio-Fuel Intros ‘Second Chance Program’
Genuine Bio-Fuel has designed a new program, called the ‘Second Chance Program,’ for staffing its company with quality, dedicated employees as well as to assist former inmates and Veterans reestablish themselves within society. Executive Vice President of Genuine Bio-Fuel Inc. Jeff Longo believes, “companies in the alternative energy industry have a responsibility to spur job creation. What better way to spark …
Cal Energy Comm. Gives $5.5 Mil for Green Projects
Several projects ranging from biodiesel to electric vehicles to propane will be the benefactors of $5.5 million in California Energy Commission awards from the Commission’s Alternative and Renewable Fuel and Vehicle Technology Program: “These investments are moving the state forward toward a clean transportation sector,” said Energy Commission Chair Robert B. Weisenmiller. “Today’s awards will help to expand renewable biofuels, …