| Commodity Market News |
EU bioethanol production rises 31% in 2009 -body
29 July 2010
Bioethanol production in the European Union rose by 31 percent in 2009, while consumption grew by 23 percent.The EU production was estimated at 3.7 billion litres, up from 2.8 billion the previous year, while consumption climbed to 4.3 billion from 3.5 billion.
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Brazil to open second gen. ethanol mill in 2012
29 July 2010
Brazil will produce second generation ethanol biofuel from cellulosic plant material on a commercial scale from 2012 as progress made in cutting costs makes the process more viable.
Brazil's industry-funded Cane Technology Center (CTC) said the new plant will adjoin an existing cane mill and use bagasse and straw left over from conventional sugar-derived ethanol production.
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Canola oil would qualify for biodiesel mandate-EPA
29 July 2010
Biodiesel made from canola oil would emit 50 percent less greenhouse gas than petroleum diesel fuel, which would make it eligible for the U.S. mandate to increase renewable fuel production.EPA data that compares greenhouse gas emissions between biodiesel and conventional diesel, released on Monday, shows canola oil would meet a key eligibility requirement for the U.S. Renewable Fuel Standard program.
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Ethanol Prospects Turning A Corner
27 July 2010
Ethanol producer margins in USA are starting to improve slightly following their recent tumble to one-year lows, while ethanol futures seem to have found their feet after the late-June plunge to below $1.50 a gallon for only the third time in that contract's history. But given the floundering attempts to overhaul U.S. energy legislation, it is clear that ethanol producers will continue to operate without any clear federal guidelines and support and are not out of the woods yet.
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Argentine biodiesel output to rise 25 pct next year
27 July 2010
Biodiesel output in Argentina, one of the world's top exporters, will rise by at least 25 percent next year. Plentiful soybean oil supplies, low costs and a favorable export tax regime have spurred a rapid increase in production capacity in the South American country, which began exporting biodiesel in significant quantities just three years ago.
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Brazil sthanol contract shows modest day-one trade
26 May 2010
The new hydrate ethanol futures contract on Brazil's BM and FBovespa , the world's third largest trading exchange operator, ended its first day of trade with modest activity on Monday.
Seventy-nine contracts for 30 cubic meters (30,000 liters) of hydrate ethanol each were traded on Monday, with expiries in the months July, August, October and November.
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Brazil ethanol sector anxious tomake stocks-UNICA
26 May 2010
Brazil's cane sector is eager for the government to follow through quickly with promised financing to enable ethanol-producing mills to build stocks and avoid a repeat of the biofuel's wild price swings last year. The government said it intended to lend 2.5 billion reais ($1.4 billion) to ethanol producers to provide them with working capital they will be deprived of by putting part of their product into storage to guarantee supplies after harvesting ends in December.
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Abengoa starts up new bioethanol plant this week
26 May 2010
Spanish renewable energy firm Abengoa planed to start up a new bioethanol plant in May 2010 in Rotterdam with a capacity of 480 million litres a year.
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Reforms needed as China plans unconventional gas push
11 May 2010
China's plans to triple natural gas use by 2020 by tapping potential massive supplies locked up in vast coal and shale deposits hinge on policy reforms to allow more foreign investment and a gradual switch to market pricing.
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Chile top refinery restarts June, fully back Q3
09 April 2010
Chile Mining Minister Laurence Golborne has announced that the country's 116,000 barrel-per-day (bpd) Bio Bio oil refinery would begin resuming production in June and reach full capacity in the third quarter.The Bio Bio refinery had earlier suffered serious damage in the earthquake.
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