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India's Union Cabinet on May 17 approved a national policy on biofuels that aims to find a market for surplus production and crop residues, and at the same time reduce the country's fuels imports.
Total SA will substitute some crude palm oil for waste oils at its new La Mède biodiesel refinery, after the French government requested a reduction in the use of the controversial feedstock.
A meeting of EU legislators this week made little headway on the recast of the Renewable Energy Directive, heightening the prospect that agreement on key elements of the file won’t emerge for several months, prolonging uncertainty for the biofuels sector.
The European Commission will on 17 May propose its first ever CO2 standards for trucks, a move that will likely reduce overall fuel demand per truck, but could spur demand for higher biofuel blends and other alternative fuels across the sector.
Headlines
18 May 2018
Latest RED II trilogue makes scant progress 18 May 2018
[RE]fuel Market Price CommentaryMarket Commentary
Creeping crude prices underpinned the principle moves in the UK’s RTFC market this week, with physical low sulfur diesel prices up over $22/mt from last Friday, to poke just above the $699/mt level.
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Prices
Census Price Assessments: 18 May 2018
| p/cert. | +/- | ||
|---|---|---|---|
| RTFCw Year 11 | 18.25 | -0.50 | |
| RTFCc Year 11 | 18.25 | -0.50 | |
| RTFC Year 10 | 12.50 | -0.75 | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | 1065.25 | 366.00 | 24.04 |
| FAME 0 | 925.25 | 226.00 | 14.84 |
| RME | 925.25 | 226.00 | 14.84 |
| ULSD | 699.25 | ||
| USD/GBP | 0.7421 | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| RTFCw Year 11 | 1.99 | 7.36 | |
| * 3 pence/kWh RHI | |||
Energy Census RTFC and Biofuel Price Assessments
Energy Census is an independent price reporting agency (PRA) that offers an impartial, robust price reporting service dedicated to providing pricing transparency in the biofuel and related certificate markets.
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Editor's Pick
India's Union Cabinet on May 17 approved a national policy on biofuels that aims to find a market for surplus production and crop residues, and at the same time reduce the country's fuels imports.
The European Commission’s proposals to limit carbon dioxide emissions from trucks have missed an opportunity to promote viable alternatives to biodiesel and failed to demonstrate “carbon neutrality”, the main lobby group for biomethane in transport has said.
Total SA will substitute some crude palm oil for waste oils at its new La Mède biodiesel refinery, after the French government requested a reduction in the use of the controversial feedstock.
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A meeting of EU legislators this week made little headway on the recast of the Renewable Energy Directive, heightening the prospect that agreement on key elements of the file won’t emerge for several months, prolonging uncertainty for the biofuels sector.
The European Commission’s proposals to limit carbon dioxide emissions from trucks have missed an opportunity to promote viable alternatives to biodiesel and failed to demonstrate “carbon neutrality”, the main lobby group for biomethane in transport has said.
Fuels derived from waste plastic need to be excluded from the EU’s recast of the bloc’s renewable energy directive, campaign groups have urged as EU lawmakers try to find agreement on alternative fuel use.
Total SA will substitute some crude palm oil for waste oils at its new La Mède biodiesel refinery, after the French government requested a reduction in the use of the controversial feedstock.
More News
US senator Chuck Grassley has said that the chief of the Environmental Protection Agency Scott Pruitt should resign if changes to the country’s biofuels laws reduce ethanol volumes.
Argentina exported 65,200 mt of biodiesel in March, up compared to 43,000 mt in the same month the previous year, the latest statistics from Argentina’s Ministry of Energy has showed.
Upcoming talks to recast the renewable energy directive may focus on limiting the environmental impact of crop-based biodiesels, particularly those derived from soyoil and palmoil.
Argentina is expected to export some 700,000 mt of biodiesel during 2018, down from the 1.2 million mt in 2017, Gustavo Idigoras, a consultant with Carbio, told Energy Census.
Global employment in the biofuels sector expanded 12% last year to 1.93 million, as production of ethanol and biodiesel increased in most major producing countries, renewable energy agency IRENA said in a report published this week.
Andeavor, one of the largest fuel refiners in the US, has reported saving $100 million since 2016 because of lower compliance costs related to the Renewable Fuel Standard.
Argentina’s agriculture minister Luis Etchevehere has held talks with his counterpart, US agriculture secretary Sonny Purdue, to discuss issues including the duties imposed on Argentine biodiesel exports.
Germany-based biofuels producer Verbio has reported a 5% drop in earnings during the first nine months of financial year 2017/18 as the company experienced a faster-than-expected fall in margins despite high utilization rates at its plants.
US ethanol producers will be able to sell the E15 blend all year round and exported ethanol will be allowed to count towards volumes mandated under the Renewable Fuels Standard, following a tentative compromise deal agreed at the White House yesterday.