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Spotlight
The controversial use of waivers to excuse some US fuel suppliers from fulfilling their biofuel blending obligations may have cut at least 1.6 billion gallons of biofuels from the anticipated mandates in 2016 and 2017, the Renewable Fuels Association (RFA) said Tuesday.
Italian energy producer Eni said it will start producing biodiesel at a plant in Gela, Sicily, after it converts the facility from oil refining by the end of 2018 as part of a wider €7 billion investment plan.
Japan is expected to import almost 100 million gallons of US-made corn-based ethanol following a change this week to the Asian country's biofuels policy.
Veolia, one of the world's largest environmental services conglomerates, has launched a new trading platform in the UK to buy and sell raw materials and biofuels, a move that could bring greater transparency to the burgeoning market for bio-energy feedstocks.
Headlines
20 Apr 2018
[RE]fuel Market Price CommentaryMarket Commentary
First full week of the new RTFO and activity remained muted, with much of direction drawn from the mineral oil complex, which saw fresh upward momentum take gasoil prices to new heights.
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Prices
Census Price Assessments: 20 Apr 2018
| p/cert. | +/- | ||
|---|---|---|---|
| RTFC Year 11 | 18.00 | +1.00 | |
| RTFC Year 10 | 13.00 | +0.75 | |
| Outright $/mt |
Spread to ULSD $/mt |
Spread to ULSD p/litre |
|
| UCOME | 1011.00 | 370.50 | 23.41 |
| FAME 0 | 851.00 | 210.50 | 13.30 |
| RME | 854.00 | 213.50 | 13.49 |
| ULSD | 640.50 | ||
| USD/GBP | 0.7141 | ||
| RTFC-RHI spread (waste based biomethane)* | |||
| p/kWh | p/litre | ||
| RTFC Year 10 | 0.55 | 2.11 | |
| * 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.
Our price assessments are intended to be used as price references for negotiation, and in physical spot and term contracts, as well as the settlement price for financial derivatives.
They can also be used for the valuation of physical inventories, mark-to-market valuations of financial instruments, and the creation of associated derived data.
For full details of how we assess, please refer to our methodology.
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Editor's Pick
The controversial use of waivers to excuse some US fuel suppliers from fulfilling their biofuel blending obligations may have cut at least 1.6 billion gallons of biofuels from the anticipated mandates in 2016 and 2017, the Renewable Fuels Association (RFA) said Tuesday.
Italian energy producer Eni said it will start producing biodiesel at a plant in Gela, Sicily, after it converts the facility from oil refining by the end of 2018 as part of a wider €7 billion investment plan.
Biofuels could account for almost a quarter of the energy used in the transport sector by 2050, a new report from multinational renewables agency IRENA said this week, which based its predictions on the highly optimistic assumption that pledges in the Paris climate agreement are met.
Argentina exported just 40,000 mt of biodiesel in February, versus 214,000 mt in January as fears over potential EU duties deterred flows, the latest statistics from Argentina’s Ministry of Energy showed.
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French biotech company Global Bioenergies has teamed up with German luxury carmaker Audi to test a gasoline blend that uses 34% biofuel generated from non-edible parts of sugar beet, without requiring modifications to existing engines.
EU institutions have given policy and financial backing to biomethane and biogas projects as part of moves to put farms on a surer financial footing, harness waste for renewable energy and shrink the carbon footprint of the agricultural sector.
Biofuels could account for almost a quarter of the energy used in the transport sector by 2050, a new report from multinational renewables agency IRENA said this week, which based its predictions on the highly optimistic assumption that pledges in the Paris climate agreement are met.
Veolia, one of the world's largest environmental services conglomerates, has launched a new trading platform in the UK to buy and sell raw materials and biofuels, a move that could bring greater transparency to the burgeoning market for bio-energy feedstocks.
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A group of Democratic and Republican senators from US biofuels-producing states have called on the Environmental Protection Agency to withhold the issuance of exemptions from biofuels regulations and publish the names of producers who already have them.
Canada has the potential to buy up to 200,000 mt of biodiesel per year from Argentine producers, but this new market would be far too small to compensate for lost business in the US, an industry source said this week.
Brazil can treble its productivity of biofuels by using crop residues and other feedstocks that are by-products of sugarcane and other crops, the head of the country’s biofuels strategy told a conference in Brussels last week.
The US corn lobby said this week it is “extremely troubled” by reports that Chevron and Exxon Mobil – two of the world’s richest companies – have been given exemptions to biofuels obligations that are reserved for small, financially-distressed companies.
The potential use of marine biofuels looks more promising after the International Maritime Organisation (IMO) on Friday agreed to cut greenhouse gas emissions from shipping by “at least” 50% by mid-century from a 2008 baseline, a move that will require alternatives to standard bunker fuels.
New biofuel targets in the UK take effect this Sunday, aiming to double the use of renewables in the UK transport sector by 2020, promote advanced biofuels from waste for use in sectors such as aviation, and reduce the country’s reliance on imported biodiesel.
Vivergo’s 420 million litre/year bioethanol plant in north-eastern England will restart production after a four-month shutdown, in view of recent government legislation to raise the mandate for biofuels, the company said in a statement on Tuesday.
German biodiesel producer Natural Energy West (NEW) said April 9 it will halve output at its 240,000mt/year plant in Marl, citing the impact of cheap imports from Argentina and Indonesia in the wake of rulings on EU antidumping duties.
Shell has proposed that the US, EU and China ban the sale of new petrol and diesel cars by 2035 to meet emissions goals set out in the 2015 Paris Agreement, in view of the company's longer-term plans to focus on higher margin distillates and advanced biofuels.