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The UK government has issued 827 million Road Transport Fuel Certificates (RTFCs) so far in the year 10 compliance period, according to data released Thursday by the Department for Transport (DfT).
The use of biofuels in jet fuel might not necessarily reduce global warming from contrails emitted by aircraft, according to a new academic study from the Massachusetts Institute of Technology.
Prices in the UK’s Renewable Transport Fuel Certificate market saw hefty falls through the course of the week, with market sources seeing values arc downwards from levels around 19p last week to trade at 15.8p by Wednesday.
Spain’s consumption of biodiesel increased 12% in the first eight months of 2017 as the country stepped up its blending requirements, although falling diesel car sales last year are likely to have slowed demand for biodiesel compared with a business-as-usual scenario, government data released last week shows.
Philadelphia Energy Solutions, one of the largest oil refiners in the eastern US, is trying to extricate itself from bankruptcy proceedings related to its biofuels obligations under the US Renewable Fuel Standard.
After a dogged rise on the back of firmer crude values, diesel prices seemed to have settled into a rut with week-on-week changes for low sulphur diesel showing a modest $2/mt fall to $610/mt.
Prices for Year 10 and 11 certificates continued to face pressure, falling a further 0.2 p each to be assessed at 19.3 p/certificate and 19.5 p/certificate respectively taking it almost a penny above the theoretical value, according to Energy Census data.
CropEnergies, one of Europe’s biggest biofuels producers, increased its revenue by 20% to EUR679 million ($824 million) in the first three quarters of 2017, up from EUR565 million in the equivalent period in 2016 as it reaped the rewards of higher prices.
Sales of diesel cars have fallen in major car markets across Europe, data released since the New Year shows, a trend that may have to prompt a rethink on how much biodiesel will be consumed by the transport sector.
The arrival of 2018 heaped fresh pressure on Year 10 and Year 11 certificates as a perfect storm of legislative inertia, rising mineral energy prices and cold weather continued to harry prices.
UK sales of new diesel cars will likely plunge further this year as environmental concerns, emissions testing scandals and uncertainty about future regulation will give biofuels producers plenty to think about in 2018.
Pressure on European biodiesel prices has undermined the values for the UK’s renewable transport fuel certificates (RTFC) as the biofuel’s relatively low price has seen market sources turning to the fuel rather than buying certificates to cover their renewable obligations, market sources said Friday.
The UK could add as much as 180 TWh of biomethane production by 2050 to help tackle carbon emissions in both transportation and domestic heating, delegates at the Renewable Energy Association’s Biomethane as a Transport Fuel conference were told Thursday.
Leftover waste from manufacturing Greek yoghurt can be used to produce biofuels and reduce carbon emissions, a new study has said.
Jet engine maker GE Aviation has started testing jet engine combustor components with a jet fuel using US firm Gevo’s renewable alcohol-to-jet fuel (ATJ).
The area of crops used for biofuels saw an increase of 40% between 2015/16 and 2016/17, according to data released last week by the UK’s Department for Environment, Food and Rural Affairs (Defra).
A further bout of pressure came to RTFC prices at the end of the week, with trades heard done in the region of 20p for Year 10, and bids retreating to levels around 19.5p for both Year 10 and Year 11.
Trading in the UK’s Renewable Transport Fuel Certificates has slowed as market participants grow increasingly concerned about delays to the introduction of the government’s proposed changes to the Renewable Transport Fuel Obligation, the scheme underpinning the UK’s renewable transport fuel.
All cities and provinces in Vietnam will stop selling RON 92 gasoline (also known as A92) by the end of December and start selling 5% bioethanol (E5) across the country from January 1, the Ministry of Industry and Trade said this week.