Hart Energy
Date: July 28, 2010 Volume: XXII, Issue: 29 PRINTER FRIENDLY
bulletFEATURES
bulletPRICES & MARKETS
bulletLEGISLATION & POLITICS
bulletTECHNOLOGY UPDATE
bulletINDUSTRY & FACILITY NEWS
bulletINTERNATIONAL DEVELOPMENTS

LEGISLATION & POLITICS

U.S. Congressional Budget Office Report Questions Continued Biofuels Subsidies

U.S. Senate Energy Committee chairman Jeff Bingaman (D-New Mexico) this month released a report from the U.S. Congressional Budget Office (CBO) that questions the value of continued U.S. taxpayer subsidies for biofuels.

President Obama to Veto Legislation, Suspending EPA’s Climate Rules

According to an unnamed White House official, Politico reported July 23 that “President Barack Obama would veto legislation suspending the Environmental Protection Agency’s plans to write new climate change rules.”

CEA Warns of Scheme to Add ‘Low Carbon Fuel Standard’ to U.S. Senate Bill

Washington, D.C.-based Consumer Energy Alliance (CEA) officials warned July 21 of “behind-closed-doors” efforts to attach a “low-carbon fuel standard” provision to upcoming energy legislation in the U.S. Senate.

‘Green Scissors:’ Slash Oil, Gas, Coal, Nukes, Biofuel, CCS Subsidies

A “Green Scissors” report endorsed by several “green” groups as well as a taxpayer-rights group recommends eliminating tens of billions of dollars of U.S. federal subsidies and tax breaks for oil, gas, coal, nuclear and biofuels.

U.S. Senate Democrats Kill ‘Greenhouse’ Legislation

Seeing the impossibility of garnering the required 60 votes, U.S. Senate Democrats July 22 announced that they’ve given up on trying to pass “greenhouse gas” legislation this summer, likely killing any chance of passage in 2010.

TECHNOLOGY UPDATES

U.S. DOE Gives US$122 Million for Sunlight-Water-CO2 ‘Clean Fuel’ Research

U.S. Department of Energy officials announced July 22 that they’re awarding a California “energy innovation hub” research team US$122 Million to produce fuels from sunlight, water and carbon dioxide.

Algae-Biodiesel Net CO2 400% Worse Than Petroleum Diesel: Study

Algae-based biodiesel can be four times worse on net carbon dioxide emissions than petroleum diesel, according to a new study at University of Cambridge (U.K.).

New Generation Biofuels Files New Patent Application for Pyrolysis Oil-based Biofuel

Renewable fuels provider New Generation Biofuels Holdings, Inc. (NGBF) announced July 21 that it has filed for a patent application for their new pyrolysis oil-based biofuels.

Green Plains Renewable Energy to Implement Corn Oil Extraction Technology

Green Plains Renewable Energy, Inc. announced July 21 that it will implement corn oil extraction technology at its ethanol plants.

 

FEATURES

E15 Debate: Ad Campaign Calls for Testing, Industry Groups Call for Gov’t Action

On July 21, environmental and energy industry groups announced that they have joined together to sponsor an ad with the tagline “Say NO to untested E15” as part of an effort to persuade Congress and the U.S. Environmental Protection Agency (EPA) to reject the ethanol industry’s request to allow the amount of ethanol in gasoline to increase by 50%. NRDC’s Nathaneal Greene shared further insight with Ethanol & Biofuels News on the debate.

Prices & Markets

Market Report
Prices
Ethanol ($/gal) Oxygenates ($/gal)
Biodiesel ($/gal) Butanes/Nat Gas ($/gal)
Gasoline ($/gal) Co-Products ($/gal)
Retail E-85 ($/gal) Grains ($/gal)
Futures

CME: Obama’s Derivatives Bill ‘Strengthens’ Markets

CME group – owner of the New York Mercantile Exchange (NYMEX), where a big part of global energy futures and options contracts are traded – views the financial reform bill signed by U.S. President Barack Obama July 21 as a “strengthening” of futures trading.

U.S. Spot Ethanol: Market Gains

The spot ethanol market saw increases across the board the week ending July 23.

Ethanol Equities: ADM, ANDE, BG See Growth

Prices on the equity markets rose the week ending July 23, as Archer Daniels Midland (ADM), The Andersons (ANDE) and Bunge Ltd. (BG) all posted gains.

NEW CONTENT: Weekly U.S. Fuel Ethanol Inventories and Production

U.S. fuel ethanol inventories and production rose the week ending July 16.

NEW CONTENT: Renewable Identification Numbers

Ethanol and biodiesel RINs were mostly down the week ending July 23.

NEW CONTENT: NYMEX Crude Oil/Refined Product Futures

NYMEX crude oil futures and refined products rose the week ending July 23.

NEW CONTENT: NYMEX No. 11 Sugar Futures

NYMEX No. 11 sugar futures went up the week ending July 23.

NEW CONTENT: Brazilian Anhydrous Ethanol Prices

Brazilian anhydrous ethanol prices rose slightly the week ending July 23.

NEW CONTENT: U.S. Cash Corn and Soybean Prices

U.S. cash corn and soybean prices dropped the week ending July 23.

NEW CONTENT: Monthly U.S. Ethanol Inventory/Production Numbers and Ratio

Monthly U.S. ethanol production and inventory (stocks) figures were down in April.

NEW CONTENT: U.S. Renewable Diesel Inventory

U.S. renewable diesel inventory (stocks) figures fell in April.

INTERNATIONAL DEVELOPMENTS

EBB Releases European Biodiesel Industry Stats

On July 22, the European Biodiesel Board (EBB) released 2009-2010 biodiesel production and capacity statistics, stating that the European industry is seeing “restrained growth in challenging times.”

Süd-Chemie to Build Germany´s Largest Cellulosic Ethanol Plant

Munich-based Süd-Chemie AG announced July 21 that the company plans to build Germany´s largest cellulosic ethanol plant to date.

Ethanol Engine Damage in Cars in Sweden – Who Pays?

Damage to car engines in Sweden due to high sulphate concentrations in ethanol has set off a dispute between car manufacturers and fuel companies as to who will pay for the repairs, according to The Local (Sweden).

Rosetta Green, Seambiotic to Collaborate on Development of Improved Algal Strains

Rosetta Green, a company specializing in the identification of unique genes in plants and algae for the cleantech and plant biotech industries, and Seambiotic, a company specializing in the growth of algae at industrial scale, announced July 25 that they have signed a collaboration agreement to develop and test improved algal strains for the biofuel industry. According to the agreement, Rosetta Green will be responsible for the development of the strains and Seambiotic will be in charge of large scale algal growth and biofuel production.

Rothsay Fuels Fleet with Biodiesel

The Canadian Renewable Fuels Association (CRFA) on July 16 applauded Rothsay Biodiesel, a division of Maple Leaf Foods Inc., for fueling positive change with its on road use of made-in-Canada biodiesel.

Amyris to Sell Cane-Based Renewable Diesel in Brazil in 2011: Report

The Brazilian division of California-based Amyris Biotechnologies aims to start selling a cane sugar-derived renewable diesel fuel next year, according to a report from EFE news service.

Hindustan Petroleum Launching Ethanol Production

Hindustan Petroleum Corp. Ltd. (HPCL) executives announced July 26 that they’ll start producing their own ethanol for blending with gasoline for the domestic market by year-end 2010.

China to Import 1.7 Million Tons of Corn in 2010

The chairman and chief consultant of Shanghai JC Intelligence Co. Ltd. (JCI) said his organization anticipates that China will import some 1.7 million tons of corn this year, 5.8 million tons next year and as much as 15 million tons in 2014-2015.

INDUSTRY & FACILITY NEWS

EPA Releases Canola-based Biodiesel Pathway

The U.S. Environmental Protection Agency (EPA) has released a Notice of Data Availability (NODA) on its lifecycle greenhouse gas (GHG) analysis for canola oil biodiesel, a part of its March 26, 2010 Renewable Fuel Standard (RFS2) final rule.

CARD Study Shows U.S. Ethanol Production and Corn Demand Will Grow With or Without Subsidy and Tariff

According to a new report from the Center for Agricultural and Rural Development (CARD), "Costs and Benefits to Taxpayers, Consumers, and Producers from U.S. Ethanol Policies," allowing the blender credit and tariff to expire would have neither the dramatic, adverse effect U.S. ethanol producers claim nor create the export bonanza foreign producers hope for.

New Government Study Claims a New Ethanol Pipeline Could be Feasible

A new ethanol pipeline could be in the future should the nation boost its use of alternative fuel.

ALL Fuels & Energy Signs Extension on Exclusivity Period under Letter of Intent to Acquire Midwest Ethanol Plant

ALL Fuels & Energy announced July 19 that it has secured a 30-day extension under its existing letter of intent to acquire an operating ethanol plant located in the Midwest United States. The company indicated that the definitive purchase agreement is expected to be negotiated within the exclusivity period.

Two Algal Biofuel Projects among Six Awarded US$106 Million to Convert Captured CO2 Emissions into Useful Products

U.S. Energy Secretary Steven Chu announced July 22 the selections of six projects that aim to find ways of converting captured carbon dioxide (CO2) emissions from industrial sources into useful products such as fuel, plastics, cement and fertilizers. The projects with be funded with US$106 million from the American Recovery and Reinvestment Act, matched with $156 million in private cost-share.

Exousia Biodiesel Facility Revving Up for Business

Exousia Advanced Materials, Inc. announced July 21 that its biodiesel production facility located in South Carolina is currently completing the maintenance and retooling of the facility and will begin delivering biodiesel orders in August.

Green Plains Renewable Energy and BioProcess Algae to Break Ground on Phase II of Algae Project

Green Plains Renewable Energy, Inc. and BioProcess Algae LLC announced July 20 plans for Phase II of its Grower Harvester algae project located at Green Plains' Shenandoah, Iowa, ethanol plant.

OriginOil Announces Revenue from First Customer

OriginOil, Inc. announced July 27 that it recently notified MBD Energy Ltd. that it is ready to ship a Quantum Fracturing System, the first unit in a multi-phase commercialization program. The notification triggers a payment under a purchase order from the Australia-based customer.

BlueFire Ethanol Fuels Names Roger Petersen as New Board Member

BlueFire Ethanol Fuels, Inc. announced on July 21 that during the company’s annual shareholder meeting on July 15, Roger Petersen was appointed as a new board member.