- Key Market Prices
- Key Market Prices
- Public Policy
- Bill Backs Tax Breaks for Ethanol
- Canada, U.S., France Win IMO OK for Diesel Ship ECA Limits
- Margins & Economics
- Crude Futures Decline for Third Straight Day
- Gulf Coast Crack Spread Down Slightly for Week Ending March 19
- Aromatics Flat and Other Prices Down for Week Ending March 26
Fuels & Processing
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Forecast: Market for Camelina Aviation Biofuels >US$5.5 Billion by 2025
Officials of Biomass Advisors on March 25 released a new report titled Camelina Aviation Biofuels Market Opportunity and Renewable Energy Strategy Report that forecasts more than 1 billion gallons of Camelina biofuel would be produced for the aviation and biodiesel sectors by 2025, creating 25,000 new jobs, producing more than US$5.5 billion in new revenues and $3.5 billion in new agricultural income for U.S. and Canadian farmers.
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Emerson to Modernize Automation for LUKOIL Operations
Officials with Emerson Process Management, a global business of Emerson, and LUKOIL Group, one of the world’s largest private oil companies, announced March 26 that they have signed an agreement to modernize 13 refining and petrochemical facilities in Russia and Eastern Europe.
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Bharat Petroleum Selects Axens’ Octanizing Technology
Officials with Bharat Petroleum Corp. Ltd. have selected Axens to provide the technology licenses for a naphtha hydrotreater and a continuous catalytic regeneration reformer (octanizing) at its Mumbai refinery.
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Accelergy, EERC Producing CBTL Jet Fuel
Houston-based fuels developer Accelergy and University of North Dakota’s Energy & Environmental Research Center (EERC) officials announced March 24 that they’ve begun construction on a pilot-scale coal- and biomass-to-liquids fuel plant at EERC.
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GHG Impact of Coking/Hydrocracking: How Bad is It?
U.S. comedian Rodney Dangerfield famously set-up many joke punch-lines with the question: “Ask me, just how bad is it?”
Feature
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Pew Study: Brazil Sixth Among G-20 Members in Clean Energy Investments
Brazil ranked sixth among G-20 members in 2009 global clean energy investments and finance, according to data released March 25 by the Pew Charitable Trusts. Last year, Brazil invested US$7.4 billion in the clean-energy sector.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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New Challenges for Global Automakers: J.D. Power Perspective
John Humphrey, senior vice president of global automotive operations for J.D. Power and Associates, has spent more than 20 years tracking the automotive market, with half of that time spent focusing on markets in Asia Pacific and India.
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Navistar Wins US EPA 2010 Certification for ‘Big Bore’ Diesel
Navistar officials announced March 25 that they’ve won U.S. Environmental Protection Agency 2010 certification for their “MaxxForce 13 Big Bore” diesel engine employed in “International” brand on-highway commercial vehicles and “IC Bus” brand school and commercial buses.
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Renault-Nissan Inks China Electric Vehicle Deal
Renault–Nissan Alliance officials March 25 announced yet another electric car cooperative deal, this time for Wuhan City, China.
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UTC Power Fuel Cell in BMW Series 1
Officials with BMW Forschung und Technik (Research and Technology) on March 25 introduced a new hybrid electric vehicle that uses a UTC Power fuel cell system. UTC Power has been working with BMW since 1999 to develop efficient, emission-free and freeze-capable fuel cell systems, according to the UTC Power press release.
Margins & Economics
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Crude Futures Decline for Third Straight Day
Crude oil futures fell for a third day March 26. The price of West Texas Intermediate crude for May delivery fell 53¢, settling at $80 per barrel (/bbl), and Brent crude for May delivery lost 32¢ to close at $79.29/bbl.
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Gulf Coast Crack Spread Down Slightly for Week Ending March 19
The 3-2-1 crack spread for the Gulf Coast slipped 1.48% from US$9.45 per barrel (/bbl) to US$9.31/bbl for the week ending March 19. The New York 3-2-1 crack spread fell 8.6% from $6.51/bbl to $5.95/bbl for the same period.
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Aromatics Flat and Other Prices Down for Week Ending March 26
U.S. Gulf Coast spot prices for aromatics stayed flat for the week ending March 26, and prices for MTBE, n-butane and ethanol showed declines.
Public Policy
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Bill Backs Tax Breaks for Ethanol
U.S. Reps. Earl Pomeroy (D-N.D.) and John Shimkus (R-Ill.) introduced legislation March 25 along with 27 co-sponsors, most of them from the Midwest, that would extend major tax breaks for the ethanol industry, which they believe is vital to save hundreds of thousands of American jobs, according to E&E Publishing.
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Canada, U.S., France Win IMO OK for Diesel Ship ECA Limits
Canada, the United States and France on March 24 jointly won their petition to the International Maritime Organization to declare North American waters as an emission control area, which will force ocean ships of all flags to switch to low-sulfur marine gasoil/diesel rather than heavy bunker fuel.
