- Key Market Prices
- Key Market Prices
- Public Policy
- U.S. EPA Amends ‘RFS-2’ Renewable Fuels Rule
- Margins & Economics
- Rally Reverses Declines to End Day in Modest Rebound
- Rentech Posts US$16 Million Loss for FY 2Q2010
- Fuels & Processing
- U.S.’s Biggest CNG Company Posting Bigger Losses
- Geo Point Technologies Acquires Kazakh Refinery
- Alternative Fuel Vehicle Proponents Convene in Las Vegas
- US DOE, USDA Fund US$33 Million for Biomass R&D Programs
- US DOE Video Highlights Impact of Biofuels on Rural Communities
- Transportation & Logistics
- Altech-Eco Gets US EPA Certificate for CNG Conversion Systems
- Housing Complex Attracts Renters with Free Electric Car Recharge Service
- Lufthansa to Blend Bio-Jet-Fuel within 2 Years: CEO
- BASF: Better Electric-Car Batteries Coming Soon
- Bosch: U.S. Car-Buyers Starting to Move toward Clean-Diesels
- U.K. Ad Standards Authority Hits Renault on Electric Car CO2 Claims
- Lockheed Martin Awarded US$3.5 Million Air Force Contract to Integrate Energy Sources, Including Renewables
Fuels & Processing
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U.S.’s Biggest CNG Company Posting Bigger Losses
California-based Clean Energy Fuels – self-described as the leading provider of compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fuels in North America – posted a US$24.4 million net loss for first quarter 2010, down from a $6.5 million loss in 1Q 2009.
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Geo Point Technologies Acquires Kazakh Refinery
Geo Point Technologies, Inc. officials announced May 10 that they have signed a definitive share exchange agreement to acquire a Kazakh oil refinery.
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Alternative Fuel Vehicle Proponents Convene in Las Vegas
The Alternative Fuels & Vehicles National Conference & Expo 2010, organized by the Alternative Fuel Vehicle Institute (AFVi), features nationally recognized leaders in the fields of fuels, emissions, vehicles, policy, foreign relations and climate change.
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US DOE, USDA Fund US$33 Million for Biomass R&D Programs
U.S. Departments of Energy (DOE) and Agriculture (USDA) officials jointly announced May 6 funding of up to US$33 million for research and development of technologies and processes to produce biofuels, bioenergy and high-value bio-based products, subject to annual appropriations.
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US DOE Video Highlights Impact of Biofuels on Rural Communities
U.S. Department of Energy officials released May 6 a new video that aims to ““showcase how cellulosic biofuel technologies can help decrease U.S. dependence on foreign oil, spur growth in the domestic biofuels industry and provide new revenue opportunities to farmers in many rural areas of the country.”
Feature
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Webinar May 27: A 360º Look at how Industry Disasters Affect Oil Market
Join former U.S. Congressman Nick Lampson, American Petroleum Institute’s Sara Banaszak and FuelQuest’s Ryan Mossman for an informative presentation and discussion about the impact disastrous industry events such as the BP oil spill have on policies, markets and business practices during Hart Energy Publishing Webinar at 10 a.m. CT on Thursday, May 27.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Altech-Eco Gets US EPA Certificate for CNG Conversion Systems
At the Alternative Fuels and Vehicles Conference in Las Vegas this week, officials with Altech-Eco Corporation announced May 10 that they have obtained a certificate of conformity from the U.S. Environmental Protection Agency (EPA) for their bi-fueled and dedicated compressed natural gas conversion systems for all the 2010 Ford F-250 and F-350 models.
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Housing Complex Attracts Renters with Free Electric Car Recharge Service
Tucson Rental Homes officials announced May 10 that they’re offering a free electric vehicle recharge service for residents in a rental-housing complex in Tucson, Arizona.
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Lufthansa to Blend Bio-Jet-Fuel within 2 Years: CEO
Lufthansa chief executive officer Wolfgang Mayrhuber announced May 8 that his company plans to start blending bio-jet-fuel into regular petroleum jet fuel for commercial flights within two years.
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BASF: Better Electric-Car Batteries Coming Soon
BASF officials on May 10 touted an advanced cathode material for electric car batteries, saying this technology will higher energy density, safety and efficiency – all crucial for broader adoption of electric cars.
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Bosch: U.S. Car-Buyers Starting to Move toward Clean-Diesels
U.S. car buyers are showing a greater inclination to buy clean-diesel vehicles rather than conventional gasoline cars or gasoline-electric hybrids, according to a Bosch analysis of recent automaker sales reports.
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U.K. Ad Standards Authority Hits Renault on Electric Car CO2 Claims
The United Kingdom’s Advertising Standards Authority (ASA) found that Renault’s carbon dioxide (CO2) emissions claims for its upcoming “Fluence Z.E.” are misleading.
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Lockheed Martin Awarded US$3.5 Million Air Force Contract to Integrate Energy Sources, Including Renewables
Officials with Lockheed Martin announced May 7 that the company has been awarded a US$3.5 million contract to develop the Integrated Smart-BEAR Power System (ISBPS) for the U.S. Air Force.
Margins & Economics
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Rally Reverses Declines to End Day in Modest Rebound
After four straight days of declines last week, crude oil futures rebounded May 10 on the news of a rescue package for euro-zone economies. The price of West Texas Intermediate (WTI) crude for June delivery gained US$1.69 to close at $76.80 per barrel (/bbl), and Brent crude for June delivery rose $1.85, settling at $80.12/bbl.
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Rentech Posts US$16 Million Loss for FY 2Q2010
Los Angeles-based Rentech officials May 7 announced that the company posted a US$16 million net loss for the fiscal year second quarter 2010 ending March 31, compared to a $25.4 million net loss in FY 2Q 2009.
Public Policy
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U.S. EPA Amends ‘RFS-2’ Renewable Fuels Rule
U.S. Environmental Protection Agency (EPA) on May 10 published a “direct final rule” including scores of modifications and “technical errors” corrections for the recently finalized “renewable fuel standard-2” (RFS-2) rule.
