Reading Time: 2 minutes The U.S. government said on Thursday it approved a request from Midwestern governors allowing expanded sales of gasoline with higher blends of ethanol in their states, starting in 2025.
Tag Archives biofuel
US approves E15 gasoline sales expansion in Midwest starting 2025
Corn-based ethanol industry frustrated by late start date
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
Reading Time: < 1 minute The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
Manitoba earmarks funds for sustainable aviation fuel plant
The facility may produce as much as one billion litres of canola and soy-based jet fuel
Reading Time: < 1 minute Calgary-based firm Azure Sustainable Fuels Corp. plans to use Canadian feedstock like soybean and canola oils to produce as much as one billion litres of renewable aviation fuel per year, the news release added.
Biden backs ethanol industry on low-emission aviation fuel tax credits
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
Reading Time: 3 minutes Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
ICE weekly outlook: Upside seen for canola prices
'Aggressive manipulation' seen as a factor
Reading Time: 2 minutes MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving […] Read more
ICE weekly outlook: Canola ‘due for a bounce’
Weather co-operating, mostly, for Prairie harvesting
Reading Time: 2 minutes MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end […] Read more
U.S. EPA denies nearly all biofuel blending exemption petitions
Refineries didn't prove hardship, agency said
Reading Time: 2 minutes New York | Reuters — U.S. President Joe Biden’s administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel. The Environmental Protection Agency (EPA), which has the authority to issue the exemptions, denied 26 petitions from 15 small refineries […] Read more
U.S. to boost biofuel mandates over next three years
Biofuel groups still feel shortchanged
Reading Time: 3 minutes Reuters — The Biden administration on Wednesday increased the amount of biofuels that oil refiners must blend into the United States’ fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough. The U.S. Environmental Protection Agency has finalized […] Read more
ICE weekly outlook: Canola market rising into summer
New StatCan acreage estimates out next week
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil […] Read more
ICE weekly outlook: Canola will follow soyoil up or down
Prairie weather another guiding factor
Reading Time: < 1 minute MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more