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...It was backed by several deep-pocketed investors, including BlackRock, US oil refiner Valero Energy and Poet, a top US biofuel refiner....
...The International Air Transport Association estimates airlines will globally need 450bn litres (119bn gallons) of sustainable fuel a year to meet its mid-century carbon goals, but last year refiners made...
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...The Vietnam Coffee and Cocoa Association cited a report warning that coffee production could decline as much as 20 per cent in 2023....
...They include shale producer Continental Resources, Gulf of Mexico-focused oil company Talos Energy and Phillips 66, an oil refiner....
...This gives our industry more time to find other sources of CO2,” said Nick Allen, chief executive of the British Meat Processors Association....
...Costs at the pump are averaging $4.33 a gallon, up from $3.49 a month ago, according to the American Automobile Association....
...Food groups have long opposed biofuels targets in the US, notably over corn ethanol mandates that were sharply raised in 2007....
...[MUSIC PLAYING] Marc FilippinoIn the US, some states are incentivising fuel refiners to produce cleaner fuels....
...The refiners’ trade association sued to block California’s low-carbon fuel standard in 2010....
...Ethanol refiners are now losing 26 cents on every gallon they produce, according to Ann Duignan, analyst at JPMorgan Chase....
...Corn and rice farmers burn off residue....
...“Refiners want to know, should I produce gasoline? Producers want to know, should I shut down my well?” he said....
...Mr Hamm chairs the Domestic Energy Producers Alliance, a group of smaller oil companies and state-level industry associations....
...The exemptions for oil refiners had begun to damage the goodwill Mr Trump established in the Corn Belt last spring when he allowed unfettered sales of petrol containing 15 per cent ethanol, an increase from...
...The Singapore-based Asian Clean Fuels Association estimates that full implementation of E10 in China would cost almost $43bn to upgrade refineries and petrol stations....
...Corn ethanol refiners have argued that higher blending rates has been impossible in part because the EPA had limited sales of E15 fuel between June 1 and September 15, out of concern the fuel would evaporate...
...American Fuel & Petrochemical Manufacturers, an oil refiner trade group, warned of litigation ahead over E15....
...“Everything relative to ethanol has really been an uphill battle for us,” said Mark Recker, a farmer and president of the Iowa Corn Growers Association....
...“If transport prices do not adjust within the country, American [US] corn could be imported as well,” JBS said....
...A cucumber wrapped in the material lasts two weeks compared with just three days unwrapped, reports the Flexible Packaging Association....
...Smaller firms, from a California nut processor to a Nebraska ethanol refiner, are also examining setting up or partnering with co-ops in order to keep their relationships with farmers....
...A version of this article was first published by the Nikkei Asian Review on February 15, 2018. ©2018 Nikkei Inc. All rights reserved....
...They are part of a nationwide expansion that would add 500m gallons per year of capacity by 2018, according to the Renewable Fuels Association....
...Mr Icahn has been a harsh critic of a rule that requires oil refiners to bear the cost of blending corn-based ethanol into petrol....
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