Under the proposed agreement, Bunge would contribute its soybean processing facilities in Destrehan, Louisiana, and Cairo, Illinois, and Chevron is expected to contribute roughly $600 million in cash. The companies anticipate approximately doubling the combined capacity of the facilities from 7,000 tpd by the end of 2024. The joint venture would also pursue new growth opportunities in lower carbon intensity feedstocks, as well as consider feedstock pre-treatment investments.
Bunge will continue to operate the facilities, leveraging its expertise in oilseed processing and farmer relationships to manage origination and marketing of meal and plant-based oil. Chevron would have offtake rights to the soybean oil to use as renewable feedstock to manufacture biodiesel and sustainable aviation jet fuel (SAF) . Chevron would also provide market knowledge and downstream retail and commercial distribution channels.
The proposed joint venture is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval.
(Source: Bunge, Website PR, Sept., 2021)
Contact: Bunge, Greg Heckman, CEO, Ruth Ann Wisener, 636-292-3014
Ruthann.firstname.lastname@example.org, www.bunge.com; Chevron, Mark Nelson, Exec. VP Downstream & Chemicals, Roderick Green, email@example.com, www.chevron.com
More Low-Carbon Energy News Bunge news, Chevron news, Biofuel Feedstock news, Soybean Oil news,
Prepared and released by the World Agricultural Outlook Board (WAOB) , the monthly WASDE provides annual forecasts for U.S. and world wheat, rice, coarse grains, oilseeds, cotton, sugar, meat, poultry, eggs, and milk. The WAOB chairs the Interagency Commodity Estimates Committees (ICECs), which include analysts from key USDA agencies who compile and interpret information from USDA and other domestic and foreign sources to produce the report. (Source: USDA, Nov., 2020) Contact: USDA, World Agricultural Supply and Demand Estimates , www.usda.gov/oce/commodity/wasde
More Low-Carbon Energy News Soybean Oil, Biodiesel,
The $150 million plant will have a production capacity of 115,000 tpy of biodiesel when commissioned in June, 2022.(Source: BDI-BioEnergy International GmbH, Website PR, 23 Oct., 2020)
Contact: BDI-BioEnergy International GmbH, Markus Dielacher , CEO, www.bdi-bioenergy.com; Cargill, David MacLennan, CEO, Frank van Lierde, Exec. VP, www.cargill.com
More Low-Carbon Energy News Cargill, BDI-BioEnergy International, Biodiesel,
Domesticated, commercially grown pennycress could be grown as a cold-resistant, high-yield oilseed crop across the central United States, where nearly 80 million acres of land devoted to corn and soybeans sit dormant in the winter months.
This research has been ongoing for 10 years with the latest grant awarded in 2020. Illinois State researchers are currently working under the umbrella of the Integrated Pennycress Research Enabling Farm and Energy Resilience (IPREFER) program with colleagues at Western Illinois University, the University of Minnesota, The Ohio State University, the University of Wisconsin-Platteville, and the St. Louis-based crop development company CoverCress Inc.
Download Integrated Pennycress Research Enabling Farm and Energy Resilience (IPREFER) program details HERE
(Source: Illinois State University, 1 Oct., 2020) Contact: Illinois State Univ., Professor John Sedbrook, (309) 438-3374, (309) 438-3722 -- fax, firstname.lastname@example.org, www.illinoisstate.edu
More Low-Carbon Energy News Pennycress, Biofuel,
Phillips66 plans to use fats and greases, along with used cooking oil and soybean oil, at its San Francisco Refinery in Rodeo to produce 19 million bpy of renewable diesel, gasoline, and aviation fuel starting in 2024. A refinery conversion in Bakersfield will use camelina sativa, an oilseed crop grown in rotation with wheat. Global Clean Energy bought the facility in May. It plans to make renewable diesel starting in 2022 and has a deal to sell 2.5 million bbl per year of the fuel to ExxonMobil.
Marathon says it may convert its idled refinery in Martinez to renewable diesel, though it has not given an estimate of the plant's expected capacity or when it will come on-line.
Neste, Valero, and REG are also supplying renewable diesel to California where fuel companies are required to purchase enough certified low carbon fuel to reduce the carbon intensity of the state's pool of transportation fuel 20 pct from 2011 to 2030.
(Source: Phillips 66, Chemical & Engineering News, 18 Aug., 2020)Contact: Phillips 66, Brian Mandell, VP Marketing, Joe Gannon, 832-765-4547, email@example.com, www.p66.com
More Low-Carbon Energy News Renewable Diesel, Phillips 66, ExxonMobil, ,
The research is aimed at developing new bio-based jet fuel manufacturing technology and crop feedstocks with vegetable oil compositions tailored for this technology.
The research team will use camelina as an oilseed platform to develop vegetable oil formulations with shorter carbon chains that are better suited for the processing technology. These genetic strategies will be transferred to other vegetable oil feedstocks, such as soybean and oil-rich sorghum, which are currently being developed by university faculty for the U.S. DOE Center for Advanced Bioenergy and Bioproducts Innovation (CABBI).
Research at UNL builds on prior US DOE and Nebraska Center for Energy Sciences Research'funding.
(Source: University of Nebraska, Institute of Agriculture and Natural Resources, UNL IANR NEWS, 17 Dec., 2019)
Contact: UNL Institute of Agriculture and Natural Resources,
National Institute for Food and Agriculture, www.nifa.usda.gov; U.S. DOE Center for Advanced Bioenergy and Bioproducts Innovation, www.cabbi.bio
More Low-Carbon Energy News Camelina, Oilseed, USDA, National Institute for Food and Agriculture,
"America's farmers and rural communities are facing a mounting economic threat. With your leadership, Congress can help mitigate the crisis by taking immediate action on a policy that enjoys bipartisan, bicameral support. We are writing today to ask you to renew and extend the biodiesel tax incentive at the earliest opportunity.
"Income for America's farmers is falling, and the impact is beginning to be felt in other sectors of the rural economy. Biodiesel production adds value to oil seed crops and recycled oils, providing one bright spot for the agriculture sector. Congress can take rapid action to renew the biodiesel tax incentive -- a policy that enjoys broad bipartisan support -- to help U.S. biodiesel producers continue growing."
The letters group include the Agricultural Retailers Association, American Farm Bureau Federation, American Soybean Association, CoBank, Corn Refiners Association, Farm Credit Council, National Biodiesel Board, National Council of Farmer Cooperatives, National Farmers Union, National Oilseed Processors Association, National Renderers Association, National Sorghum Producers, and U.S. Canola Association.
A copy of the letter is available for download HERE. (Source: National Biodiesel Board , KTIC, 22 May, 2019) Contact: National Biodiesel Board,
Kurt Kovarik, VP Federal Affairs, (800) 841-5849, www.biodiesel.org
More Low-Carbon Energy News Biodiesel, National Biodiesel Board, NBB,
The UFOP criticises the Committee's approval of the Argentine Government's proposed "price undertaking" agreement, allowing Argentinean biodiesel producers to export around 1.2 million tpy of biodiesel duty-free to the EU an amount equal to 10 pct of the EU’s annual biodiesel consumption. This market access is coupled with compliance with a minimum import price, which is to be calculated on the basis of monthly average soy bean oil prices.
UFOP fears that as a result of the procedure for setting the minimum import price, the details of which are still unknown, market access will be ensured through a price level which will have an overall negative effect on the EU biodiesel price and consequently on oilseed producer prices. (Source: UFOP, Petrol Plaza, Feb., 2019) Contact: Union for the Promotion of Oil and Protein Crops, www.ufop.de
Punjab is preparing a baseline data base of the area's more than 400 oilseed -bearing trees as well as investigating indigenously designed and tested machinery and equipment suitable for bi -diesel transportation fuel production from lantana, water hyacinth, arundonex and oil seed bearing trees. (Source: Punjab Forest Department, Times of India, 16 Jan., 2019) Contact: Indian Institute of Petroleum, +91 135 252 5722, www.iip.res.in;
Punjab Forest Department, pbforests.gov.in
More Low-Carbon Energy News Biofuel, Biodiesel, India Biofuel,
ACRE allows biodiesel processing plants to run at the lowest operating cost and highest efficiency by adding a third transesterification reaction step while also delivering an energy-efficient design for reduced cooling load and steam use with a variety of feedstocks. Plants using ACRE are achieving 40-plus percent catalyst reduction and experiencing savings of 3 cents per gallon, according to the company.
(Source: Crown Iron Works, PR, Biodiesel Mag., December 17, 2018) Contact: Crown Iron Works, www.crowniron.com
More Low-Carbon Energy News Biodiesel, Oilseed ,
Initially, Avril plans to produce only "a few thousand" tpy of fuel. (Source: Avril Group, UkrAgroConsult, 22 Nov., 2018) Contact: Avril Group, +33(0)184.108.40.206.00,
+33(0)220.127.116.11.00 - Fax, www.groupeavril.com
More Low-Carbon Energy News Biodiesel, Avril,