biofuel legislation News
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How new US biofuel legislation will subsidize oil consumption
Why new U.S. biofuel legislation is on track to waste billions of tax dollars, while subsidizing oil consumption. Harry de Gorter, like David Just a Cornell professor of applied economics and management, advises the U.N.'s Food and Agriculture Organization and the World Bank on issues related to the impact of biofuels on food security and global warming. He is also involved in talks on biofuels ...
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ILUC deal far from perfect but may help restore some much needed policy certainty to the biofuels market
The European Parliament's ENVl Committee has today voted to endorse the Council's proposed compromise on ILUC. ePURE, the association representing the European renewable ethanol industry, believes that while the compromise is a disappointing result it may go some way to restoring some much needed policy certainty for the biofuels industry. Today's vote, endorsed by 51 votes in favour, 12 ...
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Neste Oil`s Interim Report for January-March 2011
Neste Oil CorporationStock Exchange Release29 April 2011 at 1 pm (EET) Neste Oil's Interim Report for January-March 2011 The first-quarter comparable operating profit was EUR 44 million (Q1/2010: 88 million, which included a EUR 48 million insurance compensation payment) The market environment appears to remain favorable for complex refiners Renewable Fuels' sales volumes ...
By Neste
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Neste Oil's Financial Statements for 2010
Neste Oil CorporationStock Exchange Release4 February 2011 at 1 pm Neste Oil's Financial Statements for 2010 - The Group's full-year comparable operating profit improved to EUR 240 million compared to EUR 116 million in 2009, despite a major turnaround at the Porvoo refinery- The fourth-quarter comparable operating profit was EUR 90 million (Q4/2009: -29 million) 2010 in brief:Comparable ...
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Pennslyvania increases investment in clean fuels
Much is happening in Pennsylvania on the clean energy front. Last week, legislators passed the Alternative Energy Investment Act (AEIA), which provides over US$500 million of funding for alternative and clean energy and energy conservation projects. In addition to this, new biofuels legislation includes a mandate for sales of biodiesel and cellulosic ethanol blends and sets aside up to US$5 ...
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European Commission`s proposed changes to biofuel legislation support Neste Oil`s continuous efforts to extend raw material portfolio
Neste Oil CorporationPress release17 October 2012 4:00 p.m. (EET) European Commission's proposed changes to biofuel legislation support Neste Oil's continuous efforts to extend raw material portfolio The European Commission has today published information on its proposal for updating biofuel legislation in the EU. The Commission is proposing that the EU-level mandated bio content contained in ...
By Neste
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Neste Oil`s Interim Report for January-June 2011
Neste Oil CorporationStock Exchange Release28 July 2011 at 9.00 am (EET) Neste Oil's Interim Report for January-June 2011 The second-quarter comparable operating profit was EUR 32 million (Q2/2010: 5 million, which was negatively impacted by a major maintenance turnaround at the Porvoo refinery) The refining market weakened towards the end of the quarter due to concerns over ...
By Neste
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Proposed new biofuel policy doesn’t cause job losses, report says
Biodiesel industry claims that addressing indirect land-use change (ILUC) emissions from biofuels would cause massive job losses in rural areas are groundless, a recent study shows. The report, authored by consultancy Ecofys (1), concludes that it is possible to account for ILUC (2) emissions in EU biofuel legislation while maintaining employment in the industry and paying back investments in ...
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Biofuels markets in Sub-Saharan African can expect rapid growth, finds Frost & Sullivan
Despite serious challenges to its development, the sub-Saharan African biofuels market should experience rapid growth in the next five years. The high targets set by the European Union and the United States for the inclusion of biofuels in their fuel supply are a key driver for biofuels projects in the region. In addition, intensified government support for the market has helped attract increased ...
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EU lawmakers reduce use of food-based biofuel
The European Parliament voted Wednesday to significantly reduce the amount of biofuels made from food crops by 2020 to counter concerns over the energy source's environmental and ethical sustainability. Environmentalists argue biofuels made from sugar, corn or soybeans add as much or even more to greenhouse gas emissions as the fossil fuels they are meant to replace. Others are criticizing the ...
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Parliament supports Shift towards Advanced Biofuels
A draft law to cap crop-derived biofuel production and accelerate the shift to alternative sources was voted by Parliament on Tuesday. It aims to cut greenhouse gas (GHG) emissions caused by the growing use of farm land for biofuel crops. "We succeeded in getting a very technical, technological and ideological file to go ahead", said lead MEP Nils Torvalds (ALDE, FI), after Parliament endorsed ...
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Environment Committee backs compromise on cleaner biofuels
MEPs and ministers moved a step closer on Tuesday (Apr 14, 2015) to an agreement on plans to cap the production of traditional biofuels and accelerate the shift to alternative sources, such as certain types of waste and residues and new sources such as seaweed, with the environment committee's vote backing a deal struck by legislators. The plan aims to cut greenhouse gas emissions caused by the ...
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Neste Oil's Interim Report for January - March 2010
Stock Exchange ReleaseNeste Oil Corporation29 of April 2010 at 9.00 am EET Neste Oil's Interim Report for January - March 2010 - Comparable operating profit of EUR 88 million (Q1/2009: 56 million), including an insurance compensationpayment of EUR 47 million First quarter in brief:- Comparable operating profit of EUR 88 million (Q1/2009: 56 million), including a EUR 47 million in the form ...
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EU scientists confirm bio-energy accounting error
A major carbon accounting flaw in EU legislation whereby biofuels used in transport and biomass used for power generation are counted as ‘zero emissions’ will have “immense” consequences for the environment. This is the key finding of a report published on Friday by the Scientific Committee of the European Environment Agency, a top EU advisory body (1) The report warns ...
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Renewable energy progress report - Press Release
The European Commission has published the progress report on 2020 renewable energy targets, showing that the EU is on track to meet its 20% renewable energy targets. With a projected share of 15.3% of renewable energy in 2014 in the gross final energy consumption, the EU and the vast majority of Member States are advancing well: 25 Member States are expected to meet their 2013/2014 national ...
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Renewable energy progress report - Press Release
The European Commission has published the progress report on 2020 renewable energy targets, showing that the EU is on track to meet its 20% renewable energy targets. With a projected share of 15.3% of renewable energy in 2014 in the gross final energy consumption, the EU and the vast majority of Member States are advancing well: 25 Member States are expected to meet their 2013/2014 national ...
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BIO Asks Florida Gov. Scott to Preserve the State’s RFS
The Biotechnology Industry Organization (BIO) today urged Florida Gov. Rick Scott (R) to veto HB 4001/SB 320, which is anticipated to be passed by the Florida legislature next week and repeal the state’s Renewable Fuel Standard. BIO’s letter to Scott says that adoption of the legislation could chill investment not just in the state’s biofuel industry, but also in the larger ...
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BIO Comments on EPA’s 2013 Renewable Fuel Standard (RFS) Rules
The Biotechnology Industry Organization (BIO) recently submitted comments to the Environmental Protection Agency (EPA) on the proposed Regulation of Fuels and Fuel Additives: 2013 Renewable Fuel Standards (RFS). The comments emphasized that continued stable implementation of the RFS provides companies developing innovative new advanced and cellulosic biofuels confidence that the U.S. fuel market ...
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Biofuels: Many Possibilities To Decarbonise Transport
Since the turn of the millennium, virtually all of the UK’s industrial sectors have been on a consistent trajectory of reducing emissions, all aside from transport, whose emissions reduction has flatlined over the last 10 years. This is not through a lack of available technology: options certainly exist that could play big roles in decarbonising the transport sector, but many have yet to be ...
By NNFCC Ltd.
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Europe, Brazil Pledge Sustainable Biofuels Development
BRUSSELS, Belgium, July 5, 2007 (ENS) - The European Union is committed to developing and producing biofuels 'in ways that protect our planet – not in ways that create new risks,' said European Commission President Jose Manuel Barroso in his keynote speech to the International Biofuels Conference in Brussels today. The linked issues of energy security and climate change have placed biofuels such ...
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