E-mail: Password:
                    Register For Free Newsletter | Forgot Password?
Latest News
Minnesota plant restarts ethanol production

Buffalo Lake Advanced Biofuels has restarted its Minnesota, US plant.

Repairs and...

ICM subsidiary signs two new plant management agreements

Energy Management Solutions (EMS), a subsidiary of ICM, has signed two new plant management...

SGB makes breakthrough with new hybrid jatropha

SGB, an agricultural biotechnology and seed company, has successfully created a hybrid jatropha...

Chempolis and NRL team up for cellulosic ethanol production

In India, Numaligarh Refinery (NRL), a Government of India Enterprise, and Finnish biorefinery...

Subscribe to our RSS news feed

Visitor Poll

Do you agree with new policy that reduces taxes for US producers of renewable chemicals?

Upcoming Events
Biofuels International Conference 2014
24 September 2014 - 25 September 2014
Ghent, Belgium
Tank Storage Asia 2014
24 September 2014 - 25 September 2014
Marina Bay Sands, Singapore
Tank Storage Germany
19 November 2014 - 20 November 2014
Hamburg, Germany
World Bio Markets Brasil 2014
24 September 2014 - 26 September 2014
Sao Paulo, Brasil
1 October 2014 - 3 October 2014
Messe Kassel, Germany
National Advanced Biofuels Conference & Expo
13 October 2014 - 15 October 2014
2nd BBEST Conference
20 October 2014 - 24 October 2014
Sao Paulo, Brazil


Volume 5, Issue 1

Feature: A critical moment
With the reinstatement of the tax credit and the RFS2 gaining traction it could be a great year for biodiesel in the US, but what happens next is far from certain GreenHunter Biofuels in Grapevine, Texas – one of the US’ largest biodiesel plants – is idle and still recovering from damages sustained during Hurricane Ike in 2008. For the time being it is being used as a bulk liquid storage and distribution terminal. Just before the reinstatement of the biodiesel tax credit the plant’s original parent company divested its interest in the facility: a 105 million gallon-a-year biodiesel plant, a methanol distillation centre and glycerin refinery. When asked if the company should have been a little more patient, Jonathan Hoopes, CEO of GreenHunter Energy, replies: ‘Congress waited a whole year to reinstate the tax credit after it expired, and then only extended it for a year. We cannot make long term capital decisions based on one year’s worth of reassurance. It’s very difficult to have faith in Congress, so we’re focusing on businesses that don’t need subsidies to survive.’ To amplify this sentiment, Ultra Green Energy Services, a leading US biodiesel marketer based in Chicago, says that in 2012 the US biodiesel industry will come to a standstill. ‘What does a one year blender’s tax extension really do?’ Danny Falcone, northeast wholesale manager for Ultra Green Energy Services, asks. ‘It creates the impossibility of negotiating long term contracts, invites more competition from international producers, pushes down the value of renewable identification numbers (RINS) and tightens credit strings. ‘Call me crazy, but I wish the tax credit hadn’t come back. November was our best month of trading in three years. The price of RINS was near $1 (€0.7) – I wish it would come back on a long-term basis or not at all, we need to develop this market without the tax credit.’ Falcone’s argument is that what Congress ultimately has done is create uncertainty.

Latest Issue
Latest Issue

Volume 8, Issue 5

View full issue contents >>

Go to shopping pages >>



Homepage | About Us | Magazine Store | Industry News | Global Events | Industry Jobs | Forum | Advertising | Contact | Register Free | Forgot Password?
Published by Horseshoe Media Ltd, Marshall House, 124 Middleton Road, Morden, Surrey. SM4 6RW
Registered in England No. 5635474. VAT GB 867 9796 31
Website Maintained by Fishbowl IT! All content and images copyright 2008 Horse Shoe Media Limited.