biodiesel

Chevron Corporation (NYSE:CVX) has idled two biodiesel production facilities in the U.S. Midwest, the company confirmed yesterday, owing to imperfect market conditions. In 2022, the second-largest oil producer in the United States acquired Renewable Energy Group, a biodiesel manufacturer, for $3.15...

Union Pacific will increase the amount of biodiesel that fuels locomotives used for Progress Rail. Progress Rail, a Caterpillar (NYSE: CAT) subsidiary that provides rolling stock and infrastructure solutions to rail customers worldwide, has agreed to use up to a 20% biodiesel blend for specific...

Gevo Inc. (NASDAQ: GEVO) shares moved higher Monday after retail traders try to push the stock higher. The stock is likely moving on continued momentum from the bill U.S. Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Wash.) and U.S. Reps. Cindy Axne (D-Iowa) and Mike...

The growth of the biofuels market is having a significant impact on the demand for key feedstocks with producers chasing the same supply. The International Energy Agency (IEA) predicts that the biofuels market will grow by nearly 20% between 2019 and 2026. These changes are one part of the overall...

Hedging of exposure to the shifts in the price of fuel has been a rarely sighted activity in the trucking market for a variety of reasons: Fuel surcharges allow pass-throughs to customers, it ties up capital, and hedging losses can be painful blots on earnings reports for public or private...

A federal jury in Salt Lake City on Monday convicted a Los Angeles businessman on criminal charges related to a $1 billion renewable fuel tax credit fraud scam, according to the U.S. Justice Department. Lev Aslan Dermen, also known as Levon Termendzhyan, was found guilty on multiple charges of...

TravelCenters of America Inc. (NASDAQ: TA) reported higher fourth-quarter net income Tuesday from the restoration of the federal biodiesel blending tax credit and selling 5.3% more diesel fuel and gasoline. The operator of travel centers in 44 states and Canada reported a 1.4% increase in non-fuel...

Biodiesel blending, which took a big hit while a federal incentive was in limbo, is attracting small companies jittery about whether they could make a viable business of the cleaner-burning fuel. Biodiesel adds soy oil and animal fats to petroleum-based diesel. The result is a cleaner-burning fuel...

Blenders of biodiesel are closer to a federal tax break included in a $1.37 trillion spending package approved by the House of Representatives on Dec. 17. The measure, if passed by the Senate and signed by President Donald Trump, would be retroactive to 2018 and expire at the end of 2022. ...

Biodiesel blenders that create cleaner-than-diesel fuel from recycled cooking oil, soybean oil and animal fats face an existential threat as they wait to see if Congress will include reinstatement of a tax credit that lapsed two years ago. The biodiesel blender credit expired at the end of 2017....

This week's addition of biodiesel data in our SONAR platform is part of building out the new environmental category. Biodiesel data, in combination with the existing energy data, can give insights to energy demand and demand for the different types of fuels.  Biodiesel is growing in the fuels...

Lower diesel prices for truck stop owners and their trucking customers could hinge on the ability of Congress and President Donald Trump to hash out a deal by Friday's deadline on a new spending bill. Last year Congress came close, but failed, to pass an extension to the U.S. Department of...

Biofuels like ethanol or biodiesel release more carbon dioxide than petrol-based gasoline, a new University of Michigan (UM) study revealed. Contrary to popular belief, and what their name might suggest, biofuels are not so environmentally friendly after all. The key to this finding is at the...