Jakarta Crown Capital Eco Management: Environmental Scam Prevention Watch
Posted in the Friday Harbor Forum
Since: Apr 13
#1 Apr 28, 2013
Biodiesel's Big Comeback
Darling of the mid-2000s, still beloved by its many fans biodiesel is increasingly a key to delivering advanced biofuels volumes now and even more so between now and 2022.
Presentations by NBB CEO Joe Jobe and REG CEO Daniel Oh at ABLC 2013 explained the how and why.
In the excitement over cellulosic biofuels and drop-ins, it is easy to forget that the backbone of advanced biofuels in the US and around he world is biodiesel and not the least of the many services that biodiesel has rendered is enabling the biofuels industry to make up for a shortfall in the production of cellulosic biofuels, by over-delivering on the targets for biomass-based diesel.
While the boom years of biodiesel capacity building are long over, the sector has been going through a renaissance in the past two years, which was plainly in evidence from the bullish outlooks presented at the Advanced Biofuels Leadership Conference by National Biodiesel Board CEO Joe Jobe, and Renewable Energy Group [NASD:REGI] CEO Dan Oh.
Jobe presented on the first morning of ABLC, alongside the chiefs of the other four trade associations, and while the theme of stewardship and sustainability was a common one touching on issues such as the protection of RFS2 and RIN fraud the growth scenarios he presented were the most aggressive and the record of growth delivered in the past year was the most impressive.
Meeting RFS2 targets
He discussed the 5ื15 initiative converting 5 percent of the US diesel market to biodiesel by 2015, and said that the industry was well on the way to delivering on that goal.
The longer-term? The biodiesel industry is aiming for 10ื22 or 10 percent of the US diesel market, just north of 5 billion gallons, by the last year of the current Renewable Fuel Standard. That would deliver nearly 8 billion gallons towards the 2022 RFS obligation, because biodiesel gallons count for 1.5 ethanol-equivalent gallons because of their higher energy density.
Were US biobutanol production able to reach its current blend wall in the same period through conversion of the ethanol fleet replacing 16 percent of the US gasoline market, or roughly 18 billion gallons of projected 2022 demand that would total 23.4 billion ethanol-equivalent gallons, and between this total and biodiesel, the US would need just 4.6 billion gallons of ethanol-equivalent drop-in fuels to meet its 2022 obligation. Without requiring E15 ethanol blending or putting additional infrastructure requirements on auto manufacturers or the supply system.
That 4.6 billion gallons of ethanol-equivalent fuel would translate to 2,8 billion gallons of actual operating drop-in fuel capacity and global capacity is over 21 billion gallons today. In short, RFS2 presents reachable targets but biodiesel is key to accomplishing them.
With such a rosy picture of growth its astonishing that in the entire debate on food vs. fuel there is hardly ever a word about biodiesel and ranchers, poultry farmers and food manufacturers are never seen targeting biodiesel for the kind of all-out assault that is seen with corn ethanol.
Over to REG
The reason was plain from REG CEO Dan Ohs presentation at ABLC looking at how biodiesel is highly complimentary to the food and ranching industries and supports a food, then fuel production system.
More on Renewable Energy Group
First, some background on REG for those less familiar. The company has increased sales from $132 million in 2009 to $1.015 billion last year, and EBITDA rose from a 2009 loss of $12M to last years $188M. The company has increased biodiesel sales to 188 million gallons last year, and now owns 227 million gallons of capacity and has another 150 million in development or construction.
Read more on the original article: http://www.altenergystocks.com/archives/2013/...
#2 May 15, 2013
Add your comments below
|Lawmaker wants to end Washington's ban on rent ...||Wed||Into The Night||1|
|Pegeonhawks||Dec 10||The Reaper||1|
|Any unshaved girl around the area?||Dec 9||Mandy Muff||3|
|I hate Seattle and all the people in it (Nov '11)||Dec 6||Raiderdan||99|
|Pain meds||Dec 4||jim||3|
|Gay Teens Seattle (May '17)||Dec 4||jim||4|
|Friday Harbor Music Selection (Aug '12)||Jul '17||Musikologist||23|
Find what you want!
Search Friday Harbor Forum Now
Copyright © 2017 Topix LLC