Study finds ethanol can help EU meet greenhouse gas reduction targets
A new study finds that the introduction of E20 in Europe may be key to hitting EU greenhouse gas (GHG) emission targets, while the U.S. Department of Energy’s Billion-Ton Report expands on its previous work to update its biomass resource assessment. This, plus a looming Chinese grain shortage, and it’s been a busy week for the biofuel industry. Read on for this week’s biggest biofuel stories!
DOE releases new Billion-Ton Report
The U.S. Department of Energy released its 2016 Billion-Ton Report: Advancing Domestic Resources for a Thriving Bioeconomy, which said that 1.2 billion tons of biomass would be available at $40 or less per ton by 2040, and 1 billion tons would be available by 2030. Biomass, as the report notes, is the largest single source of renewable energy, and this report—the third such assessment of national biomass resources—builds on previous work by incorporating data like transportation costs and new feedstocks. Read a more detailed overview at Biofuels Digest.
New study: Cut European transport emissions with ethanol
The higher use of ethanol in Europe—specifically via the introduction of E20 high-octane fuel—would contribute to a 14.1% GHG emission reduction in European transport, a new study has found. If the EU is to meet its objective of achieving at least 40% GHG reductions across the entire economy by 2030, reducing transportation emissions will be critical. And in fact, the European Commission has already indicated that this transport reduction will need to be between 12 and 20%. Read more, including the full report, on the European renewable energy association website.
Chinese corn shortage may drive demand for US corn, DDGS
China’s corn reserves make up nearly half of the global supply. But now, signs are pointing to the fact that up to 20% of those stored grains may be of insufficient quality. If accurate, that could mean a higher demand for U.S. corn and DDGS. Currently, U.S. ethanol producers are seeing a 14-month high in ethanol crush margins, but those numbers are largely due to falling corn prices. More demand from China would potentially raise those prices or at least keep them from slipping further. Read more about the situation at Financial Times.
Latest posts by Geoff Hayward (see all)
- Novozymes announces all-new liquefaction platform and reveals next yeast technology - June 10, 2019
- Bridging the gap to a sustainable future - April 16, 2019
- Novozymes’ next yeast product lifts yields, robustness - October 15, 2018