Foreword
Used Cooking Oil (UCO) prices in
Europe have hit an all-time high, with a maximum rate reaching as much as $1,015/ton last month. This is predominantly
due to the lack of available containers which has led to a reduction in UCO
imports from China – Europe’s main supplier. In addition, lockdown measures
across the continent, which forced the hospitality sector to shut down, have
resulted in lower UCO collections, driving prices higher.
Those high UCO prices
are impacting the European Ucome (Used Cooking Oil Methyl Ester) biodiesel
market. The added pressure of reduced biodiesel demand due to the Covid-19
pandemic means that Ucome biodiesel production margins continue to be negatively
impacted. As a result, several European Ucome producers are considering
reducing or stopping production...
Other news this month includes:
Markets
- Chinese export problems leads to high UCO
price
- UPI looks to boost Biopropane
- Malaysia is a net importer of UCO
Research and Development
- Shell's plans for decarbonisation
- More shipping lines trial biofuels
- Greenergy development of tyre pyrolysis
Bioethanol
- US Bioethanol interests - battling on, but
facing political challenge
- Carbon capture for US bioethanol refineries
Biodiesel
- Repsol to produce HVO
- Maire Tecnimont Group and Essential Energy USA Corp partner for a new
Renewable diesel biorefinery
- More...
Aviation Biofuel
- British Airways invests in ATJ
- First low-carbon airfreight route between France
and the United States
- More...
Price Information
Events