



PHOTO: ANGELA CARTER, ENERGY MANAGEMENT SOLUTIONS
May 29, 2018
BY Tim Albrecht
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The global maritime industry's transition away from heavy fuel oil is no longer a question of if but of when — and with what fuels. The U.S. biofuels industry is exceptionally well-positioned to serve this transition in the near to medium term.
U.S. fuel ethanol production was up slightly the week ending April 10, according to data released by the U.S. Energy Information Administration on April 15. Stocks of fuel ethanol expanded by more than 2% while exports fell by 60%.
President Donald Trump on April 13 signed the Small Business Innovation and Economic Security Act. The legislation reauthorizes the Small Business Innovation Research (SBIR) and Small Technology Transfer (STTR) programs.
CoBank on April 8 released its latest quarterly research report, highlighting improved regulatory clarity for the biofuel industry with the release of the Renewable Fuel Standard “Set2” rule, which set 2026 and 2027 RFS RVOs.
Vale and Shandong Shipping Corp. have announced an agreement for new ethanol-powered Guaibamax vessels. The agreement includes 25-year contracts for the construction of two vessels, with an option for additional ships.