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Valero And Mission NewEnergy Execute 5-year, US$3.5B Biodiesel Supply Agreement

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Mission NewEnergy’s basic plan is to ship biodiesel produced in Malaysia from jatropha seeds produced in India to markets in Europe and the US. M1 and M2 are its biodiesel plants in Malaysia. billion based on prevailing market prices, maximum volume and contract life. Source: Mission NewEnergy. Click to enlarge.

Supplies 230
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Grand opening of Neste Oil renewable diesel plant in Singapore; ISCC certification

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It uses a variety of renewable feedstocks to produce NExBTL, including palm oil and side stream products of palm oil production from Indonesia and Malaysia, as well as waste animal fat from Australia and New Zealand. The main markets for NExBTL diesel are Europe and North America. Singapore refinery to receive ISCC certification.

Singapore 186
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Mitsui Engineering and palm oil producer Sime Darby to partner on cellulosic ethanol from palm oil Empty Fruit Bunches; Inbicon technology

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Mitsui Engineering and Shipbuilding and Malaysia-based Sime Darby Research Sdn. Inbicon has constructed the world’s largest demonstration plant for second generation bioethanol production from straw, which has been operated since November 2009. SD and MES, with the bioethanol pre-marketing support of Mitsui & Co.,

Oil 186
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Cumulative worldwide sales of Honda hybrids passes 1 million units

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Model introduced to the market. Honda is also planning to begin production of the Jazz Hybrid in Malaysia in 2012. History of Honda’s Hybrid Models. Cumulative worldwide. hybrid vehicle sales. First generation Insight. Civic Hybrid. Accord Hybrid (North America only). April: 100,000 units. May: 200,000 units. Second generation Insight.

Honda 244
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Turbine Truck Engines Gains Access to Aerospace Mitsubishi Resources for Engineering and Development of Detonation Cycle Gas Turbine Engine

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In January 2009, TTE and AMEC entered into a strategic alliance, agreeing to collaborate on the engineering and technical development of the DCGT. TTE also granted AMEC the exclusive license to commercialize the engine in China’s automotive and busing markets when the design process is completed. Earlier post.). Earlier post.)

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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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million bbl/d in 2009-2010. More than 85% of the crude oil exports flowing through the Strait went to Asian markets, with Japan, India, South Korea, and China representing the largest destinations, EIA said. Malacca is the shortest sea route between Persian Gulf suppliers and the Asian markets. —US EIA. An estimated 2.9

Oil 297
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Forecast: Global Biofuels Use to Double by 2015, Second-Gen Biofuels to Lag Expectations

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Despite a number of key issues such as land use and competition for feedstocks supplies for traditional food and feed uses, global use of biofuels is excepted to more than double from 2009 to 2015, according to a new global analysis released by Hart Energy Publishing’s Global Biofuels Center (GBC).

2015 186