Strong Archives

Neste posts strong fourth-quarter results

Plantations International News Neste, a Finland-based renewable diesel producer, reported better than expected fourth-quarter profits and dividend thanks to high European refining margins and favourable foreign exchange rates. Neste, which has two conventional refineries in Finland and renewable diesel refineries in Singapore and Rotterdam, said its core operating profit in the quarter rose 39% from a year ago to €352m ($ 390m). The company did not put a figure on its profit outlook for this year but it said it expected low crude oil prices to continue to support product demand. In a statement, the company said that all areas of [...]

Back On Strong Ground

Plantations International Information After a prolonged duration of plan unpredictability, the final renewable gas specification (RFS) guideline and also a two-year retroactive reinstatement of the $ 1-per-gallon blender or food processors tax credit history are anticipated to bring stability back to the U.S. biodiesel sector. After 2 years in limbo without renewable quantity commitments (RVOs) under the government sustainable gas criterion (RFS) for 2014-'15-- in addition to uncertainty concerning future years-- the United States biodiesel sector had actually as soon as again discovered itself in a state of precariousness following the strong development year of 2013. The pattern of excellent years [...]