• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 53 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 49 mins Is Europe heading for winter of discontent with extensive gas shortages?
  • 2 days Wind droughts
  • 5 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 hours Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 6 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 3 days Oil Prices Fall After Fed Raises Rates
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 11 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 11 days The Federal Reserve and Money...Aspects which are not widely known

Breaking News:

Gasoline Draw Sends Oil Prices Higher

Biden May Cut 2022 Biofuel Blending Mandates: Report

Biden May Cut 2022 Biofuel Blending Mandates: Report

President Joe Biden is considering…

Global Food Prices Soaring As Demand For Biofuels Continues To Climb

Global Food Prices Soaring As Demand For Biofuels Continues To Climb

Accelerating demand for renewable biodiesel…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Investment Boost for Next Generation Biodiesel Project

Japanese-based Itochu Corp., Texas-based Benefuel, and Flint Hills Resources Renewable LLC have launched a joint venture to produce biodiesel fuel from inedible feedstocks in Nebraska, targeting production of 50 million gallons a year.

On 23 May, Itochu Corp. and its subsidiary Itochu Enex Co. announced they would invest in the Benefuel-Flint Hills Resources Renewables next generation biodiesel venture, though financial information has not been released. Itochu has been a strategic partner and investor in Benefuel since 2011.

Benefuel claims to have breakthrough technology that converts oil and fat and free fatty acids (FFA) into biodiesel fuel in a single step, making the process much more cost effective.

Related Article: Waste Wood: Norway Taps into a Huge Source of Biomass Fuel

Benefuel’s patented ENSEL refining technology could improve profitability and reduce resource consumption and waste. The facility intends to produce 5% of ALL biodiesel production in the US.

ENSEL has been validated independently by FHR and Itochu at two separate 1 ton per day demonstration facilities.

“As a result of our year-long demonstration experiment in Japan with our partner company, we are confident of the enormous advantage of the ENSEL technology over conventional biodiesel production methods,” said Yasushi Kiyobayashi, deputy general manager of the corporate development department at Itochu Corp.

By. Charles Kennedy of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • SA Kiteman on May 29 2013 said:
    For the kind of money companies are wasting on biofuel they could solve the entire energy problem using Liquid Fluoride Thorium Recyclers.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News