According to the British "Financial Times" report, the American chemical group DuPont said in 2015 that unless the crude oil price rose to 70 to 80 US dollars a barrel, advanced biofuels made from agricultural waste would be no match for traditional fuels. This statement points to the challenges faced by “second generation” biofuel manufacturers. After 10 years of painstaking research into the production process, these companies have found that their business model is at risk of changing the economic environment of the industry.

During the years when crude oil continued to slump, most of the biological (fuel) diesel plants were in a state of shutdown. In the case of the factory, the start-up was not as good as the start-up, and the start-up compensation was much more. According to the biodiesel network information, the price of waste oil as a raw material for biodiesel has remained high. At the same time, biodiesel has not been sold at a high price, which has caused the firewood enterprises to remain in an awkward position. Therefore, many factories are basically dying and waiting to see. in.

In recent days, due to geopolitical influence, crude oil continued to rise; US WTI crude oil June futures closed up 0.22 US dollars on Thursday (May 10), or 0.31%, to 71.36 US dollars / barrel. Brent crude July futures closed up $0.26, or 0.34%, to $77.47 a barrel on Thursday. The US exit of the Iranian nuclear agreement and the crude oil and refined oil inventories across the board continued to bring effective support for oil prices, and the fall in the dollar also brought some boost. US WTI crude oil futures price hit a high of 71.89 US dollars / barrel, Brent crude oil futures price hit a maximum of 78.00 US dollars / barrel. Crude oil has risen sharply and is above 70. For the firewood enterprises, it seems that there is a bit of dawn. According to the biodiesel network news, the biodiesel enterprises currently in production are in tight supply and the shipment situation is much better than before. If crude oil continues to rise, the biodiesel network is expected to have a certain rebound in the operating rate of firewood companies. But for the ambiguity of future expectations, the wait and see will still be the mainstream.

Loose Hex Key

Loose Hex Key,Hex Allen Wrench,Allen Key Bit Set,Security Allen Wrench

henan horn tools co.,ltd. , https://www.nbhorntoolsltd.com

Posted on