Workflow
Renewable fuel
icon
Search documents
Porsche develops 911 Cup race car for 2026 season launch
GlobeNewswire News Room· 2025-07-18 12:21
Core Insights - The new Porsche 911 Cup will debut in summer 2025 and will be utilized in the Porsche Mobil 1 Supercup and selected Carrera Cup series starting in the 2026 season [1] Group 1: Company Developments - The Porsche 911 has been the foundation for the sports car manufacturer's one-make cup racing series since 1990, evolving into a global success with competitions in over twelve countries [2] - The production of the 911-based one-make cup cars has reached 5,381 units, making them among the most produced racing cars globally [2] - The current model of the 911 Cup has been produced 1,130 times since its debut in the 2021 season, with production taking just under eight hours per unit [3] Group 2: Technical Advancements - Development of the new 911 Cup began in January 2024, focusing on enhancing aerodynamics, vehicle electronics, brakes, transmission, and engine performance [4] - Real-world testing was conducted on notable racetracks, including Monza and Lausitzring, with experienced drivers participating in the test drives [4] Group 3: Sustainability Initiatives - The 2025 Porsche Mobil 1 Supercup will utilize an eFuel blend that meets FIA requirements for renewable fuel, achieving a 66% reduction in CO2 emissions compared to fossil fuels [5] - The eFuel blend consists of 79.7% renewable components, primarily renewable synthetic raw gasoline, and has an octane rating of 100.5 RON [5] - HIF, the manufacturer of the raw fuel, is implementing measures to minimize CO2 emissions during production, including sourcing electricity from renewable wind energy [6][7]
FutureFuel Releases First Quarter 2025 Results
Globenewswire· 2025-05-12 20:10
Financial Performance - FutureFuel Corp. reported a net loss of $17.6 million, or $0.40 per diluted share, for Q1 2025, a significant decline from a net income of $4.3 million, or $0.10 per diluted share, in Q1 2024 [8][11][25] - Revenues decreased by 70% to $17.5 million, down from $58.3 million in the same quarter of the previous year, primarily due to lower biofuel volumes and reduced prices [8][11][32] - Adjusted EBITDA was ($16.1) million, a decrease from $7.1 million in Q1 2024 [8][11][29] Operational Highlights - The decline in biofuel volumes was attributed to a strategic turnaround of the main production facilities in Batesville, Arkansas, which was advanced to address anticipated weakness in biodiesel margins [2][11] - The turnaround aimed to enhance plant reliability and quality capabilities, with chemical operations resuming in mid-March and biodiesel production restarting at the end of March [2][5] - FutureFuel has been producing renewable fuels since 2005, leveraging its experience to navigate the cyclicality of the biodiesel business [3] Industry Engagement - FutureFuel is actively engaging with biodiesel industry groups to advocate for clarity regarding the Clean Fuel Producers Tax Credit and the reinstatement of the Blenders Tax Credit [4][5] - The company maintains a structural advantage over peers due to its ability to process a wide range of feedstocks, which helps sustain operations during challenging market conditions [5] Capital Expenditures and Future Plans - Capital expenditures increased to $4.0 million in Q1 2025 from $2.3 million in the same period in 2024, primarily for the construction of a custom chemical plant expected to be completed mid-year [13] - FutureFuel's new backward-integrated capacity project is on track to come online in late summer 2025, with anticipated revenue contributions by the end of Q3 2025 [5] Board and Leadership Changes - Pam Butcher has joined the FutureFuel Board of Directors, bringing extensive leadership experience in the chemical industry to support the company's growth strategy [6]
Aemetis to Benefit From EPA’s Approval of 15 Percent Ethanol Blend
Globenewswire· 2025-04-29 12:00
Core Insights - The U.S. Environmental Protection Agency (EPA) has issued a waiver allowing the continued sale of a 15 percent ethanol blend (E15), which is expected to increase demand and sales for Aemetis, Inc. [1][2] - The average ethanol blend in the U.S. was 10.4% in 2024, with a total of 14.2 billion gallons, and the adoption of E15 could lead to a 50% increase in the ethanol market [1][2]. Group 1: Impact of E15 Adoption - The EPA's decision to allow E15 sales is anticipated to lower gasoline prices for consumers, potentially saving them up to $0.20 per gallon, translating to approximately $2.7 billion in savings annually [2][4]. - The E15 blend is expected to help reduce carbon emissions and support rural economies by creating jobs [2][4]. Group 2: Legislative Support - Senate Bill 2707, known as the "Nationwide Consumer and Fuel Retailer Choice Act," has been introduced to propose the permanent sale of E15 across the U.S., excluding states like California with their own regulations [5]. - The E15 blend is approved for use in over 95% of vehicles currently on the road, indicating broad market acceptance [5]. Group 3: California's Unique Position - California remains the only state not to approve the E15 blend, which typically has the highest gasoline prices in the U.S. [3]. - Governor Gavin Newsom has requested the California Air and Resources Board to expedite the study necessary for adopting E15 in the state [3]. Group 4: Company Overview - Aemetis, Inc. is focused on renewable natural gas and biofuels, operating a 65 million gallon per year ethanol production facility in California and an 80 million gallon per year biofuels facility in India [6]. - The company is also developing sustainable aviation fuel and renewable diesel biorefineries, along with a carbon sequestration project in California [6].