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AIA gets OK to list stock

first_img KCS-content BAILED-OUT insurer AIG has won permission to list shares in its Asian life insurance unit AIA on the Hong Kong stock exchange. AIG is thought to be aiming to start trading shares on 29 October, with a view to raising up to $15bn (£9.6bn). AIG, which is nearly 80 per cent owned by the US government, is disposing of assets to repay taxpayers who committed $182.3bn to prop up the insurer during the financial crisis. President and chief executive Robert Benmosche said last month when the firm paid back $4bn of US loans: “AIG is getting stronger every day. We still have more work to do, but we will finish the job and make sure we repay the American taxpayers.”AIG declined to comment on the share listing, while AIA, which is based in Hong Kong, was not available for comment yesterday. The initial public offering (IPO) comes after AIG tried and failed to sell the business earlier this year to Prudential for $35.5bn. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share whatsapp whatsappcenter_img AIA gets OK to list stock by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tuesday 21 September 2010 8:19 pm Show Comments ▼ Tags: NULLlast_img read more

Hiscox is hit by disasters

first_img LLOYD’S insurer Hiscox was yesterday the latest company to warn that insurance claims from the UK’s snowy winter are on the rise.Hiscox estimated it faces £16m in claims from November and December’s bad weather-related claims and said this did not take January’s further freezing conditions into account. The loss is likely to be revised up as further claims are added, and follows a profit warning from property insurer RSA last week after it incurred an £110m UK loss from the weather.Hiscox also played down its exposure to the floods that devastated Australia earlier this month, in its third-quarter trading update. “Hiscox’s position on the Australian floods is still evolving, however we believe we are underweight in this area,” the insurer said.But after taking a £37m net loss from last September’s earthquake in Christchurch, New Zealand, it is possible the floods may also cost it millions. Hiscox, which wrote £1.7bn in premiums last year, reported a £131m combined loss from the Chilean earthquake last February, windstorm Xynthia, which hit Europe in March, and the New Zealand quake. “Although 2010 was marked by many significant and expensive catastrophes, most of these occurred in areas where Hiscox had deliberately reduced exposure due to weak rates,” the company said.Analysts said the combined loss, about 10 per cent of Hiscox’s combined ratio – a ratio of premiums to losses that indicates profitability – was in line with forecasts. “These numbers are broadly reassuring,” said Jeffries analyst Nick Pope. And despite the UK weather claims, the Bermuda-based insurer says its UK business remains “on track to make a healthy profit”. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Wednesday 26 January 2011 7:17 pm Hiscox is hit by disasters KCS-content Share Show Comments ▼ whatsapp Tags: NULLlast_img read more

Mauritius Chemical & Fertilizer Industry Ltd (MCFI.mu) HY2019 Interim Report

first_imgMauritius Chemical & Fertilizer Industry Ltd (MCFI.mu) listed on the Stock Exchange of Mauritius under the Agri-industrial sector has released it’s 2019 interim results for the half year.For more information about Mauritius Chemical & Fertilizer Industry Ltd (MCFI.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Mauritius Chemical & Fertilizer Industry Ltd (MCFI.mu) company page on AfricanFinancials.Document: Mauritius Chemical & Fertilizer Industry Ltd (MCFI.mu)  2019 interim results for the half year.Company ProfileMauritius Chemical & Fertilizer Industry Limited is a Mauritian company that specialises in the production of a comprehensive range of fertilisers for local and international customers. The company deals through several manufacturing and trading companies, supplying products and services that include, complex nitrogen, phosphorous, potassium (NPK) fertilizers, foliar and liquid fertilizers, basic and specialty chemicals for sugar, textile, paint and hotel industries, refrigerants, laboratory services, electrical, and household appliances, electronic equipment, and also commodities such as flour, tires, paper products and steel products. Mauritius Chemical & Fertilizer Industry Ltd operates through its subsidiaries which include MCFI Ltd, Chemco Ltd, Bychemex Ltd, MCFI (Freeport) Ltd, Elcon Systentechnik Mauritius Ltd, Medigaz Ltd and MCFI-SFB Co. Ltd which is a joint venture between the Company and the Shenzen Shenfubao Group, China. Mauritius Chemical & Fertilizer Industry Limited is listed on the Stock Exchange of Mauritius.last_img read more

Dividends to crash 30%+ in 2020! What should you do?

first_imgDividends to crash 30%+ in 2020! What should you do? Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” The investing landscape is becoming more and more perilous for dividend seekers.Firms of all shapes and sizes are axing dividends like there’s no tomorrow. Irrespective of the segments in which they operate, and thus how badly affected they will be likely hit by the coronavirus outbreak, dividends are toppling like dominos as fears over future profits mount. Even firms with robust balance sheets are taking the decision to stop payouts to conserve cash.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Dividends are on the slideThe extent of the dividend cutting was underlined by Link Group figures released today. These show that an eye-popping 45% of companies have already brought the blade down on shareholder rewards. This amounts to a whopping £25.4bn worth of dividends between now and the end of 2020, it estimates. Payments worth an aggregated £17.5bn have already been paid in the first quarter.To put this decline into context, the financial data provider comments that “this represents one third of the dividends [we] had expected UK plc to pay over the rest of this year before the Covid-19 crisis struck.”With the coronavirus outbreak far from beaten, it is clear that investors should be prepared for more dividend cutting in the months ahead. Link Group estimates that a further £23.9bn worth of rewards could be at risk for this year. It considers a total of just £31.1bn to be safe.Cuts are comingWhatever happens from now on, it looks as if annual dividends will fall off a cliff in 2020. Under its most realistic ‘best case’ scenario, Link Group anticipates that total dividends this year will fall 32% from 2019 levels to £67.3bn. This assumes that oil companies will pay out in full but that half of the firms in the ‘At Risk’ group (see chart) will cancel payments.Source: Link GroupMeanwhile, according to its most realistic ‘worst case’ playbook, Link Group says that half of the ‘At Risk’ dividends will topple along with those from oil producers. Energy accounts for half of all the group’s dividends, though Link Group notes that a full cancellation of payouts is highly unlikely.Under this scenario, total dividends would plummet 39% year on year to £60bn.Yields are droppingSo what does this mean for yields? Well under Link Group’s ‘best case’ scenario, the reading for the next 12 months comes out at 3.9%. As the firm notes, this is still above the 30-year average figure of 3.5%.Things look much scarier under the ‘worst case’ synopsis, though. Under these circumstances the yield would sit at just 2%, a low not plumbed since the depths of the dotcom crisis two decades ago.These are unprecedented times, at least from a modern perspective. It means that share pickers need to be extra careful when it comes to filling their shares portfolio. But the worst thing investors can do is to pull up the drawbridge entirely. With the right guidance it is still possible to make big returns from share markets. And there’s plenty of brilliant bargains out there following the recent sell-off. Our 6 ‘Best Buys Now’ Sharescenter_img Image source: Getty Images. Royston Wild | Thursday, 9th April, 2020 Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wildlast_img read more

Hong Kong Sevens teams confirmed, includes Mexico

first_imgLast year’s Hong Kong Sevens was one of the most fiercely contested in recent memory as all four of the previous Hong Kong champions (England, New Zealand, Fiji and Samoa) reached the Cup semi finals.Samoa eventually ran out champions and the extra points available to the Hong Kong champions – Hong Kong’s 24-nation field yields more Series points than the other seven events – helped propel the islanders to their first ever Series title.If the first two events of the 2010/11 World Series are any indication, fans in Hong Kong are in for another thriller. England and New Zealand were the early Cup champions in Dubai and South Africa and four-time Hong Kong champions England currently occupy top spot in the table with 44 points. They are closesly followed by New Zealand (40), defending champions Samoa (36), Fiji (32) and South Africa (24). The next two legs of the World Series will be held in Wellington, New Zealand and Las Vegas, USA over the first two weekends of February. Following the USA Sevens, the official pool draw will be made for the Cathay Pacific/Credit Suisse Hong Kong Sevens on 17 February 2011.Organised by the Hong Kong Rugby Football Union, the 2011 Cathay Pacific/Credit Suisse Hong Kong Sevens is expected to attract upwards of 120,000 spectators through the gates from 25-27 March at the Hong Kong Stadium. The Hong Kong Rugby Football Union has announced the 24 international teams to take part in this year’s Cathay Pacific/Credit Suisse Hong Kong Sevens 2011, the fifth leg of the World Series, with Mexico set to compete for the first time.The Mexicans become the first team to make their maiden Hong Kong voyage since Madagascar first appeared at the tournament in 2006. Invited by the International Rugby Board, Mexico becomes the 49th country to compete at the Hong Kong Sevens in its 35 years.Spain is included in the Hong Kong draw for the first time since 1998, while Malaysia will make their first outing there since 2003.“Mexico’s participation in the Hong Kong leg of this year’s Series gives them an opportunity to compete at an international level in preparation for the upcoming Rugby Sevens competition in the Pan American Games in Guadalajara later in the year,” said IRB Sevens Manager, Beth Coalter.“With 24 teams in Hong Kong there is a wider range of team strengths to compete against and together with Hong Kong’s renowned atmosphere, the experience will go a long way to further assist Mexico’s preparations.”The Hong Kong Rugby Football Union is excited to welcome the 12 core teams participating in all eight events on the Sevens World Series – Argentina, Australia, England, Fiji, France, Kenya, New Zealand, Samoa, Scotland, South Africa, USA and Wales. Seven other nations from outside Asia join those sides – Canada, Mexico, Portugal, Russia, Spain, Tonga and Zimbabwe – while China, Japan, Korea, Malaysia and Hong Kong complete the line-up.center_img LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

Casa no Restelo / Antonio Costa Lima Arquitectos

first_imgArchitects: Antonio Costa Lima Arquitectos Area Area of this architecture project Casa no Restelo / Antonio Costa Lima Arquitectos Area:  200 m² Area:  200 m² Year Completion year of this architecture project Save this picture!© Fernando Guerra | FG+SG+ 23 Share Portugal “COPY” Casa no Restelo / Antonio Costa Lima ArquitectosSave this projectSaveCasa no Restelo / Antonio Costa Lima Arquitectos Projects “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/561654/casa-no-restelo-antonio-costa-lima-arquitectos Clipboard ArchDaily CopyHouses, Renovation•Lisbon, Portugal Houses 2012 Photographs 2012 Year:  Year:  photographs:  Fernando Guerra | FG+SGPhotographs:  Fernando Guerra | FG+SGSave this picture!© Fernando Guerra | FG+SGText description provided by the architects. The house belongs to a band of housing built 60 years ago that is nowadays a very quiet neighbourhood of Lisbon. It was a renewal and an extension of the existing area by the alignment of the rear facade with the facades of the two neighbouring dwellings. The renewal was complete and included also the demolition of the pre-existing building, retaining only the the main facade.Save this picture!SectionThe morphology of the new building, facades and design coverage, intended to mirror the housing adjacent to the south, preserving the original axis of symmetry.Save this picture!© Fernando Guerra | FG+SGThe idea was to define the core element composed of the staircase and fireplace, around which is the structured set of the three floor levels, uneven and “carved” in order to adapt to altimetry from both sides of the street.Save this picture!Floor PlanProject gallerySee allShow lessIwan Baan: No FilterArchitecture NewsInnocean Headquarters Europe / Ippolito Fleitz GroupSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/561654/casa-no-restelo-antonio-costa-lima-arquitectos Clipboard CopyAbout this officeAntonio Costa Lima ArquitectosOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationLisbonFernando GuerraFG+SGHousesRefurbishmentRenovationPortugalPublished on December 20, 2014Cite: “Casa no Restelo / Antonio Costa Lima Arquitectos” 20 Dec 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogFaucetshansgroheKitchen Mixers – Aquno Select M81Vinyl Walls3MVinyl Finishes in HealthPartners Regions HospitalPartitionsSkyfoldWhere to Increase Flexibility in SchoolsCoffee tablesBoConceptMadrid Coffee Table AD19SkylightsLAMILUXFlat Roof Exit Comfort DuoMetallicsTrimoMetal Panels for Roofs – Trimoterm SNVSkylightsVELUX CommercialModular Skylights in Atelier Zimmerlistrasse OfficeStonesNeolithSintered Stone – Iron Moss – Iron CollectionCeramicsTerrealTerracotta Facade in Manchester HospitalWoodBlumer LehmannConsulting and Engineering in Wood ProjectsGlassBendheimLuminous Mirrored GlassWire MeshTwentinoxMetal Mesh – Golf Romeo 7More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

House in Kharkiv / Drozdov & Partners

first_imgArchDaily Projects Houses “COPY” 2015 CopyHouses•Kharkiv, Ukraine ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/776000/house-in-kharkiv-drozdov-and-partners Clipboard photographs:  Andrey AvdeenkoPhotographs:  Andrey Avdeenko Save this picture!© Andrey AvdeenkoRecommended ProductsDoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesDoorsStudcoAccess Panels – AccessDorWoodHESS TIMBERTimber – GLT HybridWoodParklex International S.L.Wood cladding – FacadeText description provided by the architects. The plot is sited on one of the five Kharkiv hills among low-rise development with village-like parceling and scarce apartment houses that emerged here at the turn of the xix-xx centuries. It is located right in front of the central hill, with a railroad running along the valley between the hills. The place enjoys a generous view of the city centre, as well as the nearby church.Save this picture!Floor PlanThe house explores the balance between the private and the common. In fact, it consists of three independent units, providing each member of the family with their own autonomous spaces. The representatives of the younger generation have their own studios with independent access and their own private terraces. The communal living space in the core of the house with a “summer living-room” is a place for social integration and socialization.Save this picture!© Andrey AvdeenkoA nearly three-meter difference in topography made it possible to locate the entrance, utility rooms and the garage on the ground level. All the main premises are placed one the higher level aligned with the garden. As a result the whole house lies on the same level with the exception of a small roof-top pavilion overlooking the church and the city downtown, which serves as an observation point, a study, a guest room and a skylight for the premises beneath.Save this picture!SectionDifferent types of outdoor spaces suggest a variety of scenarios: a semi-open deck of a terrace with a swimming pool and a lounge zone; an open ground for active games in front of it; a more private area further in the garden; and a lawn in the back of the house which is accessed from the master bedroom.Save this picture!© Andrey AvdeenkoA solid volume of the house that floats on the landscape, as well as the principle of family cooperation, explain the name of the house, which is “ark”.Save this picture!© Andrey AvdeenkoProject gallerySee allShow lessWorld Architecture Festival 2015 Seminar ProgramSeminarInstallation at London’s Southbank Centre Opens Archive to the PublicArchitecture News Share 2015 Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/776000/house-in-kharkiv-drozdov-and-partners Clipboard Year:  CopyAbout this officeDrozdov & PartnersOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesKharkivUkrainePublished on October 28, 2015Cite: “House in Kharkiv / Drozdov & Partners” 28 Oct 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsCompositesMitrexPhotovoltaic Solar Cladding – BIPV CladdingMetal PanelsAurubisCopper Alloy: Nordic BronzeBathroomsGeberitBathroom Series – ONESkylightsLAMILUXGlass Skylight F100 CircularMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassAluminium CompositesAmerican MetalcraftAluminum Panels – Decorative Fencing for BridgesPanels / Prefabricated AssembliesULMA Architectural SolutionsWater Facade PanelDoorsLinvisibileLinvisibile Concealed Sliding Door | MareaWall / Ceiling LightsiGuzziniExterior Light – WalkyWoodPlycoWood Boards – Birch LaserplyMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Ukraine Photographs House in Kharkiv / Drozdov & Partners Save this picture!© Andrey Avdeenko+ 19 Share House in Kharkiv / Drozdov & PartnersSave this projectSaveHouse in Kharkiv / Drozdov & Partners Architects: Drozdov & Partners Area Area of this architecture project “COPY” Area:  488 m² Area:  488 m² Year Completion year of this architecture project last_img read more

C4 Dispatches to cover fundraising at London Marathon

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 8 April 2010 | News C4 Dispatches to cover fundraising at London Marathon Tagged with: Events London marathon Channel 4’s Dispatches tomorrow evening will report on the London Marathon and in particular how much money it generates, how much it costs to stage, and how it is used by charities to fundraise.Journalist Ben Laurance interviews charities to find out how much they pay to take part in the event and the competition amongst charities to gain places. He also talks to charities who do not get a chance to benefit from the UK’s largest fundraising event and “the biggest one-day fundraising event in the world”.Dispatches: Tracing the Marathon’s Millions will be broadcast tomorrow, Friday 9 April 2010, at 20.00 on Channel 4. It will be repeated on Friday 16 April on Channel 4 at 03.55.The 2010 Virgin London Marathon takes place on 25 April. In 2009, 36,000 participants raised £47 million for charities.last_img read more

Ethanol industry Criticizes API-Funded Study on Biofuel Emissions

first_imgHome Energy Ethanol industry Criticizes API-Funded Study on Biofuel Emissions SHARE Representatives of the U.S. ethanol industry are speaking out to criticize a University of Michigan study that claims biofuels increase carbon dioxide emissions. The study was funded in part by the American Petroleum Industry. The study was completed by a team led by research professor John DeCicco. According to information released by the University of Michigan, the study is based on USDA crop-production data. The researchers said their analysis showed that during the period when U.S. biofuel production rapidly ramped up, the increased carbon dioxide uptake by the crops was only enough to offset 37 percent of the carbon dioxide emissions due to biofuel combustion. The study, which was published online Aug. 25 in the journal Climatic Change, claims that rising biofuel use has been associated with a net increase of carbon dioxide emissions and that biofuels are worse than gasoline.The Renewable Fuels Association released a statement stressing DeCicco is a longtime biofuel critic. “This is the same study, same flawed methodology, and same fallacious result that Professor DeCicco has churned out multiple times in the past,” said Bob Dinneen, president and CEO of the RFA. “He has been making these arguments for years, and for years they have been rejected by climate scientists, regulatory bodies and governments around the world, and reputable lifecycle analysis experts.”“As crazy as it sounds, Prof. DeCicco is essentially suggesting that plants ultimately used for bioenergy don’t absorb carbon dioxide from the atmosphere as they grow,” Dinneen continued. “In other words, he and his sponsors at the API are arguing that the scientific community’s centuries-old understanding of photosynthesis and plant biology is wrong. DeCicco’s assertion that plants somehow emit more carbon when burned as fuel than they take in from the atmosphere during photosynthesis defies the most basic laws of plant physiology.”“Just like Prof. DeCicco’s last study, this work was funded by the API, which obviously has a vested interest in obscuring and confusing accepted bioenergy carbon accounting practices,” Dinneen said. “It’s a bit like the tobacco industry funding a study that says bubble gum is worse for the human body than cigarettes. While it’s flattering that API has taken such an interest in the climate benefits of biofuels,  the public would be better served if the oil industry spent its time and money examining and owning up to the very real—and very negative—climate impacts of petroleum.Dinneen stressed that biomass crops used to produce energy act as temporary carbon sinks. During growth they quickly absorb carbon dioxide from the atmosphere, and return the same amount of carbon dioxide to the atmosphere when the carbon crop is combusted for energy, he said. “In this way, the use of biomass for energy recycles atmospheric carbon as part of a relatively rapid cycle. In contrast, the use of fossil fuels adds to atmospheric CO2 by emitting carbon that was previously sequestered deep underground for millions of years,” Dinneen said.“According to researchers at Duke University, the University of Minnesota, and Oak Ridge National Laboratory: ‘A critical temporal distinction exists when comparing ethanol and gasoline lifecycles,” Dinneen continued. “Oil deposits were established millions of years in the past. The use of oil transfers into today’s atmosphere GHGs that had been sequestered and secured for millennia and would have remained out of Earth’s atmosphere if not for human intervention. While the production and use of bioenergy also releases GHGs, there is an intrinsic difference between the two fuels, for GHG emissions associated with biofuels occur at temporal scales that would occur naturally, with or without human intervention. …Hence, a bioenergy cycle can be managed while maintaining atmospheric conditions similar to those that allowed humans to evolve and thrive on Earth. In contrast, massive release of fossil fuel carbon alters this balance, and the resulting changes to atmospheric concentrations of GHGs will impact Earth’s climate for eons.”Growth Energy has also spoken out to criticize the University of Michigan report. “Overwhelmingly, objective research demonstrates that biofuels are among the best tools we have to reduce greenhouse gas emissions and combat the effects of climate change,” said Emily Skor, CEO of Growth Energy. “The latest attacks from John DeCicco and his sponsors in the oil industry reflect the same bogus arguments they have made for years, and policymakers aren’t going to be fooled. As the Department of Energy’s Argonne National Laboratory has demonstrated, ethanol is an earth-friendly biofuel that reduces greenhouse gas emissions by an average of 34 percent over their its lifecycle, while advanced biofuels can reduce emissions by 100 percent or more over conventional gasoline.”“This latest report is just another desperate attempt discredit the nation’s most successful clean energy program,” Skor continued. “The renewable fuels standard is bringing cleaner, more affordable options to the gas pump, and those biofuels have helped to cut greenhouse gas emissions by 110 million metric tons every year—the equivalent of taking nearly 20 million vehicles off the road. Ethanol also has helped save consumers as much as $0.50 to $1.50 per gallon. More bogus climate science from the oil industry can’t change that.” Ethanol industry Criticizes API-Funded Study on Biofuel Emissions By Gary Truitt – Aug 29, 2016 Facebook Twitter Facebook Twitter Previous articleSyngenta Delivers 29 New Soybean Varieties for 2017 seasonNext articleStorms Bring More Moisture than Damage to Crops Gary Truitt SHARElast_img read more

U.S. Ethanol Production Remains Strong

first_img SHARE U.S. Ethanol Production Remains Strong Facebook Twitter SHARE By Hoosier Ag Today – Dec 21, 2017 According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.077 million barrels per day (b/d)—or 45.23 million gallons daily. That is down 12,000 b/d from the week before, but enough to post the third-highest volume on record. The four-week average for ethanol production ticked higher to a record 1.085 million b/d for an annualized rate of 16.63 billion gallons. Stocks of ethanol were 22.3 million barrels. That is a 0.4% decrease from last week. Imports of ethanol remained flat at zero b/d for the second week in a row.Average weekly gasoline demand increased 3.7 % to a 4-week high of 395.9 million gallons (9.426 million barrels) daily. This is equivalent to 144.5 billion gallons annualized. Refiner/blender input of ethanol decreased 0.2% to 914,000 b/d, equivalent to 14.01 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.43%.Source: RFA Home Indiana Agriculture News U.S. Ethanol Production Remains Strong Facebook Twitter Previous articleRyan Martin’s Indiana Ag Forecast for December 21, 2017Next articleFarm Succession Planning Workshops from Purdue Extension Hoosier Ag Todaylast_img read more