Biofuels to Attract $69 Billion Over Next Decade, Navigant Says


Biofuels to Attract $69 Billion Over Next Decade, Navigant Says

http://www.bloomberg.com/news/2013-07-19/biofuels-to-attract-69-billion-over-next-decade-navigant-says.html

Biofuel producers will invest as much as $69 billion to expand output during the next decade, driven in part by U.S. policies that increase blending of plant-based fuels into petroleum-based fuel, according to a report from Navigant Consulting Inc. (NCI)
Annual biofuel sales will increase to $7.6 billion by 2023 as fuel blenders meet mandated growth targets in the U.S., the Chicago-based company said today in a statement.
Standard ethanol made from corn and sugar cane will remain the largest segment of the market and most of the investment in research and production will go to advanced biofuels including biodiesel, biobutenol and cellulosic ethanol made from inedible agricultural products.
To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance


NASDAQ OMX and NGX Announce U.S. Physical Energy Alliance
Press Release: The NASDAQ OMX Group, Inc. – Tue, Jul 9, 2013 10:05 AM EDT

http://finance.yahoo.com/news/nasdaq-omx-ngx-announce-u-140503566.html

NEW YORK and CALGARY, July 9, 2013 (GLOBE NEWSWIRE) — NASDAQ OMX Commodities and Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that they have entered into a strategic alliance (the Alliance). The Alliance involves the NASDAQ OMX US physical energy entity, NASDAQ OMX Commodities Clearing Company (NOCC), a wholly-owned subsidiary of The NASDAQ OMX Group, Inc., and the physical energy exchange and clearinghouse of NGX, which serves more than 250 contracting parties in the US and Canada.
Together NGX and NOCC will provide a premier solution for transacting in physical energy in the US, helping customers maximize collateral efficiency, and enabling increased transparency and market liquidity. The Alliance will leverage NGX’s established US natural gas trading and clearing expertise combined with NOCC’s physical power know-how. NGX will offer trading and clearing services for the Alliance and NOCC will contribute account management, product development, and scheduling resources.
“Adding physical power products with an established organization such as NOCC is a natural addition to our successful physical natural gas business in the US,” said Jim Oosterbaan, President of NGX. “We expect this Alliance to help new and existing NGX customers to improve their liquidity and collateral efficiencies through cross commodity netting.”
“NGX is strategically aligned with our physical power business and their complementary natural gas products present a great opportunity to leverage our combined experience and capability in this unique regulatory environment,” said Magnus Haglind, Head of US Commodities for NASDAQ OMX.
Subject to regulatory approval, NGX, a recognized exchange and clearing agency in Canada and a registered U.S. Foreign Board of Trade and Derivative Clearing Organization, will list and clear physical power futures contracts based on NGX’s existing US physical natural gas futures contracts. As a result, contracting parties will benefit from:
Collateral efficiencies under existing NGX margining rules via spread credits and cross-commodity netting
Regulatory certainty
Improved liquidity and distribution in Canada and the U.S.
Introduction of physically cleared power products to WebICE through NGX’s alliance with the InterContinental Exchange, Inc.
NGX expects to list the physical power futures contracts in September in concert with the novation of NOCC’s remaining physical power contracts to NGX. The NGX physical power futures will initially be listed exclusively for the ERCOT (Texas) market, expanding later into the WECC region.
About TMX Group (TSX:X)
TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit http://www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
About NASDAQ OMX Commodities Clearing Company
NASDAQ OMX Commodities Clearing Company provides trading opportunities to its physical power and natural gas trading counterparties, supported by sophisticated credit and risk management operations. It is part of NASDAQ OMX Commodities, which is a trademark of the NASDAQ OMX Group, Inc.
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.

NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NOS Clearing ASA is the leading clearing house for the freight market and a specialist clearing provider to the commodities markets. The company is wholly owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in Oslo, has more than 300 members.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at http://www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

CME Group Announces First Trade of New USD-Denominated Palm Oil Swaps – Jul 1, 2013


CME Group Announces First Trade of New USD-Denominated Palm Oil Swaps – Jul 1, 2013.

Thomson Reuters launches European power analytics tool


Thomson Reuters launches European power analytics tool

http://www.automatedtrader.net/news/at/142965/thomson-reuters-launches-european-power-analytics-tool

Thomson Reuters launched a tool designed to help traders predict prices in European power markets.

London/New York Thomson Reuters launched a new analytics tool on its flagship Eikon product to help commodities traders and analysts predict prices in major European power markets.

The new tool, Power Curve, uses visualisation techniques to enable traders and analysts to obtain real-time, fundamental fair value assessments of the Nordic and German power markets, two of the most liquid power markets in the world.

Thomson Reuters said Power Curve combines power supply data available under REMIT, or Regulation on Energy Market Integrity and Transparency, with real-time fuel prices, weather, available capacity information and Thomson Reuters proprietary supply and demand models.

“Power markets are increasingly complex and news and price data alone are no longer adequate for traders to assess the fair value of power markets today. Understanding the impact of event-driven data such as weather, supply and demand changes and capacity information on power contracts is critical but also very time consuming,” said Stefan Reichenbach, head of commodities research and forecasts at Thomson Reuters.

“By adding event-driven market simulation models into Thomson Reuters Eikon, we are bringing together data from multiple sources, including data made available by REMIT, and providing energy professionals with a comprehensive visualisation of how such events drive market outcomes,” he said.

Reichenbach added: “Recently when a German nuclear power plant came back on-stream earlier than anticipated, Power Curve visually illustrated how demand would be met by plants with lower marginal cost and correctly anticipated the €2 drop in power prices.”

The Commodity Research and Forecasts service in Eikon provides weather, metals, agriculture and energy insight from a team of analysts from Thomson Reuters GFMS, Thomson Reuters Lanworth, Thomson Reuters Point Carbon and Thomson Reuters Weather Insight.

Eka expands further into US agriculture markets with Mitsubishi subsidiary, Agrex


See on Scoop.itThe FIX Protocol and multi asset electronic trading.

Eka Software Solutions, a global provider of advanced commodities and energy trading and risk management technologies (CTRM & ETRM), today announced further expansion into the US and global grain markets.

See on www.bobsguide.com

IEA: Renewables To Exceed Natural Gas, Nuclear Energy By 2016


Natural gas is widely considered the bridge to take us from fossil fuel dependence to a clean energy future – but that bridge may be a lot shorter than anyone could have predicted.

via Pocket http://theenergycollective.com/silviomarcacci/242601/iea-renewables-will-exceed-natural-gas-and-nuclear-2016 June 30, 2013 at 01:03PM

California Grid Operator Asks Geothermal to Help Feed the Duck


California’s 33-percent-renewables-by-2020 mandate is becoming a reality, and the state’s electricity system operator wants the geothermal industry to help keep the grid stable as more generation comes from variable resources.

via Pocket http://theenergycollective.com/stephenlacey/243606/california-grid-operator-asks-geothermal-help-feed-duck June 30, 2013 at 01:02PM

Abengoa Opens Pilot Plant That Turns Waste Into Biofuels


Abengoa SA (ABG), Spain’s largest biofuels producer, inaugurated a demonstration plant that can make bioethanol from municipal solid waste, its first using the technology. The facility in Babilafuente, central Spain, can treat 25,000 tons of municipal solid waste to generate as much as 1.

via Pocket http://www.bloomberg.com/news/2013-06-27/abengoa-opens-pilot-plant-that-turns-waste-into-biofuels.html June 29, 2013 at 01:57PM

Drax Plan to Switch to Wood From Coal May Get $160 Million Loan


The European Investment Bank is considering whether to approve a loan to Drax Group Plc (DRX) for its plan to convert Britain’s largest coal-fired power station to burn wood.

via Pocket http://www.bloomberg.com/news/2013-06-27/drax-plan-to-switch-to-wood-from-coal-may-get-160-million-loan.html June 29, 2013 at 01:54PM

EBRD helps Russia save energy [EBRD – News and events]


EBRD helps Russia save energy [EBRD – News and events].

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