Agency: Cordis | Branch: FP7 | Program: JTI-CSA-FCH | Phase: SP1-JTI-FCH.2013.5.2 | Award Amount: 1.44M | Year: 2014
KnowHY aims to provide the FC&H2 sector with a training offer for technicians and workers featuring quality in contents, accessibility in format and language, practicality for the targeted audience, ease of scalability and update, and at competitive costs which make the training offer economically sustainable after project completion. Thanks to this project both OEMs as well as professionals can rely on third parties to provide a sound and effective first training, covering the understanding of the technology, safety and regulatory aspects and the practical theoretical as well as hands on contents. The Consortium consists of partners from European countries covering 7 of the most usual languages, as English, German, French, Italian, Spanish, Portuguese and Dutch. Most of the partners combine a large experience in FC&H2 technologies and training or education, whereas FSV features an exceptional experience in developing e-learning training contents and courses. The targeted audience technicians, workers and professionals in general with a practical knowledge in installation, maintenance and operation of hydrogen and fuel cell applications. Customized courses and modules will target individual applications as residential CHP, FCEV, HRS, distributed generation, or back-up systems, adapted from country to country and form sector to sector but preserving homogeneity. KnowHy will take into consideration the findings of previous projects as HyProfessionals, TrainHy and H2-training. The following actions are planned: - Developing an online tool for accessing to the training contents via web. - Developing specific courses adapted to the different applications addressed and translating them in the required languages. There will be different levels of knowledge. - Carrying out practical seminars in existing facilities, such as demo projects, or labs adapted to the training. - Dissemination among FCH-JU stakeholders, OEMS, education authorities, and the potential users.
WASHINGTON (Reuters) - An oil refining group on Thursday asked the U.S. Environmental Protection Agency to change the way it enforces the country's biofuel mandate, stepping up pressure on the agency to alter the program. The American Fuel and Petrochemical Manufacturers (AFPM) filed a petition urging the EPA to move the responsibility for complying with the Renewable Fuel Standard (RFS) further downstream in the refining and distribution process. "This is an administrative petition that we're filing to try to make the program better until Congress can step in and do what really needs to be done and that is repeal the program," AFPM President Chet Thompson told Reuters. Thompson called the petition a "reasonable step" that would make the program "far more equitable." AFPM and other oil and gas groups have long been opposed to the RFS, which sets the amounts of biofuels such as ethanol that must be blended into U.S. gasoline and diesel supplies annually. They argue the mandates are costly for refiners and do not reflect actual gasoline demand, which has not risen as fast as lawmakers originally envisioned. The RFS, which is managed by the EPA, currently requires oil refiners and importers to show they are blending ethanol and other renewable fuels with gasoline and diesel. AFPM is asking that EPA make the owners of fuel at loading racks responsible for showing the mandated biofuels were blended. AFPM's petition follows a similar request filed by Valero Energy Corp in June. Oil refiners and importers are required to prove compliance with the renewable fuel mandate by either blending biofuels or buying paper credits, known as RINs, from companies that are in compliance. Companies like fuel retailers, which blend fuels, benefit from selling RINs to obligated parties. Their profits from RIN sales could soar this year as prices of the credits have jumped to highs not seen since 2013 on supply worries due to more ambitious targets for biofuels. EPA has repeatedly indicated that it would consider changing the obligated parties if it became clear the RIN market was not functioning as it should, Thompson said. "The cost of RINs today is over a dollar, it's pretty clear that the RIN market is not working," he said. "We're calling EPA out on its own promise, to reconsider it when the time was right."
Debra Fiakas is the Managing Director of , an alternative research resource on small capitalization companies in selected industries. This week Darling Ingredients DAR : NYSE) reported financial results for the quarter ending December 2015, demonstrating management’s collective ability to manage margins in a period of low inflation. The fourth quarter 2015 top-line was $809.7 million, providing $84.4 million in net income or $0.52 per share. Revenue was 19.1% lower than the same period last year, but net income increased by 20.7% year-over-year. Weak commodity prices led to lower sales volumes and selling prices that translated into lower year-over-year revenue. At the same time the commodity market compression also reduced raw materials costs, increasing profit margins.The Company also benefited from its investment in the Diamond Green Diesel joint venture with Valero (VLO: NYSE), by capturing value in the fats supply chain that might have otherwise been lost to Darling as an animal fats recycler. The joint venture is part of Darling fuel ingredients segments, which delivered 8.1% of total sales to the mix in the fourth quarter and an exceptional 37.9% of operating income.Earnings in the December quarter far outpaced expectations for a two-bit bottom line. It was the first upside surprise delivered by the Company in over a year. Consequently, under higher than average trading volume, the stock gapped higher in the first day of trading following the earnings announcement and conference call. The stock gapped higher again in the final day of trading last week, moving well above a line of price resistance that we believed was developed through historic trading volumes at the $11.50 price level.Yet exceptional profit is not the only thing sparking investor interest in Darling Ingredients. Last week Darling announced a new joint venture with Intrexon Corporation (XON: NYSE) to develop black soldier flies for fish and poultry feed. Concurrently, Intrexon acquired EnviroFlight LLC and its proprietary fly husbandry processes as part of the effort to cultivate black soldier fly larvae for fish and poultry feed. The product is expected to be highly marketable given the merits of larvae over wild fish or other protein by-products for these markets. Successful introduction of fly larvae as a preferred feed is also expected to reduce threats to fishing waters from over-fishing and pollution.There were numerous questions during the earnings conference call about the joint venture and the apparent expansion of interest on the part of Darling to expand beyond feed by-product recycling to new feed production. Randall Stuewe related the Darling’s history of work with EnviroFlight as a development partner with the fledgling protein producer. The relationship has been formalized into a joint venture with EnviroFlight’s new owner, Intrexon.Stuewe stated clearly that population growth is outpacing the ability of pastures and fields to produce enough animal feed protein. In particular new sustainable sources of protein are needed for poultry and aquaculture to reduce pressures on other feed sources. Darling has committed approximately $3 million in capital to building a pilot plant for cultivation of black soldier fly larvae. Although a site has not yet been determined, construction could still begin in 2016. Ultimately, each production facility could cost between $4 million to $5 million, with additional capital required to begin operation.The black fly project adds a new dimension to Darling Ingredients business model, which has to this point been largely as a recycler of food by-products not as a cultivator of original feed. Darling Ingredient’s management culture has proven that it is able to handle a wide range of business challenges from tough pricing environments, to large, multi-faceted acquisitions and joint ventures. There is plenty of reason to have confidence in Darling’s soldiers. Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein. Crystal Equity Research has a Buy rating on DAR and Darling Ingredients is included in the Biofuel Group of the Beach Boys Index of alternative energy developers and producers.
« AZRA invests C$40 million (CAD) in transport electrification in Canada; 2K new charge points and Twizy | Main | Excellance showcasing CNG-powered ambulance » Diamond Green Diesel (DGD)—a joint venture between Valero Energy Corporation and Darling Ingredients—will expand its annual production capacity at its plant in Norco, LA from 160 million gallons of renewable diesel to 275 million gallons. The company estimates that the incremental cost per gallon of renewable diesel production for the expansion will be approximately one-half of the greenfield construction cost due to significant logistics and processing facilities already in place. This expansion plan is expected to be funded by DGD cash flow and is subject to final engineering and cost analysis. DGD estimates completion in the fourth quarter of 2017, with production expected to ramp-up in the first quarter of 2018. DGD expects to operate at full capacity throughout the expansion phase, excluding an estimated 15-to-30 days of necessary downtime for final tie-ins. The planned expansion will also include expanded outbound logistics for servicing the many developing low carbon fuel markets around North America and the globe.
Agency: Cordis | Branch: FP7 | Program: JTI-CSA-FCH | Phase: SP1-JTI-FCH.2009.5.1 | Award Amount: 432.12K | Year: 2011
Todays technicians and students are the next generation of potential fuel cell users and designers, and education now is a critical step towards the widespread acceptance and implementation of hydrogen fuel cell technology in the near future. Development of training initiatives for technical professionals will be started aiming to secure the required mid- and long-term availability of human resources for hydrogen technologies. The future initiatives have to be carried out for various educational levels and including industry, SMEs, educational institutions and Authorities. Coordination and cooperation are key factors to fulfil the objective: develop a well-trained work-force which will support the technological development. Contact with other educational programs like Leonardo will be sought.