News
New Cargill subsidiary to develop ethanol plants
Newly formed company Emerald Renewable Energy has revealed plans to develop four 100-million gallon per year ethanol plants in the corn-belt area of the Midwestern US.
Highbridge Capital and Louis Dreyfus Group create partnership
Multi-strategy hedge fund Highbridge Capital Management and the Louis Dreyfus Group, a global commodities business, have joined to form a merchant energy partnership.
Allegheny Power proposes Maryland plan
Allegheny Power, the electric delivery subsidiary of investor-owned utility Allegheny Energy, has proposed a rate stabilisation and transition plan for its Maryland residential customers.
Optionable adds new listings
Energy brokerage Optionable is now listing contracts for crude oil, heating oil and gasoline through its Opex trading platform.
EC takes firm line on emission allowances
As Phase II of the EU ETS comes in to effect, the EC has slashed the national allocation plans of more than ten member states, writes Oliver Holtaway
Nymex to offer soft commodities
The New York Mercantile Exchange (Nymex) has entered the soft commodity space with the launch of six new futures contracts on its ClearPort clearing and trading platform.
Evolution Markets enters biofuels market
Evolution Markets has launched brokerage and financial services for the US and global biofuels market.
globalCOAL settles with GFI in dispute over physical coal contract
Electronic trading platform globalCOAL has fended off another attempt by a major inter-dealer broker to use its products on their own screens, after reaching an agreement with GFI to prevent any use of its Standard Coal Trading Agreement (SCoTA) on its…