In California, Pacific Ethanol, Inc. announced it has closed on its agreement to sell its 74% ownership interest in Pacific Aurora, LLC to Aurora Cooperative Elevator Company (Aurora Cooperative) for a total valuation of $52.8 million. After working capital adjustments and settlement of certain payables between the parties, the Company received at closing $20.2 million […]
In Washington, as the COVID-19 pandemic and crude oil glut continue to ravage world fuel markets, U.S. ethanol sales in 2020 could fall by more than $10 billion and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third, according to a new analysis released Monday by the Renewable Fuels Association (RFA). […]
In Minnesota, Granite Falls Energy said in an 8-K SEC filing that due to the continuing market situation resulting from economic impacts related to COVID-19, the company has decided to keep its ethanol plant shut for the remainder of April. When the company first decided to shut the plant on April 3, the expectation was […]
In India, the Press Trust of India reports the government has approved the use of surplus rice for ethanol production that will be used to make hand sanitizer as part of the ongoing battle against COVID-19. Ethanol from rice will also be allowed to be used for blending with gasoline. Sugar mills have fallen short […]
In California, Amyris announced that it has received approval from both Brazilian and Canadian regulators to expand its distribution of its fermented sugarcane Reb M, branded as Purecane zero calorie sweetener in the US to both of these countries. Purecane Brand Sweetener, also known as fermented sugarcane Reb M, is a no calorie and zero […]
In Malaysia, the Sun newspaper reports that CGS CIMB Research says suspending the roll out of the 20% biodiesel blending mandate as announced last week will likely have significant impacts on the palm oil industry next year when the loss in demand will be most strongly felt. With demand for B20 in transport and B7 […]
In Massachusetts, people with COVID-19 who live in U.S. regions with high levels of air pollution are more likely to die from the disease than people who live in less polluted areas, according to a new nationwide study from Harvard T.H. Chan School of Public Health. The study is the first to look at the […]
In Washington, four governors sent a letter urging U.S. Department of Agriculture (USDA) Secretary Sonny Perdue to allocate additional resources under the COVID-19 relief package to address the “economic harm and job losses that biofuel producers are suffering.” An initial tranche of aid, announced last Friday by USDA, included welcome funding for farmers and ranchers, but […]
By Bill Hagy, Lee Enterprises Consulting, Inc. Special to The Digest A series of PowerPoint Presentations outlining key Federal Financial Programs and Assistance that are available to support the domestic bioeconomy have been provided. This was not intended to be an” all inclusive” listing of federal programs/resources available. The PowerPoints were divided into the three […]
Cellink is now on NASDAQ Stockholm, they’ve received grants, been involved in hand disinfectants and test equipment in the Corona Crisis, and somehow have continued to grow globally during the COVID-19 pandemic. Take a peak into their latest financials, major milestones and events, their company, how they are dealing with the current pandemic, and more.
