In Illinois, ADM announced two staff appointments in its financing department: Vikram Luthar will be taking the role of group vice president and Douglas Ostermann will be taking over Luthar’s old position as vice president and treasurer. Both appointees joined ADM in 2004.
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.55 percent to 68.57 as biodiesel sputtered but ethanol recovered. For the day, Archer Daniels Midland (ADM) fell 0.93 percent to $27.70, while Biofuel Emergy (BIOF) soared 27.43 percent to $0.59. Among other equities, Mission NewEnergy (MNEL) plunged 16.25 percent to $2.01. Overall, […]
The Coca-Cola Company invests in Gevo, Virent and Avantium partnerships, in the race to develop renewable plastic bottling entirely from renewables. There’s been an awful lot of press this week about progress in the search for the God particle. That’s the subatomic Higgs Boson — a key, but as yet undetected, anchor in the standard […]
In Florida, the Navy reports that they have finished testing a 50/50 algal fuel blend on their LCAC 91 amphibious transport vessel, achieving the best speed to date with biofuel tests. The LCAC reached 50 knots, beating out the 44.5 knot run of an experimental Riverine Command Craft. The test was conducted in the Gulf […]
In California, OriginOil has co-founded a new joint venture, Future Energy Solutions, to develop biorefineries serving U.S. and NATO military requirements for alternative fuels. Future Energy plans to carry out bankable feasibility studies supporting project development and project delivery for diversified biofuel refining centers in strategic locations around the world. OriginOil intends to contribute its […]
In California and Denmark, CLC bio, a bioinformatics sequence analysis software provider, announced that Sapphire Energy has installed a custom-made bioinformatics solution from CLC bio in their research center in San Diego. CLC bio’s consulting department designs and implements customized bioinformatics solutions.
In Poland, the Polish Office of Competition and Consumer Protection has approved the purchase of Elstar Oils, by ADM Nederland, giving ADM operational control of the company. Additionally, yesterday ADM Nederland acquired the remaining 2.26 percent of Elstar Oils shares, and now owns 100 percent of this company. Elstar, located in northern Poland, operates a […]
In the Philippines, Alta Vista Securities reports they will be part of a joint venture in a jatropha production and biodiesel processing venture in the Sierra Madre Mountain Range of the Philippines. AVS plans on a total of 110,000 hectares divided into eleven clusters of 10,000 hectares each. The total biodiesel annual production at peak […]
In Chile, Bio Architecture Lab broke ground on an experimental pilot facility producing ethanol from Macrocystis pyrifera (brown seaweed); to date, it is believed that only BAL’s technology can metabolize all the sugars in the feedstock, which contains up to 60 percent fermentable carbohydrates, has no lignin, does not require arable land use or freshwater […]
In Germany, BASF and Technische Universität Berlin are putting substantial resources into setting up the UniCat-BASF Joint Lab. BASF plans to invest up to €6.4 million during the first five years. The total investment amounts to about €13 million. Installation of equipment for catalyst synthesis, characterization and testing starts in January 2012. Dr. Friedrich Seitz […]
