In Colorado, Biofuel Energy returned to profitability in their 3Q, generating $2.5 million net income, on revenues of $162.5 million. Compared to the prior year period, net income improved by $4.3 million, primarily due to improved yield and other operational efficiencies. Scott H. Pearce, President and CEO, stated, “Margins strengthened from the second quarter and […]
In Texas, White Energy has received a $3 million grant from the USDA to promote ethanol production away from corn starch. White Energy operates ethanol plants in both Plainview and Hereford, with a capacity of 118 MG7 at each plant, utilizing both corn and grain sorghum. White energy also sells the DDG that results to […]
On Hawaii, Boeing announced a collaborative agreement to work with Hawai’i BioEnergy on renewable energy sources for creating aviation fuel. Under the agreement, Boeing and Hawai’i BioEnergy will look at various crops including sorghum and eucalyptus as potential sources that can be grown locally and converted to jet fuel. The collaboration will also look to […]
In Brazil, Cosan reported net profits for their second quarter fell from BRL251.5 million a year ago to BRL63.2 million. Cosan is quoted as stating, “The net financial result on the period presented a net expense of BRL393.6 million compared to a net revenue of BRL86.4 million in the year ago period (a negative net […]
In Sierra Leone, Addax Bioenergy hosted the ground breaking ceremony for its energy and agriculture project near Makeni, in Sierra Leone. The project started in 2008, and includes development of a greenfield sugarcane plantation, and construction of both an ethanol plant and a biomass electrical power plant. When at full production in 2014, the project […]
In the Philippines, Energy Undersecretary Jose M. Layug Jr. stated that the North Sea Group is considering building an ethanol plant in the Philippines, with a capacity as high as 106 MGy. Layug commented, “Their technology allows for different types of feedstock. North Sea wants to build an ethanol plant but they also need to […]
In Tennessee, ORNL researchers have determined that enzymes moving at the molecular level perform hundreds of chemical processes that have a ripple effect necessary for life. Previously, protein complexes were viewed as static entities with biological function understood in terms of direct interactions, but that isn’t the case The discovery was made using the Jaguar […]
In Nebraska, a new grant awarded by USDA will be used to promote flex fuel vehicles, flex fuel pumps, and driver education. The grant was announced at a meeting of the Nebraska Ethanol Board today. The Nebraska Ethanol Industry Coalition (NEIC), a non-profit educational organization, will be working with the FlexFuel Vehicle Awareness Campaign to […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.57 percent to 73.54 as markets retreated again on Italian debt concerns. For the day, Archer Daniels Midland (ADM) fell 0.31 percent to $28.88, while The Andersons (ANDE) jumped 8.10 percent to $41.09. Among other equities, Novozymes (NZMB.OB) dumped 3.76 percent to $147.25. […]
Advanced biofuels industry focuses on 10 priorities, as Advanced Biofuels Markets gets underway in San Francisco In California, more than 350 delegates gathered at Advanced Biofuesl Markets to set industry priorities for the next six months, seal partnerships, and exchange outlooks on 2012. It didn’t take long for the Top 10 priorities to become clear. […]
