In Israel, researchers at Tel Aviv University have begun growing Tamarix, a botanical genus that includes salt cedar trees and is indigenous to the old-world deserts, to produce feedstock for biofuels that can survive in arid areas with poor quality water. Though Israel doesn’t have the sufficient land to produce these trees at scale to […]
In the Philippines, the president has issued an executive order that will keep the ad valorem import duty of 10% for pure ethanol imports, which will only be dropped to 1% if the Dept. of Energy provides a certificate proving that the ethanol will be used to supply the country’s E10 policy. More on the […]
Enerkem Inc., a waste-to-biofuels and chemicals company, announced today that James (Jim) Conner has joined its executive team as Senior Vice President, Operations. Jim Conner spent most of his career at Celanese Corporation, a global producer of acetyl products and engineered polymers, and brings more than 25 years of experience in operations, manufacturing and technology.
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.05 percent to 74.09 as Syntroleum soared. For the day, Archer Daniels Midland (ADM) recovered 1.17 percent to $29.39, while Biox (BX.TO) rocketed up 15.85 percent to $0.95. Among other equities, Syntroleum (SYNM) gained 32.61 percent to $1.22. Overall, declines led advances […]
United and Solazyme, Alaska and Dynamic Fuels hook up, as producers scramble to make fuel, raise cash, ratchet down costs. Will producers scale, or fail? In recent weeks, aviation biofuel enthusiasts have noted the commencement of biofuels-powered commercial flights in France, Germany, the Netherlands, Spain and Mexico, and asked when the US-developed technology […]
In California, Pacific Ethanol has reported a strong third quarter, with more than $272 million in revenue and a 490% increase from third quarter 2010. With the release of the report, investor interest has skyrocketed and an increase in trade volume has raised the share price to $0.69, the price it was trading at before […]
In Illinois, the National Corn-to-Ethanol Research center has installed $3.5 million in advanced corn fractionation technology in its Edwardsville center. With the new equipment, the nonprofit hopes to improve efficiencies in production and also plans to expand the career training programs to include methods for this equipment.
In California, Rentech Nitrogen Partners, L.P. (Rentech Nitrogen) priced of its initial public offering of 15,000,000 common units representing limited partner interests at $20 per common unit. The common units are expected to begin trading on the New York Stock Exchange on November 4, 2011 under the ticker symbol “RNF.” In connection with the offering, […]
In Indonesia, Bunge has agreed to buy a 35% stake in Bumiraya Investindo, an Indonesian company that runs four palm oil plantations. This investment follows an expansion last year into the Brazilian sugar industry, as the world’s largest oilseeds processor confronts the stagnation of the traditional vegetable oil markets and its recent drop in profits.
In Canada, Shell Canada is considering building a cellulosic ethanol plant in Manitoba. The area produces various types of straw that would provide an ideal feedstock for the plant. Through its investment in the Raizen JV with Cosan, Shell is an investor in Iogen, the Canadian-based cellulosic ethanol pioneer that has been operating a pilot […]
