In Washington, the Biotechnology Industry Organization (BIO) today thanked Sen. Richard Lugar (R-Ind.) and Rep. Marlin Stutzman (R-Ind.) for recognizing the importance of including an energy title in the Rural Economic Farm and Ranch Sustainability and Hunger (REFRESH) Act of 2011. Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, stated, “The energy […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.42 percent to 67.01 asbiofuels equities advanced lightly but broadly. For the day, Archer Daniels Midland (ADM) rose 1.27 percent to $25.49, while Syngenta (SYT) jumped 4.92 percent to $55.04. Among other equities, Monsanto (MON) soared 6.08 percent to $70.28. Overall, advances led […]
Genencor’s GNext initiative ups the partnering ante, as intercompany structures become a must-understand megatrend. What new super-companies will emerge? Earlier this year, Dupont acquired Danisco in a pricey and closely-watched acquisition, which valued Danisco at $6B. Many observers felt that 2011 would be a lost year for Genencor and Dupont as they wen through the […]
In Connecticut, Greenleaf Biofuels, LLC, announced it has secured full project funding with Sovereign Bank for its initial 10 million gallon per year multi-feedstock biodiesel plant in New Haven. Upon completion, Greenleaf believes the plant will be the largest biofuel facility in New England and the first with deepwater and rail access. The Greenleaf facility […]
In North Carolina, Patriot BioDiesel LLC is expanding its operations in response to increased local demand for biodiesel. Scheduled to be complete in mid-October, the upgraded facility will have an annual production capacity of between 2.5 million and 4 million gallons. Patriot BioDiesel temporarily suspended biodiesel production in early 2010, following the expiration of the […]
In Maryland, Rodney Hailey, the owner of Clean Green Fuel, LLC, has been charged by the U.S. federal government for selling $9 million in fraudulent renewable fuel credits and using the money to purchase a Ferrari, a Lamborghini, and a Maserati, and other items. The U.S. Environmental Protection Agency stated Mr. Hailey has been charged […]
In the UK, Thomson Airways will fly passengers from Birmingham to Arrecife, on the Spanish Canary island of Lanzarote, using a combination of used cooking oil and regular jet fuel. The airline had originally hoped to start its biofuel flights last July, but experienced delays with testing and safety clearances. It claims that the use […]
In Honduras, the Organization of American States (OAS) and the Government of the Republic of Honduras signed five cooperation agreements related to arms and drug trafficking, biofuels and the promotion of peace. The Government of Honduras and the OAS General Secretariat agreed to implement the “Pilot Project for Production and Use of Ethanol “.
In Brazil, Logum Logistica SA, a joint venture backed by Petrobras, Odebrecht SA and Raízen, has been awarded a $925.6 million (BRL1.7 billion) bridge loan from Brazil’s development bank BNDES. The company aims to set up an 826.4-mile (1,330 km) ethanol pipeline with an annual throughput capacity of 21 billion liters of ethanol from the […]
In France, Global Bioenergies announced the completion of a €1.4m equity investment from Synthos, a European leader in the manufacturing of rubber. This investment was part of the partnership agreement, signed in July 2011. It was calculated on the basis of a €23.48 share value. Accordingly, Synthos now owns a 3.6% stake of Global Bioenergies. […]
