In Brazil, Petrobras is boosting gasoline imports by four-fold to make up for the loss of ethanol being blended. The country continues to cut its ethanol-blending mandate due to a severe supply deficit and drivers use less E100 when it becomes more expensive than gasoline. Gasoline imports are seen at 30,000 barrels per day this […]
In London, Technavio in a recent report states that the global bioplastics market is expected to grow at a CAGR of 32 percent over the period 2010-2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the favorable policies adopted by various […]
Today on Twitter. gecko39: Biofuels May Push 120 Million Into Hunger, Qatar’s Shah Says: “The era of low food prices … is over.” NHPrimary2012: Pretty sure Rick Perry just came out in opposition to ethanol subsidies. Iowa? er54: Iowa Hog, Ethanol Baron Bruce Rastetter sees his Influence Rise in GOP Politics (AP: @rjfoley) – DisappearedNews: […]
In Washington state, Washington State University researcher Bin Yang has won a $300,000 grant from the Defense Advanced Research Projects Agency (DARPA) to fund research into the co-production of ethanol and jet fuel from biomass sources. The grant is part of the agency’s Young Faculty Award which was given to 39 researchers across the country.
In Washington, the Biotechnology Industry Organization submitted comments to the Air Force’s Request for Information on the commercial status and market for advanced drop-in biofuels. Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, stated, “The U.S. military and the nation as a whole face a significant national security threat from U.S. dependence […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, skidded 3.52 percent to 67.14 as Wall Street completed one of the worst quarters in recent years. For the day, Archer Daniels Midland (ADM) dumped 3.73 percent to $24.81, while Solazyme (SZYM) plummeted 8.48 percent to $9.61. Among other equities, Monsanto (MON) skidded 4.92 […]
30 billion gallons of aviation fuels demand, and Gevo’s got a technology to produce it, using retrofitted ethanol plants, and a path to fueling planes at parity with conventional jet fuel prices. Game-changer? When it comes to Gevo, the investing public can be safely divided, like Caesar’s Gaul, into three parts. There is the broad […]
In Washington, U.S. Energy Secretary Steven Chu announced that the Department finalized a $132.4 million loan guarantee to Abengoa Bioenergy Biomass of Kansas to support the development of a 23 million gallon cellulosic ethanol plant. Abengoa Bioenergy estimates the project will fund approximately 300 construction jobs and 65 permanent jobs. The project will be located […]
In Ohio, REX American Resources’ Board of Directors has authorized a stock repurchase of 500,000 shares. To date, based on a previous authorization, REX has repurchased 287,854 shares at an average price of $16.35 per share, leaving 9,147,000 shares of common stock outstanding. REX has interests in seven ethanol production facilities representing ownership of approximately […]
In Indiana, the Indiana Corn Marketing Council has awarded flex fuel pump grants of up to $20,000 to Indiana fuel retailers to install flex fuel pumps. Grant recipients include Little Point Auto and Truck Stop, in Stilesville; Austin West-Side Sunoco in Austin; Eddie’s Service, in West Baden; and Capital Express Mart, in Granger. The flex […]
