In Michigan, Detroit-based NextCAT has been awarded nearly $500,000 in a Phase II Small Business Innovation Research award from the National Science Foundation based on its commercialization of a class of biofuel catalysts developed at Wayne State University. The catalysts focus on waste-based feedstocks such as waste oils and animal fats. Total grant funding for […]
In South Dakota, POET received final approval for a $105 million loan guarantee issued through the U.S. Department of Energy’s Loan programs Office. The loan guarantee and financing allows POET to construct Project LIBERTY, a 25 million-gallon-per-year cellulosic ethanol plant in Emmetsburg, Iowa. POET started construction in 2010 with a 22-acre integrated stackyard to store […]
In Florida, Biofuels Digest announced the acquisition of UseCorn.com, an established website delivering news content related to the unlocking higher values in corn as a grains feedstock. The website will provide a feedstock-focused complement to the product focus of Biofuels Digest and Renewable Chemicals Digest, and will provide daily coverage of news from growers, refiners, […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.07 percent to 67.18 despite a recovery in key advanced biofuels stocks. For the day, Archer Daniels Midland (ADM) fell 0.87 percent to $25.19, while Codexis (CDXS) rebounded 4.10 percent to $4.57. Among other equities, Solazyme (SZYM) recovered 6.43 percent to $10.09. Overall, […]
Will the rise of designer fuels, chemicals and biomaterials put an end to commodity crops (as we’ve known them)? Will customers vie for value, differentiation, and performance? A new sorghum deal between Constellation Energy and Chromatin may point the way. Earlier this week in California, Constellation Energy and Chromatin announced a memorandum of understanding to […]
In Florida, Terrabon is on the verge of winning the 2011 Transformative Technologies tournament, with a commanding lead over Joule (80-20 expressed as a percentage) in final voting to date. Tournament voting ends at 5pm ET on Friday, September 23rd. Voting is open to all Biofuels Digest subscribers. Voting links are in the Biofuels Digest […]
In California, Fulcrum Bioenergy has filed an S-1 registration statement for a proposed $115 million initial public offering. The number of shares to be offered and the price range for the offering have not yet been determined. The company proposes to list under the symbol FLCM. UBS Investment Bank is the underwriter for the offering. […]
In Indiana, Imperial Petroleum announced it has entered into definitive agreements with accredited and institutional investors to raise an aggregate of $3.1 million before fees and expenses in a private placement of equity securities. Proceeds will be used to expand biodiesel production at Imperium’s Middletown facility from approximately 34 MGy to 40 to 45 MGy.
In Colorado, BioVantage Resources announced the availability of algae scale-up bioreactors to reduce time-to-commercialization, facilitating small-to-large volume production of phototrophic cultures. Products come in three form-factors: 8-30 liter bubble columns, 400-6000 liter tank-based bioreactors (or inoculation systems), and larger, made-to-order raceway ponds with integrated mixing. A variety of units can be combined to meet production […]
In Chile, Fraunhofer has launched the Fraunhofer Center for Systems Biotechnology. Systems biotechnology is an emerging field in life sciences that aims to develop an understanding of the complex and dynamic processes in cells, organisms and ecosystems analyzed at the systems level. This is achieved by creating computer models and mathematical simulations, which can then […]
