In China, Gushan Environmental reports in its unaudited Q2 financial report that total revenues increased by 443.0% year-to-year and by 32.0% quarter-on-quarter to US$50.6 million, but that gross profit was only US$.9 million, compared to a US$5.2 million loss in the same quarter last year. In Gushan’s biodiesel business, revenue from its biodiesel business totaled […]
In India, R.P.N. Singh, Minister of State for Petroleum and Natural Gas informed India’s parliament that of the 1,050 million liters of ethanol required for reaching an E-5 blend, the government has only been able to procure 287.9 million liters as of July 31. As a result, the E-5 program is only being implemented in […]
In California, Amyris unveiled EvoShield, its new product line of industrial lubricants. EvoShield lubricants are a family of renewably-sourced solutions designed to satisfy the most advanced lubrication challenges without compromising quality or performance. EvoShield lubricants will be formulated from NovaSpecTM renewably-sourced synthetic base oils, derived from Amyris’s Biofene and produced by Novvi, Amyris’s joint venture […]
In Louisiana, Tulane University researchers have discovered a new bacterial strain that turns newspapers into butanol. The researchers are currently using old editions from “The Times-Picayune” as a feedstock for their bacterial strain named “TU-103” to produce the ethanol. Harshad Velenkar, a post doctoral researcher states, “In the United States alone, at least 323 million […]
In Washington, AviationWeek reports that the DOE will be asking the aerospace industry for suggestions on the $510 million President Obama announced for aviation biofuels last week. Reportedly, the RFP will not specify either fuels or feedstocks to be funded. As Ray Mabus, Secretary of the Navy, explains, “We are neutral on what the fuel […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 1.90 percent to 70.82 as advanced biofuels fell. For the day, Archer Daniels Midland (ADM) fell 2.74 percent to $27.65, while Gevo (GEVO) plunged 8.45 percent to $9.97. Among other equities, Verenium (VRNM) soared 9.76 percent to $3.15. Overall, declines led advances 9 […]
Like to better understand the markets, margins and opportunities in renewable chemicals, and Genomatica’s IPO? Find the prospect of wading through Genomatica’s 200-page filing, uh, unappealing? Try our 10-minute version. In California, Genomatica announced that it has filed an S-1 SEC registration statement for a proposed $100 million initial public offering of shares of its […]
Today is the 4th day for second-round voting in the Transformative Technologies 2011 tournament – at 5pm ET on Friday 16 contestants will advance to the third round. Here are the vote totals (expressed in percentages), so far: International Regional Amyris 68 vs DSM 32 LS9 58 vs SG Biofuels 42 Enerkem 56 vs Abengoa […]
In Washington state, Rob Carlson, in his Biodesic 2011 Bioeconomy Update, writes that “total 2010 revenues from genetically modified products exceeded $300 billion, or the equivalent of more than 2% of Gross Domestic Product (GDP).” Addressing biofuels, chemicals and materials, he added, “Extending prior revenue figures in the sub-sector, I estimate that 2010 U.S. revenues […]
In Wisconsin, General Electric has recently re-released its Waukesha 1 MW APG1000 gas engine that can run on a wider variety of biogases including landfills, wastewater treatment plants and agricultural waste after 18 months of redesign and testing. Natural gas versions of the engines can also be upgraded to include CHP technology. Modifications included a […]
