In California, Pacific Ethanol has amended its senior notes yet again, reducing the amortization amount due under the notes, and extending the maturity date by three months from February 2012 to May 2012. Also, Pacific Ethanol has elected to pay its September installment in cash. Neil Koehler, Pacific’s president and CEO, stated, “The amendment reduces […]
In California, Rentech Nitrogen Partners filed a registration statement with the US. Securities and Exchange Commission in connection with a proposed initial public offering of its common units representing limited partner interests. An application will be made to list the common units on the New York Stock Exchange under the symbol “RNF.” Rentech Nitrogen […]
In New York, large mergers and acquisitions in the global chemicals industry helped drive the total value of deals to over $14 billion in the second quarter of 2011, according to PwC US. The quarter recorded four mega deals, or deals worth $1 billion or more, for a combined total value of $10.6 billion – […]
In Canada, BIOX reports third quarter results sales were $24.49 million compared to $6.58 in Q3 2010, with operating losses of only $431,000 compared to $5.6 million in EQ 2010. Sales for all three quarters was $74.3 million, as opposed to $33 million for the first three quarters of 2010. Kevin Norton, Acting Chief Executive […]
In Jamaica, Jamaica Ethanol Processing shut down its plant this week, cutting 31 jobs due to three years of rising input costs that pushed the company out of the market. The company had operated for 26 years. The facility produced 50 million gallons of ethanol annually, primarily dehydrating Brazilian hydrous ethanol for the US market.
In the Philippines, the country’s E10 policy officially comes into effect on August 6. The blend was supposed to come in at the beginning of the year, up from the E5 policy that has been in place since 2009, but domestic production only reached less than 80 million liters of the 220 million liters required […]
In Washington, the U.S. Department of Energy announced the next step of its comprehensive website reform, making Energy.gov a cutting-edge, interactive information platform and saving taxpayers more than $10 million annually. Through a complete overhaul of its front-end and back-end design, Energy.gov modernizes how consumers and businesses access the information and resources they need to […]
In Washington, Agriculture Secretary Tom Vilsack announced the designation of 14 additional biobased product categories which are eligible for federal procurement preference, adding 2,500 biobased products. The new categories include animal repellent, bath products, bioremediation materials, compost activators and accelerators, concrete and asphalt cleaners, cuts, burns and abrasions ointments, dishwashing products, erosion control materials, floor […]
In the Netherlands, Dr. Jeffrey J. Kolstad has joined Avantium as Chief Scientist. Previously Chief Scientist at NatureWorks (formerly Cargill-Dow) he was one of the founding team members for developing and commercializing PLA (polylactic-acid), a biobased polymer. In Washington, the National Biodiesel Board appointed Anne Steckel, currently chief of staff to U.S. Rep. Mike Thompson […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.76 percent to 76.55 as advanced biofuels tumbled again. For the day, Archer Daniels Midland (ADM) recovered 2.10 percent to $28.64, while Solazyme (SZYM) fell 9.92 percent to $17.61 after reporting quarterly earnings. Among other equities, The Andersons (ANDE) soared 7.96 percent to […]
