The Greater Houston Partnership, a public policy advocacy and non-profit group, has elected Will Thurmond of Emerging Markets Online to serve as Co-Chair of the Greater Houston Partnership’s Biofuels Task Force (BTF). Thurmond will spearhead the Biofuels Task Force’s outreach and economic development efforts to invite best-in-class biofuels organizations to the Energy Capital of The […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.09 percent to 86.73 as advanced biofuels gains offset Big Oil losses. For the day, Archer Daniels Midland (ADM) recovered 0.33 percent to $30.48, while Solazyme (SZYM) surged 4.60 percent to $23.90. Among other equities, Rentech (RTK) jumped 4.26 percent to $0.98. […]
Say goodbye to the VEETC tax credit and move on? Not so fast, cautions BIO’s Brent Erickson. Here’s why. By Brent Erickson Reports of the Volumetric Ethanol Excise Tax Credit’s (VEETC) early demise have been a bit overblown. Though several groups and reporters believed the die was cast and the potential revenue savings would be […]
In Florida, Biofuels Digest announced the return of two annual competitions, with the opening of registration for the 50 Hottest Companies in Bioenergy and Transformative Technologies 2011. The 50 Hottest Companies in Bioenergy 2011-12 The Hot 50 is the Digest’s oldest and most-popular ranking system, attracting tens of thousands of individual company ratings from subscribers […]
In California, Pacific Ethanol reported the highest quarterly revenues and gallons sold in the company’s history, recording its eighth consecutive quarter of growth in gallons sold, delivering a compound annual growth rate of 70 percent. For the three months ending June 30, Net sales were at an all-time high of $214.6 million for the second […]
In Mozambique, Grown Energy Zambeze announced a $320 million investment in sugarcane ethanol, with a 59,000 acre (24,000 hectare) project in the province of Sofala province. The project, which will commence operation in 2013, will produce 6,600 gallons of ethanol per day at project commencement, and will quadruple by 2016.
In Illinois, Winfield Solutions, a subsidiary of Land O’ Lakes and Chromatin announced a partnership to market and develop hybrid forage sorghum seed products that will be marketed and distributed through the Winfield Solutions network of customers in North America. In addition, the agreement calls for Chromatin and Sorghum Partners to provide Winfield Solutions with […]
In New Zealand, Crown Research Institute Scion has licensed a new wood plastic pellet technology with Sonae Industria. The licensing agreement gives Sonae an exclusive license to commercialize the technology in Europe. The technology enables production of wood plastic composites with long wood fibre reinforcement, which are easily fed into conventional extruders and injection moulders […]
In the Philippines, the National Biofuels Board approved letting local oil companies to import 236 million liters of ethanol to meet fuel blending requirements. This is based on an estimated Philippine ethanol demand of 265 million liters, with local supply expected to be only 29 million liters. While the Republic Biofuels Act called for an […]
In Nigeria, Global Biofuels has announced plans for ethanol plants across the West African region, with $91 million in sellers credit from COZA of Hong Kong and WEMET of China. The final project is expected to cost over $183 million, and produce 72 million liters of ethanol from 1.95 million tons of sorghum per year, […]
