In Thailand, PTT Aromatics and Refining has frozen its $150 million biojet investment project because it fears that high production costs would deter any interested buyers, costing airlines like THAI more to buy the fuel than to buy carbon credits. With biojet availability in Thailand, flights to Europe would have to originate from Singapore where […]
In Tanzania, South Africa’s Illovo Sugar is making an about turn on its heretofore potable ethanol-only policy and may begin fuel ethanol production in Zambia, Malawi and/or Mali. The company announced it will begin producing 12 million liters per year of potable ethanol from molasses by 2013 at its Kilombera facility with work set to […]
In Canada, Lignol Energy Corp. has agreed to return funding granted by the US’s DOE for a would-be demonstration cellulosic ethanol plant potentially sited in Colorado. In January 2008 the company’s US subsidiary was granted up to $30 million for one-tenth scale facility but when the economy became infeasible to continue with the project, the […]
In New York, researchers at the Cold Spring Harbor Laboratory have been awarded funding to create out of many separate streams of biological information a single, integrated cyber-“knowledgebase” that will focus on a specific assortment of plants and microbes that the DOE hopes to exploit to produce biofuels, to sequester carbon in the ecosystem, and […]
In Belgium, the European Commission has given the green light to seven voluntary certification programs that would ensure that biofuels certified under those schemes would qualify for EU biofuel targets under the Renewable Energy Directive. The seven programs include Bonsucro, Roundtable on Sustainable Biofuels, Roundtable on Sustainable Soy, ISCC, Abengoa’s RED Bioenergy Sustainability Assurance and […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 1.25 percent to 88.40 as renewables broadly rebounded. For the day, Archer Daniels Midland (ADM) sprung back 3.14 percent to $30.56, while Aventine Renewables soared 17.38 percent to $11.75. Among other equities, The Andersons (ANDE) jumped 4.93 percent to $42.55. Overall, advances led […]
REG becomes the 9th industrial biotech player to file an IPO in the 2010-11 greentech bull market. Will it fly? Should it? The risks, the rewards, the rationale. In Iowa, Renewable Energy Group filed for a $100 million IPO, becoming the 9th elite integrated biorefining company to file an S-1 in the past 18 months. […]
In California, Scientific Certification Systems (SCS) is now an accredited certification body for the Bonsucro standard for sustainable sugarcane. SCS can now offer Bonsucro certification to sugarcane growers and processors wishing to assure buyers that their products meet rigorous environmental and social standards. Demand for sustainable sugarcane has been driven by large corporate supporters including […]
In Missouri, Abengoa Bioenergy won a $48.4 million settlement against Chicago Title Insurance Co. whose 2006 error caused it to bypass building a plant outside Wichita, Kansas, and build one in Illinois instead. The Company alleged in the suit filed in 2008 that Chicago Title Insurance Co. needed to notify property owners near the proposed […]
In England, companiesandmarkets.com announced a new report forecasting that the global soy chemicals market will reach over $13 billion by the year 2017, spurred by the anticipated high demand from bio-diesels market and growing adoption of alternative renewable sources of energy. In particular, the soy-derived chemicals such as soy-based foamed plastics, polyols, methyl soyate, fatty […]
