In Washington, Navy Secretary Ray Mabus told Platts Energy Week that every dollar increase in the price of oil costs the military $31 million. “We use a lot of fuel and we can help get some of these smaller companies and some of these new technologies over the hurdle from being just a good idea […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 0.66 percent to 89.33 on a broad advance in renewables. For the day, Archer Daniels Midland (ADM) dropped 1.14 percent to $30.44, while Gevo (GEVO) soared 8.00 percent to $17.95. Among other equities, Syntroleum (SYNM) gained 2.90 percent to $1.42. Overall, advances led […]
Biofuels’ Hot 50 CEOs, and the advanced biofuels leadership, head for the annual fall conclave in San Francisco, with “The Race for Scale” as their theme In California, Biofuels Digest and Greenpower Conferences are announcing the preliminary line-up of committed speakers for the 2011 Advanced Biofuels Markets Congress in San Francisco, November 8-10, 2011, which […]
In Colorado, Sundrop Biofuels has received $175 million in investment, $155 million of which has come from Chesapeake Energy accounting for a 50% stake in the company. It is one of the first investments to come from Chesapeake’s new $1 billion investment facility it will undertake with its new company Chesapeake NG Ventures Corp during […]
Genomatica strengthened its grip on first place in the 30 Hottest Companies in Renewable Chemicals & Biomaterials rankings, as voting entered the final, furious week of balloting. Amyris returned to 2nd place after dropping to 4th last week, while Solazyme maintained itself in 3rd place, less than two tenths of 1 percent behind Amyris. Gevo […]
In Washington, the USDA says corn stocks will stay at 15 year lows for longer than expected with ethanol and Chinese imports as the main users of the anticipated supply. The most recent usage estimates were 3% higher than expected by traders, offsetting some of the expected increase in supply. Ethanol will become the largest […]
In Nebraska, NatureWorks reported a major capital investment project at its Blair manufacturing facility for the production of new grades of high-performance Ingeo biopolymers as well as a new generation of lactide intermediates. Samples of the new polymers and lactide intermediates will be available next year with commercial sales commencing by 2013. NatureWorks states their […]
In Japan, heavy machinery manufacturer IHI Corp. is teaming with Kobe University to develop an algae-based biodiesel R&D company by August. Called NeoG Algae, IHI will invest $5 million over two years and hopes to supply test samples of algae-based jet fuel within three years with a price target of just $1.25 per liter.
In Germany, Choren Industries who is building the country’s first cellulosic biofuels plant has declared insolvency due to financial difficulties with the start up of the company’s test plant. The wood-based facility is expected to produce 15,000 metric tons of biofuels per year but construction operations will continue despite the declaration as negotiations will soon […]
In Germany, Süd-Chemie has begun construction on its cellulosic ethanol project in Straubing where it expects to produce 1,000 metric tons of ethanol annually from 4,000 tons of wheat beginning by year’s end. The project will cost €28 million, and is subsidized by the Bavarian State Government and Germany’s Federal Ministry of Education and Research […]
