In Iowa, Renewable Energy Group entered into an Asset Purchase Agreement with SoyMor Biodiesel, LLC, under which the Company will issue 1,850,000 newly issued shares of its common stock and assume certain liabilities in exchange for the transfer of substantially all the assets of SoyMor Biodiesel. The primary asset is the 30 million gallon per year nameplate capacity biodiesel […]
In Illinois, ethanol producers are considering using wheat instead of corn as feedstock now that corn futures have become more expensive than wheat futures. However, most facilities would require capital upgrades in order to become multi-feedstock which may not viable in long run. Additionally, the loss of DDGS as a byproduct makes the idea less […]
In Zimbabwe, the country’s national bank has pulled out of the Transload Ltd. biodiesel plant, which is a 50/50 joint venture between the country and Yuon Woo Investments of South Korea. The plant, which has been producing off and on for the past five years, needed at least a $650,000 capital injection last year. The […]
In India, the Assam state government has held 26 training sessions for farmers trying to encourage them to grow jatropha on unused land for biodiesel production. The state’s department of agriculture is undertaking its own production project with 137.4ha to use as a demonstration project to help support local uptake of the crop.
In the Philippines, San Carlos BioEnergy says it will restart its ethanol plant in October at 60% capacity after having been mothballed for a year. The price of molasses has fallen by nearly half, again making ethanol production economically viable. Expensive feedstock led to the shut down last October.
In China, Celenese Corp. expects to begin industrial ethanol production six to 12 months earlier than expected. In addition to its one or two greenfield plants it is planning, it now will modify and enhance its existing integrated acetyl facility at the Nanjing Chemical Industrial Park with its TCX advanced technology. The modifications would add […]
In Minnesota, overall ethanol industry profitability gained by $0.08 per gallon in 2010, according to an annual benchmarking study released by Christianson & Associates. The study’s authors found that ethanol yields remained at an average of 2.725 gallons per bushel, and that plants reduced long term debt by an average of $0.20 per gallons. Total […]
In Washington, the Des Moines register is reporting on changes in tactics by the USDA and the ethanol industry, in response to the US Senate passing an amendment that would halt the ethanol tax credit as of July 1. Senator Chuck Grassley of Iowa said that ethanol supporters are looking for a piece of legislation […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.22 percent to 86.21, despite an ethanol recovery. For the day, Archer Daniels Midland (ADM) gained 2.20 percent to $30.17, while Gevo dropped 2.04 percent to $15.86. Among other equities, Pacific Ethanol (PEIX) soared 18.11 percent to $1.50. Declines led advances 5 to […]
Here follows the roll call, on voting on the Feinstein Amendment to repeal the Volumetric Ethanol Excise Tax Credit (VEETC). Alabama Yea AL Sessions, Jefferson [R] Yea AL Shelby, Richard [R] Alaska Yea AK Begich, Mark [D] Yea AK Murkowski, Lisa [R] Arizona Yea AZ Kyl, Jon [R] Yea AZ McCain, John [R] Arkansas Yea […]
