In Washington, Friends of the Earth has released a new TV ad called “No Sense” in conjunction with Taxpayers for Common Sense asking Republican presidential candidates to not support continuing subsidies for corn ethanol ahead of a planned Republican presidential debate in New Hampshire. The ad can be viewed here.
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 0.34 percent to 87.66 despite a tough day for ethanol. For the day, Archer Daniels Midland (ADM) edged up 0.88 percent to $29.80, while Aventine (AVRW) fell 7.14 percent to $13.00. Among other equities, Verenium (VRNM) fell 6.21 percent to $1.51. Declines led […]
LS9, Virent, Genomatica, HCL CleanTech among the winners, as DOE fosters replacement of “entire barrel of oil” in latest funding round In Washington, US Secretary of Energy Steven Chu announced up to $36 million to fund six small-scale projects that will advance the technology improvements and process integration needed to produce drop-in advanced biofuels and […]
In Texas, KiOR said that it now expects to raise $190-$241 million in its IPO. The company indicated in an amplified registration statement with the SEC that it expects to sell up to 11.5 million shares (including over-allotments, if sold) between $19 and $21 per share. The IPO originally aimed to raise $100 million, but […]
In Pennsylvania, the Sprint Cup Series competed yesterday using Sunoco Green E15 racing fuel. As promised in October when NASCAR announced that it would use ethanol in all three of its national series in 2011, this blend represents part of NASCAR’s initiative to “go green,” which began about two and a half years ago. Tom […]
In Washington, after several months of increasingly smaller ethanol production volumes, US producers have again begun to pick up the pace producing 915,000 barrels during the week ending June 3, the highest volume since late January. At the same time, the Energy Information Agency is also reporting that stocks have fallen by more than half […]
In China, the China National Petroleum Corporation will invest a whopping 10 billion Yuan (1.5 billion USD) in new energy development by 2020. The investment will go towards programs in ethanol fuel, biodiesel, geothermal resources, hydraulic oil, oil gas, and coal bed gas. CNPC is the largest integrated oil and gas company in China, but […]
In Mozambique, the government has recently approved a regulation that requires a mixture of ten percent ethanol with 90 percent gasoline and 3 percent biodiesel with 97 percent diesel as of 2012. As a result of this initiative, the government expects to save around $22m USD on its fossil fuel import bill. Moreover, the government […]
In Singapore, IATA’s Director for Aviation Environment Paul Steele communicated that it is unrealistic for the industry to switch to biofuels now because of the high price and lack of supply, despite his indication that the industry would like to fly 100 percent jet biofuels as soon as possible. IATA strives to replace 6 percent […]
In Minnesota, Danone has switched to Ingeo – a plastic from plants, not oil – for its Activia yogurt in Germany. The new yogurt pack is the result of a close cooperation between Danone and Ingeo producer NatureWorks. The switch to the technologically innovative material will improve the product’s packaging carbon footprint by 25 percent […]
