In Washington, Rep. Jay Inslee, D-Wash. tabled a bill that would authorize the Dept. of Defense to sign 15-year contracts for advanced biofuel supply, up from the current five-year limit. The proposal has been referred to the Committee on Oversight and Government Reform and the Committee on Armed Services.
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, rebounded 1.08 percent to 88.31 despite an advanced biofuels retreat. For the day, Archer Daniels Midland (ADM) slipped 0.16 percent to $31.76, while Aventine Renewables (AVRW) regained 6.00 percent to $15.90. Among other equities, Rentech (RTK) was up 12.22 percent to $1.01 after closing […]
Wes Bolsen of Coskata was recently named Chief Marketing Officer of the Year by Chief Marketing Officer Institute. Wes received the award for small to mid-size companies with revenue less than $250 million. “I am truly humbled by this recognition, Bolsen said. ” At the same time, I must recognize the entire Coskata team for […]
It is sunset time for the DOE Section 1705 Loan Guarantee program. What are the alternatives? In Washington, numerous projects received DOE letters this week that their 1705 applications had been put on hold, and many others have now been rejected. Last week, DOE loan guarantee czar Jonathan Silver wrote on the DOE’s blog: “We […]
In California, we update you today on the latest from Solazyme’s proposed IPO. The company filed updates to its S-1 registration statement this past week, which can be found here. Proceeds. Solazyme said “We anticipate that the initial public offering price of our common stock will be between $15.00 and $17.00 per share,” and expects […]
In Washington, biodiesel exports are rebounding after falling significantly during the past year. March exports reached 28,747 metric tons, far below the 55,608 tons exported in March 2010 but up significantly from February 2011’s 12,895 tons.
Somewhere in the US, UK-based Tate & Lyle is suing UK-based Whitefox for what it claims is misrepresentation and breach of contract regarding the special membranes that were installed at the Loudon, Tennessee and Fort Dodge, Iowa ethanol facilities. Evidently the dispute has been going on since 2009 but it is only reaching headlines now […]
In Brazil, a Green Party member and a Social Democratic member of the country’s lower house have called for a public hearing on the president’s move to lower the ethanol blend to 18%. They argue that lowering the ethanol blend will remove incentives for the industry to invest in more cane production in the longer […]
In Brazil, Iveco is testing its new 40% ethanol, 60% diesel bus engines to see how well they can run in industrial applications. The engines, which have to separate tanks for each fuel that is electronically blended at the right level before it is injected into the engine, are already showing a 6% fuel savings […]
In South Korea, a research institute in Goheung County is expanding its 15 hectare seaweed for ethanol production off the coast of the Philippines to 100 hectares after initial tests have shown that the project will be successful on a larger scale. About $13.8 million is expected to be invested in the project over the […]
