The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, continued a dismal week by dropping 1.09 percent to 90.51 as shareholders pummeled ethanol stocks. For the day, Archer Daniels Midland (ADM) fell 1.84 percent to $34.05, while The Andersons (ANDE) fell 4.00 percent to $25.75. Among other equities, Green Plains Renewable Energy (GPRE) […]
What would happen if there was truly a climate change Pottersville? A radius within which all the gas stations sold $7 ethanol-free fuel, and mayors handed actual checks to nefarious regimes promising jihad against democratic values. A study came along this past week from economists at Iowa State University and the University of Wisconsin, that […]
BioAmber Inc., a developer of bio-based succinic acid, has raised $45 million dollars in a Series B financing that will accelerate the commercialization of succinic acid and modified PBS (polybutylene succinate, a renewable, biodegradable polymer). The round was led by NAXOS Capital Partners and included Mitsui & Co, Sofinnova Partners, and the Cliffton Group. Proceeds […]
In Texas, KiOR has finalized a “conditional” offtake agreement for its biocrude-based gasoline with Catchlight Energy, the 50-50 joint venture between subsidiaries of Chevron and forest products major Weyerhaeuser, making it the second deal of its kind following an earlier deal with Hunt Refining.
In California, Extreme Biodiesel is experiencing a significant increase in demand for its biodiesel which is at an all-time high of $4.09/gallon. Extreme Biodiesel is a fully licensed and permitted biodiesel producer operating in Corona whose facility has been operating since Jan 2008, producing biodiesel fuel, manufacturing personal biodiesel processors and the recently added restaurant […]
In Denmark, Steen Riisgaard, CEO of Novozymes, writes that “America has only 3 percent of the world’s oil reserves, but produces more than 25 percent of the world’s agricultural residues,” and adds that “Advanced biofuels could directly create 400,000 jobs by 2030, and indirectly create 1.5 million more,” in an article published this week in […]
In Finland, Walki has developed a paper-based, waterproof cover that can be chipped and burned together with logging residue. The cover itself is a four-meter wide laminate, mainly produced from renewable fibrous materials. It shelters the top of a log pile, where logs are dried to improve energy content, but leaves the sides open, allowing […]
SustainableNet: Maple Plant to Produce Ethanol in Fourth Quarter in Peru as Costs Rise – Bloomberg Richard56: Population up, arable land down, farm productivity down, meat eating up, biofuels up. Result: global food insecurity. GLGEnergy: Open trade is mechanism for balancing biofuels supply and demand delllane: Aurora #Algae selected as a “Name You Need to […]
In the Ukraine, researchers at the Institute of Potato Growing of the National Academy of Sciences of Ukraine in the Kyiv region are studying the viability of fodder potatoes as an ethanol feedstock. Results are expected within the next two or three months at which point a decision will be made as to invest in […]
In Washington, Sen. Chuck Grassley, R-Ia has introduced legislation that would see the 45-cent ethanol tax credit cut to 20 cents in 2012 and 15 cents in 2013 but it could swing as high as 30 cents depending on the price of oil. With $80 oil the credit would fall to 6 cents and at […]
