The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.72 percent to 93.21 as small caps surged. For the day, Archer Daniels Midland (ADM) gained 0.67 percent to $36.05, while OriginOil (OOIL.OB) advanced 6.25 percent to $0.17. Among other equities, Verenium (VRNM) jumped 4.93 percent to $2.98. Overall, advances led declines 2 […]
In Washington, Rentech announced that it has given notice of exercise of its option to acquire a substantial majority of the equity of ClearFuels Technology, with existing ClearFuels investors retaining a minority interest. The transaction will be accomplished through the merger of a subsidiary of Rentech into ClearFuels, with ClearFuels continuing as the surviving company […]
Biofuels Technology Roadmap released; 3 billion tonnes of biomass needed per year; 27% market share in fuel transport by 2050 In Washington, the International Energy Agency (IEA) said that it expects biofuels to generate $11-$13 trillion in production between 2010 and 2050, and the global share of biofuel in total transport fuel to grow from […]
At the Advanced Biofuels Leadership Conference, Propel Fuels CEO Matt Horton said that “we have to stop thinking like a renewable additive industry, and start thinking like fuel companies”. He noted that the vast majority of renewable fuels are blended with gasoline, offering no control or choice to the customer, and that the education received […]
At the Advanced Biofuels Leadership Conference, Ceres CEO Richard Hamilton said that “feedstock is the #1 cost in bioenergy, and to drive results, we need to drive yield.” Hamilton told the 450 conference delegates that companies must look to low-rent land for opportunities to produce sustainable biofuels, noting that, for example, salt-intruded fields in represented […]
In Washington, the Energy Information Agency is reporting that ethanol production is continuing to fall with only 856,000 bpd for the week ending April 15—the lowest in seven months. That’s 42,000 bpd less than the week before and the fourth week in a row with declining production. More on the story.
In Maryland, Catonsville-based Fiberight has filed papers with the SEC to launch a $15 million IPO. Fiberight is working on scaling its waste-to-ethanol technology at a plant in Iowa and also has plans to develop a plant in Elkridge. In March the company reported receiving financing from a strategic investor as part of a hoped-for […]
In New York, Rodman & Renshaw, LLC acted as joint book-running manager to its client Mission NewEnergy Limited. Mission NewEnergy Limited announced today the pricing of its U.S. initial public offering of 2,785,000 ordinary shares at a public offering price of US$9.00 per share. The shares began trading Wednesday on the NASDAQ Global Market under […]
In Switzerland, the Air Transport Action Group is fighting back against an article in the Ecologist that claimed Germany, Lufthansa and the global airlines industry as a whole are supporting ‘bad’ biofuels by working to make jatropha a major feedstock for bio-based jetfuels. The ATAG says that by working with the Roundtable on Sustainable Biofuels […]
In the UK, Ensus has temporarily closed its ethanol plant in Wilton to install $9.8 million worth of new equipment required by the UK’s Environmental Agency that would tackle the bad odor neighbors have complained of since March 2010. The company has until May 31 to make sure the new oxidizers are working or the […]
