The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slumped another 1.15 percent to 87.83 as global equity sentiments waned in the wake of the Japanese nuclear crisis. For the day, Archer Daniels Midland (ADM) fell 2.99 percent to $34.44, while Cosan (CZZ) dropped 4.82 percent to $12.23. Among other equities, Gevo (GEVO) […]
Cobalt CEO Rick Wilson challenges himself, policymakers, and the industry, to focus on the importance of cost advantage in establishing and financing an integrated biorefinery industry. “Why make a $2 fuel when you can make a $5 chemical?” asks Cobalt CEO Rick Wilson, whose company was branded in the public eye as Cobalt Biofuels for […]
In New York, Piper Jaffray, UBS and Citi, in a wrapup report on the Gevo IPO, said that “after trading up nearly 10 percent on the first day of trading, the underwriters exercised their overallotment option bringing the total capital raised to $123.3 million.” In total, the company sold 8.223 million shares at a $15 price per […]
In Oregon, the report Clean Energy Trends 2011 from Clean Edge, Inc. says combined global revenue for biofuels reached $56.4 billion in 2010 and is projected to grow to $112.8 billion by 2020. In 2010, the biofuels market consisted of more than 27.2 billion gallons of ethanol and biodiesel production worldwide. Combined global revenue for […]
In Indiana, POET opened its twenty-seventh ethanol plant and fourth in Indiana, POET Biorefining – Cloverdale. POET purchased the 90 million-gallon-per-year ethanol plant, which begins production next week, from Altra Biofuels in June 2010. Since then, the company has been busy installing about $30 million in upgrades, including BPX, POET’s patented fermentation process that uses […]
In Spain, Cardiles Oil plans to invest $19.5 million to produce 12 million liters of biofuel annually from 40,000 metric tons per year of olive cake at a facility in Cordoba using a Japanese process. The project expects to save 26,100 tons per year of CO2. The company plans to use the experience from this […]
In India, five of the eight members of the experts committee assigned with devising the country’s ethanol blending policy have refused to sign off on the report that was sent to the petroleum ministry. The sugar industry doesn’t believe the committee should take availability into account when determining prices, but it seems the committee thinks […]
Petro_Bulletin: Tulsa-based Biofuels Firm Syntroleum Corp. Reports $9.5 Million Loss SustainableNet: Proposed $250M Shelton biomass plant canceled. ondrock: Latest Analysis: Studies Find That Biofuels’ Greenhouse Emissions Higher Than Petroleum AltEnergyIntel: Combined global revenue for #solar PV, #wind #power, #biofuels in 2010 grows 35.2% year-over-year to $188.1B aymanabdelhamid: New generation biofuels are more farm-friendly – Grand […]
In the UK, Rothamsted Research says if the UK is serious about attracting more people into growing beet for food, energy, and bio-products, more investment in breeding and scientific techniques is needed to enhance yields and create these new markets. Average beet yields in the UK are 60-70t/ha and Broom’s Barn’s highest yield was 139t/ha […]
In Florida, farmer representatives from 26 states at the annual National Corn Growers Association conference said they agreed with reforming ethanol subsidy programs including a variable ethanol tax credit followed or an ethanol tax credit at a reduced rate. Non-tax policies should include biofuels infrastructure, higher blends, including corn starch ethanol as an advanced biofuel, or […]
