In Washington, Agriculture Secretary Tom Vilsack today announced that USDA is seeking applications for loan guarantees under the Biorefinery Assistance Program, and payments to producers under the Repowering Assistance Program, and the Bioenergy Program for Advanced Biofuels. This funding round includes: $463 million in loan guarantees under the USDA’s Biorefinery Assistance Program; $25 million under […]
In California, OriginOil appointed Paul Reep as Senior Vice President of Technology, as well as to a seat on OriginOil’s Board of Directors. During his most recent assignment at the University of Southern California’s Stevens Institute for Innovation, Mr. Reep managed as many as 200 technology cases at one time. More on the story.
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.34 percent to 89.95 as ethanol stocks took a hit. For the day, Archer Daniels Midland (ADM) fell 0.80 percent to $35.80, while Valero (VLO) jumped 3.25 percent to $28.89. Among other equities, Verenium (VRNM) soared 7.26 percent to $3.25. Overall, advances led […]
In Washington, the National Corn Growers Association, Growth Energy, and the Renewable Fuels Association have huddled in the capital, reportedly seeking broad areas for co-operation and co-ordination of policy, with a focus on the VEETC ethanol tax credit, as the Congress comes closer to defining the budget and budget priorities for the upcoming fiscal year. […]
Industry execs predict 44 percent growth in biofuels revenue in 2011, 25 percent jobs increase; more seeking finance. In Florida, Biofuels Digest reports that 85 percent of bioenergy executives are more optimistic both about their organization’s prospects for growth and industry growth, than 12 months ago, and that confidence about industry growth prospects has jumped […]
In Florida, Freedom Environmental Services announced that it has acquired in an asset purchase the business and assets of David M. Hickman Septic Service Company, a rendering and grease recovery business. Michael Ciarlone, COO for Freedom Environmental stated the acquisition gave the company the location and partnerships needed to enter Pennsylvania and the surrounding four […]
In California, a new report by John Sheehan indicates that VG Energy’s proprietary technology has the potential to create algal biofuel at prices that are competitive with current prices for crude oil. The process reportedly results in increased lipid production in the algae cells as well as increasing the ability to recycle these cells. The […]
In North Carolina, Phytonix Corporation purchased the worldwide license to a class of bacteria modified to produce biobutanol and biopentanol as drop-in replacements for gasoline. The company said that its bacteria will act as tiny microrefineries in what Phytonix CEO Bruce Dannenberg described as a direct solar, carbon-based, liquid transportation fuel, that utilizes carbon dioxide, […]
In South Africa, maize farmers are lobbying the government to list maize as an allowable feedstock for ethanol. Last December, Lulu Xingwana, Minister for Agriculture, stated that if farmers could prove surplus stocks of maize would be produced, she would change the Cabinet policy. Inter Press Service reports that Lourie Bosnan, Agri SA president stated […]
In Malaysia, a Reuters poll of 13 market participants shows that average palm oil prices are expected to be around $1,088 per metric ton, nearly a third higher than last year, but still below Monday’s high of $1,220. More on the story.
