The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, soared 1.50 percent to a 32-month high of 89.98 on a broad equities advance. For the day, Archer Daniels Midland (ADM) gained 1.41 percent to $37.29, while Valero (VLO) zoomed 7.73 percent to$28.98. Among other equities, Amyris (AMRS) rocketed 4.82 percent to $31.76. Overall, […]
A unified biofuels policy? The hour is nigh. As Benjamin Franklin was reputed to say at the signing of the Declaration of Independence, “We must, indeed, all hang together, or assuredly we shall all hang separately.” In Washington, Brent Erickson, executive vice president of the Biotechnology Industry Organization’s (BIO) Industrial & Environmental Section released the […]
In Florida, Biofuels Digest and the Biotechnology Industry Organization (BIO) invite the industry to take part in the Spring 2010 Bioenergy Business Outlook survey, available here. Respondents to the 21 question survey will receive a detailed summary of the survey’s findings and commentary on trends from the Biofuels Digest editorial team. The survey examines growth […]
In Wisconsin, rising gas prices are pushing people towards looking at flex-fuel vehicles. According to a report at WSAW.com, the price difference between E85 and standard E10, already 40 cents per gallon at the pump, is expected to keep increasing. Local car dealers are reporting sharp increase in interest in flex-fuel and hybrid vehicles. More […]
In Washington, the Energy Information Agency says 2010 ethanol production hit a record of nearly 13.23 billion gallons, up from 10.75 billion gallons in 2009. Daily ethanol production in 2010 averaged nearly 863,000 barrels per day. Imports for 2010 stood at slightly more than 9.7 million gallons, down significantly from 193 million gallons in 2009. […]
In the UK, D1 Oils says that it has sold all of its available 500 metric tons of Crude Jatropha Oil at an average selling price of $975—which is below what it anticipated but it now has a backlog of orders for over $1,000 per ton. Poor weather in India hit much of its crop […]
In Brazil, the 808-mile ethanol pipeline expected to come online in 2012 is expected to lower ethanol transport costs by up to 20%. The cost savings could rise to as much as 50% in the next 10 years. More on the story.
In Brazil, Cosan says it expects its JV with Shell—called Raizen—to create synergies of up to $2 billion. Raizen will boost sugarcane-crushing capacity to 100 million metric tons a year from current output of 60 million tons. Ethanol production is expected to more than double over the next five years to five billion liters a […]
SustainableNet: UTP Opens Centre of Biofuel and Biochemical Research – Bernama fdecausans: Biofuels only major way to decarbonizes road fuel: BP: Biofuels represent the only way to significantly reduce geekwithsoul: Switching biofuels could do a double-whammy on climate change accellerase: Scientific panel to review EPA’s triennial biofuels draft report notaguineapig: With oil prices climbing, will […]
In Washington, the Government Accountability Office lists the 45-cent-per-gallon tax credit among wasteful programs that could be slashed or eliminated to help address the nation’s fiscal problems. The tax credit, due to expire at the end of the year, will cost the government $5.4 billion this year, and the lost revenue will grow to $6.75 […]
