In Washington, the Defense Venture Catalyst Initiative (DeVenCI) will conduct a workshop April 25-26, 2011 in McLean, VA to help discover emerging technologies relevant to the United States Navy’s Deputy Assistant Secretary for Energy. The workshop will provide selected innovative companies who do not normally conduct business with the Department of Defense with an opportunity […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, shed 1.17 percent to 88.13 on broad market jitters over Libya. For the day, Archer Daniels Midland (ADM) fell 1.78 percent to $36.98, while Gevo rolled back 7.41 percent to $18.37. Among other equities, Valero (VLO) lost 4.25 percent to $28.17. Overall, declines led […]
In Florida, Biofuels Digest released a revised 1.0 (beta) version of its Biofuels Venture Valuation tool, for use and comment. Using the tool, biofuels venture developers can, by inputting a few keystrokes, calculate a value for the proposed venture, and return rate on invested capital, as well as compare the value of the venture to […]
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In Iowa, Hawkeye Renewables has closed the sale of its ethanol plants located in Iowa Falls and Fairbank, Iowa, to Flint Hills Resources Renewables, LLC in an all-cash transaction for an undisclosed amount. More on the story.
In Kansas, Scoular Company has bought the mothballed Gateway Ethanol plant in Pratt and a neighboring grain handling facility. The company hopes to have the 55 million gallon per year facility up and running well before the end of the year. On the Union Pacific Railroad, the facility is capable of loading 100-car shuttle trains […]
In Wisconsin, the USDA says says the total value of Wisconsin crops rose by more than $1 billion dollars last year to $4.8 billion, up from $3.5 billion in 2009. More than half of the value came from the state’s corn crop, which was valued at nearly $2.7 billion. The Wisconsin ethanol industry says it […]
In Malaysia, Bionas Group plans to raise $807.5 million this year in an initial public offering on London’s Alternative Investment Market of its subsidiary to tap into growing European demand for alternative fuels. The deal —which is being handled by Barclay’s Bank—is primarily to fund jatropha expansion in Africa. More on the story.
In Brazil, fierce competition among biodiesel producers during the National Petroleum Agency’s (ANP) latest biodiesel auction on February 16 pushed offers well below the maximum price. The average price per liter of biodiesel produced partly from oilseeds grown on family farms was $1.21 while any kind of biodiesel was slightly more expensive. Those prices are […]
In Thailand, Bangchak Petroleum will buy 21.28% of Ubon Bio Ethanol Co. for $24.6 million. Ubon Bio Ethanol is constructing an ethanol plant in Na Yia district, Ubon Ratchathani, to cash in on huge supply of cassava. The plant has the daily capacity of 400,000 litres and has an offtake agreement with a Chinese company. […]
