In Italy, 2010 biodiesel production — which relies predominantly on import palm oil and canola for feedstocks—fell in the face of competition from cheap imports, a trend that is expected to continue in 2011. In 2010, biodiesel production was at 410,000 tons through September compared to 795,118 tons during all of 2009. Imports jumped by […]
In the EU, a new independent study published by the Öko-Institut has revealed that by 2050 the EU could source 80% of its transport fuel needs from biofuels. The comprehensive study titled “The Vision Scenario for the European Union”, commissioned on behalf of The Greens / European Free Alliance group in the European Parliament, concludes […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, soared 2.81 percent to a 30-month high of 88.53 on a broad renewables advance. For the day, Archer Daniels Midland (ADM) soared 6.21 percent to $34.70 on a 30 percent increase in Q2 earnings to $732 million, while BP advanced 1.07 percent to 47.98. […]
In New York, the Wall Street Journal launched a bitter counterattack this week on former House Speaker Newt Gingrich, after Gingrich remarked, at a meeting of the Iowa Renewable Fuels Association that “Obviously big urban newspapers want to kill [ethanol policies] because it’s working, and you wonder, ‘What are their values?’” and described the Journal’s […]
In Hawaii, Hawaiian Electric’s test using 100% crude palm oil and an inedible byproduct of palm oil refining in its 90MW steam turbine generator was successful. The utility says the test was the first time a utility-scale steam unit had burned 100 percent biofuel at 100 percent of its generating capacity. More on the story.
In Iowa, farmers are now allowed to deliver bales of biomass to POET’s storage site in Emmetsburg that will supply the company’s future cellulosic ethanol plant. When operational, the facility will accept 300,000 tons of biomass but for now, area farmers harvested 56,000 tons of corn cobs, leaves, husks and some stalk this fall. Farmers […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 0.84 percent to 86.11 as oil stocks rose on the Egyptian troubles. For the day, Archer Daniels Midland (ADM) slipped 0.27 percent to $32.67, while BP advanced 2.72 percent to 47.47. Among other equities, Codexis (CDXS) fell 1,53 percent to $9.03. Overall, advances […]
In Florida, FL Biofuels is set to invest $8 million to re-develop part of the State Farmers Market in Fort Meyers that was destroyed during successive hurricanes into a biofuel refinery. Federal funds have already gone to demolish parts of the damaged areas of the market and the state is kicking in another $200,000 to […]
In Canada, Diversified Metal Engineering will build a pilot-scale ethanol plant in Edmundston at the New Brunswick Community College campus where seaweed, sugar beets and wood fiber will be used as feedstocks. The facility, which is receiving federal and provincial financial support, will be only the second ethanol plant built in Atlantic Canada. More on […]
In Finland, Finnair has decided to postpone the introduction of Neste Oil’s renewable jet fuel into its commercial flights due to cost and sustainability issues. The airline says it would prefer to use biofuels made from local sources rather than “hauling raw material from the other side of the world.” Neste is developing a facility […]
