In Colorado, Gevo filed an amended S-1 statement for its IPO, in which it said it intended to raise up to $123 million at $17.25 per share, down from an initial target of $150 million when the company initially filed last year. A number of news reports, stemming from an Earth2Tech report, have suggested that […]
In Washington, the USDA announced a voluntary product certification and labeling program for qualifying biobased products will be published in the Federal Register tomorrow. This new label will clearly identify biobased products made from renewable resources, and will promote the increased sale and use of these products in the commercial market and for consumers. The […]
In Florida, Florida Biodiesel has released its Cyclonic Mixer that is 100 times more efficient in blending feedstock for biodiesel production that leads to a 5% reduction in methanol use. More on the story.
In Thailand, Thai Oil is preparing a feasibility study looking at doubling the company’s ethanol production to 400,000 liters per day, a project that could cost $32.8 million. The company is been waiting for demand to reach two million liters per day from the 1.4 million liters now. The company is also going to spend […]
In South Africa, the country’s Competition Commission has suggested that surplus corn in the future be used for biofuel production. Despite the surplus, corn meal remains expensive in South Africa because fuel and energy remains expensive to process it. Thought he country had a four million ton surplus, the Commission wouldn’t allow farmers to pool […]
In Finland, UPM is looking at Rauma, Finland or Strasbourg, France as potential sites to produce 20,000 tons per year of second-generation biodiesel from logging residues, bark and stumps using gasification and “Fischer-Tropsch” processing, with eventual expansion to 200,000 tons. The project is dependent upon receiving EU subsidies. More on the story.
In California, researchers at Sandia National Laboratories and Montana State University are collaborating on a project to modify an endophytic fungus – that lives between plant cell walls – to produce fuel-type hydrocarbons for transportation purposes. Sandia is collaborating with Professor Gary Strobel from Montana State University, a known expert in Ascocoryne sarcoides and other […]
In Washington, Agriculture Secretary Tom Vilsack is scheduled to announce the funding of new biorefinery projects under the 2008 Farm Bill’s Biorefinery Assistance Program (Section 9003) today at 1:45pm. Additionally, he is expected to announce that USDA has provided funding to recipients in 33 states to support the production and usage of advanced biofuels. Additionally, […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, reversed 1.33 percent to 86.49, ending an eight-day winning streak. For the day, Archer Daniels Midland (ADM) gained 0.62 percent to $33.93, while Bluefire Renewables dropped 13.04 percent to $0.40. Among other equities, Monsanto (MON) fell 4.61 percent to $71.19. Overall, declines led advances […]
In Illinois, Chromatin announced the successful first demonstration that genes can be assembled, stacked, and expressed in sugarcane using the company’s mini-chromosome technology. Now, what exactly is a gene stack and why should I care? Most of what we eat or use in commodity crops – for biofuels and everything else – utilizes genetically modified […]
