In Estonia, the sales price for bankrupt AS Biodiesel Paldiski is set for an upcoming auction at $9 million, down significantly from the first attempt to sell the facility in September at $31 million. The facility is saddled with $26 million in loans and mortgages. More on the story.
edangara: Public-private funding needed in green projects – solar power, biofuels, EV’s and energy efficiency. Petro_Bulletin: Poet Fuels Caravan Promoting Biofuels ArgusBiofuels: Mission ships second commercial jatropha oil cargo #biofuels PRO_Legal: 2010 Clean Energy Investment Hits a New Record: Although certain sectors like wind and biofuels had a rough year… KINGSMAN_BIO: If 70% of current […]
In China, after setting limitations on the use of cereals in ethanol production, China is aggressively developing a strategy for using cassava as a non-grain feedstock for ethanol production, according to a report from Commodore Research. While Chinese cassava production has risen to roughly 12 million tons per year, China continues to import large quantities […]
In North Carolina, Retired U.S. Coast Guard veteran Captain Terry Carter has joined the Biofuels Center of North Carolina staff as director of eastern and military partnerships. He will lead a significant large project, Eastern Gain: Biofuels Enrich Our Communities, Economy, and Security. The project will create the biomass and production infrastructure to gain 50 […]
In Michigan, researchers have determined that threatened bird species would be better served by developing native perennials as energy feedstocks rather than corn. Almost twice as many species made their homes in grasses than in corn, while plots of switchgrass fell between the two in their ability to sustain biodiversity. More on the story.
In Brussels, the European ethanol association ePure is investigating possible dumping of US ethanol on the European market via cheap E90 exports. The blended ethanol is subject to 6.5% import duty rather than the significantly higher import duties against pure ethanol, equaling a roughly $210 savings per cubic meter. More on the story. Meanwhile, In […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.70 percent to a 29-month high of 84.94 as ethanol and algae advanced. For the day, Archer Daniels Midland (ADM) advanced 0.37 percent to $32.21. while BlueFire Renewables (BFRE.OB) retreated 8.89 percent to $0.41 as investors waited out news on a pending USDA […]
In Delaware, DuPont has agreed to buy Danisco for $6.3 billion, a 25% premium over its current share price — $5.8 billion in cash and the assumption of $500 million of Danisco debt. DuPont, which already has the Dupont Danisco Cellulosic Ethanol JV with Danisco in biofuels, is seeking to expand its presence in the […]
In New Jersey, Renewable BioSystems announced their first North American sale of one of its line of oil extraction machines, for installation during the first quarter of 2011. The unnamed RBL customer for this machine supplies oil feedstocks to biodiesel plants. RBL technology separates the oil from organic waste streams such as food factory waste, […]
In Delaware, the mothballed soybean oil-based biodiesel plant in Clayton is for sale again, after having once been sold in 2008. The facility will require another $700,000 in investment to upgrade it for using other feedstocks, but at least standard production now seems feasible thanks to the re-instatement of biodiesel tax credits. More on the […]
