In Washington, the journal Science, has published an article by US and Swiss researchers concerning the construction of a reactor that uses cerium heated by sunlight to produce fuel. The device uses a parabolic mirror to concentrate sunlight on cerium oxide, held in a chamber where it breaks down carbon dioxide and water into carbon […]
In South Korea, Reuters reports that the Government announced on 12/29 that the current voluntary blending of B2 biodiesel would become mandatory as of 2012. A statement released by the Ministry of Knowledge Economy noted, “We are introducing a required bio-diesel mix rate system from 2012, as tax benefits on bio-diesel will expire by the […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.38 percent to 80.54 as the broad equities markets also skidded. For the day, The Andersons (ANDE) retreated 2.42 percent to $36.32, while Monsanto (MON) gained 1.16 percent to $69.72. Among other equities, Cosan (CZZ) dropped 0.72 percent to $13.72. Overall, declines led […]
Today, we’ll reach into the mailbag and voicemail box and shed some light on topics both important and bizarre, in our occasional “Biofuels Fact or Fiction” series. Q. Will the USDA really issue new loan guarantees to biofuels projects before year end? A: Likely – we hear positive rumblings on the jungle drums. There are […]
In California, NASDAQ has granted Pacific Ethanol a 180-day reprieve to get its financial house in order before the stock exchange de-lists the company. The value of the company’s stock dipped below $1 per share for several months, breaching NASDAQ’s trading rules. Currently trading around 73 cents, the stock much breach $1 per share for […]
In Georgia, First United Ethanol reported that 2010 saw significant improvement to its financial health, bringing in much more income and securing far fewer losses than the year before. The company lost $2.2 million in fiscal 2010, down 92 percent from a loss of $28.5 million in fiscal 2009, with ethanol sales up 12% on […]
In Iowa, Nature BioReserve’s planned 60 million gallon beef tallow-to-biodiesel facility in South Sioux City has been approved for $25 million revenue bonds by the city council. Construction is expected to start in the late summer. More on the story.
In China, the Ministry of Commerce and Trade says it has opened investigations into possible dumping of DDGS from US ethanol producers. Chinese imports of DDGS rose five times in 2009. The investigation, expected to last until Dec. 28 2011, will look at trade patterns between June 2007 and June 2010. More on the story.
In Germany, even though E10 is meant to be available nationwide beginning on Saturday, gasoline retailers say because blending and storage facilities, as well as transportation, for the additional ethanol content has not yet been adapted, introduction of E10 will be delayed. Introduction of E10 will be slowly rolled out throughout the first quarter of […]
In China, China Integrated Energy, Inc has entered into definitive agreements with several institutional investors for a registered direct placement of approximately $15.3 million of common stock at a price of $7.00 per share. The Company will issue a total of 2,185,716 shares to the institutional investors. The Company anticipates that the capital raised in […]
