In California, Pacific Ethanol has been approved for a $20 million loan facility with Wells Fargo Capital Finance that will help the company to re-start its ethanol production in Stockton. With access to cheaper capital, Pacific Ethanol may begin looking at re-starting its facility in Madera as well. More on the story.
In Illinois, Honeywell UOP has been awarded the American Institute of Chemical Engineers 2010 Sustainable Energy Award for its work on biofuels process technology. The award from AIChE recognizes contributions toward the innovation, sustainability and conservation of energy through the application of chemical engineering. Honeywell’s UOP was recognized for developing process technology to broaden the […]
In Brazil, Noble Group will buy two sugar and ethanol mills from Cerradinho Acucar, Etanol & Energia SA for $950 million–$350 million in cash and the rest in assumed debt. The purchase will double Noble’s cane crushing capacity to 1.34 million metric tons. More on the story.
In South Africa, German and Australian investors are in the final stages of negotiations for two biodiesel projects with Coega Development Corporation in the Eastern Cape. The projects are expected to total around $438 million. More on the story.
In Thailand, the government’s B5 blending program has been put on hold due to a palm oil shortage with local supply only around 70,000 metric tons, compared to usual levels of around 120,000 tons. The country’s production this year was seen at 1.7 million tonnes of crude palm oil this year, of which 1 million […]
In Canada, Biox expects to add $3.5 million to its earnings during the first quarter of next year thanks to the re-instatement of the US’s biodiesel tax credit. The Toronto Stock Exchange-listed company had lost about 26% of its value since it forecast losses in July due to last year’s expiry of the tax credit. […]
CleanBeta: Biggest Battle Yet for Biofuels Begins emcconne_reads: BlackRock leads $30 million round for biofuels company LS9: Biofuels and biochemicals company LS9 just got a new CEO. HumanityNews: Green News: Ford, GM join legal fight against ethanol change methesenergies: Canada Renewable Fuels Standard Takes Effect greeneconpost: #renewableenergy Report Shows POET’s Project LIBERTY an Economic Boon […]
In Washington, Rep. Jay Inslee (D-Wash.) has introduced the “Domestic Fuel for Enhancing National Security Act of 2010,” which would authorize the Department of Defense to engage in long-term contracts for aviation biofuels. Recently, the Department of the Navy has established goals to cut petroleum use in the commercial fleet in half by 2015 and […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.52 percent to a 28-month high of 78.60 as advanced biofuels surged. For the day, Archer Daniels Midland (ADM) recovered 0.73 percent to $30.25, while Amyris (AMRS) jumped 5.01 percent to $23.07. Among other equities, Codexis (CDXS) gained 5.06 percent to $10.58. Overall, […]
“Half a league, half a league, half a league onward…all in the Valley of Death rode the six hundred.” Lord Tennyson, “The Charge of the Light Brigade” If the summer of 2009 was the Summer of Algae, then what we are passing through now is the Winter of Finance-Me-Not, and the men are being separated […]
