In Washington, the US House of Representatives voted by a 277 to 148 margin to approve the Obama tax deal, which extends the ethanol tax credit through 2011, and retroactively extends the biodiesel tax incentive and the renewable diesel incentive through 2011. The bill also renewed the 54-cent tariff on Brazilian ethanol through 2011. The bill will […]
In California, Raymond James analyst Pavel Molchanov affirmed Rentech’s Market Perform rating after Rentech reported a fiscal 4Q10 net loss of $0.04 per share, below consensus of $(0.02) and our EPS estimate of $0.01. “Revenue of $34.5 million was 37% lower than our estimate of $54.6 million, while gross margin of 23.6% was also weaker […]
In Texas, Dorsan Biofuels announced that it has joined the ATI-Clean Energy Incubator. Dorsan uses proprietary technology to create fungal-based biocatalysts that can convert non-food biomass and waste streams into diesel fuel and a variety of food and fragrance products. Beyond the brand association and investor introductions, Dorsan looks to benefit from synergy with fellow […]
In Virginia, Logos Technologies has been awarded the second phase research grant from the Defense Advanced Research Projects Agency to produce fully compatible jet fuel from cellulose — the structural component of all plants and algae. With this process, Logos scientists and their teammates estimate, the cellulose waste streams from agriculture, industries, and cities could […]
In Canada, Energy Innovation plans to open the City of Toronto’s first biodiesel manufacturing facility in the port lands. Working with Invest Toronto and the property owner, Toronto Port Lands Company, Energy Innovation has selected an existing 8,600 square foot facility to produce market-ready biodiesel and meet the federal government’s renewable fuel target. EIC manufactures […]
In Brazil, French specialty chemical company Rhodia Energy Services commenced a five-year, $260 million investment program in bioenergy with a $32.5 million investment in a project with Paraiso Bioenergia (Paraiso), the Brazilian sugar and ethanol producer. Under the agreement, Rhodia will design, co-own, build and operate a biomass thermoelectric facility. The unit will have an […]
TheICCT_Fuels: Reuters expects EU Commission #iLUC report next week | ‘EU plans to tackle unwanted impacts of biofuels’ ewerickson: Senator Ethanol, the Young Guns, and the Politically Expedient | RedState SMLBound: Ethanol leads to inflation. Federal mandates are the devil!! All of them! soulfulmess: Industry Welcomes Back Fed Biodiesel Tax Incentive: Passage of the federal […]
In Illinois, Yong-Su Jin, a University of Illinois faculty member and assistant professor of microbial genomics at the Institute For Genomic Biology has developed a strain of yeast capable of fermenting galactose from red seaweed. Jin stated, “… making biofuels from red seaweed has been problematic because the process yields both glucose and galactose, and […]
In Belgium, the European Commission has authorized a €5 million investment aid for a pipeline infrastructure to transport waste CO2 from Albengoa’s Rotterdam ethanol plant to greenhouses in the “Zuidplaspolder”. The waste CO2 will be used to enhance crop growth, thereby reducing the current use of CO2 in flue gases obtained through the burning of […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 0.23 percent to 77.27 as large caps moved ahead. For the day, Archer Daniels Midland (ADM) gained 0.43 percent to $30.35, while Bluefire Renewables (BFRE.OB) jumped 9.09 percent to $0.48 on new analyst coverage. Among other equities, Rentech (RTK) was down 3.82 percent […]
