In Colorado, Genesis Biofuel and Abundant Energy Solutions have signed a Memorandum of Understanding for the formation of a joint venture in algae-based biofuel. The venture, Algal Biofuel Refineries, will aim to complete their Demonstration Laboratories within the next three months and will be located in Englewood, Colorado. The joint venture plans to have construction […]
In Illinois, Patriot Renewable Fuels is undergoing a financial strategy evaluation and has brought in Ascendant Partners, a financial advisory firm, to help the company develop a strategy for development. After reaching many of the initial core objectives and completing a successful facility, the company is exploring the possibility of selling or continuing the business […]
In the United Arab Emirates, the Masdar Institute of Science and Technology has been developing a demonstration farm in Abu Dhabi for producing sustainable jet fuel. The project is hoping to acquire 200 hectares of land to grow oilseed plants to convert into biofuels using relatively little water. The project is being funded by Etihad […]
In Taiwan, the Taiwan Institute of Economic Research has released a report on the benefits of ethanol blending in Tainan. Just last year, the country began producing ethanol from agricultural waste products, and has been exploring the possibility of introducing a blending mandate with 95E3 ethanol, a blend of 3% ethanol. “Tainan has a vigorous […]
In Thailand, Bangchak Petroleum has announced its plans to invest nearly USD$40M in two biodiesel projects, one upstream in palm oil crushing, and one downstream in biodiesel conversion. The biodiesel plant will expand capacity to 600,000 liters per day. Thailand ‘s current energy targets are set with renewable energy contributing 25% of the total energy […]
In Iowa, the Food and Agricultural Policy Research Institute has published a new study indicating that a full waiver of the RFS requirements will only reduce corn prices by 0.5%. The study also concluded that “overall ethanol use and production are projected to be motivated mostly by crop and fuel market conditions in the current […]
In the Chicago Tribune, Tom Buis, CEO of Growth Energy, published an an op-ed rebuffing a recent editorial “A crop shortage should provoke policy changes. Are you listening, Congress?”. Buis argued that the alarmist attitude promoted by the article was all hype, and that the claims were “unrealistic and inaccurate.” He also indicated that the […]
In Illinois, ethanol has risen 12.1 cents to $2.344 a gallon, the largest gain since March 31, 2011, after a government report showed an unexpected shortage in corn inventories that would drive up production costs. The report indicated that corn stockpiles total 988 million bushels, down 12% from last year.“The trade got caught off guard,” […]
In California, Pacific Ethanol has raised nearly $11M in a public offering of stock at 40 cents per share. The company intends to use the net proceeds to repay its senior unsecured notes that are due in April. This success follows a $12M round that happened in July, offering stock at 43 cents per unit. […]
In Iowa, Renewable Energy Group (REG) has joined in the fight to protect the RFS, calling on the EPA to leave the RFS in place as the ethanol industry is already struggling with meeting national biofuel production goals. In an interview with AOL Energy, REG CEO David Oh advocated that “reducing the requirement for ethanol […]
