In the world of finance, analyst John Udovich indicated concerns that the risk associated with small-cap stocks for Gevo, BioFuel Energy Corp. and Solazyme makes the stock undesirable. He indicated that while Gevo has been trending upwards lately, the company is still down about 50% over the past year. BioFuel Energy Corp. has also been […]
In Illinois, former NATO Supreme Commander Wesley K. Clark expressed sentiments that the grassroots nature of the ethanol movement gives it power at a presentation to a gathering of Patriot Renewable Fuels shareholders. He also indicated the importance of both individuals and businesses demanding ethanol options in decreasing our dependence on foreign influences. Said Clark, […]
In Georgia, Vega Biofuels has completed an interim funding package to fund its South Georgia bio-coal manufacturing plant. “We’ve been working with a small group of existing shareholders the past few months to put together a funding package that will help us with expenses associated with the construction of the plant,” stated Michael K. Molen, […]
In Thailand, Thai Airways International Public Company (THAI) launched a workshop jointly with the Ministry of Energy and PTT Public Company to focus on aviation biofuels, as a first step in the country’s effort to develop this sector. Said Dr. Kurujit Nakornsap, Deputy Permanent Secretary of the Ministry of Energy, “We aim to replace 44% […]
In Lebanon, The American University of Beirut has partnered with the Lebanese Association for Energy Savings and for Environment and researchers from around the Mediterranean to study microalgae. The project will research all stages of development in order to optimize a new value chain for the production of algae-based biofuels. Facilities will be developed in […]
In Georgia, Vega Biofuels has announced that it will be shipping bio-coal to European power companies. Said Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. “There is a tremendous demand for our product throughout Europe. European power companies have been mandated to cut carbon dioxide emissions by twenty percent by the year 2020. The obvious […]
In New Zealand, LanzaTech has signed another commercial contract with NZ Steel. This contract will enable the metal producer the use the company’s waste gas conversion technology across its operations. LanzaTech CEO Jennifer Holmgren said that the agreement brings the company closer to full scale commercialization. This move comes after LanzaTech signed its first commercial […]
In Brazil, a forecast of sugar surplus may drop up to 50% if millers put more cane towards ethanol production. Currently, sugar surpluses are expected around 9.7 million metric tons, and next year will see a surplus of 5.5 million tons. However, says Giovana Araujo, an analyst at Banco Itau BBA SA, “any changes in […]
In Qatar, Petrotec AG, the largest European producer of cooking oil based waste to biodiesel, reported a 97% sales increase in 2011 as sales totaled EUR $173m. In 2009, Petrotec implemented a turnaround of its operational and financial structures, backed by an increased demand for sustainable waste-based biodiesel. The company intends to expand its business […]
In Tennessee, Eco-Energy has extended their marketing agreement with Siouxland Energy and Livestock Cooperative for two years. Siouxland operates a 60 MGy ethanol plant in Sioux Center, Iowa. Eco-Energy is a full-service marketing company with $3.2 billion in sales, and reports they handle nearly 10% of the North American biofuels market.
