In Peru, BP has announced an equity investment of an undisclosed amount in Pure Biofuels del Peru. Based in Lima, Pure Biofuels is a leader in the Peruvian refined fuels and distribution services markets. Pure Biofuels currently has over 1,000,000 barrels of liquid fuels storage at the Port of Callao, the largest port on the […]
In North Carolina, Enviva plans to open pellet plants in Sampson and Richmond Counties by 2017, representing a $214.2 million investment by 2017. The company is eligible for up to $1.7 million in incentives for the Richmond and Sampson plants through the state’s Job Development Investment Grant Program, as the plants will create a combined […]
In California, SGB has raised $11 million in venture funding as the company prepares to sell renewable jatropha. Investors included Thomas McNerney & Partners, Finistere Ventures and Flint Hills Resources, a wholly owned subsidiary of Koch Industries. The company used genetic technology to determine which plants had the most promising traits, then bred them, said […]
In the US, China’s petroleum fuel demands will drag up global demand even more than previously thought, according to recent EIA data. “The fastest economic growth is projected for the non-OECD region, with GDP increasing by an average of 4.6% per year from 2010 to 2040,” the report said. “In contrast, GDP in the OECD […]
In California, Aemetis has received a positive review from SeeThruEquity, with the equity research firm asserting that the company is “an attractive play in the biofuels space.” The update note explained that “Favorable ethanol operating environment in the U.S. and significant ramp up in production and revenues at the India plant provide significant potential for […]
In Illinois, Darrel Good, an Agriculture economist with the University of Illinois Extension, has published an article asserting that the USDA September 1st corn stocks estimates aren’t as important as the previous three years, when “stocks were generally small and the U.S. average corn yield was below trend value.” Said Good, “the market expectation is […]
In the Philippines, the Sugar Regulatory Administration (SRA) and the Brazilian government are currently drafting a Memorandum of Understanding regarding exchange of information on sugar production techniques. SRA Administratior Ma. Regina Martin recently visited Brazil and said that the Brazilian government was looking to enter cooperations with the Philippines for the use of advanced sugar […]
In Illinois, US Senator Dick Durbin (D-IL) has sent a letter to the Office of Management and Budget (OMB), urging the OMB to thoroughly review the EPA’s proposal to reduce Renewable Fuels Standard RVO requirements. “The Administration’s proposed change to the Renewable Fuel Standard seriously missed the mark,” Durbin said. “As written, it would not […]
In Wisconsin, Virent’s partnership with Coca Cola is to be extended with an additional investment of an undisclosed amount for Viret to scale up production of the paraxylene chemical which Coca Cola is using in their PlantBottles. The investment will fund purchase and installation of new equipment that is needed to chemically produce and purify […]
In Nevada, Methes Energy has attained Quality Assurance Plan (QAP-B) RIN assurance status. The company retained Genscape as its QAP provider for RIN verification, and has worked over the last three months to ensure that the process complies with EPA requirements. Methes’ QAP-B assurance status, with a first assured production date of July 1st, 2014, […]
