In Southeast Asia, palm oil prices are expected to drop to near-production levels, the lowest since 2009. Futures have fallen to the lowest close in more than five years. According to Dorab Mistry, director at Godrej International, “We know from experience that during bear markets, the price tends to gravitate toward the cost of production.” […]
In Hawaii, Hawaiian Electric Company has proposed plans for Hawaii’s energy future that will lower electric bills, give customers more service options and nearly triple the amount of distributed solar while achieving the highest level of renewable energy in the nation by 2030. Plans include expanding solar and wind capacity, as well as utilizing more […]
In Delaware, Butamax’s victory in Gevo’s lawsuit for copyright infringement will still cost the company, as the judge in the case refused to award attorneys’ fees to Butamax. According to US District Court Judge Sue Robinson, Gevo hadn’t pointlessly filed suit against Butamax, leaving the latter financially responsible for its attorneys’ fees. The lawsuit, which […]
In Southeast Asia, amidst dropping palm oil futures, branded edible oil producers will soon cut prices by at least 10 percent. Companies expected to make the slash include Cargill India, Adani Wilmer, and Ruchi Soya. To keep margins intact, Saraiwwalaa Agrr Refineries has decided to build inventory to sell on a rebound, said managing director […]
In Chile, the US Navy and the Chilean Navy will extend their four-year collaboration for mutual research on advanced alternative fuels. The latest agreement enables both nations to boost energy security and deliver an increased certainty of energy supply and cost; the US Navy aims to have 50% of overall organizational use powered by alternative […]
In the UK, Aquafuel’s algae fuel will be used to power the world’s first electric Grand Prix series showcasing zero emission technologies. Formula E’s sustainability manger Julia Pallé told BusinessGreen the championship organizers have signed a deal with U.K. startup Aquafuel to supply generators powered by glycerine, a byproduct of biodiesel that also can be […]
In China, Pan Caribbean Sugar Company has announced that the company will be moving to convert bagasse into energy to make the company self-sufficient. Dr. Huaixiang (Harry) Wu, CEO of Pan Caribbean, projected that making use of the process after the sugar season, the company’s 10-megawatt generator could be used to develop bagasse into fuel […]
In Minnesota, the most recent quarterly survey of agricultural bankers by the Federal Reserve Bank of Minneapolis, which tracks the important asset, shows Minnesota farmland prices have started to decline after a boom accompanying ethanol development. Prices per acre have fallen about 4.5 percent from what they were a year ago. That would reflect a […]
In Maryland, projected soybean yields are some of the highest in years as rainfall and moderate temperatures have allowed the crops optimal conditions. The USDA is currently forecasting a new record yield (45.2 bushels) of soybeans in 2014, exceeding the 2009 record of 44 bushels by a large margin. “Sustained demand increases are expected for […]
In Illinois, LanzaTech has appointed Gregg Clevenger as Chief Financial Officer. Clevenger joins LanzaTech as the company is set to commercialize its ground-breaking technology that recycles carbon into sustainable, valuable products. Its patented process uses a microbe to convert waste gas containing carbon monoxide or carbon dioxide (from industrial sources like steel mills and processing […]
