In the Netherlands, Royal DSM issued a €500 million bond at 2.375%, due 2024. The proceeds will be used to refinance their €500 million bond maturing on March 17th. The terms are laid down in the €4 billion Debt Issuance Program of Royal DSM , with the re-offer price listed at 99.555%. Based on this […]
In Iowa, REG has announced its financial results for FY2013, with a 37% increase in gallons of biodiesel sold and increased revenue by 48%. REG sold 72.9 million gallons of biodiesel, an increase of 89.9% compared to Q4 of 2012; the growth in production was accounted for with the restart of REG’s Mason City plant […]
In Washington, the Department of Energy’s Bioenergy Technologies Office (BETO) made a $10 million Renewable Carbon Fiber Funding Opportunity Announcement. The funding will go to support innovative technologies and solutions at Technology Readiness Levels 2-4 that could help meet bioenergy development goals. BETO intends to issue 5-10 awards to reduce the risk associated with potential […]
In Washington, Novozymes has joined the Advanced Ethanol Council (AEC). The Danish company operates the largest enzyme plant dedicated to biofuel production in the United States in Blair, Nebraska. The $200 million plant specializes in making world-leading enzymes, a key technology component for both the conventional and advanced biofuel markets. “Novozymes and the Advanced Ethanol […]
In Canada, the Pacific Institute of Climate Solutions’s recent publication, Industrial and Market Development of Biochar in BC, has been lauded by BC Bioenergy Network. “Over the past few years, the global biochar industry has been progressing towards commercial production facilities,” stated Michael Weedon, Executive Director of BC Bioenergy Network. “BC has natural hosting conditions […]
In the US, ethanol production for last week averaged 903,000 barrels per day (37.93 million gallons), with the four-week average for ethanol production standing at 900,000 barrels per day for an annualized rate of 13.8 billion gallons. Gasoline demand last week averaged 337.3 million gallons daily. Ethanol production comprises 10% of consumption. More on the […]
In Iowa, E85 sales set a new record in 2013, according to Iowa Department of Revenue data. Total E85 sales in 2013 reached 10,854,117 gallons, up nearly 20 percent from 2012 and an increase of more than 130,000 gallons from the previous record in 2011.“Record Iowa E85 sales prove the federal Renewable Fuel Standard (RFS) […]
In Spain, bioenergy consultant Alkol has signed an agreement for developing a new hybrid sugarcane with UPM- Universidad Poltécnica de Madrid. Because many of Europe’s biomass sources are not competitive in global markets, this project is hoping to create a new sugarcane with more fiber, that is resistant to lack of water, and that will […]
In New York, Cowen has predicted that Solazyme stock may be headed upwards, as Moema’s confirmation of production, expected to come later this quarter from Brazil, will be an important trigger for their stock. Moema represents an opportunity for a successful startup with strong operations metrics. Once the source is proven to be reliable, Cowen […]
In Florida, the Renewable Fuels Association held the 19th annual National Ethanol Conference in Orlando, FL last week. RFA revealed several new publications, including “Contribution of the Ethanol Industry to the Economy of the United States” and the 2014 Ethanol Industry Outlook. Speakers also included RFA President & CEO Bob Dinneen and Marathon Director of […]
