In Washington, the Renewable Fuels Association has released an analysis of data recently released by the California Air Resources Board (CARB) regarding California’s Low Carbon Fuel Standard (LCFS), highlighting ethanol as a significant factor in the reduction of CA’s greenhouse gas emissions. The RFA analysis shows that the majority of carbon credits approved have been for […]
In Germany, UFOP reports that 2016 oilseed production in the EU-28 could see a slight rise from the previous year. However, whereas an increase is expected in soybeans and sunflowers, the rapeseed harvest could dip further. This situation supports prices. The EU-28 member states are estimated to harvest 31.6 million tonnes of oilseeds in 2016, approximately […]
In Belgium, EuropaBio invited small and medium sized biotech companies (SMEs) across Europe to apply for the 7th edition of the Most Innovative European Biotech SME Award – a unique annual initiative recognizing biotech innovation and its contribution to society. Depending on their field of activity, SMEs can apply in 3 categories: healthcare, agricultural or […]
In California, Pacific Ethanol reported revenue of $342.4mn, below consensus estimates of $360.4mn. The company posted adjusted EPS of ($0.32) well behind the Wall Street consensus forecast of ($0.13). Management highlighted strong year over year EBITDA results of $1.6mn. Cowen & Company’s Jeffrey Osborne wrote: “Pacific Ethanol continues to face strong headwinds from the macro […]
In California, TerraVia reported total revenue of $10.9mn, down from consensus estimates $11.9mn, respectively. The ~13.6% y/y decrease was primarily the impact of strategic refocusing of the business, which led to a subsequent de-emphasis on revenue derived from industrial applications. Cowen & Company’s Jeffrey Osborne wrote: “[TerraVia] provided more insight into its transition into a Food, […]
According to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 923,000 barrels per day (b/d)—or 38.77 million gallons daily. That is down 4,000 b/d from the week before. The four-week average for ethanol production stood at 932,000 b/d for an annualized rate of 14.29 billion gallons. Stocks of ethanol stood at […]
In California, Aemetis will acquire all of Edeniq’s outstanding shares in a stock plus cash merger transaction. In 2015, Edeniq generated approximately $20 million in revenue and $6 million in positive EBITDA. Headquartered in Visalia, California, Edeniq has 30 employees working at advanced research and development facilities, as well as pilot plants funded through grants from the […]
In Missouri, the National Biodiesel Board announced that after nearly 20 years of service to the association, CEO Joe Jobe has left the organization to pursue other opportunities. The board will begin the search for a permanent replacement immediately. Industry reaction Tributes have started to flow in from across the biodiesel spectrum. “The Board of Directors would […]
Out of the unlikely bioeconomy hub of West Palm Beach, Florida, Alliance BioEnergy Plus has revealed what it describes as the “successful completion of its yearlong efforts to optimize its patented CTS technology to extract 100% of the sugar from virtually any cellulosic feed-stock after having it completed and proven by major industry ethanol producers.” […]
In Indiana, the last anti-biofuels candidate for the US Presidency in 2016 exited the field, when Texas Sen. Ted Cruz announced that he was ending his presidential bid. The announcement clears the path for Donald Trump to take the GOP nomination on the first ballot at the Republican convention this summer. “We left it all […]
