In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 993,000 barrels per day (b/d)—or 41.71 million gallons daily. That is up 37,000 b/d from the week before and the third-highest output rate on record. The four-week average for ethanol production stood at 983,000 b/d for an annualized […]
In Germany, Ufop is reporting that “Lethargy returns” in the rapeseed market. “Following several weeks of a lethargic cash market, early-December 2015 rapeseed sales were slightly up based on rising bids and somewhat increased supply,” the group writes. “Above all, the 2016 crop was discussed fairly frequently at the beginning of December and contracts were […]
In Colorado, Gevo closed a $10 million offering of common stock. Cowen & Company’s Jeffrey Osborne writes: Funds raised through the equity offering will be used to execute capex at the company’s Luverne facilities. After having settled ongoing legal issues with Butamax in the previous quarter, Gevo is poised to ramp up isobutanol production for […]
The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, dropped 1.08 percent to 50.25 as advanced bio equities wilted. For the day, Gevo (GEVO) dumped 9.39 percent to $0.68, while Pacific Ethanol (PEIX) sank 8.19 percent to $4.15. Among other equities, Abengoa (ABGB) plunged 11.49 percent to $1.63. Overall, declines led advances […]
The Digest Bioeconomy Index, an index of publicly traded advanced bioeconomy stocks, dropped 0.90 percent to 50.80 as advanced bio dipped. For the day, Metabolix (MBLX) fell 7.74 percent to $1.43, while Aemetis (AMTX) shed 5.82 percent to $2.58. Among other equities, Solazyme (SZYM) dumped 5.73 percent to $2.47. Overall, advances and declines were even […]
In Japan, Avantium signed an agreement with Mitsui & Co., Ltd. to commercialize 100% biobased chemicals FDCA and PEF in Asia. As part of this agreement, Mitsui has been granted a right to purchase a sizable volume of FDCA from the first commercial FDCA plant to be constructed by Avantium. Avantium and Mitsui have entered […]
In Washington, US Secretary of Agriculture Tom Vilsack announced that Ensyn has received a conditional loan guarantee commitment for $70 million for a 20 million gallon cellulosic biofuels facility to be located in Georgia. Financing will be provided by Citi. The project is slated to be built in Dooly County, 50 miles south of Macon, […]
Widely there are known as Dow and DuPont. But in a few hours, and for a few hours, they might be known as DowPont, until someone figures out a name for a gigantic $130B merger in the hopper between the two companies. The Known-Knowns 1. DuPont and Dow both are struggling to return to growth […]
By Brent Erickson, Executive Vice-President, BIO After a painful and damaging two-year delay, the Environmental Protection Agency (EPA) last week published Renewable Fuel Standards (RFS) for 2014, 2015 and 2016. Unfortunately, the agency finalized a rule riddled with contradictions and confusing logic. EPA asserts that Congress gave it the authority to slow down the RFS […]
Two news items have appeared on the general subject of coke and coal with respect to biomass and fuels. Both are worth a look. The first one comes from the Air Force, which has for some time been investigating Coal-to-Liquids as a source of alternative fuels at scale — and lately has looked at a […]
