Alaska Airlines ups the ante in the search for sustainable, affordable jet fuels. In Colorado, Gevo and Alaska Airlines announced a strategic alliance to purchase Gevo’s renewable jet fuel and fly the first-ever commercial flight on alcohol-to-jet fuel (ATJ). The demonstration flight is expected to occur after Gevo receives ASTM International certification for its fuel, […]
In California, Solazyme announced a loss of $34.7 million on sales of $12.6 million compared with a $34.7 million loss on $12.4 million in sales for Q1 2014. Product revenue of $8.8 million was up 20% versus the comparable quarter. Comments from Solazyme “We are executing against our operating plan for 2015 and are pleased […]
The historic performance guarantee that’s at the centerpiece of the deal; the partnership that could lead to eight projects; Cathay Pacific, Waste Management and the US Navy in the mix. In California, Fulcrum BioEnergy has selected Abengoa to build the first biorefinery using gasification technology to convert municipal solid waste into syncrude that will be upgraded into jet […]
In Iowa, Renewable Energy Group announced Q1 2015 adjusted EBITDA loss of $30.2 million compared to $1.9 million in the prior year period, without any adjustments for the 2014 Biodiesel Mixture Excise Tax Credit (BTC). After the December 2014 reinstatement of the BTC, the first quarter of 2014 was retroactively adjusted to reflect this reinstatement, […]
In California, Amyris announced positive cash flow of $1.7 million in the first quarter despite negative currency effect of $1.2 million. Overall, Amyris recorded Q1 2015 non-GAAP cash revenue inflows of $30.3 million, compared with $17.9 million for Q1 2014. Total Q1 2015 revenues were $7.9 million, an increase of 30% compared with same quarter […]
80,000 lost jobs through “EPA’s delays in rule making”, according to new analysis In Washington, EPA’s delays in rulemaking for the Renewable Fuel Standard (RFS) over the past two years have caused an estimated $13.7 billion shortfall in investment in advanced and cellulosic biofuels as a result, the Biotechnology Industry Organization (BIO) finds in an analysis released this […]
By Brent Erickson, Executive Vice-President, Biotechnology Industry Organization, and Head, Industrial & Environmental Section EPA’s April announcement that it will re-propose the 2014 RFS volume obligations along with the 2015 and 2016 rules provides an opportunity for the agency to get this vital program back on track. To move forward, EPA must recognize that the […]
With the news that Cargill has acquired OPX Bio’s fermentation-based technology, which featured a hot route to biobased paints, adhesives, diapers, and detergents — we take a look back at a DOE paper that sparked so much interest in these biobased molecules. If they handed out Platinum and Gold certification to scientific papers as we […]
The Moguls of Minneapolis pick up an advantaged route to key renewable chemicals. News has filtered out from Cargill that the agricultural giant has acquired OPX Biotechnologies’ proprietary fermentation-based processes and systems. Bottom line, excepting the building, they bought essentially the entire company in an asset purchase. As is the usual practice at Fortress Cargill, terms were […]
44 deals, 37 companies; deal count jumps 16% but deal size drops 17% Here’s the complete skinny on who got what. In Florida, The Digest reports that 12 advanced bioeconomy ventures raised $1.262 billion in new capital in Q3 2014 through Q1 2015 for company development — and pilot, demonstration and commercial-scale projects. This compares […]
