Archive for August, 2007
EU gives go-ahead for 111 MGY ethanol plant in Hull, England
In Brussels, the EU approved plans by BP Associated British Foods to construct a 111 Mgy ethanol plant in Hull, England, scheduled to be online in 2009 and will use wheat as a feedstock.
Wheat-based ethanol has come under scrutiny this week as the director of the Spanish Flour and Semolina Producers Association blamed biofuels for [...]
Indian fuel distributors say they can procure enough ethanol to support an E10 mandate
Fuel distributors disputed government officials’ assertions that the country cannot produce enough ethanol to support an E10 mandate. They stated that they have procured 120 million gallons of ethanol, almost half the 295 million gallon ethanol requirement to support E10 if it is imposed in the country. Previously, Biofuels Digest reported on a Times of [...]
Iowa ethanol plant postponed due to escalating construction costs, decline in ethanol prices
In Iowa, Little Sioux Corn Processors announced the postponement of its IPO after putting its planned 100MGY ethanol plant in Akron, IA on hold due due to escalating construction costs and declines in ethanol prices. Biofuels Digest previously reported on Plymouth County’s trapped investment in supporting the planned Akron River facility. There have been an [...]
US Renewable Fuel Standard (RFS) debuts September 1st
The US renewable fuels standard, or RFS, debuts on Saturday, September 1. The program will mandates an increasing percentage of renewable fuels in motor vehicle fuels, with credits granted to ease the transition.
The program exempts small refineries through 2010, plus the states of Alaska and Hawaii, although Hawaii has imposed a separate E10 mandate. RFS [...]
Daily Summary for Friday August 31
Top Story: The US renewable fuels standard, or RFS, debuts on Saturday, September 1. The program will mandate an increasing percentage of renewable fuels in motor vehicle fuels, with credits granted to ease the transition. The program exempts small refineries through 2010, plus the states of Alaska and Hawaii, although Hawaii has imposed a separate [...]
Biofuels Stock and Financial Outlook for August 31
Biofuels stocks will be looking to rise today on the strength of Lehman Brothers’ upgrade of the ethanol sector from “Neutral” to “Positive” and a suggestion that passage of favorable energy legislation this year is greater than 50/50.
US biodiesel producers, and refiners will be looking for more investor interest after Volvo announced a new demonstration [...]
Biofuels Digest Indexâ„¢ (BDI) up 1.90 points as ethanol outlook improves, credit worries rise
The Biofuels Digest Indexâ„¢ (BDI), a basket of 21 major public biofuel stocks, rose 1.89% percent today to 102.23 as an improved outlook for ethanol overshadowed increasing worries about the credit market that dragged down the market as a whole.
This morning, Lehman Brothers analyst Mansi Singh upgraded shares of ethanol producers Aventine Renewable Energy Holdings [...]
Lehman Brothers upgrades Aventine, VeraSun on favorable corn, ethanol prices
Lehman Brothers analyst Mansi Singh upgraded shares of ethanol producers Aventine Renewable Energy Holdings (AVR), and VeraSun Energy (VSE) to “Overweight” from “Equal Weight”. Singh also upgraded the ethanol sector from “Neutral” to “Positive”.
In setting price targets of $20 for Aventine and $17 for VeraSun, Singh cited a combination of steady corn prices, rising ethanol [...]
Mozambique’s Petromoc to raise $408 million for jatropha biodiesel project
The Mozambique oil producer Petromoc is raising $408 million for a new project using 45,000 hectares of jatropha to produce 59 million gallons of biodiesel. Petromoc is currently conducting a pilot biodiesel project using coconut oil as a feedstock.
Petromoc has approached the Brazilian company INM International, Sonipal Ltd, and Aruangua agro-industrial as partners in the [...]
Malaysia’s FELDA acquires Twin Rivers Technolgies, enters US biodiesel market
Malaysia’s Federal Land Development Authority (Felda) acquired US-based Twin Rivers Technologies for $68.9 million. Felda intends the acquisition as a platform for increasing market share in the North America vegetable oil and biodiesel market. Twin Rivers is a major producer of vegetable oil-based biodiesel under the Envirodiesel brand, at its Cincinnati plant. The company [...]


