Archive for October, 2007
Daily Biofuels Summary for October 31: Fuel shortages break out in China as US, Brazil set ethanol production records
Top Story:
In China, fuel riots occurred because of shortages. The shortages are affecting Shanghai, the southeast coastal provinces, and are spreading to the interior. Diesel is fixed-priced at $2.42 in China, about one third of the price in European markets, and fuel companies are getting squeezed by soaring crude oil costs, leading to production cutbacks [...]
EU Agricultural Commissioner reaffirms 10 percent biofuels target for 2020
The EU Agriculture Commissioner, Mariann Fischer-Boel, reaffirmed the EU target of 10% of fuel consumption from biofuels by 2020. “While we take well-reasoned arguments extremely seriously, we have not seen anything yet to deflect us from the goals [that biofuel will make up 10 per cent of transport fuel by 2020] signed up to [...]
HG Consulting to invest $475 million in Kenya sugar ethanol project at Homa Bay
In Kenya, HG Consulting will invest spend $475 million in The Ngima Project at Homa Bay, which will produce 100,000 tons of sugar for the domestic market and 68 Mgy of sugar cane ethanol for export.
Kenya has also been attracting attention over the Green Power East Africa jatropha biodiesel plant in Nairobi. Also, Pioneer Carbon [...]
OKQ8 cancels rollout of Finnish biodiesel at Swedish pumps; cites opposition from Greenpeace
In Sweden, OKQ8 cancelled plans to sell Neste Oil biodiesel from Finland, bowing to pressure from Greenpeace over destruction of Malaysian rainforest to create the palm oil which is Neste’s primary feedstock.
Recently, the newly elected conservative Reinfeldt government of Sweden has pledged to spend nearly $100 million on the development of biofuels. The government has [...]
Chattanooga to convert sludge and wood chips into biodiesel in new deal with GSL Energy Solutions
In Tennessee, the Chattanooga City Council approved a contract with GSL Energy Solutions to convert city sludge and wood chips into biodiesel. The city has enough sludge to produce up to 4.9 Mgy of biodiesel.
Tennessee has been taking a more aggressive approach to biofuel development in recent months. Senator Lamar Alexander last month highlighted the [...]
Palm oil price hikes chill Malaysian biodiesel expansion; only 4 of 91 approved plants have opened
In Malaysia, the government has approved 91 biodiesel projects to date but only four are in operation. The high price of crude palm oil is cited as the cause for the expected capacity boom that has not materialized.
However, earlier this week HSBC Bank Malaysia agreed to provide financing for a $59 million Mission Biofuels biodiesel [...]
Italian biodiesel production falls 40 percent; new regulations introduced in 2007 blamed
In Italy, national biodiesel production is projected to fall 40 percent for 2007 compared to last year, to to 450,000 tons. Production was 750,000 tons in 2006. Producers blamed regulatory changes for the drop, but said that Italy would increase capacity by 750,000 tons through 2009.
Iowa Senator Grassley proposes to President Bush that EPA approve E15, E2 and E30 blends
Iowa Senator Chuck Grassley called on President Bush to direct the Environmental Protection Agency to approve E15, E20, E30 blends.
Grassley said that with E85 not gaining acceptance, the US had to find other ways to ensure a market for higher blends of ethanol.
Grassley, a strong domestic ethanol supporter, is leading an effort to close a [...]
Aventine reports net income of $3.0 million for Q3 2007; says ethanol price plunge cost $10.6 million
Aventine Renewable Energy reported net income of $3.0 million for the third quarter and cash flow from operations of $8.8 million.
The company blamed the poor results on falling ethanol prices and increased feedstock costs. Aventine estimated that the economic impact of declining ethanol prices on quarter-end inventory was $10.6 million.
Japan’s Sojitz company takes 33 percent stake in Brazil’s ETH Bioenergia
In Japan, Sojitz agreed to acquire a 33 percent stake in ETH Bioenergia for $80 million. ETH Bioenergia, a subsidiary of Oldebrecht, will produce 259 Mgy of ethanol.
Earlier this month, Oldebrecht and Angolan and Brazilian companies Sonangol and Damers formed the Biocom joint venture to produce ethanol, electricity in Angola.
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The 50 Hottest Companies in Bioenergy - Sponsored by Core Informatics
Click on company name for latest company news
1. Coskata
2. Sapphire Energy
3. Virent Energy Systems
4. POET
5. Range Fuels
6. Solazyme
7. Amyris Biotechnologies
8. Mascoma
9. DuPont Danisco
10. UOP
11. ZeaChem
12. Aquaflow Bionomic
13. Bluefire Ethanol
14. Novozymes
15. Qteros
16. Petrobras
17. Cobalt Biofuels
18. Iogen
19. Synthetic Genomics
20. Abengoa Bioenergy
21. KL Energy
22. Ineos
23. GreenFuel
24. Vital Renewable Energy
25. LS9
26. Raven Biofuels
27. Gevo
28. St.1 Biofuels Oy
29. Primafuel
30. Taurus Energy
31. Ceres
32. Syngenta
33. Aurora Biofuels
34. Bionavitas
35. Algenol
36. Verenium
37. Simply Green
38. Carbon Green
39. SEKAB
40. Osage Bioenergy
41. Dynamotive
42. Sustainable Power
43. ETH Bioenergia
44. Choren
45. OriginOil
46. Propel Fuels
47. GEM Biofuels
48. Lake Erie Biofuels
49. Cavitation Technologies
50. Lotus/Jaguar – Omnivore -
